Mandy Velez is a journalist living here in New York City, and she was just able to pay off her $102,000 of student loan debt.
That’s an absolutely incredible feat, but to pay down such a frighteningly high sum at just 27-years-old?
I’m blown away, and honestly, Mandy is my hero (she’s about to be yours too).
Mandy took to Instagram to share a funeral for her student loans, right in the graveyard of Trinity Church. She also shared with us exactly how she made this happen.
Instagram; Mandy holds up silver balloons saying 102k, which is the staggering amount she paid off in student loans
This girl hustled her butt off and prioritized her payments. She worked several different jobs to make extra money.
She walked dogs no matter what the weather was like. She pulled 24 hours awake to make money as a TV show extra. She budgeted her food.
Mandy posted on Instagram, “DING DONG MY LOANS ARE DEAD💀 It is with immense pleasure that I announce the death of my student loans. On August 2, 2019, after 6 years, I finally killed them. It was a slow death but was worth every bit of the fight. Let me tell you about my journey: It began in 2013, when I graduated with a total of 75K in student loans. I moved to New York, but I made sure to pay more than the minimums, which totaled to $1K a month.”
She goes on to say, “It was like another rent. I took jobs not based on what I really wanted but what could help me survive. I did this for five years straight. Even after a lay-off during this journey, I hustled like hell and never missed a payment. It was more than most people can do, and I, a single, childless, able-bodied woman consider myself lucky. But still, I carried this burden alone. I never asked for or received help. No one ever paid my bills.”
“Then last fall, something in me broke. Maybe it was feeling like my life was on hold, but I just remember thinking I was DONE. I didn’t want to owe anyone anything more. I wanted to start saving for my future. A house. Kids. A life. So I made a decision—I’d become debt-free by 30. I’m proud to say I accomplished my goal 2 years early. In fact, I killed that last 32K in EIGHT months.”
“I cut my budget and lived off of less than a third of my monthly salary. (Turns out, packing lunches and not taking Ubers can save you a ton.) I worked my ass off at work and asked for raises, and got them. I worked three jobs at once, my day job and then side hustles. I walked dogs until my feet literally bled. In the cold. In the rain. In the heat.”
“Nothing was beneath me. I babysat. I cat sat. I stayed up for 24 hours straight to make a few hundred bucks as a TV extra on shows they filmed overnight. I cut my food budget down to merely salad, eggs, chicken and rice. I said “no”—my God I said no—to making memories with my family and friends and prayed there would be other opportunities in the future. Was it easy? No. Worth it? I’m smiling in a cemetery. 102K lifted from my back. You tell me. ”
Bre is a female millennial go getter residing in New York. One part entrepreneur, one part geek, she obtained her degree in Textile/Surface Design from The Fashion Institute of Technology.
She has held some exciting roles in both fashion as a designer working for brands like Victoria’s Secret and Henri Bendel, as well as in ad tech working for publishers like Ziff Davis.
Today she operates Chip Chick Media which reaches millions of women each month.
Bre is passionate about teaching women how to build a business and be an entrepreneur, in addition to keeping her readers informed of the latest technology trends and exciting products to improve their lifestyles.
You can send Bre a message here.