I'm squeezing every ounce of goodness out of 2021. As we all experienced, 2020 was nonstop madness. While there has been extreme loss, anxiety on a galactic level, deep loneliness, and every emotion in the dictionary, I managed to achieve one huge life goal before my 27th birthday in December. I paid Sallie Mae back! (Yes, please imagine me dancing.) While it's uncomfortable to share about this journey because finances are so personal, I believe the one thing we all need right now is good news. It was through watching other people who I related to that made me see that paying off my debt was possible.
Like most things in America, the current student-debt crisis is out of this world. This year the student-debt crisis hit an ultimate high.
"There are 45 million borrowers who collectively owe nearly $1.6 trillion in student loan debt. In the U.S. Student loan debt is now the second highest consumer debt category - behind only mortgage debt - and higher than both credit cards and auto loans," according to Forbes.
Even with these staggering numbers, the student-debt crisis disproportionately impacts Black families. On average, a Black graduate has $7,400 more in student debt than his or her white peer, according to Brookings Institution, a nonprofit public policy organization based in Washington, D.C.
When I first decided to pay off my student loans, I was freshly laid-off from my "dream job" as a breaking news reporter and living in my childhood bedroom in Columbus, Ohio, as a 20-something, feeling like a complete failure. Even though navigating this season was difficult, I kept one quote on the forefront of my mind by Dave Ramsey: "Live like no one else so that you can live like no one else."
I celebrated paying off my debt with an uplifting photoshoot to showcase that women are worthy of celebration outside of the traditional norms such as marriage and having babies. All which I desire in time, but until then I'm focused on blooming.
There are plenty of factors that impact our financial health, most of which are out of our control. If you're looking to take the next step so you can stop being a slave to your money and break free from the bondage of debt, here are some of the actions I implemented to pay off my $30,000 student loan debt.
1.Make a Plan.
Make a plan to approach payding down debt from a strategic level.
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It may sound simple, but making a solid plan is not as easy as it looks. When paying down debt, I think it's best to approach it from a strategic level. I never really knew how much debt I had. It was some elusive number; I believed I'd never pay off.
I went to a private art-school out of state and graduated in 2016. I had a ballpark idea of how much debt I was in but brushed it off. I ignored, deferred, ignored again, deferred again. Rinse and repeat. I was confused about the process since I had transferred schools. It felt like I had student loans coming from everywhere.
I was paying off both my unsubsidized and subsidized loans from college, which totaled to nearly $30,000. One way I was able to decrease the debt I took out was by applying for grants, scholarships and becoming a resident advisor for two years.
Before I got serious about paying off my debt, I made the minimum payments. One of the main tools that help me develop a straightforward and easy to understand debt strategy is Undebt.it. This site populated a free debt payoff plan after I imput my information. I also recommend using tools like Snowball Wealth, which helps organize all your debt in one place, and provides resources to help you pay it down.
The avalanche debt payment method worked best for my situation, but many people also use the snowball method. These are common terms, but here's a breakdown of what each one is according to CNBC:
"Snowball method: Prioritizes paying your debt from the smallest balance to largest, regardless of interest rate.
"Avalanche: you pay off the balance with the highest APR first, then work your way through all your debt from highest to lowest APR. Some financial experts prefer this method because you end up paying less overall in interest."
Once I had my plan ready to go, it was time to secure the bag.
2.Secure the Bag—All of It.
I paid above the minimum balance each month. I attacked my debt. I was able to do this by decreasing my expenses. At the time, I lived at home for roughly six months. Living in my childhood bedroom was a huge help, and I could save and knock out so much debt. I hear millennials complaining all the time about moving back in with their parents. If you're fortunate enough to live back home for a season, then I would highly suggest it and be grateful for the opportunity. But after living at home, I moved into a studio apartment and then decided to get a roommate. Figuring out housing can be tricky, but anyway you can decrease this expense, the better.
Anytime during my debt-free journey, I had about two to three jobs. I mainly did freelance work, including writing, social media managing, and website design. As 2020 has shown, no job is ever guaranteed. I learned that hard lesson early after being laid-off from two jobs before I turned 25.
I did freelance gigs in addition to my full-time job as a weekend social media editor. Negotiating my salary was vital and made a difference in my budget each month, which allowed me to make larger payments. It's an old and true saying, but closed mouths don't get fed. Here are more tips on how to negotiate your salary. It's a must!
3.Find Community.
While your debt is solely your responsibility, you don't have to walk this journey alone! One source of encouragement I had to kick-start my journey was watching my coworker pay off over $100,000 in student loan debt. What?! Don't be afraid to ask questions. I asked my colleague a million questions about debt, and I didn't care if I looked crazy in the process.
There's a vast debt-free community online of people sharing resources, tips, and advice. Join them! Two of my favorites financial educators to follow are Tiffany the Budgetnista and Leo Jean-Louis.
Also, talk to your trusted friends about money. Throughout this journey, I would have money talks with a close girlfriend of mine. We would get transparent about our money goals, downfalls, and everything in between! Normalizing talking about money is something we should all strive to do.
4.Practice Discipline
Practice discipline by starting a budget and sticking to it.
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Yes, you need a budget. But even more so, you need the discipline to execute and stick to that budget.
I started having weekly money meetings with myself. Was I perfect at it? Of course not. But I was consistent. I created a debt-free journal to help me stay sane during the process and to track my progress. In this journal, I wrote down prayers, wrote encouragement notes to myself, congratulated myself for the small wins, and reminded myself of my "why" behind paying off my student loans.
And what's my why? For me, it's being able to do what God has called me to do freely, designing a life of my dreams, building generational wealth for my family, and investing in my travel business, Girl Around The Globe, plus so many other things.
Being free of my student loans is one step towards my financial wholeness goals. Now, I'm looking to start investing actively (send help!), and I plan on knocking out the remainder of my credit card debt by Q1 or Q2 of 2021.
It doesn't matter how much you have in debt or how long it takes for you to pay it off. Life is not a race. All that matters is that you're trying and being consistent.
I believe in you, sis!
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Here are some of my favorite takeaways from three standout panels featuring Jordan Chiles, Marsai Martin, and Kandi Burruss.
Leveling Up Your A-Game with Jordan Chiles, Morgan Shaw Parker, Chelsea Fishman, Laura Correnti, and Tabitha Turner-Wilkins
Jordan Chiles
Paras Griffin/ Getty Images for Power Play
Olympic gymnast Jordan may have medals and magazine covers to her name, but her mindset is refreshingly grounded. “The day I finally feel pressure,” she said, “will be the day I know there’s still more for me to learn.” For her, joy—not pressure—is the fuel. Her confidence isn’t performative; it’s rooted in family, self-worth, and authenticity.
“Everything I’ve done in my career—tattoos, long nails, rocking my crew at the Olympics—that’s all me. It’s not because someone told me to do it. It’s because I felt confident doing it. And that’s where my ambition comes from: being my authentic self.”
For Morgan Shaw Parker, President & COO of the Atlanta Dream, the conversation around pressure went even deeper. “Legacy work” is how she described her mission—navigating male-dominated spaces, sometimes pregnant and pumping on NFL team planes. “After COVID and George Floyd,” she shared, “it became clear to me: vulnerability is power. You don’t have to show up perfect to lead.”
Chelsea Fishman, founder of Atlanta's first bar dedicated to women’s sports, Jolene Jolene, shared how the haters (especially the Reddit kind) were her confirmation: “All those comments saying it would fail—those were the signs that I was doing something right.” She’s hosted 25+ watch parties already and is building the very community they said would never come.
This panel also touched on ambition, authenticity, and owning your power—both in sneakers and in suits. One of the best mic-drop moments came when the moderator flipped the question: “What if we stopped making ‘power’ a bad word for women?” A nod-worthy reminder that we’re not here to play small.
Making Your Voice Heard with Marsai Martin, Carol Martin, Miss Milan, and Heather McMahan
Marsai Martin
Paras Griffin/ Getty Images for Power Play
This panel was a masterclass in staying grounded while growing up—or glamming up—on the global stage. Actress and producer Marsai talked about what it’s like to show up in high-pressure moments when your confidence is low but the world is still watching. From red carpets to long shoot days, she reminded us that even when you’re not at 100%, you still find a way to push through.
“There have been days where I wasn’t feeling the best, but I still had to show up on this carpet. Or it was that time of the month, but I still had to go on set. I just didn’t feel as confident—but it’s about how you take care of yourself in those moments and still keep pushing.”
Her mom and business partner Carol Martin dropped gems about motherhood and mentorship: “It’s like teaching your kid to ride a bike over and over again. Now the bike is a movie or a brand.” That balance between guiding and letting go? Not easy—but essential when you’re raising a mogul and running a company.
“There have been days where I wasn’t feeling the best, but I still had to show up on this carpet. Or it was that time of the month, but I still had to go on set. I just didn’t feel as confident—but it’s about how you take care of yourself in those moments and still keep pushing.”
Miss Milan, Grammy Award-winning DJ and Doechii’s right-hand woman, lit the crowd up with her no-nonsense energy. “I built my own table,” she said. “When you build it, they can’t tell you you can’t sit.” From journaling her dreams to manifesting Grammys, her story is one of resilience and intention—and a whole lot of faith in her own vision.
This panel didn’t shy away from hard truths either: the sadness that can come with success, the fear of fading relevance, the criticism that hits differently when it’s personal. But Marsai said it best: know your why. And let it evolve with you.
The Cost of Starting Your Own Business with Kandi Burruss and Nikki Ogunnaike
Kandi Burruss
Carol Lee Rose/ Getty Images for Marie ClaireKandi doesn’t sugarcoat the grind. From chart-topping songwriter to multi-business entrepreneur, she’s built her empire one risk—and one reinvention—at a time.
“Fear equals failure. If you don’t even try, you’ve failed automatically —and you did it to yourself. I’d rather take a risk and lose money than play it safe and never know what could’ve happened.”
She broke down the real costs of entrepreneurship: money, time, and emotional bandwidth. “You think you’re going to work less when you work for yourself?” she laughed. “You’re going to work more.” For Kandi, mommy guilt and financial setbacks are part of the package—but so is the satisfaction of seeing an idea through.
She opened up about scaling back on her clothing store and temporarily closing the original Old Lady Gang location. “It felt like failure,” she admitted, “but sometimes you have to step back to make things better.” Still, she’s not one to quit. She just pivots—with precision.
One of her most memorable reflections? How her music career hiccup led her to songwriting—ultimately writing the mega-hit “No Scrubs.” That song became the key to a new lane and legacy. “You may think you’re working on one dream,” she said, “but it could open the door to another.”
Also? Kandi wants you to stop emailing her from a Gmail. “You’re doing million-dollar business on a bootleg budget,” she joked. “Invest in yourself. Start with a domain name!”
The Marie Claire Power Play Summit was a powerful reminder that ambition, authenticity, and vulnerability aren’t separate traits—they work in tandem. Whether you’re building a bar, a brand, or a business from scratch, the key is to stay rooted in your voice, your story, and your why.
And if you need a sign to go for it? Consider this your green light.
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Feature image by Paras Griffin/ Getty Images for Power Play