LAWYER EXPLAINS | How I paid off $200k+ of student loans in 2 years

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I graduated from law school with over $200,000 in student loans. This video details exactly how I paid them off in under 2 years (exact numbers!) and my tips for how you can pay of your student loans faster.
Remember that refinancing your student loans isn’t always the best option, since you will lose many federal loan protections, so please research first before making a decision.
I graduated from law school with over $200,000 in student loans. I wanted to give you the strategies I used to pay off the student loans faster, save interest, negotiate down interest rates, and budget and keep track of expenses. In this video I also talk about refinancing student loans, why I chose to refinance mine, and how I saved money by refinancing.
The biggest thing to keep in mind is to actually set a payoff date. My other student loan video, which you can watch by clicking the link below, talks more about the process for setting a payoff date.
HOW I PAID OFF MY STUDENT LOANS IN 4 STEPS: • How I Paid Off $225,52...
📌Join 4 million followers on Instagram to see my other money videos: / erikankullberg
NOTE: This description contains some affiliate links, meaning that I may earn a minimal commission if you click through and use these links (at no additional cost to you).
Disclaimer: I am not a financial advisor. Although I am a lawyer by profession, I am not your lawyer and no attorney-client relationship is established with you in any way. This video, and the ideas presented in it, are for entertainment purposes only and should not be construed as financial or legal advice.

Пікірлер: 681

  • @qmakesithappen
    @qmakesithappen4 жыл бұрын

    You're a legend!!! Most people wouldn't even negotiate ONCE! This video will put so much money back in people's pockets, I think it was worth the sponsorship lol

  • @Erika2

    @Erika2

    4 жыл бұрын

    Thank you Q!!! :) You're the legend!

  • @Erika2
    @Erika24 жыл бұрын

    Please help this video out and give it a thumbs up! :) Can we get to 100 likes? THANK YOU! Refinance Your Student Loans - APPLY TO BOTH to compare rates! 🎓 SoFi - (Exclusive) erikakullberg.com/sofi (you'll get a $100 bonus after signing up by using my link!) 🎓 Earnest - (Exclusive) erikakullberg.com/earnest (you'll get a $100 bonus after signing up by using my link!) Others refinancing options: Credible: www.pubtrack.co/9BZP33C/8CWLMG/ Splash Financial: www.pubtrack.co/9BZP33C/B34MN4/

  • @tylermichaelherron5635

    @tylermichaelherron5635

    4 жыл бұрын

    How do you keep refinancing your variable rates? If rates are going up, wouldn't your new rate be at least comparable to the old one?

  • @Erika2

    @Erika2

    4 жыл бұрын

    @@tylermichaelherron5635 By the time the rates had gone up, I'd paid off more of the loan, hence the lower new rate each time :)

  • @isteppedinstinkydogdoodoo183

    @isteppedinstinkydogdoodoo183

    4 жыл бұрын

    👍

  • @swaggytjm33matthews26
    @swaggytjm33matthews263 жыл бұрын

    congrats on getting your student loans , and everything else, positive going on in the future, enjoying watching your videos daily whenever possible

  • @mahmouddahjeed2929
    @mahmouddahjeed29292 жыл бұрын

    Yes. I gladly watched the whole thing and I appreciate the time you took to go through the whole process. Thank you!

  • @samsimone2065
    @samsimone20653 жыл бұрын

    Thank you for sharing your journey. This is so motivating. I can see myself doing a few of the tips you recommended.

  • @ecor150
    @ecor1503 жыл бұрын

    You're humble and relatable that's why your channel grow fast

  • @TheEntrepreneurChannel
    @TheEntrepreneurChannel4 жыл бұрын

    200K wow mine were 20K and I'm still paying them! Thats such a great idea to get the two lenders to compete!

  • @Erika2

    @Erika2

    4 жыл бұрын

    Keep it up! :)

  • @holy48ghost

    @holy48ghost

    4 жыл бұрын

    Very good info...James, in in forbearance for the same amount🤪and thought about putting it off for 15 years, just to be wiped out🤷🏾‍♀️

  • @donapadua
    @donapadua2 жыл бұрын

    I'm so happy I came across your channel! Financial freedom can be intimidating, especially with student loans. But with your tips and encouragement, the light at the end of the tunnel gets brighter! Thank you!

  • @capentero
    @capentero4 жыл бұрын

    Your plan and it’s execution we’re genius! Most people don’t even know that you can always request an amortization table from your lender as well on most any loan. Keep up the good work!

  • @LivingSimplyinCanada
    @LivingSimplyinCanada3 жыл бұрын

    Love your negotiations! Inspiring.

  • @zinatm9530
    @zinatm95304 жыл бұрын

    Thank you so much for breaking this down! for being honest and real about your thought process. I'm a Dr and have been living with my loans for over a decade, just 'going along with it'. Having mom and dad pay for everything and then one day having to pay hundreds by myself, wasn't something I quickly grasped. And now years later there's more life responsibilities and so paying them is like a routine daily chore, not something to tackle. So I'm getting very inspired to change my way of thinking so I can finally be free of this debt. Thank you so much :)))

  • @Erika2

    @Erika2

    4 жыл бұрын

    You can do it!!

  • @bestofyooniverse7994
    @bestofyooniverse79944 жыл бұрын

    loved all of your tips, thanks so much for sharing!!

  • @BelindaOwusu1
    @BelindaOwusu14 жыл бұрын

    Amazing! thanks for sharing the negotiation tips!

  • @michaeltylerham
    @michaeltylerham3 жыл бұрын

    I am considering loans for grad school right now, and this is really helping me plan ahead for post-graduation budgeting. Thank you!!

  • @candicewdgu
    @candicewdgu2 жыл бұрын

    Love the comprehensive information!

  • @ShariKaye
    @ShariKaye4 жыл бұрын

    You deserved that job and anything else your heart desires💖 including your upcoming sponsorship(s) 😉. Thank you for breaking down the decisions you had to make in this process.

  • @Erika2

    @Erika2

    4 жыл бұрын

    Thank you Shari! This is so nice of you to say!

  • @FlamingBasketballClub

    @FlamingBasketballClub

    4 жыл бұрын

    Is your channel about “financial wealth?”

  • @laurenmills3087
    @laurenmills30872 жыл бұрын

    So happy to have found your channel! 🙏🏻

  • @btg323
    @btg3232 жыл бұрын

    Awesome! Really appreciate the level of transparency in your videos.

  • @tloftus2009
    @tloftus20092 жыл бұрын

    Wish I saw your videos 30-years ago, but better late than never. Thank you. KZread format has been wonderful for knowledge.

  • @michellethomas5893
    @michellethomas58933 жыл бұрын

    Thanks for enlightening us!!!

  • @jacquelynallen488
    @jacquelynallen4884 жыл бұрын

    TY for your transparency. I wish I had known this 10 years ago!

  • @Erika2

    @Erika2

    4 жыл бұрын

    Thank you!!

  • @newrldman1
    @newrldman14 жыл бұрын

    Impressed and inspired! I'm glad I stumbled upon your channel. Congats and keep it coming. The prime and valuable content that is.

  • @Erika2

    @Erika2

    4 жыл бұрын

    Thank you!! I appreciate it!

  • @GlamfulTangerine
    @GlamfulTangerine2 жыл бұрын

    I came across your channels a few hours ago actually because I’m in the process of trying to figure out how I’m going to go about paying off my students. And the information you gave was very informational and I look forward to taking everything you said into consideration. Thank you so much! 😁 and congratulations on paying off your student loans!

  • @chayes829
    @chayes8293 жыл бұрын

    Thank you, for this valuable info!

  • @KatherineBoulonHolguin
    @KatherineBoulonHolguin4 жыл бұрын

    Great information! Thank you!!

  • @dreisajohnson4342
    @dreisajohnson43423 жыл бұрын

    This was very helpful! Thank you for sharing your tips!

  • @crowndirectory1003
    @crowndirectory10032 жыл бұрын

    Really motivates me. Thanks for sharing.

  • @sheahenry1282
    @sheahenry12822 жыл бұрын

    I'm taking notes and going forward with a 1 yr goal. Thanks for the great tips

  • @eunicesaintmartin
    @eunicesaintmartin3 жыл бұрын

    This was so helpful! Thanks!

  • @franky7842
    @franky78423 жыл бұрын

    Definitely worth the sponsorship :) hope many people on YT are going to see your video!

  • @estherch8394
    @estherch83943 жыл бұрын

    Great inspiration. Thank you, Erica.

  • @BBOLOGIST
    @BBOLOGIST2 жыл бұрын

    Thank you so much for the tips!

  • @sx3r952
    @sx3r9522 жыл бұрын

    Thank you so much for the negotiate lesson, never imagine this would be something possibly to do!

  • @yolandamenendez9783
    @yolandamenendez97832 жыл бұрын

    Useful information. Thank you.

  • @cleansingrhythm
    @cleansingrhythm2 жыл бұрын

    So many great tips Erika! Thank you.

  • @EricPardo
    @EricPardo Жыл бұрын

    Great job (and tips)! Love the charts, income streams and mission statement

  • @CoolKhris123
    @CoolKhris1233 жыл бұрын

    Thanks for the tips!

  • @lynneparro3088
    @lynneparro308810 ай бұрын

    This video inspired me with hope for my daughter! I LOVE Erika's videos - I always learn something new! And she is so down-to-earth, smiley, and happy! (Love her airline videos!)

  • @anregung
    @anregung2 жыл бұрын

    Thanks for the tips.

  • @daisydukes2010
    @daisydukes20103 жыл бұрын

    Thanks for sharing! Love your videos ❤️

  • @melissadrake1674
    @melissadrake16742 жыл бұрын

    Thank you! Great insights!

  • @eliteDancer719
    @eliteDancer7192 жыл бұрын

    This is so helpful, thank you so much!

  • @JustFrugalMe
    @JustFrugalMe4 жыл бұрын

    Hi Erika! Thanks for sharing your journey.

  • @Erika2

    @Erika2

    4 жыл бұрын

    Hey! It's been a while! Thank you!

  • @andreslo1215
    @andreslo12152 жыл бұрын

    Thank you for the tips!

  • @M0ani83
    @M0ani834 жыл бұрын

    Thanks for the great tips!!

  • @ChhTravels
    @ChhTravels4 жыл бұрын

    I love the tips! Thanks for sharing.

  • @Erika2

    @Erika2

    4 жыл бұрын

    Thank you for watching Chong! :)

  • @artimuscunningham942
    @artimuscunningham9422 ай бұрын

    Thank you so much! I've been searching for a video just like this one.

  • @animiteva6122
    @animiteva61223 жыл бұрын

    Wonderful and very insightful video! Thank you.

  • @nyyuri
    @nyyuri3 жыл бұрын

    Definitely trying this!

  • @TheNoobSnipa
    @TheNoobSnipa3 жыл бұрын

    Hey erika, congratulations on paying off your loan, it is such a blessing to hear your achievements! This video has really encouraged me a lot because I also just graduated and now have to tackle my loans of around $50,000. Thank you for what you do! Many of us appreciate it here! I hope all is well with you!

  • @rebeccareardon3775

    @rebeccareardon3775

    Жыл бұрын

    me too michael, we got this!

  • @piakormann1777
    @piakormann17773 жыл бұрын

    You are pure motivation yourself! I fortunately don't have to pay back that much of a student loan, since in my country, going to college ist more or less sponsored.... anyways, I watched your video until the end cause you made it so interesting and fun to watch! Your long research was obviously worth it and turned into that amazing video! THANK YOU!!!

  • @Imwinston
    @Imwinston4 жыл бұрын

    This is so worth the watch everyone! Short term sacrifices for long term freedom thanks Erika!

  • @Erika2

    @Erika2

    4 жыл бұрын

    Thank you for saying that Austin! :). Totally agreed. You said it so well! Short term sacrifices for long term freedom. Love that!

  • @lauranieves1446
    @lauranieves1446 Жыл бұрын

    Wonderful video! Thank you for sharing!

  • @aminamohamed3207
    @aminamohamed32072 жыл бұрын

    Thanks for the info!

  • @djmcconnelltt11
    @djmcconnelltt113 жыл бұрын

    Thanks for the great advice

  • @katiachavez6423
    @katiachavez6423 Жыл бұрын

    Thanks for sharing your experience

  • @ambertorres4444
    @ambertorres44442 жыл бұрын

    Awesome tips. Thank you.

  • @stepheninvests
    @stepheninvests4 жыл бұрын

    Love your background! I commented on your 8000-20,000 sub post in Video Makers group. Awesome work!

  • @Erika2

    @Erika2

    4 жыл бұрын

    Thanks Stephan!

  • @LucyJodlowska
    @LucyJodlowska2 жыл бұрын

    Love this video! Learned quite a bit- thank you for the great tips.

  • @ZylerKade
    @ZylerKade3 жыл бұрын

    Great tips!! And congratulations, that's an amazing accomplishment! Kudos to your commitment and drive!

  • @fxiryprincess444
    @fxiryprincess4442 жыл бұрын

    so helpful! i learned a lot of things that i didn’t know before

  • @ceciliamorales9157
    @ceciliamorales9157 Жыл бұрын

    Thank you!! More tips!

  • @osa799
    @osa7992 жыл бұрын

    Great info! Thanks

  • @yashar598
    @yashar5982 жыл бұрын

    Great video! Thank you for sharing.

  • @tracymiller9390
    @tracymiller93903 жыл бұрын

    Great job!

  • @vanrey36
    @vanrey3610 ай бұрын

    I just watching your videos and they are informative and fun to watch. I wish you all the best!!!

  • @714robert2007
    @714robert2007 Жыл бұрын

    Thank you for the great tips!!

  • @barbe8155
    @barbe81553 жыл бұрын

    Thank you so much for this info

  • @tiffanybaskerville3846
    @tiffanybaskerville38462 жыл бұрын

    Very inspiring. Thank you for sharing.

  • @j_yh
    @j_yh4 жыл бұрын

    Nice work. Excellent walk-through and good detail. Very actionable! Keep up the great work.

  • @Erika2

    @Erika2

    4 жыл бұрын

    Thank you so much!

  • @danellewatkins1900
    @danellewatkins19002 жыл бұрын

    Can't wait to try some of your tips

  • @beautifully_scarred_lea
    @beautifully_scarred_lea2 жыл бұрын

    Thanks and I hope you still get a sponsor. Thanks for being sooooooo transparent

  • @MrClinicalFinisher
    @MrClinicalFinisher4 жыл бұрын

    Great tips! Thanks for sharing!

  • @Erika2

    @Erika2

    4 жыл бұрын

    Thank you for watching!

  • @allaholod7063
    @allaholod70632 жыл бұрын

    Great video, thank you

  • @fajrdn
    @fajrdn3 жыл бұрын

    Imagine if both of them saw this video and compete to sponsor your video 😂

  • @sapphiresecretss
    @sapphiresecretss2 жыл бұрын

    Great tips! Thank tou

  • @mosby75
    @mosby752 жыл бұрын

    Thanks for the inspiration! Going to work towards paying off my crazy expensive student loan as well.

  • @saffronlancaster631
    @saffronlancaster6312 жыл бұрын

    These are such great tips girl!

  • @AEIarea48
    @AEIarea484 жыл бұрын

    Great, thank you!

  • @benhuguenard8147
    @benhuguenard81474 жыл бұрын

    Bravo! Thank you for sharing. I hope it inspires a lot of people.

  • @BaybiiCandiies
    @BaybiiCandiies2 жыл бұрын

    Thank you so much for this! I really appreciate it

  • @camilasharman895
    @camilasharman8952 жыл бұрын

    Amazingly helpful!

  • @youngesttwinsister
    @youngesttwinsister3 жыл бұрын

    💕 thanks for the info

  • @mariavimal
    @mariavimal2 жыл бұрын

    Thanks Erika!! You are a awesome negotiator!!

  • @romey-o8934
    @romey-o89343 жыл бұрын

    Great vid, nice breakdown on everything

  • @jimdempseyfundraising
    @jimdempseyfundraising2 жыл бұрын

    Terrific video - so helpful!!

  • @karensparkman2914
    @karensparkman29142 жыл бұрын

    Yes!! Starting this month.

  • @pujaberry2043
    @pujaberry20432 жыл бұрын

    Inspirational! Keep up the great work and content

  • @marienicolebarleta9524
    @marienicolebarleta95242 жыл бұрын

    Great video thank you!!

  • @JS-jd3yy
    @JS-jd3yy4 жыл бұрын

    Nice! Very informative, encouraging, and inspirational! Thank you much for sharing!

  • @Erika2

    @Erika2

    4 жыл бұрын

    Thank you for watching!

  • @MrLUXATL
    @MrLUXATL2 жыл бұрын

    Very informative and inspirational! I am utilizing some of your tips to pay off CC debt 🙌🏻

  • @sylviahernandez9412
    @sylviahernandez94123 жыл бұрын

    Great advice and very informative! 👍👍

  • @rosieyoung8741
    @rosieyoung87414 жыл бұрын

    Your negotiation tips are genius!

  • @Erika2

    @Erika2

    4 жыл бұрын

    Thank you Rosie!

  • @jenniferbradley7955
    @jenniferbradley79553 жыл бұрын

    Amazing. Super helpful tips!

  • @sheahonhewitt4969
    @sheahonhewitt49695 ай бұрын

    Wow thanks for the tips!

  • @kyliephillips2492
    @kyliephillips24922 жыл бұрын

    This is GREAT advice! Thank you so much, Erika!

  • @astrobebe
    @astrobebe Жыл бұрын

    Love your content. Thank you so much for this helpful info.

  • @jackrussellfun2265
    @jackrussellfun22654 жыл бұрын

    What an amazing accomplishment!!! Appreciate you sharing.

  • @revarants
    @revarants3 жыл бұрын

    im going into law school and I wanted to know what I was getting myself into. This video really helped and gave me a lot of hope.

  • @DeeBrown22
    @DeeBrown224 жыл бұрын

    So helpful! Thank you from a fellow CA lawyer!