How I Paid Down $200,000 of Debt

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Subscribe to MONEY Magazine Are you a tactile learner? I’m more verbal myself, but I can certainly appreciate the clever hack that Joshua Holt came up with to pay off his law school debt. The New York City lawyer graduated with $192,000 in loans, which he symbolized with a paper chain in his apartment. Each link represented $1,000, and when he paid off that amount he clipped the link. A growing number of adults are bringing debt with them into retirement, and that can be a real threat to their financial security. It’s a hard problem to tackle, but Holt was able to pay off his debt in just seven years. Learn more about how in today’s edition. Best wishes, Elizabeth P.S. If you like this newsletter, please pass it on to a friend! And if you got it from a friend, sign up here for email delivery to make sure you don’t miss the next issue. TIMELY RETIREMENT NEWS, INSIGHTS AND ADVICE I Paid Off $202,000 in Debt in Seven Years Using These 4 Behavioral Psychology Tricks "I didn't want to rely on willpower to make my decisions on saving money." All the Major Retailers That Say They'll Have to Raise Prices Because of New Tariffs on China Plan to pay more for everyday items at these big stores. 6 Things You Should NEVER Buy at Costco, According to Superfans Back away from the muffins and milk. READER INSIGHTS I have an exciting announcement to make: we’re taking our Retire with Money community into the real world on October 23rd with our very first Retire with Money-LIVE! event at Money’s offices in New York City! We’ll mingle over breakfast, and then I’ll unveil my November cover story on preparing for a long retirement. We’ll also hear from two distinguished panelists -- New York City-based financial advisor Thomas Mingone and Professor Teresa Ghilarducci of The New School, a noted expert in retirement security -- with ample time for Q&A. Here are the details: What: Breakfast & Conversation at the first ever Retire with Money-LIVE! When: 9am-noon, Oct. 23, 2018 Where: Meredith (Money’s parent company) at 225 Liberty St., New York, NY in downtown Manhattan Cost: Free To attend, please RSVP here. https://goo.gl/forms/uGBuoTT7GKNHDjyM2 I can’t wait to meet you in person! RETIREMENT NEWS FROM AROUND THE WEB The Financial Planners Teaching Frugal Retirees to Live it Up It’s hard for many retirees to flip the switch from saving to spending. Here’s how financial planners are helping. BLOOMBERG BUSINESSWEEK How to Earn Five Times More on Your Savings Interest rates are rising, but you might not get the best deals by staying put. CONSIDERABLE 12 Key Phrases for the 60-Plus Traveler A little effort goes a long way when it comes to communicating your needs abroad. SIXTY + ME Why Nearly 4 in 10 People on Medicare Skip Their Doctor’s Visits Spoiler alert: it’s costs. Here’s how to try to mitigate them for next year. CNBC ABOUT ELIZABETH Elizabeth O'Brien is a senior writer at MONEY, covering retirement and health care. You can email her at elizabeth.o'brien@moneymail.com and follow her on Twitter at @elizobrien. To Unsubscribe You have received this e-mail because you are subscribed to this newsletter from MONEY.com. Unsubscribe here. Update Email Click here to update your email address. Privacy Policy Please read our Privacy Policy. MONEY may receive compensation for some links to products and services on this website. Offers may be subject to change without notice. For Further Communication Please email retirewithmoney@moneymail.com Money Customer Service 3000 University Center Drive Tampa, FL 33612-6408 Connect with Money Find Money on Facebook Follow Money on Twitter Subscribe to more MONEY and TIME Newsletters Get Money Magazine on your Mobile Device Get MONEY on your iPad Subscribe to RSS Feed Subscribe to MONEY Magazine