• Nick Henderson

Why I’m determined to pay off all my debt

Updated: Sep 14

“The rich rule over the poor, and the borrower is slave to the lender.” - Proverbs 22:7


Upon graduating from college in 2018, I had accumulated a $34K student loan debt. My minimum monthly payment was $432.


Pretty difficult to jump into the real world with a massive loan amount tied around your neck.


But, over the last year or so, I have been persistently paying down all my student loan debt.


I’ve stopped eating out, haven’t bought clothes, got on a strict budget and have even been doing some grocery deliveries for extra income.

As of right now, I’m so close to paying off all my loans. But, in all the efforts, I don’t talk much about why I’m so determined to get it done.

So, here’s the reason for all my financial ferocity:


Growing up, I was raised by a single mom In New Orleans. My dad unfortunately passed away when I was only seven and then only a couple years later, Hurricane Katrina flooded the city - our home included.


With no home to live in, we moved in with family in Florida. Leaving our flooded and gutted house in Louisiana.


In the coming months though, the Bank began calling about mortgage payments. Which, due to my mom losing her job in the transition, she was not able to pay those payments.

After a year or two of back and forth deliberation, the bank foreclosed on our house. Creating a significant credit problem for my mom.

This foreclosure stuck with my mom for the rest of her life.

She couldn’t finance a car so she had to drive around a beater.


Mortgage lenders wouldn’t approve her for a home loan, so we could only live in apartments.


She wanted so bad to provide us a normal lifestyle like the rest of my friends but never could because of her financial situation. It was painful to watch and it still hurts to think about.

Fast forward to today, I am bound and determined to clean up the mess I made regarding my student loans. Preventing any debt the ability to control or dictate my life.


Not just so I have a little money in my pocket, but so I can change my family tree in the realm of finances.


I will never again become a slave to any lender. Allowing debt to stop me from providing me or my future family the life everyone deserves: a life of freedom.

For those who have debt, don’t let those loans stick around. Dave Ramsey, the GOAT of destroying debt, says: You must gain control over your money, or the lack of it will control you forever.

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