Dumping $30k in Less Than Year!

Feeling trapped at a job because you're dealing with debt? Find out how you can pay off your debt faster. Whitney Hansen shares how she eliminated $30,000 in less than a year! 

Feeling trapped at a job because you're dealing with debt? Find out how you can pay off your debt faster. Whitney Hansen shares how she eliminated $30,000 in less than a year! 

So financial independence in the truest sense is for me when you are officially at a point where you don't have to work anymore, you're officially retired if you so choose.

But the goal of that is, is that you can start to have a lifestyle that kind of mimics financial independence earlier on.

If you're very careful and you are paying off debt and you're intentional with your spending, and if you're not letting it get out of control, I think you can actually live some of those benefits sooner.

And so that's kind of what I what I believe is that you can have this really cool life if you are willing to do the hard work.

Now, you can actually have that life sooner than 65 years old.

Whitney Hansen

Paying Off Debt Faster

I've been noticing a shift lately when the topic of money and paying off debt comes up.

I hear from friends, family, neighbors and work buddies is this idea of having more options.

It's not about a specific amount in the bank or retiring by a certain date.

It's about being drawn to financial freedom because people to want to be stuck at a career they don't like or in a situation because they are just overwhelmed with debt.

My guest today, Whitney Hanson, knows all about that desire to have more options and less debt.

My guest today, Whitney Hansen, knows all about that desire to have more options and less debt.

Today we'll get into:

• why motivated her to fast track paying off her student loans
• how she was able to get rid of $30,000 in less than a year
• what first steps she suggests if you want to be debt-free sooner than later

Hope you enjoy!

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Want to hear more from Whitney? Connect through her awesome podcast The Money Nerds, Twitter, and Instagram! 

Resources to Help You Dump Debt and Start Building Wealth

Tired of being in debt? Here are some resources to help you dump it and start saving more!

• Best Budget and Money Apps: Personal Capital, Tiller, Mint
• Grow Your Stash Faster: High Yield Savings with CiT Bank
• Jumpstart Your Marriage and Your Money
• Attacking Debt: Which One First?
• Crush One Debt: Money Workshop
• The Great Debt Dump: Running Toward Financial Freedom with the Power of Community
• Which Debt Payoff Method Is Right for You?
• Knock Out Your Credit Card Debt

If you want to chat some more about creating better money habits, questions, or share your own tips please join us over at Thriving Families on Facebook.

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

We've been members for years and love their service and competitive rates on checking and savings accounts!

Rollover Your 401(k) Easily with Capitalize

We’re grateful for wonderful partners like Capitalize. Not only do they support the podcast, but they help make managing your money so much easier. 

Did you know that it’s estimated that there are currently over 24 million “forgotten” 401(k) accounts? In fact, the average American changes jobs every 4 years. 

And because of the Great Resignation, you or someone you know might be changing jobs even more 

It’s an extreme case of out of sight and out of mind. Is your old 401(k) in there somewhere, left behind at a job you're no longer with?

One huge benefit with an IRA is you get to choose how your money is invested, not your old employer. 

If you want to consolidate your old 401(k) and have more options with how you invest, it may be time to roll them over into an IRA.  

With Capitalize, they handle the process from start-to-finish – for FREE. They handle the process from start-to-finish, and yes that includes calling the 401(k) provider on your behalf. 

Find out how and get started today!

Support the Podcast!

Thank you so much for listening to the podcast!

• Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
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• Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!