Skip to content

Financial Panther Posts

Categories
DebtCategory Debt
Side HustleCategory Side Hustle
SavingCategory Saving
InvestingCategory Investing
Latest Posts

A Breakdown Of How I Paid Off $87,000 Of Student Loans In 2.5 Years

One of the best things I did coming out of law school was to pay off my student loans as fast as I could. Doing this gave me a ton of flexibility in the type of money I had to earn. With my loans gone, I didn’t need to work in a job earning a certain amount of money, all so that a portion of it could go out the door to some student loan company. And I could rest easy at night knowing that I didn’t have to keep paying for a piece of paper I had earned years ago!

Interestingly, even though I knew how much in student loans I had paid off, I had never actually looked at what I had paid over those 2.5 years.

I thought it might be an interesting trip down memory lane to see this information. So a few weeks ago, I requested my payment history from my student loan servicing companies and took a look…

Continue reading A Breakdown Of How I Paid Off $87,000 Of Student Loans In 2.5 Years

22 Comments

Pay Off Debt By Rejecting The “It Isn’t Possible” Mentality

One of the interesting things I find when people share their debt free stories with the mainstream media are the comments that result. Some commenters praise these articles and talk about how they’ve been inspired.

But more often, you notice the negative comments. These are the people who say that the story being shared isn’t possible or that what they’re reading isn’t helpful because most people can’t do the same thing…

Continue reading Pay Off Debt By Rejecting The “It Isn’t Possible” Mentality

36 Comments

Net Worth Report – Q3 (2016)

Today’s post is the first in what I hope will be a series of quarterly net worth reports. I love seeing actual numbers from everyone in the personal finance community, so I thought I’d join the party and share my own numbers as well! It’s my hope that you find this report helpful as you continue on your own financial journey…

Continue reading Net Worth Report – Q3 (2016)

33 Comments

September 2016 Side Hustle Report

A new month means it’s a good time for another side hustle report! For those of you that are new to the blog, each month, I document what I earned from side hustling using sharing economy websites.

My purpose in writing these reports is to show you the type of money that you can make using some of the skills and assets you already own. Even small amounts of side hustle income can add up to a large sum of money given enough time. The beauty of a side hustle, in particular, is the huge impact it can have on your savings rate. This is because every dollar you earn in a side hustle can be saved.

Continue reading September 2016 Side Hustle Report

26 Comments

Why Your Average Lawyer Can’t Pay Their Student Loans

I usually get praise for the fact that I was able to pay off $87,000 in student loans in 2.5 years. It’s definitely one of my proudest money moves and, importantly, it opened up a lot of doors for me. Not being forced to stay in any particular job because I “needed” the income greatly improved my quality of life.

But sometimes when I share my story, rather than praise, I’m met with scoffs.

Of course you were able to pay off your student loans quickly! You’re a big shot lawyer making six figures a year!

But these scoffs got me thinking. The assumption appeared to be that anyone in my position could do what I did.

So, if I was able to pay off my student loans off as fast as I did, why weren’t others in my position doing the same?

Continue reading Why Your Average Lawyer Can’t Pay Their Student Loans

23 Comments