Big thank you to the podcast partners for making this episode possible
PPI: https://www.luisfelipeduque.com/PPI2Pass
Get 15% discounts on all of their products
Check out my NEW PE Exam Guide. It will help you prepare for the exam without sacrificing your life. From science-based study techniques to a study plan, you will have everything you need to pass the PE Exam.
Learn more about the Ultimate PE Exam Study Guide: Learn Better and Faster
Student loans. Credit card balances. Car loans. There are many different types of consumer debt you can easily get into. But this episode is all about how you can get rid of them…faster than you think.
Today, Nicolai Oliden from Engineering YOU shares his own personal finance story to pay off $149k worth of debt — and that didn't even include his house.
As with most young professionals fresh out of school, he lived a lifestyle he couldn't afford just to “keep up the joneses.” He opened lots of credit cards, went one trips he couldn't afford, bought things he didn't have money for.
The consequence? He piled up more $140k in consumer debt to a point where more than half of his monthly income was already committed.
After realizing the problem, he took a personal finance class and everything changed. He learned the basics of personal finance and a simple, but effective, method that gets you paying off your debts faster than you think is possible. And you’ll find all of this in this episode.
What you will learn:
- Nicolai's personal finance story to pay off $149k in 40 months — and how you can too!
- Money mistakes he made early on in his career and life that you should avoid
- Why personal finance is much more about behavior than mathematics
- What the Snowball Method is and how it helps you become debt-free fast
- The mindset you should have when attacking your debt
- What happens after you're finally debt-free?
- Is your car loan really "good debt"?
My favorite tech and podcast gear // 
My favorite Books // 
Check the Engineer Gift Guide // 
Sign up to my weekly email newsletter // 
My website & blog // 
Instagram // 
Twitter // 
LinkedIn // 
Facebook // 
YouTube // 
