Congrats! My wife and I made our final student loan payment last month. Dave Ramsey is great

@jjbuckner

6 жыл бұрын

Justin that is awesome! Dave Ramsey is the reason why my wife and I paid off our student loans as well!

@Abmarp

6 жыл бұрын

Justin Buice amen !!!

@miragemerchant3795

6 жыл бұрын

Everyone Stay Woke . Lovely tutorial up there but Please Get out of student loans and mortgage debts. And go contact Webghost the great hacker and get it fixed in matter of hours. This is the best decision i made especially if you have good bank account or credit card. You'll definitely get paid. Right now im totally debtfree. { contact webghost33 @ cyberservices .com or text 470 231 5053} You welcome

@TheElysian7

6 жыл бұрын

You’re inspiring!

@johndanielson3777

6 жыл бұрын

How long were you and your wife in debt?

"I graduated college with 97,000 in debt"...that right there is a Huge problem..schools have become a business that drain students of money and yet, no one is stepping in to help the students who then graduate with massive debt and have difficulty paying it off...Having that much debt can be overwhelming for ANYONE...Especially a young 20 something who hasn't even began their career.

@FreedomofSpeech865

5 жыл бұрын

Michael Molinaro not only is no entity is stepping up but they are dangerous trends to increase debt and bring back bogus colleges that are purely for profit and poor career supports, It is very scary.

@flameshoter6

5 жыл бұрын

And he said it took him 4 years just to pay that. Most people it would take a life time. Either way, that takes a good portion of a persons life to deal with that mess. Much different from getting a house or whatever.

@mariosblago94

5 жыл бұрын

The way to combat this is very simple: stop sending kids to college if they don't need it. Most jobs do not require a college education. Unless your desired field is STEM, in which cases you should always focus on your grades and will likely get scholarships, then don't waste money in college. Sooner or later, this ridiculous business bubble will pop.

@Dance1617

5 жыл бұрын

No one owes you anything. What do you mean no one is stepping in? It's your responsibility, it's your debt. Does it suck? Absolutely. Should we not even allow an 18 year old kid to sign up for that kind of debt. No. But it is yours and it's your responsibility to learn finance and make the sacrifices you need to. No one held a gun to your head to go to college for 20k plus a year it's a choice you made. We're you brain washed into that choice? Again yes. But it's your no the less.

@flameshoter6

5 жыл бұрын

@@Dance1617 well, sageofsixpaths for starters, they could just remove the interest owed because that is what makes repayments impossible. That is what causes 30 grand to turn into 150k then into 250k etc. Hell, i can't even find an internship and the college sure as hell is not helping me. Even though they literally have a department for that reason... I paid all of my tuition loans. And I am looking to become a full-time custodian soon lol... but at least it will have benefits, a 403(b) (which I already have for being a part-timer), and i'll make around 40k a year with some additional overtime. Which isn't that bad. And I am hoping to get a day job that will be part-time. So, I can see I'll be making around 55-58k a year. But, I went to college to go into accounting. But I can't get the experience. And the competition of everyone else having a bachelor's means there is no room in this state. Without speaking though, there is a major shift in spending money power from the other generations that our generation does not have. The feds literally just came out with the information like a week ago. Hell, people in the 1950's could pay of their yearly tuition just by working the summer. Now people are working 30 years of their lives and not able to pay off the rest? sounds a little unfair to me.... It only shows how ridiculous the country is. Compared to other countries who have their act together for the people. Instead of their pockets. Also another information bit- Ceo's use to have only about 20x more then their average employee when it came to salary. Now there are many ceo's who are earning almost 2000x the average employee. Based on stock incentives, money, etc. Which is still ridiculous because if that money was used to fund the business, it would probably be better off. The boomers as a generation caused this. Without thinking, no one took control of an expected situation. But then again, even if they were so called educated better than any other generation they sure as hell don't figure things out.

Just paid off $78,000 last month! Woot woot!!😎

@mattdavella

6 жыл бұрын

Wow that's amazing!! Congrats!!

@DavisHardy

6 жыл бұрын

Nice job, I payed off ~$800 last month

@Blakmagic88

6 жыл бұрын

Thanks guys!

@livelaughlove4635

6 жыл бұрын

Very nice! What did you do to make that happen?

@Blakmagic88

6 жыл бұрын

Live Laugh Love __MM I was actually pretty fortunate... I took a job... down range that paid very well and managed to pay off the debt in about 8 months...

Been able to manage money is a very important tool every individual needs to know about, I can remember how I struggled with debts a few months back till I got to know more about investing and budgeting. Now thanks to the change in mindset am doing better and clearing off my debts.

@ameliabecker6050

3 жыл бұрын

Am still lacking in my money management skills but hopefully i would get better and finally start some investing.

@michealvaughan8089

3 жыл бұрын

Student loan debt is really an annoying debts that takes years to pay off.

@liviohuber4326

3 жыл бұрын

+Samuel Jackson am also in the same boat as you, it's been a difficult journey for me but am hopeful I can get it cleared by mid next year. If I may ask what are you invested in.

@samueljackson1858

3 жыл бұрын

@@liviohuber4326 I have a short term investment trading stocks with a pro brokerage firm, where I am assigned to a pro market analyst and strategist Eric Grinwis who handles my trades. This has been a secondary income stream for me these past seven months.

@youngwolf2526

3 жыл бұрын

That's nice, investing in stocks is really clever and profiting. How can I make further enquires on his services.

Step one: Move in with parents. Lol

@AnthemNotBanal

5 жыл бұрын

*Step one: Don't care about how others perceive you when you take one step back to take a massive spring forward.

@AttackStart

5 жыл бұрын

Having parents to move in with is your luxury right there.

@bigdisme5622

5 жыл бұрын

Yea moves in with parents, acts like he did a huge thing. Not.

@4thQuarterMentality

5 жыл бұрын

😂😂😂

@AttackStart

5 жыл бұрын

​@@jonwlivingstone Lets say that my cost of living is higher than that because rent is just a part of it. Also, lets say that I am not $100,000.00 in debt and never have been. Lets just say that if you live at home you are not looking after yourself like so many adults do. Just call a spade a spade. Living at home into adulthood is an act of entitlement, not sacrifice.

My degree and living expenses cost me $92,000 but I managed to pay it all off by the day I graduated! Lots of hustle and grind in those 5 years.

Step 1. Be charismatic (*try not to be ugly), Step 2. Get a decent camera, Step 3. Become a youtuber/instgram influencer. Step 4. Profit

For those that are thinking of going to college, my best advice is to get a part-time job while you go to school. You can save money in those four-years of school and not have to pay extra on interest.

@nicoletaylor2880

4 жыл бұрын

Thats depends on the situation for some people

@JD-sh6lh

2 жыл бұрын

some people that that part time job to survive while being in college

College is no longer about learning It's about paying strangers to tell you what to do I just got my batchelors It was nothing more than 4 years of sitting in a classroom for 3 hours waiting for the hw assignment and getting anxious over GPA

Americans in the comments defending six figure debt for students are the same kind of people who would argue the poor person without healthcare is “free” to die on the streets.

@prg4647

6 жыл бұрын

Tyrone Fountain 👏👏👏

@JoeLopez

5 жыл бұрын

Hardly

@flameshoter6

5 жыл бұрын

Haven't seen anyone defend that choice yet lol... However, people who choose not to work a second job and is completely capable of doing so, should be able to afford very cheap health insurance in the very least. Those who can't, because they are 600 lbs should change themselves but choose not to. And those who can't work from injury, I can only wish them the best of luck.

@haute03

5 жыл бұрын

Tell it!

@mysticbazuso36

4 жыл бұрын

there is not a single person that thinks like this. You made it up.

Love this story! Keep it up man!

Great inputs! Even though I am not planning to get myself into debt, I should invest some time into learning about personal finance.

But how did you do it? Where did you live? How much money were you making? C'mon now. This was pretty vague.

@jojojaykay

5 жыл бұрын

yeah honestly, lmao

@LittleMopeHead

5 жыл бұрын

This. There are many stories I've read, but most of them don't state interest rates, how much goes into the loans every month, expenses, etc. People don't have to list their income, but giving info about what goes out every month gives other people some context at least.

@anseltroy6627

5 жыл бұрын

Living at home rent free... I'm guessing. He didn't go into detail

@JoeLopez

5 жыл бұрын

He is teaching you how to fish ;-)

@fiyinfoluwaaduke2025

5 жыл бұрын

SH3R🐻 He doesn't mention any of this? There's literally NO point to watching then lol

Read that book on your recommendation, appreciate it! (Also just paid off half of my student loans)

Pleasure to listen to you. Love the way you deliver your messages: very clean, to the point and a lot of white space. No clutter in speech, on screen and in life you portrai. Subscribed.

I really needed this, thank you for creating.

How to pay debt: earn more money

@100Bucks

6 жыл бұрын

Obbliteration you mean drain your time away. Minutes you never get back.

@Obbliteration

6 жыл бұрын

Mmm no. I mean earn more money.

@shannysalcedo3627

6 жыл бұрын

100Bucks I agree with you on what you said but unfortunately you have people who chase after money because they desire the finer things in life(greed and ambition is part of human nature) and people who have no choice but to work multiple jobs because they need to pay bills(otherwise they would be homeless and in need of food).

@LittleWhiteLieMusic

5 жыл бұрын

What'd you do as a side hustle to earn some extra cash? If you don't mind me asking of course.

@flameshoter6

5 жыл бұрын

yeah I currently work 64-70 hours a week. It sucks so much. I literally pass out an hour or two after I get home. Sometimes I fall asleep with the food half eaten. And the plate sitting next to me. 4 of those days are 14 hours and the last day is 8 hours. And then on the weekend, I prep for my next week. But I don't have the luxury for anything because my family's debt drags me down too. Let them go homeless and find my own place or help them so that I feel better in the future.... Tough choice. My sister made that choice before I could because she was able to. And chooses to not really help out. Even though she makes almost 80 grand a year. I'm lucky if I make half of that....

I’m in Baby Step #2 .. so good to hear your perspective on it. Much love brother

I am binge watching your channel and find myself relating to you and really feeling motivated! THANK YOU

This is simple yet so practical and helpful. thank you!

Number 4: hard but doable. I agree with charging more (charing what you're worth). I paid off over 15k in debt last year - shooting for 25k this year (which would be the rest of it!)

Man, this is amazing. Good on you for finally paying off your debt. I’m currently reading the Total Money Makeover and it’s one of the first finance books I’ve come across and its very practical!

@lashondaclark1435

6 жыл бұрын

Tracy Landu who is the author of the book?

@tracylandu

6 жыл бұрын

Dave Ramsey

@lashondaclark1435

6 жыл бұрын

thank you

@amydickey5231

5 жыл бұрын

I like most of his ideas but I will never have a Debit. Our CU doesn't even issue them anymore. I wont give someoen an open door to my accounts.

I’m so happy for you. Congratulations man, thank you for deciding to give us some input too.

This just woke me the hell up! It is so hard sometimes to climb out of debt as well as not letting myself get depressed about it. thanks Matt

Powerful message thank you for sharing

powerful thought you gave us Matt: I didn't see that money I was making as mine. So important to think of it that way if you want to pay off your debt. So helpful. Thank you.

Just finished off my loans/debt a couple months ago as well. Understanding that you are in a crisis situation is the first step. Then get smart about finances and sacrifice for your goal. Great tips Matt!

I'm glad I stumble upon your videos. I pick up few things that are helpful

Congrats! I just started off my career, just passed my 1 year mark and still going strong. Really good suggestions on tackling your debt. I am trying to get it done in 5 years instead of 10 which is already ambitious. I will definitely have to pick up that Total Money Makeover book.

@MhiaLee19

6 жыл бұрын

Alena Wu girl 😂 now your help paying his debt back.

Your videos are so informative and very well made, just like the podcasts! Love what you do

@mattdavella

6 жыл бұрын

Thanks!!

Hey! I know exactly how you felt. I'm currently paying off my student loans, and I'm halfway through. CONGRATS on paying yours off!

Awesome job Matt... great mindset to have!!!

+1 Dave Ramsey. Good move, stay out of debt.

First question. Why do you guys in US have so much debt for college? :P Insane.

@IshikaShanai

6 жыл бұрын

Instead of providing education, the way college is structured in the U.S. is how you market a tailored good to a 'client'. Since most small colleges don't have the infrastructure to support the programs and degrees they offer, they compensate by creating 'comfortable' living spaces, 'better' pizza at cafeterias, etc... Which in turn drives the prices up. It also doesn't help the social stigma that you NEED to go to college and have a degree, masters, and or PhD in order to be employed. This is not true in most cases, but some companies do operate on this bias. Sorry, for the rambling, but most of this information came from an audiobook i'm currently listening to called: "The Death of Expertise" By: Tom Nichols So, if your curious, the book has a section on colleges. I highly recommend it.

@2khfan2

6 жыл бұрын

Thanks for this ^

@iamthepkmaster

6 жыл бұрын

To answer your question it’s because America is not a socialist state where we rearrange “debt” into “free college”. Same goes for “free” health care, low taxation allows consumers to decide where they want to go, what kind of education they want, and truly puts options in their hands. Instead of taxing us highly and putting that money into redistributive policies that give you “free college”, we just pay less but pay more for school. Many more people get the opportunity for college because they don’t have to deal with college entrance exams. Here an entrance exam just filters the schools you can go to, in other parts of the world it filtered whether or not you’re allowed to go to school because the government is putting great pressure on you to graduate and do well because you’re getting “free” college. Here if you want to do poorly you can, you’ll just pay for it on your own, but you just have the option. Kinda the premise of America really to have that option and freedom.

@AikoiEmil

6 жыл бұрын

Yves Saint Laurent actually makes sense

@kaeleklund6728

6 жыл бұрын

Yves Saint Laurent I thoroughly enjoy having the option and freedom to bust ass at work, barely make rent, and still not have attainable higher education.

Not sure how I came across your channel, but I’m soooo glad I did! Great content! Keep it going ❤️

Wow Matt, your channel is growing fast! Keep up releasing awesome content!

It's easier when you're living in parents basement and have no kids. When I was single I saved quite a bit but when my life became more "expensive" with raising a family, the money went out faster than it came.

Here I’ll fix your video.. How to pay off debt.... 1) live rent/mortgage free 2) make more money 3) use all money to pay off debt Boom. See how easy guys? So easy. Just be privileged!

clean, great video..i just posted 3 videos for the first time ever yesterday and the quality of yours is awesome. Love it!

omg, you had 2.48M subscriber! I was just going thru this topic search on KZread, and great job doing personal finance, and paid off your debt!

@hughrobert6189

4 жыл бұрын

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why is the thought "living on you own after 18" is such a big deal in US, in India parents expect child to come home and settle with them after college, my college fees for 3 years is 7,600 dollars for a bachelor degree which with the help of my parents i can pay in just a few years why FOREIGN country do that, WHYYY?

$97.000 in four years? Thats about $25.000 a year. Many gradutes don't even make that money a year. The solution is basically to make a lot of momey which makes paying your debt easy obviously.

@deerandomized9337

6 жыл бұрын

Pretty much what I was thinking

@MadisonFalco

6 жыл бұрын

His point isn't to shame people who can't pay it as quickly as he did. What he's saying is that he really buckled down and tried to pay it off and it worked. If someone else who may not make as much, I. E. Me, tries his method it may take me less time than it would have if I hadn't seen the video

@veganmarine

6 жыл бұрын

amen to upstream.

@veganmarine

6 жыл бұрын

ok dumb dumb... please explain to the rest of the world how one can afford the cost of living AND spend 25k a year towards school debt while only earning 25k a year... think before your type next time silly.

@veganmarine

6 жыл бұрын

hey there friend...Im fine. There are hundreds of people that do not have mommy and daddy to live with, that do not have the luxury of saving, they might have families on their own to take care of. the fact that a society has to choose a field of study that they do NOT want to do, that is not what best suits them or their personality simply because a different program pays more. Now they are miserable the rest of their lives just to pay the bills doesnt seem like that is was the point of higher education once was or is in other societies? There was once a point in time when students could come to college and experience multiple fields of study, find what best suits them, experience life, get into a field that better helps society because they actually care about what they are doing... Take a deep breath, calm down, and use some critical thought. The education system in America today is not what it once was. It is nothing like other societies. The higher education system here today is a profit making industry. It is not focused on the growth and experience of the individual.

I’m glad I discovered your youtube channel and podcast! Keep doing your craft men! seriously, you’re helping a lot of people. Peace!

love this video, its nice to see that no one is perfect and your self growth is so empowering

I’m in sooo much debt, and it’s crushing. I want so badly to get out. 2019 WILL be my year!

@mr.romero8955

4 жыл бұрын

Amelia Bee I hope you’re doing well!

We should all take responsibility for our debt. In 2012 I was on a low income and followed basically the same steps & it took me 4 years to pay back a debt of £26,500 (which I realise is way less than yours) but that ended in 2016 & although I'm still on a low income I have on average 70% of my monthly wage leftover thanks to no longer having any debts to spend it on. Excellent video, thanks Matt!

@georgina4874

6 жыл бұрын

Silvio Fusiello 👏👏👏👏👏👏👏

@baboowee

6 жыл бұрын

What was your major???

@SilvioFYT

6 жыл бұрын

Hello! No major for me unfortunately. I left education at age 16 (I'm in UK) and picked it back up again when I discovered The Minimalists in 2010 ;)

That’s awesome! Great video! I was almost disappointed cause you suggest reading 1 finance book a year but there are no books listed. Before complaining I checked your link to your kits/gear and found your book list. Thanks for sharing Matt!

I love the style of your videos: Always helpful, straight to the point, asthetically fitting and pleasing down to the color of lighting. Matt, your not only a great director, you're a great story teller. Hope to see more in the future!

This falls under the category of "inspirational." But the title is totally misleading: It's not a "how to." It's just more like a personal testimony and we have to take him at his word.

@nickdimes7794

5 жыл бұрын

Spunkymunky hes good with clickbait thats why

@elliotklein6331

5 жыл бұрын

Unless he changed the title since you made this comment, the title of this video is "How I (Matt D'Avella) paid off my debt...". He listed steps that he followed to help himself through his situation, and he figured he'd share them with the public. If he had some magical algorithm to solve everyone's financial problems I'm certain you wouldn't find it on KZread.

I guess this doesn’t work for me. I don’t have parents so I went homeless after college. Being academically smart meant nothing at that point. I had no finances, and got really sick. I ate one meal a day and some days without eating at all. Had malnutrition. Things are finally picking up after my partner basically adopted me fortunately. Then someone stole my identity fml so hopefully I’ll get a job once everything’s done

@malerieayala4349

5 жыл бұрын

M4tchStickGirl, I sorry to hear your unfortunate circumstances. Consider contacting the social services office in your county. They have different services from food, shelter, daycare, and health insurance. That’s what I used during hard times. These programs were meant for people like us who try to do their best to move up in life but encounter obstacles. When I was unemployed after college, the county helped me sign up for food vouchers, free daycare, affordable housing, and health insurance. They helped me get back on my feet. Good luck 👍

@kifloat9462

4 жыл бұрын

🙏🏾☘️🙏🏾☘️🙏🏾☘️🙏🏾

@kifloat9462

4 жыл бұрын

God will solve all of our problems🌟

Wow. No filler. Just great points. Got a sub outta me!

I loved your honesty. This makes me addicted to your channel. Thanks for the tips!

HOLY FUCK!!! that's my mindset TOO! i fucking don't see the money i made last year as MINE. I WORKED SO HARD TO pay off to 44k. I'm going to bring it down further this year. 3 years? pretty good man.

What are your top 3 personal finance books??

Congratulations! What a great accomplishment. I did a video similar to this a year ago. Thanks for the upload. I subscribed!

Helpful. I like your personal and practical approach. Thank you, Matt.

I wanted to hear exactly how you did this. How much did you make per year. How much did you pay per month?

@Henry0870

6 жыл бұрын

Well, $97.000 / 4 years / 12 months = $ 2020.83 each month. ;-)

@ashleyteel9335

5 жыл бұрын

Now, figure, 4 weeks to each month, working 40 hours a week, he was making at least 12.62/hr. $12.62/hr only covers the debt. What about food? Transportation? Living expenses? This video gave no information other than "I was in debt, I got out of it."

@spaceshiptomoon

5 жыл бұрын

Ashley Teel just a tip. If you’re dividing into months then you would actually divide by 13 because there’s 52 weeks in a year. The 12x4 method comes out to 48 so there’s actually an “extra” month in the year. And he wasn’t working 40 hours a week, I guarantee it. If you need more money you’re going to work more hours. I’m sure he brought in a lot of overtime to pay this off. It’s going to take a lot of hard work and pain but it’s worth it in the end.

@elmerovero7528

5 жыл бұрын

@@spaceshiptomoon I think you are wrong.

6 minutes I will never get back. Really groundbreaking stuff. Now just buy his e book and subscribe because thats really how hes paying everything off

@mobileaccount3217

5 жыл бұрын

Lou Jon lol

@sad-womeninthehouse4249

5 жыл бұрын

Actually all of his videos are ad free So subscribing won’t do anything

@thegoodkidboy7726

5 жыл бұрын

It's not his book, either

Hey man. I'm listening to the podcast and watching your videos since I saw you at Kraig s channel. I'm enjoying a lot the content, and it's helping me to leave behind everything and everyone who is pulling me back. Thanks for sharing your vision.

Congrats!!! I’m working on this!!!

I have a question how many of those yrs did you live on your own(of the 4yrs) while u were paying off 97,000??

For anyone about to watch the video, the answer is calculate your interest and make a budget >.>.

Thanks Matt. This was an amazing video!! Got to learn a lot from this.

This hit me right in the feels. I am also from NJ, have a bunch of student debt, work in the field of videography/photography....and also still live in my mother's basement. Good times

You didn't really tell us HOW you got out of debt, you just loosely mentioned the tools you made use of, but you didn't provide any detailed strategies. How did you make-over your finances? How much more money did you start earning and how? How were you saving? What type of spending did you cut out? With the extra money you began to make and save, how much of it was going to pay off your debts? Did your money grow by investment? These are the things I came to hear.

@JediOfTheRepublic

5 жыл бұрын

Live with your parents rent free and utilities free.

Just graduated last Friday $20,000 in the hole. I will say this video gave me hope, even just the thumbnail made me think "okay if he can pay off 97 in four year surely to god I can pay off 20" Good luck to all my fellow graduates! We can do it!

@marcussavina2726

5 жыл бұрын

LaLaLola you'll be okay. I just did 13 k in a year and I haven't even watched the video. Just keep a slow consistent pace.

@JediOfTheRepublic

5 жыл бұрын

You are worried about 20k? Wow, you must need a safe space? If you are worried about 20k, you are a privileged individual.

Thank you so much for this video and those valuables advices !

Thank you for telling your story and giving the rest of us hope!!

@anthonymason3501

3 жыл бұрын

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The whole "live alone when you're an adult" is completely a strange concept to me in first place. Idk why you people in the States prefer to live independently. Here in the East , we prefer to live with our parents and plan our entire future considering them with us all the time.

@jbari6569

4 жыл бұрын

Saibal Republic sometimes you dint get a choice because the mindset is already engrained into the parents so you fall into the cycle

I’m happy for everyone who has the option to reach out to parents for help in these types of situations, but as a kid who came from foster care with nobody there to help, it’s a little harder to pay off debt. If I didn’t have to pay rent, phone bill, groceries and everything else that comes with living on your own, I too would be debt free by now, but life is expensive and it is what it is. For the people who have similar situations to this guy, then maybe listen to him. To all the others like myself and those who’re in even worse situations... Just stay positive and keep grinding because eventually hard work pays off.

This is such an inspiring journey and story! So so cool that you're making films and videos and showing people that getting out of debt is possible

These are some great tips. Thanks!

As a filmmaker, do you spend money to watch movies in the cinema?

@mattdavella

6 жыл бұрын

Yes, I do. Love going to the movies.

@pollyboy12

6 жыл бұрын

And now we have MoviePass

@sullysaints2337

6 жыл бұрын

Matt D'Avella oh you can write that off as research in taxes!

Seriously, congratulations! This is a huge achievement. But you were paying (at a minimum) over $2,000 per month. With the current job market, many college graduates are having trouble paying rent and bills let alone having an extra 2 grand a month to put towards student loans.

This is great advice. Thank you for making this video.

Great video man. First off I say congratulations on that incredible accomplishment! I think one of the key things I took from this vid is reading personal finance material consistently. We can have this knowledge in the back of our head but if we’re not in that mindset constantly we can stray off. I just graduated and I’m getting ready to take on $15,000 in debt. Nowhere near what you had to accomplish but nervous never the less. Wish me luck and thanks for the vid!

I went to uni and got paid for going. And no debt. But then again I live in Norway.

If you could go back would you go to the same school? Do you think it was worth it?

@mattdavella

6 жыл бұрын

If I was thinking straight I probably would have done 2 years at community college, applied to scholarships & then went to a school in a major city. The connects I made definitely helped to start my career. While everything ended up working out for me I know others might not be as fortunate. So it's best to play it safe and start your career out of debt.

@SurajBoddu

6 жыл бұрын

Matt D'Avella Was it filmmaking you studied at college?

@ShadeMiller

6 жыл бұрын

problem is, many things have a degree as a requirement

@alidi13

6 жыл бұрын

Shade Miller Right. Even jobs that shouldn't require a degree are now asking for 4 years. Some jobs are asking for 4 years at a "good" university, and some jobs are stating that they prefer someone with an "ma." It's madness. I admire people who start their own business.

Videos like this give me hope!

Hey Matt, this is really helpful. I keep wondering why I am in debt for years and this seems like the way it’s gonna be, but this video is really straightforward and simple. I’m gonna follow it and see it through to the end, and then I’ll let you know again. You are amazing, keep up the great work. Cheers!

It sounds like you might've regretted buying the car lol, but do you have any regrets in spending as much as you did on schooling?

Probably too personal, but what was your monthly payment? (ballpark) I currently have to pay roughly $300 just in interest so it's hella debilitating to know that isn't even reducing the principal amount. But I'm in the same spot you were -- so ready to be out of debt and I can't imagine still paying off these loans when I'm 50+ I have around 60k in debt. I'm also a very poor grad student with a measly stipend lol

U got the sub! Simple and inspiring.

Wow! This is a great video! I have to pay $20,000 but it feels like a million. With this video you teach me my debt is not as big as yours, but it’s possible to get out. Anxiety has been one the things I got since the bank told me to pay. Thanks again for this video.

I'm lucky to study in France and pay only 10euros for a year !

Wow what a visionary. Kid lives with his parents through and after college and pays down some debt... ZzZz.. Try being on your own 18 onward and doing the same thing. No parental safety net. That is actually impressive. Controlling debt requires only 2 things. Basic intelligence and discipline.

@ninagrace-lee8323

6 жыл бұрын

Jim Lewis It still takes incredible disciple to pull off, regardless of whether he stayed home or not. It’s easier to pay student loan debt when you aren’t paying rent and utilities but doesn’t mean it’s impossible. I know people on a teacher’s salary who lived with roommates and paid off their loans in 5 years. It’s harder to do, but doable

@adinahwithkaden

5 жыл бұрын

Ok, but even with the most discipline, no one truly on their own is gonna be able to pay off $100K in 4 years. That's basically my rent cost.

@elodiei.5087

5 жыл бұрын

But why hate on someone that chose to take a good opportunity when it presented itself? At the end of the day, it's the result that count, which is being debt free as soon as possible. If I had a child. I would be more than willing to take him/her back home if it would help to get rid of their loan, just like my parents did with my sister. It's called supporting your child. Just because he's over 18 doesn't mean his parents' job as parents is over.

@tiny_weeb_rin5583

5 жыл бұрын

Totally agree. Like good for him but it's not that impressive.

@JediOfTheRepublic

5 жыл бұрын

No one is complaining, Benny, we are just calling out privileged bullshit.

Really powerful and great video. Thanks!

Love that I found your channel. As a person who has student debt as well, I felt like you, I took control of MY finances when I laid it out in excel. I called it the battlefield from there I was able to develop and execute my debt payoff game plan. I love how you laid out your story and solution and owned up to your own failures and missteps. I had to have a new car at graduation too, who doesn't right?? Love the videos, great content!

this was not helpful at all, cool story tho.

@petitecheriecocoenrose7256

6 жыл бұрын

thank u

@theAppleWizz

6 жыл бұрын

how was it not helpful

@daniellasko6398

6 жыл бұрын

Hahah thought I was the only one

@MultiProudMother

6 жыл бұрын

“Spend less, make more money” Epic strategy 🙄

@alishamichelle166

6 жыл бұрын

Read the Total Money Makeover ... That book is what he used to get out of debt.

you just echoed what I had gone through, and we no longer have debt, aside from our house, which I'm glad to say we are now approaching single digit balance! What, yes, $9,000.00 is all we owe, currently. Its nice to see you and others with the willingness to share, that you can live without debt and/or credit score. Thank you!

@mattdavella

6 жыл бұрын

Nice! Congrats! :)

@ladyTiger0714

6 жыл бұрын

Matt D'Avella no, thank you for your continued encouragement through your blog and the many like yourself who have been inspired to put the word out,it doesn’t have to be the accepted norm to live a life where you actually become enslaved, and working longer for a much less intentional life. R ~Ana

Thanks for the wake up call! I am now taking a look inside and get rid of my debt!

Which camera and mic do you use? Love your videos!! Makes the thought of finishing uni and paying debts slightly less panic-inducing!

I would love to know your yearly salary throughout this process. Many recent graduates have entry level jobs for barely 12-13 dollars an hour, even WITH a biology degree and experience. And many grads ESPECIALLY don't have the luxury of living with family long term. Care to share all of your facts rather than condescending to hard working graduates struggling with debt?

@daniellasko6398

6 жыл бұрын

Daniel Bencardino I can guarantee it was more than 45k/year. Let’s say his monthly expenses were 1000 at most because mommy and daddy foot the bill for the rest and he lived rent free and didn’t pay for food. So after taxes he should have the 2k to our towards the loan. If this guy is reading the comments.. the reason we’re giving you so much shit is because any half dim wit could do the same thing in your shoes and all the people in real shit situations who are unable to do any of this are pissed off.

@flameshoter6

5 жыл бұрын

I'm a part time custodian making around $16 an hour. And a scanner for a something else making about $12 an hour. I work 64-70hrs a week.... can't even find an accounting job.

@flameshoter6

4 жыл бұрын

@@theendlessdaydream6442 I actually got lucky several months ago. My friend help me get a job with the state. I still work as a temp, but I am making livable wage at least. And now my foot is in the door. If I am lucky, I will be able to take some kind of position if someone retires soon. Everyone around me has been working for a long time with the state. And all they talk about is retirement. Doesn't mean anything until it actually happens, but it looks like the boss would like to keep me. And I don't mind working as a temp even if it takes a couple years. if it can open a position for me. The office people don't talk to me too much even though i been there for almost ten months now. But at least i am pushing a bit to try and have people grow on me. I don't have to work 70 hrs anymore. I work around 50-60 between two jobs still. But I get to choose what days i work at my night job. But it will still be nice when i get to the point that all i need is 1 job. Good luck on your end. Hopefully you will fit in somewhere too soon.

@flameshoter6

4 жыл бұрын

@@theendlessdaydream6442 Honestly, having some AR apps sounds like it would be a good idea even if it was a hobby. Don't know what the AR means (could be accounts receivable or augmented reality). But it would save time and money with the company probably. As well as keeping track. They should modernize. Nothing is pen and paper anymore. And honestly, you could become a niche that people need. You might be able to go into a different field such as designing landscapes (not sure what the position would be called). Or create a business for people with some money looking for a unique design. Again, good luck.

I was expecting to get some numbers like salary, whether he worked multiple jobs what the expenses were like, did he live at home for 4 years?

@enfermoytristemundo

5 жыл бұрын

Yes

Slowly but surly...Great video!

U have to add reading books to my list, and I'd be doing the exact same thing. Great video. I am motivated to pay off my college dept too.

**German university students** : THESE NIGGAS IN DEBT LMAOOO

Debts when entering college: 0€ Debts when graduating: 0€ Welcome to the EU. :)

@zixis443

4 жыл бұрын

not true if you live in the netherlands, people here have student loans of over 40k

Love your work man... 😊

Great video ! Def eye opening