How a nurse earning $200K paid off nearly $1 million in debt in under 3 years
By
@cnbc.com
Not artisan, but a perfectly fine bagel. Hits the spot.
Summary
Naseema McElroy, a 44-year-old labor and delivery nurse in the San Francisco Bay Area, earned over $200,000 annually but was burdened with nearly $1 million in total debt including a mortgage, student loans, a condo loan, and a retirement account loan. Between 2015 and 2017, she aggressively paid off all her debt through disciplined budgeting, side hustles, and a major mindset shift. Now debt-free, she is focused on saving aggressively for financial freedom.
Key quotes
· 3 pulledMy relationship with money shifted drastically
I was making more than $200,000 as a labor and delivery nurse, owned a Lexus SUV and had just bought a brand-new house
In addition to her nearly $580,000 mortgage, she owed about $185,000 in student loans, $70,000 on a condo she had previously purchased and $22,000 on a 403(b) retirement account loan
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