Episode 031: School Teacher Pays Off $44k in 1 Year

Posted Feb 23, 2017 | Updated May 24, 2019

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My Guest on the Show…

I bring on Melinda from Seattle to talk about paying down $44k in a single year. Melinda is a single mom and elementary school teacher who had initially contacted me in January 2016 with an idea to get rid of her debt as quickly as possible.

And…a year later she did it!

But first…

What does it take to win with money? What does it take to win not just with your money, but in all areas of your life.

The answer: GRIT

In this episode I break down GRIT with the focus on you guessed it: Financial Grit.

“Everything worthwhile in life is uphill” – John Maxwell

Grit = Passion + Perseverance for Long Term Goals

Financial Grit = Passion for Financial Freedom During the Uphill Battle For the Long Term Goals

Now, I have a few questions for you all…

What are some of your questions you would like answered on the show? Simply leave a comment at the bottom and let me know or you can contact me here and ask anonymously.

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The Money Peach Podcast is brought to you by my #1 online program for showing you how to budget, how much to save, how to manage your debt payoff, when to save for retirement, what to teach your kids about money, and how to build a legacy to last beyond your lifetime.

If you find yourself continuing to live paycheck-to-paycheck and wondering where all the money went at the end of the month, it’s time to finally make a positive change. Welcome to the class they forgot to teach you about money – Awesome Money Course.

Mentioned in this Episode

Angela Duckworth (The Grit Professor)

Grit Scale: Find Out How Gritty You Are By Taking Grit Score Quiz

TED Talk: Angela Duckworth on Ted Talk on Grit

Grit: The Power of Passion and Perseverance (BOOK)

The Men of the Harvard Grant Study (BOOK)

The Minimalists (Documentary)

The Money Peach FREE Budgeting Tools

The Cash Envelope System (Podcast: EP 003)

Awesome Money Course

Show Notes

My Journey to Wrestling at Arizona State University [1:42]

What is Grit? [8:50]

The Treadmill Test vs Grit [14:47]

Melinda: The School Teacher Who Paid Off $44k in 1 Year [22:11]

The Get Rid of It Challenge [32:30]

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Chris Petrie

Chris (Peach) Petrie is a personal finance expert, money coach, speaker and podcaster.

In 2011, Chris and his family were exhausted from living paycheck-to-paycheck and facing a mountain of debt. They started going against the society standards of misbehaving with money and made the decision to take back control of their lives and money. Within seven months they paid off $52,000, started saving like crazy and began building real wealth.

The word spread fast and Chris started showing friends how to create a budget over dinner. Soon after he started showing their friends how to do the same and eventually Chris started teaching personal finance classes around the community. As the need for the classes grew, Chris launched Money Peach in 2015.

Money Peach was created to help everyday people remove the stress and fear of money by showing them how to save more, make more, and keep more of their money.

Chris Peach has been featured in places like Business Insider, The Huffington Post, Elite Daily, and CheddarTV.

When Chris isn’t at “work” he can be found at the Crossfit gym or riding on the fire truck — Chris is also a full-time firefighter in Phoenix, Arizona.