W+M 028: An Interview with Taylor Milam
Taylor Milam is a writer, traveller and money enthusiast from San Diego, California. She is the founder of TheFreedomFromMoney.com where she helps women combine money and self-care to create a life they love. In this episode on the words and money podcast Taylor shares how she committed to paying off her student loans in less than a year by living on 50% of her income. Taylor gives some great advice and insight around how money is extremely personal and the choices we make with our money are our own and how we should avoid comparing our money choices to others. TWO lucky listeners can get Taylor's Abundance Journal for FREE.99! Click here to enter.
Listen to the show:
What we talk about:
Taylor's money awakening moment when her dad cut her off at age 20
How getting out of debt didn't necessarily bring Taylor "happiness" and a further discussion on Money=Happiness.
How to think about money so that money is always a winning game.
How to reach out for help when it comes to money.
Taylor answers my Quick and Dirty Q&A
Takeaway: Paying off Big Debt in Under a Year
Started out aiming for $1,000 per month.
Cut back on expenses as much as she comfortably could.
Ramped up her contributions by making extra money on the side through freelance writing.
Tapped into her personal networks for freelance opportunities
Reach out to the college and other schools you went to.
Lived on 50% of her income by:
Determined what she could and would not give up.
Couldn't budge on housing
Traded in her car for taking the bus, Uber, and biking