side hustle Archives - Page 3 of 5 - Student Debt Diaries

Having Fun While Paying Off Student Loans

December 31, 2018January 6, 2019 Jordan RothmanRepayment Strategies, Saving Money

Paying off student loans requires a lot of sacrifice. As mentioned at length on this website, everyone hoping to pay off student loans early must typically cut expenses so that additional cash can be devoted to student debt. In addition, folks hoping to be free from student loans should also make extra money by working side-hustles. After reading all of the articles on this website, it might seem like having fun while paying off student… Continue Reading Having Fun While Paying Off Student Loans

Buying a Home Is Not Worth It in Many Situations

December 3, 2018 Jordan RothmanRepayment Strategies, Saving Money

During my student debt repayment saga, completely paying off my student loans was my number one financial goal. I wholeheartedly devoted myself toward my objective of paying off student loans, and I used a number of strategies to save money and earn extra cash so that additional funds could be devoted to this goal. Once I was finally done paying off my student loans, my biggest financial goal was purchasing a home of my own. … Continue Reading Buying a Home Is Not Worth It in Many Situations

A Dollar Saved Is Better Than a Dollar Earned

October 15, 2018 Jordan RothmanSaving Money

We have all probably heard the expression “a dollar is saved is a dollar earned” at one point or another during our lifetimes. And it is true that if you spend less money on unnecessary things, you will have more cash to devote to paying off student debt or achieving other life goals. Although saving money is an extremely important part of repaying student debt, many readers of this website are more interested in earning… Continue Reading A Dollar Saved Is Better Than a Dollar Earned

Be Financially Responsible After Paying Off Student Loans

September 17, 2018 Jordan RothmanSaving Money

Be Financially Responsible After Paying Off Loans

While repaying student loans, it is easy to think that paying off student debt will cure most of your financial problems. Indeed, many student loan borrowers devote a large amount of their incomes each month to student loans, and directing these funds to other purposes can improve one’s life. However, there are many reasons why you should be financially responsible after paying off loans, and continue to live a frugal lifestyle even when you no… Continue Reading Be Financially Responsible After Paying Off Student Loans

Blogging to Help Pay Off Student Loans

September 10, 2018 Jordan RothmanEarning Extra Money, Student Loan Repayment Guide

This website has already discussed most of the side-hustles I worked to earn extra money during my student debt repayment saga. As teased out in several prior articles, I earned roughly $120,000 over about three years from five different part-time gigs. I did not begin blogging about student loans until after I completely paid off my student debt, since I wanted to have a complete understanding of the student loan experience before I published articles… Continue Reading Blogging to Help Pay Off Student Loans

The Benefits of Working a Part-Time Job During Medical School

August 9, 2018March 11, 2022 Adam RothmanEarning Extra Money, Guest Articles

Medical school is not easy. I should know, I’ve been through it. As a medical student, you need to endure countless mundane lectures, deal with tedious study groups, and basically learn an entirely new language (medical terms number in the several thousands). All throughout, you are forced to compete against the brightest of the bright for future job opportunities. These burdens are of course separate from any issues you may face while working a part-time… Continue Reading The Benefits of Working a Part-Time Job During Medical School

Dealing with the Bankruptcy of a Student Loan Cosigner

May 17, 2018March 11, 2022 Adam RothmanGuest Articles, Repayment Strategies

In a previous article, I delved into the issues that can arise when a student loan cosigner dies, and how to best deal with any problems that may result. This time around, I will talk about a rarer, though sometimes more problematic dilemma: what to do when a cosigner declares bankruptcy. While renegotiating the terms of the student loan may still be an option, the worst case scenario (an automatic default) is what commonly occurs.… Continue Reading Dealing with the Bankruptcy of a Student Loan Cosigner

How to Pay Off Student Loans Without Alienating Friends

March 19, 2018 Jordan RothmanRepayment Strategies, Student Loan Repayment Guide

This website has already discussed how paying off student loans can strain personal relationships. And it is true that student loans can limit the amount of resources one has to socialize with friends. In addition, even talking about student loans with friends and acquaintances can alienate people, since student debt is one of those sensitive topics that can create tension. As I previously mentioned, during my student debt repayment saga, I was absolutely obsessed with… Continue Reading How to Pay Off Student Loans Without Alienating Friends

How to Decide If You Should Invest Available Money or Pay Off Student Loans Early

March 12, 2018 Jordan RothmanRepayment Strategies, Student Loan Repayment Guide

Invest Free Money or Pay Off Student Loans

This website has already discussed certain situations in which it does not make sense to pay off student loans early. In addition, the website has also explained how sometimes it is not wise to pay off student loans even though you may have money available to devote to student debt. Of course, if you can make more money investing cash than the interest that would be offset from paying off student loans early, it is… Continue Reading How to Decide If You Should Invest Available Money or Pay Off Student Loans Early

How to Maximize the Tax Benefits of Paying Off Student Loans

March 5, 2018March 5, 2018 Jordan RothmanRepayment Strategies, Student Loan Repayment Guide

This website has already discussed some of the tax implications of working side-hustles to pay off student loans. Of course, it is inevitable that the “tax man” will take much of the cash you make from part-time gigs, even though you devote this money to student debt. However, there are a few tax benefits to paying off student loans. It is important to keep these tax considerations in mind while paying off student debt, since… Continue Reading How to Maximize the Tax Benefits of Paying Off Student Loans