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Achieve Financial Freedom: How Jade Warshaw Paid Off $460k of Debt (ep. 568)

Jade Warshaw

John O’Leary welcomes debt elimination expert Jade Warshaw to the Live Inspired Podcast to share how to achieve financial freedom.

Jade Warshaw is on top of the world and she’s bringing others up with her. Yet that wasn’t always the case.

At 23 years old, Jade and her husband found themselves drowning in almost half a million dollars of debt. Between student loans, credit cards, two cars they couldn’t afford, and a small townhome, these newlyweds were blissfully ignorant about just how big of problem they were in.

By taking responsibility for their decisions and using the guidance of legendary eight-time national bestselling author and personal finance and retirement expert Dave Ramsey, they were able to find financial freedom in seven and a half years. I want to repeat that – In just seven and half years, they clawed their way out of a staggering $460,000 in debt.

Today, Jade joins us to share her journey to becoming debt-free including the sacrifices they had to make and the old habits they had to shake. Plus, learn the tools and money-management plans to embark on your own path to achieving financial peace.

My friends, this episode is not just about finances; it’s about confronting those daunting, lurking problems that we often choose to ignore. Whether it’s a challenging relationship, a stagnating career, or personal struggles, today’s conversation will ignite you to take charge.

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SHOW NOTES:

  • At 23 years old, Jade married her husband Sam and together they had close to $500,000 in debt from student loans, car loans and credit cards.
  • Determined to have a great marriage and a great life, they began taking responsibility for their decisions and the situation they found themselves in.
  • “You can’t blame your way to a better life.”
  • “You can’t solve a problem while simultaneously creating the problem.” Decide how to exist without taking on more debt.
  • Fifty-six percent of Americans could not cover $1,000 emergency without having to incur debt.
  • “A budget does not confine my money, it defines my money.”
  • In seven and a half years, Jade was able to completely pay off $460,052 in debt.
  • “Good reasons, after a while, become bad excuses.” To have access to money to pay off their debts, they sold their furniture and ate dinner on the stairs, and slept on an air mattress for 5 years.
  • Jade encourages us to reframe our brains that celebration doesn’t have to mean consumerism.
  • Go fly a kite: When faced with unfair criticism, Jade decides to lead with authenticity, truth, love, compassion and grace.
  • “We behave the way we believe.” If you’re struggling with getting on the right track financially, personally, professionally or relationally, Jade urges to reexamine your beliefs.
  • Learn more about Jade Warshaw here.

Did you enjoy today’s conversation?

You’ll love my conversation with Dave Ramsey. Hear Dave share how he built his first real estate business at 18, made $250k by 26 and what it was like going bankrupt at 28. Don’t miss how his past failures led in part to his successes in faith, marriage, and gratitude today. Listen to ep. 6 now.

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About our sponsor: Keeley Companies wholeheartedly believes that if you get the people right -the results will follow. They set themselves apart with a forward-thinking culture that empowers their people and fosters loyal partnerships. Keeley Companies are a proud sponsor, partner, and super fan of the Live Inspired Podcast. Learn more about Keeley Companies.

 

JADE WARSHAW'S LIVE INSPIRED 7

  1. Q. What is the best book you’ve ever read?
    A. The Bible.
  2. Q. What is a characteristic or trait that you possessed as a child that you wish you still exhibited today?
    A. Being silly and child-like.
  3. Q. Your house is on fire, all living things and people are out. You have the opportunity to run in and grab one item. What would it be?
    A. Handwritten recipes from my grandma.
  4. Q. You are sitting on a bench overlooking a gorgeous beach. You have the opportunity to have a long conversation with anyone living or dead. Who would it be?
    A. Prince and my grandma and grandpa.
  5. Q. What is the best advice you’ve ever received?
    A. “Have the internet but don’t let the internet have you.” In other words, there are great things in life that have the ability to help you but make sure you have them and they don’t have you.
  6. Q. What advice would you give your 20-year-old self?
    A. Play sports longer.
  7. Q. It’s been said that all great people can have their lives summed up in one sentence. How do you want yours to read?
    A. Redeemed.