Today’s guest is just 26 years old. She graduated from college in 2011 with a degree in journalism and a burning desire to become debt free as soon as possible. And even though her $28,000 loan was not particularly high by today’s standards (some students graduate with hundreds of thousands of debt), to pay it off on the starting salary of a journalist of only $28,000 a year (about half an average starting salary) would challenge anyone. But she was determined… and as a result, managed to do erase her debt in 3 years! Her story went viral… and she was featured in Time Magazine and other major news outlets, which inspired her to dedicate her spare time – when she’s not busy with her “day job” doing PR and marketing for a non-profit – to speak and write about her experience so other young adults can do the same. Her name is Zina Kumok.
Three takeaways from our interview:
- What made it possible for her to pay off her debt in 3 years
- Her financial philosophy and money rituals
- How her early memories of growing up in a family of immigrants from Russia shaped her financial attitude as an adult
One of my favorite quotes from the interview: “Money spent well can make you happy, but spent poorly won’t.” – Click to Tweet