How to Pay off $80,000 in Student Loans in Three Years with a Simple Side Hustle: A Step-by-Step Guide
In a world where student loans can often feel like an insurmountable burden, one woman has found a unique and profitable way to pay off her debt. Kelsey Mikula, a 26-year-old college graduate, managed to pay off a staggering $80,000 in student loans in just three years through her side hustle of buying and reselling old clothes on platforms like eBay.
Mikula’s journey began after she graduated from Liberty University in Lynchburg, Virginia with a degree in zoology. Despite her education, she struggled to find work in her field, especially during the pandemic-ridden job market of 2020. Determined to take control of her financial situation, Mikula turned to the world of thrift stores and vintage clothing.
Prowling the aisles of Salvation Army, Goodwill, and other local thrift stores, Mikula honed her eye for vintage threads that would sell well online. She quickly realized that her knack for fashion could be turned into a profitable venture. Starting with a modest investment in purchasing clothes and shoes, she began reselling them on platforms like Poshmark, eBay, and Depop.
Mikula’s dedication and hard work paid off. Within three years, she had not only paid off her entire student loan debt but also managed to generate a monthly profit of $5,000. Her success was fueled by her ability to find hidden gems at thrift stores, such as a Christian Dior sweater she bought for $10 and resold for a $700 profit or a pair of Chanel shoes she purchased for $20, earning her $200.
What sets Mikula apart from other resellers is her mindset. She sees her side hustle as a means to an end rather than an opportunity to accumulate material possessions. Her focus on the paycheck rather than getting attached to her fabulous finds has allowed her to remain motivated and continue growing her business.
With her student loans paid off, Mikula made the bold decision to quit her day job and dedicate herself full-time to her resale business. The freedom and flexibility this job provides are invaluable to her. She can work when she wants and be her own boss, a luxury not many people have.
Mikula’s success story goes beyond financial freedom. She was able to purchase her dream car, a Ford Explorer, and now has her sights set on buying her own house. Her determination and resourcefulness serve as an inspiration for anyone burdened by student loan debt or seeking financial independence.
In a world where finding employment in one’s field of study can be challenging, Mikula’s story is a reminder that there are alternative paths to success. By leveraging her passion for fashion and an eye for valuable items, she was able to turn a simple side hustle into a lucrative business venture.
So, the next time you find yourself in a thrift store, take a moment to consider the hidden treasures that might be waiting for you. You never know when you might stumble upon an opportunity to pay off your student loans and create a life of financial freedom.
