When you’re trying to make headway on your student debt, the advice you read almost always centers around cutting back costs. The logic makes sense; cut out your lattés and pay more on your loans. But the reality is, we’re limited in how much we can cut — but unlimited in what we can earn.
For many people, starting a side business is a great way to earn more. Call it a side hustle, freelancing, or whatever, but it can reap faster rewards than saving money by eating ramen-noodle dinners. And an online business (instead of trading time for money, like driving Uber) is an attractive option.
If this seems daunting or out of reach to you, read this great new GrowthLab guest blog post for how one woman knocked out a $77,000 student loan in 18 months.