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Relationship Discussion (non-explicit)
Reply to "Spendthrift DH"
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[quote=Anonymous][quote=dcguy]I am curious as to how you paid off $200K in student debt in three years by age 26. Assuming you live in Virginia, it take pre-tax earnings of $165K per year to net $100K. That's before healthcare insurance costs, retirement savings, or any living expenditures at all (food, mortgage/rent, utilities, car). Let's say it takes $3,000 per month for all expenses. That leaves you with $64K per year for debt paydown = $200K in just over three years. But how many 22/23 year old make $165/ year coming out of college???[/quote] $3k/mo is a lot of money. It's amazing how little you spend if you have a roommate, live in a tiny place, and go without the typical crap most Americans must have (cell phone, vacations, eating out, new clothes, manicures, etc). [/quote]
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