Finance Quicky Friday 2/28/2020

The power of 5

I recently refinanced my student loan to 5 years and less than a 5% fixed rate. Now all my debts are under 5% and I have a 5 year plan. Be debt free. But that’s not all.

I plan to pay off the loan in less than 5 years by paying over $500 a month (my rent isn’t even $500)!

In 5 years I could be over a positive $50k net worth (market fluctuations pending). 5 is such a powerful number lately it seems, and I’ve been able to build a 5 year debt free plan just by trying to pay my loan off early.