US TECHIE PAYS OFF $50,000 IN STUDENT LOANS BY DOUBLE DIPPING | HERE'S HOW

In a revealing insight into the financial strategies of young professionals, a millennial techie, based in Arizona, shared his journey of significantly boosting his income and slashing his student debt within just a year. Initially earning an annual salary of $85,000 (approximately Rs 70 lakh), Adam faced a daunting $118,000 (around Rs 98 lakh) in student loans. However, by the year's end, he remarkably doubled his income to over $170,000 (about Rs 1 crore).

His breakthrough came from an unconventional source, a YouTube video suggesting the feasibility of managing multiple remote jobs simultaneously. "I immediately knew that I could do this," the millennial techie, told Business Insider.

The techie’s job hunt took an unexpected turn when a recruiter spotted him on LinkedIn for a role that matched his skills. "A recruiter contacted me on LinkedIn about a role that I seemed qualified for based on my profile," he said. Within two weeks, he had applied, gone through two interviews, and secured the position.

This strategic move was not just about income, it was a balancing act that allowed him to not only make a significant deduction in his student loans, reducing them by Rs 42 lakh, but also to save enough to create a four-month emergency fund and support friends financially. Despite the workload, which varied between 30 and 60 hours a week, the techie found this dual employment sustainable.

The techie’s experience offers valuable lessons for professionals considering similar paths. He emphasised the importance of calendar synchronisation to manage commitments across jobs without conflicts. Moreover, he advises against overburdening oneself. "Spread your work out and find a balance between being efficient and quick," he suggests, cautioning against the urge to take on too much work.

2024-04-08T09:18:50Z dg43tfdfdgfd