In this Investors Therapy session, Jordan Thibodeau speaks with Melanie Lockert to learn how she crushed $81,000 in student loans and liberated herself from the emotional pain of debt.
In this talk, you’ll learn about:
- What money baggage is and how to minimize it
- How to stop moralizing your money
- Several better things to focus on than debt
- How to develop better relationships with a busy schedule
- What debt fatigue is and how to protect against it
- What spending triggers are and how to be mindful of them
- How to remain frugal around your friends
- How to earn a larger income
- How to get started freelancing or working a side hustle
- What Lola events are and how to build personal equity
Melanie Lockert’s Book Recommendations:
Notes from the Talk:
2:00: About Melanie
3:42: About Melanie’s blog “Dear Debt”
4:19: Did you talk to any counselors about loan debt before starting your master’s program?
5:47: What is money baggage?
9:22: How do you stop moralizing your money?
12:26: What should we focus on instead of our net worth and debt?
14:00: What can busy people do to find the time to develop better relationships?
17:00: Saying “thank you,” “I love you,” and “I’m proud of you”
18:16: Saving “thank you” notes
18:52 What else should we focus on instead of our net worth and debt?
20:20: What is debt fatigue?
23:14: How do you tie your spending to your future self?
24:03: What did you have to learn to live without?
25:45: What are spending triggers?
30:27: How do you become more frugal with your friends?
33:25: What can I do to increase my income?
37:09: How do you turn private equity into something scalable?
41:12: What’s the hardest part of getting started working on your private equity?
44:03: When you first started out, how did you set up contracts for payment?
44:43: How did you first get involved with Lola and supporting women’s finance?
48:58: When is the next Lola event?
49:19: What is one book you’ve read that has made you a better investor? “Get Money” by Kristin Wong
50:03: What is one book you’ve read that made you a better thinker? “Mindfulness: An Eight Week Plan for Finding Peace in a Frantic World” by Mark Williams and Danny Penman
51:56: Bird’s Eye View
53:00: What is one book you’ve read that has made you a better person? “Tiny Beautiful Things” by Cheryl Strayed
Silicon Valley Investors Club (SVIC) is a community of tech employees who are interested in making smarter financial and career decisions. Our private group page provides SVIC members with a moderated space to engage in rich discussions about investment topics such as real estate, stocks, angel investing, private equity, financial planning, career success, and more, as well as to participate in exclusive Q&A sessions with special guest experts.