STORYTIME: I WAS IN MASSIVE DEBT THIS IS HOW I PAID IT OFF!!! | Sophie Shohet

[@JuliaCLundmark]

This is why you are, hands down, the best “luxury” youtuber!

[@Mawiiom]

Julia Lundmark I agree

[@aleksandraszejnoga]

I absolute love that kind of videos. I was really impressed with your career story video. You rock!

[@oxymoron7328]

Aleksandra Szejnoga Ola ❤

[@dioradri]

Esp for women! more career & money advice please~

[@Smarterchildxo]

I live in Ontario and had student loans like crazy. I was 40 grand in debt and wanted to get rid of it ASAP, so I ended up living out my my car while working full time. It was greasy and embarrassing, but I paid it off in 2 years.

[@TheBohemianStyle]

Where did you park the car? If police found you, can be charged. How did you stay warm in the winter?

[@acapellaz1]

Wow! Mad respect

[@Gradycat9]

When the going got tough, you got going! Bloody awesome job!

[@egyptmachine]

A ton of respect that’s hardcore.

[@the_emmasculator]

Damn! Good for you! That's amazing

[@BimmerBabe]

I lost it when you said "you didn't say that when you gave me the teddy bear" 😂😂 girl they will get you every time lol

[@CathFerook]

So true about pay day loans, I used one once and when I called to pay it back they sounded annoyed & told me a few times that I didn't need to pay it all on that day. I was like nope take your money and I've never had to go back to that. Thank God!

[@pickapia909]

Her vids are so real and informative

[@Peteybites]

STAY AWAY FORM PAY DAY LOANS! I used to work at Cash Converters and TRUST ME, maybe 5% of people pay them off in time. All that happens is that customers need a new payday loan to cover the cost of their existing loans, and it just perpetuates. It's horrible, and only ends badly. Please take our advise, and DON'T DO IT!

[@christina28272]

My brother is being sent credit card offers by banks, he signed up for one but fortunately my parents caught him in time, it’s kind of sickening how banks prey on college kids

[@6FootKatie]

Thank you for talking about this!! So many people shy away from talking about money and debt, it’s nothing to be ashamed of and needs to be addressed more!!

[@adamr-j232]

So happy someone has addressed this topic, and it just so happened to be my favourite KZbinr - Thank you Sophie :)

[@humptydumpty8165]

This is a fabulous video. People see the luxury videos, and too many don't realize that the person filming it didn't start out being able to afford the luxury items (unless perhaps their parents made it possible, but that isn't helping them understand the value of money). Seeing someone who made a lot of the typical unwise decisions, but took responsibility for them and worked her way out of debt is inspiring on so many levels. Kudos for being vulnerable (like you have in other videos) and hopefully helping others to work towards being as debt free as possibly. You are an inspiration. Keep up the great work!

[@kristenx8198]

I love that you aren't afraid to talk about the not so glam parts of your life which other bloggers wouldn't dare discuss out of fear of damaging their perfect "image" you really seem genuine and realistic and that's one of the reasons I love watching your vlogs

[@fashionandluxury101]

This was by far the best video u ever did. So informative. Bags, shoes, and unboxing are fine, but paying off debt so important. Thanks 4 this video, Sophie.

[@lightat333]

So glad I subscribed for a long time now , Your videos are definitely not like the other luxury channels but it's more real and down to earth. It makes us feel able to connect to you and that bond is special. Thank you for staying honest and this great content

[@tonymullenix9281]

Sophie, this is such a helpful video! I went through the same after Uni and it is really hard and might I say degrading to a level. Also I wanna touch on something you mentioned. Women, men everyone know your worth and if you feel you deserve a raise ask for it. The worst that can happen is you are told no. I am so glad you did this video and I KNOW this will help many people out there!

[@wilsonbunbun1000]

This is the best beast video ever. Not many luxury good enthusiasts on KZbin address this issue. U r so hard working n determined. Two thumbs up !!

[@hopeandpray1]

Thank you so much for being open and honest. It's easy to pretend to yourself that an overdraft isn't "real debt". I think this video is a must watch for young people moving out of home.

[@SusanStLeger]

S.Shohet - UR still the most articulate, intelligent, engaging, charming lifestyle/fashion commentator that I know in this format. Thank you for your commitment to your channel.

[@dianapugh2743]

Congratulations and thank you for talking about it! Your tips are very helpful and you give us all hope, there is light at the end of the tunnel.

[@alicefang8838]

all the little gifs speak to me so hard LOVE this video! You put everything so eloquently. You address the dirty like no other

[@Pumkintale]

People !!!! Be wise to learn from the mistakes of Others! Thank you Sophie for sharing cold and hard life truth! Great video!

[@huckleberrybear8100]

Thanks for ur inspiring video.....seeing how successful you are now really encouraged me to move out of my debt and better manage my finances.. Thumbs up Sophie

[@wardinahbahati]

I really loved this video. I’m a new subscriber. And everything you spoke of about aneroxia, debt etc are taboo issues which no one talks of on KZbin. You are showing a great deal of strength to overcome those hurdles and it’s amazing.

[@Lifeplasty]

The worst decision I ever made was buying a car from "YES car credit". I ended up paying 12K for a 4 K car! I'm still unsure about cars...buy a used one outright or a brand new using hire purchase schemes?

[@egyptmachine]

Lifeplasty just buy a good used one. You always want a reliable car, every time I have a car and it’s near getting paid off I trade it in for a new one. Where I live not having a car is very hard to get around.

[@lillyl6901]

Buy a used one! If you buy a brand new one, the car loses half of it’s worth the second after you drive off and there are really good deals on used ones! Good luck xX

[@jadiecakes3241]

It really depends on you, what you want and your finance. When buying any car its important to read car reviews on the make and model (some are way better quality than others and some have known issues specific to certain years etc). I've had a used and brand new car and both were good for what i wanted. I bought a brand new car because i wanted one and it was what i wanted and i put about 3 months of research into it. I also was lucky enough to pay cash for my car (my parents lent me half which im paying off interest free). Depending on your bank, personal loans ive found generally have a lower interest rate than car finance but its all about negotiating and finding the best deal or just saving and paying cash. Also when buying any car remember to budget in insurance, registration and stamp duty if applicable. otherwise you get slammed with costs you wer'nt anticipating. If you do your research and intend on having the car a long time the value lost when driving a new car out of the dealership is kind of negligible (remember to check out the second hand market if you go brand new so you can see what your potential for re-sale is!). I traded in my used car for almost as much i paid for it and saved myself $4k on my new car. Also when buying used GET IT CHECKED BY A MECHANIC or go through a reliable dealer with a warranty. Road worthies mean nothing when you can get them from dodgy people and you dont want to end up with a lemon.

[@Maya-xr6sc]

Purchase a used one, purchase hire agreements and even finance is most of the time a way for companies without morals to make money

[@duetchu1416]

I truly believe I'm so lucky to have subscribed to your channel!! We really feel a strong bond with you, which totally differentiate you from other 'luxe bloggers'! When I say 'Sophie is my role model in EVERY WAY and my ultimate motivation' there's no joke!! Thank you again for sharing all the information with us. You rock!!❤️❤️

[@justjacqueline2004]

Reality and refreshingly honest and painful. Thank you for doing this.Thanks for reminding us that experience is wanted and needed.

[@AmberSv]

God! I understand every your word, I have the same story now, I did absolutely the same mistakes when left my parent's home.

[@lamalikely]

so happy you bring up things like this! i adore you and your willingness to admit to things that aren’t that glamorous but real people struggle with! such a helpful video

[@sarahadams6102]

Than, you for sharing your story. I am two months away from being out of debt and I feel like the weight is being slowly but surely lifted from my shoulders, it will be so nice to live debt free. I started getting into debt at 19 and I’m 26 next month!! I think they should talk about finance in the school curriculums to educate people about finance from a young age, it could’ve helped me!

[@MMMTERI]

AMAZING ADVICE! I WAS IN DEBT WHEN MY HUSBAND BECAME A STUDENT AGAIN. GAVE ME A LOT OF SLEEPLESS NIGHTS. IM OUT OF DEBT NOW. IT WAS A LOT FASTER THANKS TO MY AMAZING PARENTS. NEVER EVER WILL I GET ME AND MY FAMILY INTO THAT SITUATION AGAIN. THANKS FOR SHARING YOUR STORY MY LOVE XXX

[@denisadenning9248]

Your absolutely my favorite person ever! You are such a powerful business woman and you have shown me nothing is impossible. I have been watching you foreveeeeer! And every single one of your video speaks the the areas of many peoples lives that other people are not willing to admit to! I appreciate all of your honesty and putting yourself out there because it can be quite hard at times! Love your channel!❤️❤️

[@Jamalina13]

Dear Sophie, thank you so much for opening up to this sensitive topic. I myself am in debt too and I struggle paying it off. It is unbelievable how fast you can get into it but your video really gave me hope!

[@ffflyin]

Thank you for addressing a really important issue in such a personal way. What a difference you are making, in little ways. Appreciate it! Xx

[@clairabellablair6130]

Thanks for this, I’m going to share this with my daughter who’s 21. She’s not in debt and is pretty sensible but it’ll inspire her to keep it that way. You addressed the topic without being patronising which is something as a parent I’ve really struggled with when I talk to her about money xxx

[@fogbreads5682]

Great content on a very important subject. When I started college I just happen to get a entry level part-time job in the credit area of a local department store (guess this would be considered a high street store). What I learned there...scared me into learning good credit habits! As I look back, it was one of my best life lessons.

[@Chesscagbai]

Oh, absolutely love that flamingo and leaves painting behind, love the style of it!

[@brittonrs26]

Thank you for sharing your story. Just knowing that you're not alone in your particular situation helps take the shame and stigma away from having debt.

[@a.k.8161]

This is so great for so many girls out there who may not know where to start in debt management! Good on you!!

[@conor_1239]

I like to think I’m pretty good with money, the thought of drowning in debt scares me so I stay clear of credit cards etc. Having no money is a horrible feeling and this video is definitely helpful for motivation, so thanks😉btw love the editing with the gifs!

[@liapastohrias697]

Conor_123 Same here. I don't spend money I don't have.

[@VanMaiTai]

I told myself the same thing, no credit cards. Until I learned that they charge me foreign fees for using my bank card for overseas purchases. So I got a credit card with my bank to use during our European vacation to avoid those fees. Paid it off in 3 months to avoid the interest since i get no interest for 3 months from first use. Next time I think I'll get one with better perks like collecting points so they can be used for airfare. I think credit cards are only ok to use if you know you have the money to pay it off right away. Helps build credit score which helps in the long run when you are ready to buy a home or car.

[@IkkyYuppie]

Doesnt matter how much money you have in the bank, the most important thing is good credit. if you have no credit then you're screwing yourself in the long run!

[@VanMaiTai]

Not sure if you're in he UK or the US but in the US it's actually not good if you have a line of credit open that's stagnant. It shows no record of you spending and reliably paying so it really is no help to have a credit card and not use it.

[@IkkyYuppie]

VanMaiTai same in the UK

[@jilll5257]

Thank you for your honesty about debt, and more importantly, the strategies you gave to address it! It’s a difficult topic and very emotive and can cause embarrassment and distress. Showing how it can be overcome with commitment and discipline, without judgement on yourself, is such a positive thing. Thank you for sharing.

[@marielcalder103]

Sophie, I think this is probably the most important video you have done. Thank you!

[@placidsounds116]

A bit out of topic but Sophie you looked particularly BEAUTIFUL in this videos 😘

[@bettya86]

Brilliant!! Especially the part on asking for a raise 👏

[@aaliyahstar8168]

I v just shared this to my son. Think it's words of wisdom for him to listen to. We r all preparing him for uni 2020

[@Samantha2209]

Why is no one else talking about the edits and jump cuts?!?! So funny Sophie!! Hahaha😂😂😂 Wonderful video topic btw.

[@cwalsh4992]

This is such a massively important topic to talk about. Thank you Sophie!

[@karlamicheldealba]

You make the best videos and you are so real about stuff that no one wants to talk about. I adore this channel

[@pnar3621]

Your video was so informative and brave that I watched the ads played after the video. Thanks a lot for sharing your experience and being so open about it.

[@sadia84]

Thank you for this video!! I'm interview for a role at the moment that would pay enough to help me start tackling my debt, fingers crossed! Your video came at the right time xx

[@sunpi]

Sorry Sophie I last so much at the colouring pencils and teddy bear

[@QueenAlia]

This is great! I graduated University with a lot of debt and had to buy a car straight out of school as well which nearly doubled the debt. I had a good paying job my first year that allowed me to really pay aggressively and since moving on to a part time job I now have budgeted monthly what I need to pay on loans and living expenses, and what I can afford for fun, I haven't been able to save much but i'm surviving and have a plan for paying my loans asap! People need to talk about debt more! And it's really great to see someone like you who is doing so well now, tell us that you went through this too.

[@hylamyc]

Thank you for sharing your experience, Sophie. It's very kind of you. Debt itself is not a bad thing, just the majority do not know how to use their debt properly. There should be more financial class put in place before being independent.

[@5usiewongs489]

Fantastic advice and an issue that should be addressed more! Thanks, Sophie x

[@trix4meow]

you are so down to earth yet live this fabulous life......very refreshing hope i can get there

[@JessiicaxXOXx]

LOVE your finance related vids xx

[@Ringgaard1983]

I know a lot of people who'll go out and spend a lot of money a soon as they hit payday. I've done that too. But now, I've turned my spending-habits around- now I shop at the end of the month. It's makes me consider my spending more and I don't tend to buy loads of stuff I don't really need. That's probably my best tip.

[@ShadesOfBrown]

Sophie you’re so inspiring! I recently got fired from my full time job and it’s been a little hard to find my passion but I’m determined to find success thanks to you!

[@smartipants123]

I’m 24, currently on a ~40k salary and 16k controlled debt. I took out a loan to cover my debt and I’m paying it off. It comes out of my salary before I am taxed therefore I don’t actually lose out as much. God willing I am due to finish my debt by the end of 2018!

[@petramckean5041]

This is why I love your videos. Real and so useful!

[@mommadukes4924]

Thank you, thank you and THANK YOU for this video!! I plan to show it to my daughter and it also helped me. You are 100% correct with the pay day loans. I used to do them about 8 years ago until I figured out it wasn't helping me at all. Please keep making these kinds of videos, it gives me hope that one day I too, will be debt free. Thanks again!!

[@kathytruong4861]

I was never in debt but had very bad spending habits. Personally what helped me was not using credit and always paying with cash so I could physically see the money I was spending. This meant also giving my credit card to my parents to keep and I only used it once a month to keep my credit score moving. Also keeping a journal helps. The best advice I had for myself is to ask someone to watch after my spending and remind me of what my goals are. It’s always easier with someone telling/guiding you what to do.

[@graceedmonds5176]

Wonderful Sophie thank you. Really hits hone 🙏💕

[@lisaprowse3813]

Thank you for sharing your journey!! It will help many young students! I have been ruined by credit cards as I have no self control and when I'm feeling low I spend to try and cheer myself up! Then the credit cards see i'm only paying the minimum payments each month so that do they do......increase my credit limit!! Now I'm at the point I can't make the minimum payments so thinking bankruptcy is the only way out! Lesson learnt!!! xx

[@patronusstag]

I fail to understand the Western concept of not living with your family after uni. You literally live with your family until you get married where I'm from. I get those societies are very individualistic and all but it makes no sense make a fresh graduate, who like Sophie said will neither have work experience, nor the opportunity to immediately get a well paying job. Why don't people live with their families until they're at least 25, paid off majority of their debts and actually saved some money for living independently? And literally why is living with one's own family frowned upon, it is so weird to me lol .

[@StylosityYourWay]

Ayesha Irfan were ultra individuals is the best I can desscribe it. For a lot of western people (especially of the north American variety) your family is done taking care of you. They won't have you back. I had a friend in high school who had to pay rent to his dad because he had turned 18 before he graduated from high school. He left for the military as soon as school was done.

[@patronusstag]

hmm I kinda gathered that from watching and reading stuff online. the "your family is done taking care of you" is such a weird concept to people from collectivist societies like me though lol. it's one thing to be super independent and individualistic but i don't see the point when it makes little financial sense.

[@StylosityYourWay]

Ayesha Irfan I totally understand what you mean. It doesn't make sense financially for us to all pay for our own places and the expense of keeping those places up. Especially when you factor in how much debt is swirling around. I was staying with friends in India becuse one of them was getting married in December. It made me think about this very concept. When you have a family that loves and supports each other it makes sense to stay together and build your wealth not spiral into debt. Which I might ad felt like just as foriegn of a concept from my perspective. This is a little morbid but when our older relatives die we just end up throwing all their stuff away and cleaning out their houses. It's so much wasted money and energy on dealing with so many houses/furniture/upkeep.

[@sumayahamani3363]

Ayesha Irfan obviously this is not the case for everybody. I plan on living with my mom for a few years at least after graduating college. Mostly bc I can’t afford to move out without help, and I am lucky enough to commute if I want to work in NYC

[@cocodakilla]

Europe is different. Family matters more. The uk and usa have big issues with family ties now thus care homes thrive. I guess kids are angry at being pushed out and dont want to look after parents later on. In the 1900s people stayed with family until marriage ! No care homes unless you were very disabled or needed help. Even then extended families were norm. Things are changing though as rent is soooo high

[@MsJuanitaMichelle]

Thanks for keepin ' it real and being so open & honest.

[@ili9062]

I'll be starting uni in London this September and it's honestly so disheartening to know that I'll be close to £30K in debt by the end of it lol so much so that I've already started saving for the large dent I'm about to have in my digital wallet! Going for a degree with a competitive market after graduation isn't making my life any easier either but this video made me realise that being in debt doesn't mean the end of the world for me!

[@emmaltparker]

Hi ilham, As somebody who was in your position not that long ago, I'd recommend 100% looking at volunteering for charities. I'm not sure what industry you want to go into but I work in the media industry and the only way I have achieved what I have so quickly is because I volunteered at Marie Curie as the PR and Media Intern for two years. You don't get paid but, charities only ask for 1-2 days a week and are very flexible so it is a very good use of your time. I'd look at volunteerteam.london.gov.uk if you're interested. I'd also start looking for and lining up job interviews in August, look for something hassle free and part-time, like a bar job. You would be amazed at how many bar/restaurant/host jobs there are available. If you have any other questions don't hesitate to ask, I'd be happy to help. Good luck! :)

[@wandapatterson2338]

This was a fantastic vlog, you should consider doing a series on overcoming debt.

[@stephaniecaza9636]

How brave and honest of you! Great inspirational video👍🏼

[@Nikkiet100]

Thank you for saying that women don’t ask for the raises they deserve and many employers know that and take advantage of that. Years ago, a lady I worked with told me that I was short changing myself by not speaking up. I took her advice and in a matter of two years, my salary more than doubled. Had I not relocated, my salary would have kept increasing at a great rate. By the way, it was another woman that acknowledged the value of my work (after I brought it to her attention). It seemed almost crazy that I just kept getting large raises, but the two of us were basically running a very profitable company.

[@bridgetboylan5414]

Thanks for being brave enough to talk about this!

[@hannahfishburn8847]

Thank you Sophie this was exactly what I needed right now - very informative and so refreshing to hear someone actually talk about debt

[@ginahtran1210]

Absolutely loved this video, Sophie!!

[@rhonda5288]

Well done Sophie.

[@alisaklimanska7480]

I have never borrowed any money from a bank during my student years BUT I did some other pretty stupid stuff finance-wise ... I guess we learn that way. Thanks for being genuine and sharing this. :)

[@jushin3635]

Thanks Sophie for the update!! I always love these videos! And thanks so much always for such great responses for our individual questions! Actually I don’t know if you remember, I have asked you for your advice on career previously on Instagram. I have taken your advice and now I am moving to a different department to give it some change towards my interest!! You are certainly right about asking the company. The worst case is them saying “No”. Again many thanks for your encouragement!!!

[@FemalepreneurDaily]

been binge watching all your videos luv them

[@muffinmunster]

Omg, yes, the bit about the groceries really resonated. Thanks for this video really enjoyed it :D x

[@mylifeasarwen]

One of ur best Videos! Love to hear ur experience!

[@iAnschi]

Wow thank you for sharing your life expierence about debt! I really enjoy such videos who nearly nobody is talking about and as Austrian studying english in school I adore your pronunciation and BE is great. Lots of love, keep on going with such underground topics and fashion, lifestyle talk! ☺️

[@holly28465]

Thank you for this video! I am in massive debt due to foolish decisions I made in my late teens and early twenties. I'm working on climbing out the debt and your tips are helpful. Thank you again!

[@lesliepyrame]

Hi Sophie I liked the video before watching it. I absolutely love this kind of videos !!!! Even though I’ve heard the story before, it always inspires me. Thanks for that

[@hollieowens2905]

So much love Sophie! Thank you for being so honest, it’s so refreshing and helpful! 💕

[@nomi2547]

Thank you for this as I'm currently a uni student going through exactly what you went through. I had never lived alone or paid for anything until uni and it's been a shock but a good learning experience

[@MeaGOfficial]

Yes Sophie!!! More videos like this! I have never been in debt, so can't relate to this, but I love seeing you talking about money and success! Please do more videos like this!

[@amygu0]

Thank you for sharing! Very informative. I wish I had better spending habits when I was younger too

[@JamesSmith-nl8ls]

Good video and well done for sharing your story. Sadly too many people get in that trap.

[@byronneb1400]

Thank you so much for this video! I wish someone had shared this information with me when I was young!

[@bell4902]

Sophie everything you have said here is true. I remember watching your first debt video and I have taken that to heart. My biggest struggles are still my student loans. It's a crying shame how her in the USA how many students are in debt.

[@kimmijane5187]

This is definitely a real issue and one I am facing. I do not overspend and have been budgeting, but my degree has been very full on and in my third year I had to quit my job, so that I had enough time to complete assignments. This meant I had no income coming in and so, inevitably, was going into debt with the basics and especially textbooks!!! I was just about cutting it in the first couple of years, but now I am facing debt before I even get started. My student loan is practically non-existent and I have no idea why; I do not live at home. I saved up around 3,000 pounds before coming to university and still seemed to go through that by second year; yes clubbing and societies were very, very expensive. Also, I spent quite a bit of that on bedding and essentials such as crockery, etc. It has been a shame but due to this I have really felt forced to abandon any social activities; I simply cannot afford it!!! This has been somewhat devastating as I feel like I have not gotten the most out of my university experience, yet I know many others facing worse situations than me, being thousands and thousands in debt. So, it could be worse I guess. I think it is important to let other students know they're not alone and it does not have to be because of recklessness either. Many face these issues and it is important to talk about!!!!

[@chicfifty5067]

Wise words. Thank you for your honesty.

[@paolapalmisano1778]

I love your videos about managing your business and also the ones about career, you are such an inspiration! :)

[@yvonnesegarra7060]

Thank you for your honesty!!! It was brave putting yourself out there and it’s so true how slippery the slope is. Excellent video! Omg and the memes were spot on perfect 😂

[@birdiebirk]

That was the funniest video on such a deep subject as debt! We've all been there at some point & you gave great tips for those that are in debt, especially students whom seem to be the most innocent targets! 👍😘

[@mollyrzr]

Thank you for sharing - very brave and honest, what is rare today, as a lot of people keep appearances

[@dianabrown1409]

I love the style and I no how you feel so much and it a sad world but it makes you stronger in some way thank you

[@Noisydavis]

I’ve been kind of looking for something more in my current field bc I feel like I’m worth more than where I am. Thank you for the kick in the pants to really go after it.

[@amala1874]

Blessed to live in a country where interest free banking and financial aid for students is the norm 🙏 Thanks for sharing!

[@rosalindpk4578]

I think people need to hear more about financing their future and spend their money to get what they want responsibly. I know I’m getting on a snowball of finally doing better after watching tons of videos like this. Thank you for this! I stumbled upon your channel because of your story of life struggle videos. It motivates me to get where I want to be if I keep persisting the dream.

[@erinrussell6068]

Thank you so much for this lovely. I am in £4.5K in debt, and it makes me feel sick thinking about it - especially as its going no-where soon. The only bonus I have found is the 0% interest deals. Banks are rediculous for offering someone who makes £12K a year the same amount on a credit card, but it means I can move money about and actually pay off the debt slowly with the minimum payments rather than just paying interest! This was so good, thankyou!

[@SchueyFan13]

Hi Sophie, thanks for sharing. When I started uni Barclay card were giving away cameras so I signed up for one. As soon as it arrived my Mum cut the card in half and told me about the evils of credit cards lol. I'm so glad she did although I didn't appreciate it at the time x