My Money Story: Natalie Bacon, – 90k In Student Loans Paid!

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Meet Natalie Bacon a blogger who writes about money, career, & lifestyle for young professional women and the creator of Today she's sharing her money story with us! Natalie had to take out loans to fund her entire undergrad and law school education and as a result, ended up graduating with $206k in student loan debt. She then she decided law was not for her! As of today, she's paid off over 90k of that debt, is focused on getting rid of the rest and is pursuing a new career to become a CFP. In her story, Natalie shares her enough is enough moment, her mindset and how she stays motivated! I hope you are inspired!


Instead of thinking "I can't have that." I think "how can I make more money and get that one day".

What was your "enough is enough" moment?

My "enough is enough" moment came with my career, not with money. With my career as a lawyer, I was working from 7 am until 10-11 pm at night on a regular basis. I knew I had to quit no matter what it took. I didn't want to be a lawyer. I had had enough.

With money, it was different. I was so shocked that I didn't know anything about money when I graduated law school with $206k in student loan debt. So, I started a journey learning everything I could about personal finance.

How much debt did you pay or have you paid off in total?

I've paid off about $90k in student loan debt so far! I put as much money per month as possible toward my loans every month. This depends on how much I make from my blog. I'm hoping to increase it even more in the future and repay the remaining debt in the next few years.


How do/did you keep yourself motivated?

I am constantly listening to podcasts, reading books, and staying active in masterminds. The best way I know how to stay motivated is to surround yourself with motivated people and to constantly learn. I have a growth mindset and learning is what keeps me motivated.

How do you manage the days where you just want to go out and spend money?

I don't come from a scarcity mindset, so if I want to go spend, I refocus my energy. Instead of thinking "I can't have that" I think "how can I make more money and get that one day". When I think about my online business, my thoughts about spending go away. I'm so excited to be doing something that I love. I know my "why" and my purpose, so material things aren't that important anymore.

What would be your money advice to your 21-year old self?

Don't go to law school.

What steps are you taking to ensure your debt freedom is permanent?

I don't struggle with getting into more debt. I just didn't know to get into student loan debt. I've never had a credit card because I'm not a spender, so the temptation is never there. Instead, I focus on growing my assets and building wealth. I don't feel tempted to get into debt at all.

Thanks so much for sharing your story Natalie!

You can learn more about Natalie at her website,

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