We’re two brothers, and we started Penny Bros as a way to keep track of our debt. Eventually, it wound up turning into a full-time site that we use to share tips on investing, money hacks we discover, review financial software, and offer advice on how we both paid off over $135,000 in debt in two years.
Where did the majority of our debt come from? Two words, student loans. We both attended a private four-year University where tuition costs upwards of $40,000 per year. And no, we didn’t come from money. Our dad is a pastor, and our mother is a teacher’s aid. So we were in the lower middle class.
While we attended school, we both worked in the IT department. We had to put in a lot of hours to even afford tuition and dorm. It was there that we learned lifelong practical skills that were priceless. Much more than anything we learned in actual classes. And looking back, we wouldn’t trade those skills for anything.
We are both still working towards our financial independence and enjoy sharing the lessons we learn along the way.