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The stress alone can make anyone believe its impossible tobecome wealthysimultaneously.
I owed $100,000 across five loans, which created significant financial and emotional stress.
Emotionally, it was draining and caused a lot of anxiety.
The financial burden was overwhelming, making saving and investing inmy early careerdifficult, he explained.
The constant stress of monthly payments and accumulating interest affected his mental health and decision-making.
Overcoming his debt requireddiscipline and persistence, but he said it ultimately paved the way for his financial success.
The experience taught me resilience and the importance of financial planning, Dubey said.
His monthly payments were crippling, often over $2,000 per month.
On top of the financial stress, he said the emotional stress of owing so much money was intense.
It felt like an insurmountable amount of debt that would take decades to pay off, Ham said.
To tackle this challenge, Ham created astrict budget and payment plan.
I paid off the highest interest rate loans first to minimize the amount of interest I owed.
He also took advantage of income-driven repayment plans and public service loan forgiveness programs.
The key is not letting the size of the debt overwhelm you.
Break it into manageable pieces, cut expenses, increase income, and chip away at it each month.
Stay focused on your long-term financial goals, and you might achieve them despite the student loan debt.
At the time, she was working atraveling sales jobthat was already stressful as a new graduate.
I could no longer make the loan payments and they went into collections.
No one educated me or had the perspective to share with me that I could negotiate the terms.
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