Overcoming Crushing Student Loan Debt

By Jordan

In This Article:
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    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.

    Melanie is the founder of the blog Dear Debt and the author of the book Dear Debt: A Story About Breaking Up With 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

    Watch Investors Therapy Session #3 with Melanie Lockert

    Melanie Lockert’s Book Recommendations:

    Get Money by Kristin Wong

    Mindfulness: An Eight Week Plan for Finding Peace in a Frantic World by Mark Williams and Danny Penman

    Tiny Beautiful Things by Cheryl Strayed

    Dear Debt: A Story About Breaking Up With Debt by Melanie Lockert

    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

    53:50: Conclusion

    Related Links:

    Investors Therapy Session #2

    Melanie Lockert’s blog “Dear Debt”

    Melanie Lockert’s book: Dear Debt: A Story About Breaking Up With Debt

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