All Forum Posts by: Julian Joseph

@Zack P. 

Man, clearing this in 2 years sounds so craaazy Zach!! And I am not saying its impossible! 

Telling someone in their 20s to spend 50K a year towards something IS NOT EASY lol. I still want to enjoy time or spontaneous adventures, I'm young!! 

I would really have to get my mindset together to pull off something like this. My support system would have to be incredible man. I am trying not to make excuses though. I will try to get it down as much as possible in the next 2 years. That will be my GOAL!!

I have no family of my own, no gf. I live under my parents and I am obtaining about 70K in income. I have a lease on my car (emergency situation after previous car totaled) ..Getting this debt down to 20-30K in 2 years is probably more obtainable in my mind.... I have a 2nd job but I need a better 2nd job if I want to clear this thing in 2 years while not hating myself.

Thanks Zach!! Tough road. But tough times don't last, tough people do.

@Caleb Heimsoth WOW, that number is incredible. Do you know how much he was making in income that year?

 This is also another option. To be aggressive for another year or two AND then save on cash reserve. This is probably what I would want to do as I am in the learning phase. If I am truly aggressive I can pay down about 20-25K a year. So close to 50K in 2 years?

@Redgy Saint-Germain Yes, TIME IS HUGE, thank you I will figure this out!! 

I am not sure why Wholesaling frightens me a little, but I just need to read more on it, as I know it is something I don't need money for!!

@Benjamin O'Brien Thanks man, time for sure is something I can't get back. And who knows where I'll be in 5 years, I have no family of my own right now, and no Girlfriend. I think this would be a great time to save more cash reserve vs putting it all to my student loans right now. You're right, it would be about 7 years until I could even begin if I continue my current route.

I can save NOW, then INVEST in a year or two, and figure things out along the way. Acquiring a home and waiting for it to value is something I thought about as well, then I would have several avenues I could pursue afterwards.

Right now I have a 10 year plan on my loans which are requiring me to pay $1200/month. I would have to refinance to bring that monthly cost lower as a strategy for more cash reserve.

Thank you, I'm gonna do some numbers and reading. I will have a plan!

 Yes, much time will be on my hands now to dive into books and forums. Thank you for the wise words!!

@Victoria Hartcorn 30K in less than a year that is amazing!! I have been living frugally the last couple of months, and I believe 100% to Sprint while I can. I truly do not want to waste 5 years paying debt before investing in a property. I am currently under my folks roof, so I'm rent free. This would be a great opportunity now I think to pay less towards my loan for more cash reserve now for quickest route to begin investing. 

@Milad Awadallah Oh really? Won't hurt to look into that too then! 

I don't live far from Orlando at all. I have spent some time in South Florida as well, that as well being a destination area. Are there possibilities of establishing listing within hotels without owning?? This is interesting.

@Thomas S. @Caleb Heimsoth Thanks to the both of you, truly. I should use this to test my discipline, it will work out way better in the long run.

Yes, of course. Figuring all of that out will be personal preference for my situation for sure @Edward B.

Right now my Interest is 4.6% on my student loans and I'm being pretty aggressive towards it. I would definitely look into as much as I can, I know nothing is extremely easy, otherwise the world would be doing it.

Looking into lending, borrowing, and investing will for sure be where i begin