How I Went From $45k In Student Loan Debt To A $30k Net Worth In 3 Years

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  • เผยแพร่เมื่อ 24 ธ.ค. 2024

ความคิดเห็น • 68

  • @stephandden
    @stephandden  3 ปีที่แล้ว +41

    Sometimes I'm bad at celebrating, but a $75,000+ swing in three years is pretty exciting. What are you excited about re: your money lately? ⬇️

    • @stephicool
      @stephicool 3 ปีที่แล้ว +8

      My emergency fund is 70% funded! Can't wait to fully fund it and move on to more investing. I also have the same emergency fund goal as you.

    • @bianca5375
      @bianca5375 3 ปีที่แล้ว +4

      After graduating this past spring, I was able to pay down nearly half of my student loan over the summer! My goal is to pay it all off by next March and take advantage of the current freeze on student loan interest. I'm excited to be done with it, and then start moving that same amount of money towards my investments instead of debt payments.

    • @stephandden
      @stephandden  3 ปีที่แล้ว +1

      @@stephicool Amazing, congrats on that! 😊

    • @stephandden
      @stephandden  3 ปีที่แล้ว +1

      ​@@bianca5375 Woo that's so great, Bianca!! You've got this 🙌🏾🙌🏻

    • @johnnm3207
      @johnnm3207 3 ปีที่แล้ว

      glad you made it... shout out from the 254

  • @mariegagnon7409
    @mariegagnon7409 3 ปีที่แล้ว +18

    Congrats on 30K 🙌🏻 It’s amazing for someone your age !

    • @stephandden
      @stephandden  3 ปีที่แล้ว +1

      Thanks so much, Marie! 😊

  • @jaafcan
    @jaafcan 3 ปีที่แล้ว +13

    To have a positive net worth of what you have at your age given your journey, I'd say that's a solid achievement. Keep it going man. Proud of ya. 👊🏿

    • @stephandden
      @stephandden  3 ปีที่แล้ว +1

      Thanks so much man 🙌🏾

  • @deborahlee7975
    @deborahlee7975 3 ปีที่แล้ว +17

    “that might not sound too crazy” - it sounds fantastic to me!! 👏

    • @stephandden
      @stephandden  3 ปีที่แล้ว

      Thanks Deborah! 😊

  • @adventurousbec
    @adventurousbec 3 ปีที่แล้ว +7

    Hard work & diligence, kudos Den!!

    • @stephandden
      @stephandden  3 ปีที่แล้ว +1

      Thanks Rebecca! 😊

  • @ginger1011121314
    @ginger1011121314 3 ปีที่แล้ว +1

    Thank you for sharing your experience! This is so refreshing to hear a normal person talk about their debt journey in real time. Appreciate the Canadian context too as most of the other finance Channels are overwhelmingly American. It can be difficult watching other people around you being able to just start their careers without student debt. Thanks for showing that it’s actually possible :D

    • @stephandden
      @stephandden  3 ปีที่แล้ว

      Thanks so much Dane - I appreciate that! 🙏🏾

  • @ivannightly1919
    @ivannightly1919 ปีที่แล้ว

    Way to go, dont let the amount get you down your ahead. A great achievement you got no place to go but up. As to the others who go from dept to millions most are fake you walked the best line

  • @stephisticated1
    @stephisticated1 3 ปีที่แล้ว +3

    Yay Dennis! So proud of you!

  • @NatashaAnita14
    @NatashaAnita14 3 ปีที่แล้ว +3

    Ayy you took your life from negative to positive [Pitbull voice]
    Congrats!!! Excited for your money journey ahead :D

    • @stephandden
      @stephandden  3 ปีที่แล้ว +1

      Hahaha love it - thanks Natasha! 😊

  • @sassyandawesome3838
    @sassyandawesome3838 3 ปีที่แล้ว +1

    Congrats on all your progress and success so far. Wish you more to come!!

    • @stephandden
      @stephandden  3 ปีที่แล้ว +1

      Thank you! 🎉🎉

  • @adventurousbec
    @adventurousbec 3 ปีที่แล้ว +7

    Celebrating that I'm on track to have made the most money in my life this year and thus contributing the most to savings/investments.

    • @stephandden
      @stephandden  3 ปีที่แล้ว

      Amazing 🎉🎉 congrats Rebecca!

  • @briannamahario119
    @briannamahario119 3 ปีที่แล้ว +2

    This video came right on time! 🙌🏽

    • @stephandden
      @stephandden  3 ปีที่แล้ว +1

      🙌🏾🙌🏾 love to hear that!

  • @TheSuperHeroOfLove
    @TheSuperHeroOfLove 3 ปีที่แล้ว +7

    Good Job Brother! Really proud of You and Steph!
    Keep on Shining bright Both of You! Love ya both a ton! ❤ ❤ ❤

    • @stephandden
      @stephandden  3 ปีที่แล้ว +2

      Thanks so much Andray 🙌🏾

    • @TheSuperHeroOfLove
      @TheSuperHeroOfLove 3 ปีที่แล้ว +1

      @@stephandden Will always support you both with lots of Love and Light!
      Love your content hope you both know that! ❤❤❤❤

  • @paulvitella9655
    @paulvitella9655 3 ปีที่แล้ว

    crushin it Den!

    • @stephandden
      @stephandden  3 ปีที่แล้ว

      Thanks Paul! 🙏🏾

  • @leahmary1
    @leahmary1 3 ปีที่แล้ว

    Love to see this!

  • @niloofarzarif7225
    @niloofarzarif7225 3 ปีที่แล้ว

    This question may be to some degree personal so feel totally free to ignore it: Now that your income has increased and you have no debt, have you considered increasing your spending? For example, moving to a bigger place maybe somewhere with a dedicated WFH room/den, or getting a car that can help you get around easier and be able to explore the country. At the first glance, these may seem like splurging which means it'll take you longer to be able to afford a house. But the thing is that thoughtful spending can increase life quality and that is important too. For example, having a better WFH space can increase your performance and even help you get a promotion sooner.
    In the end, how do you make the decision on where should the balance between saving and spending to have a higher quality of life be?

    • @stephandden
      @stephandden  3 ปีที่แล้ว +1

      That would be called lifestyle creep, ha! It depends on the person of course, but in my case buying a car wouldn't improve my quality of life - nor would moving into a different space. We may move eventually, but there's no need to rush into spending more. I didn't aim to pay off my debt quickly so I could start buying more things - I wanted it paid off so I could start investing, saving and growing my business so myself and my family could have a strong future. Having fun and living life doesn't have to = spending money (some people who spend a lot and have a lot of things could be the most miserable and stressed, you don't know solely by the items they have). Thanks for watching. 😊

  • @Bekham15
    @Bekham15 3 ปีที่แล้ว +2

    Did you apply for scholarships and bursaries while a student?
    Those 2 things have been really been helping manage my student debt.

    • @stephandden
      @stephandden  3 ปีที่แล้ว +3

      Yes, I did! Great tip 😊

  • @EmilyIlett
    @EmilyIlett 3 ปีที่แล้ว

    This is incredible!!! 👏

  • @kemeishawoolcock8857
    @kemeishawoolcock8857 3 ปีที่แล้ว

    I really love the contents you both drop ❤...keep them coming wil always support .congratulations

    • @stephandden
      @stephandden  3 ปีที่แล้ว

      Thanks so much 🙏🏾🙏🏻

  • @nomansland8500
    @nomansland8500 3 ปีที่แล้ว

    Do you provide consultant Services?

  • @MarkusInTheMixNow
    @MarkusInTheMixNow 3 ปีที่แล้ว +1

    Man i RARELY hear accomplishments like this, especially from somebody in their 20s! I'm feeling very jealous right now, LOL. Congrats bro.

    • @stephandden
      @stephandden  3 ปีที่แล้ว

      Thanks so much, man 🙏🏾 I really appreciate it!

  • @stephanietyaneadeleye
    @stephanietyaneadeleye 3 ปีที่แล้ว

    Amazinggg

    • @stephandden
      @stephandden  3 ปีที่แล้ว

      Thanks Stephanie 😊

  • @Mr24DJLakers
    @Mr24DJLakers 3 ปีที่แล้ว +5

    Teeth Brighter than my future

  • @RedInkTV
    @RedInkTV 3 ปีที่แล้ว

    Old couch? So how far in advance do you film your videos? 😮👀

    • @stephandden
      @stephandden  3 ปีที่แล้ว +1

      I know it feels so weird to see it now! Normally we only film 2-3 videos ahead, but we really wanted to put the new couch video content up so this one got pushed back a few weeks. 😊

  • @rebeccam2
    @rebeccam2 3 ปีที่แล้ว

    Bruh we have the same story! Everything is pretty well the same for me! I just need a partner on the same page as me to achieve these goals more quickly!

    • @stephandden
      @stephandden  3 ปีที่แล้ว +1

      Love it! You've got this partner or not 🙌🏾

  • @k033as9
    @k033as9 3 ปีที่แล้ว +1

    how much will you have in 2025 ( in 3years) ?

    • @stephandden
      @stephandden  3 ปีที่แล้ว +2

      You'll have to stay tuned to find out 👀 ha!

  • @woodlandrunner
    @woodlandrunner 3 ปีที่แล้ว +1

    Would you have done things differently if you had known interest rates would be this low now? If your student loan is at prime, and you can get about 6% returns on your investments in the long run, why not take the longest repayment plan possible? I get the appeal of that debt-free feeling but the low rates also look like a big opportunity to get ahead.

  • @ShihabPersonalFinance
    @ShihabPersonalFinance 3 ปีที่แล้ว +1

    Expensive glasses

    • @stephandden
      @stephandden  3 ปีที่แล้ว +1

      Not that expensive - but stylish! Mine were $150, but you can find a lot of great prices online!