Episode 370: Paying Off $102K of Student Loans & Buying a House in NYC on a Teacher’s Salary w/ Melissa Jean-Baptiste

Journey To Launch

Jamila Souffrant

Finances, Business, Realestateinvesting, Entrepreneurship, Earlyretirement, Investing, Budgeting, Wealth

5 • 1.7K Ratings

🗓️ 17 April 2024

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Melissa Jean-Baptiste, financial educator and author of "So This Is Why I'm Broke” is a first-generation Haitian American and former NYC high school teacher. Melissa joins us this week to recount her journey of paying off $102,000 in student loans and buying her first home, all on a teacher's salary. As the founder of Millennial In Debt, she creates a shame-free digital platform dedicated to helping Millennials and Gen Z restructure their relationships with money, obtain financial freedom, build generational wealth and become future millionaires.

In this episode, we discuss:

How Melissa’s student loans grew from graduating with $50K owed to $80K in 3 years due to an interest-only payment plan she didn't fully understand and how she successfully paid it all off in 2018 through selling her teaching lesson plans as a side hustle.
Her venture into homeownership and the challenges encountered during the home buying process. Melissa underlines the importance of obtaining an independent home inspection alongside the bank's appraisal.
How she transitioned from teaching to dedicating herself entirely to content creation and entrepreneurship within her "zone of genius".
The significance of having a supportive community, both online and offline, to navigate significant life and career transitions effectively + much more!

Transcript

Click on a timestamp to play from that location

0:00.0	What level of discomfort are you willing to go through to achieve your goals, right?
0:09.0	And so when I look back at the time, I'm just like, okay, well okay well yeah you were able to do this in
0:13.4	five years and that's great and it is great and I love you know having my house and all
0:17.3	these things but I'm just like I missed out on some really important life
0:21.8	moments with my friends and family that can't be made up.
0:26.0	T-minous 10 seconds.
0:28.0	Welcome to the Journey to Launch Podcast with your host,
0:32.0	Janila Sufrant, as a money expert who wants her talk.
0:36.0	She helps brave journeys like you get out of debt, save, invest, and build real well.
0:42.0	Join her on the journey to launch to fight invest and
0:43.0	join her on the journey to launch to financial freedom in
0:46.0	five four three two one One. for this episode go to Journey to Launch.com or click the description of wherever
1:05.1	you're listening to this episode in the show notes you'll get the
1:08.7	transcribed version of the conversation the links that we mentioned, and so much more.
1:14.3	Also, whether you are an OG journeyer or brand new to the podcast, I've created a free jumpstart guide
1:20.8	to help you on your financial freedom journey.
1:23.4	It includes the top episodes to listen to, stages to go through to reach financial freedom,
1:28.0	resources, and so much more.
1:30.0	You can go to Journeyto Launch.com slash jumpstart to get your guide right now.
1:35.5	Okay let's hop into the episode.
1:37.7	Hey hey journeyers welcome to the Journey to Launch Podcast.
1:43.7	Today in the Rocket Seat seat, we have Melissa Jean-Paptis.
	...

Transcript will be available on the free plan in -349 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Jamila Souffrant, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Jamila Souffrant and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.