Chain of Wealth

E154 – Student Loan is Gone!

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Today’s episode is a bit different because we have a special occasion to celebrate. Katie’s student loan has been paid off! Yes, you heard it right! Listen about her journey and on what she’s really been trying to achieve.


[1:54] Let’s get to know Katie and her story
●    She is 30 years old now, teaches elementary and has always taught public school until she moved to Virginia
●    She was a typical college student in her 20’s, took a student loan and thought she’d be paying it for the rest of her life
●    Moved to Virginia in June 2017, has known Denis for over a year at that time

[7:4] How much did Katie have and owe back then?
●    Denis calculated everything and figured that Katie owed almost $200K
●    Katie was in so much debt not because of spending much on anything, but on not-so-great decisions with her car and student loans
●    Denis created a plan for Katie which started with selling her house, and was sold at 20% more
●    She got a Honda which costed more than a high-end BMW, and monthly repayment was $663 for 7 years

[12:59] How did you tackle your student loan?
●    Katie was teaching at a Title 1 school, where loan forgiveness was offered
●    Loan forgiveness application took 6 months; was eligible for $5K
●    Started freelancing and their podcast channel was mainly born out of this debt journey

[17:59] What exactly did you do?
●    Denis gave one condition for Katie to prioritize paying off her debts
●    All her salary was spent on paying her debt, and avoided shopping
●    Kept re-adjusting her goals, instead of quitting when not hitting them
●    She was earning $2400, but was short for $700-$800 on her monthly repayments
●    Did some side hustles like private tutoring, freelance editing, etc.

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Travis Hornsby is the chief student loan planner at He started started Student Loan Planner in October 2016 after helping his wife and her friends figure out their six figure student loans. Travis used to be a bond trader, so he took his excel heavy skill set and built models for how to save money paying back student debt.

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About the Podcast
Chain of Wealth

Chain of Wealth

The Chain of Wealth podcast is a biweekly podcast boasting over 500,000 downloads. We interview inspirational guests about money topics. You can learn more about us here.

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One Response

  1. This podcast was an adventure!!! Totally inspirational for anyone else who has debt and wants to be free!! I am so proud of you BOTH!!

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