POM031: Paying off $47,000+ of Debt in 10 months with Devon Horace


In this episode, Devon Horace explains the steps and methods he used to pay off $47,238.38 of debt in 10 months. Join us as we discuss:

  • a four step method to eliminate debt
  • specific debt elimination strategies
  • increasing income to put more money towards debt
  • his most critical financial literacy tool

 

Devon Horace

Devon Horace was born in Rochester, NY 1 of 8 siblings in a single parent household. In 2015 he graduated from St. Joseph’s College Brooklyn, NY in Psychology, with a focus in Human Behavior and Cognitive Psychology. In May of 2017, he paid off $37,238.38 in student loan debt, and one month later, saved $10,000. When he isn’t traveling opening stores and conducting brand activations, he spends his time reading financial and business literature, browsing YouTube, volunteering and meeting with small business owners and social media influencers.

 

Devon recently started his own consulting firm, Horace Consulting, LLC to help other young professionals through their financial journey and become more financially literate. Also provides marketing strategies for brands.

 

Resources Mentioned:

 

Mint – budgeting and budget monitoring app

Letgo – app that allows you to sell and purchase items in your area

Facebook Marketplace – app connected to Facebook that allows you to sell and purchase items in your area

The Richest Man in Babylon – personal finance book by George Clason

Rich Dad Poor Dad – personal finance book by Robert Kiyosaki

Think and Grow Rich  – personal finance book by Napoleon Hill

 

Contact Devon Horace

email: devon@consultinghorace.com

YouTube Channel: Devon Horace

Instagram: d.horace

Twitter: D__Horace 

 

Thanks for listening:

If you have any comments or questions about this episode, leave a comment below. If you liked what you heard subscribe on iTunes and rate it. This helps the podcast show up for others.

About Dr. Maria James

Dr. James, The Money Scientist, has expertise with designing income management, debt management, and wealth strategies to help you live your best life. She is the founder of Pocket of Money, LLC and the creator of The Wealth Protocol™. Dr. James has also been a guest financial expert on ESSENCE, WEAA, Madame Noire and more.

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