Build A Bigger Life

BABL 019: Jeff Mitch on Blasting Away Student Debt

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Synopsis

Jeff Mitch on Blasting Away Student Debt Jeff Mitch was a man on a mission -- to blast away ALL of his student loan debt in record time. Jeff paid off a significant amount -- nearly $50,000 -- worth of student loan debt from Duquesne University in just under two years! Jeff used Google Sheets in the Google Drive app to create a monthly expense tracking mechanism. Through this, Jeff and his wife used this method to track how much they’ve spent, AND to keep their spending at a certain level. “Why is the guy who runs 10 miles a day skinny? Because he runs every day.” Same is true for someone that tracks what they’re spending and is conscious about blasting away debt. Jeff shares his methods for blasting away his debt around the 9:00 mark. The numbers Jeff shares on this podcast are phenomenal. He and his wife put nearly $30,000 a year towards student debt, and are now focused on the future of what an extra $30k can do for them. The first step, according to Jeff is maxing out all of the tax advantaged accounts,