His secret weapon to pay off $30,000 of his debt so far?This is what she calls her “secondary stampede. “
Since 2019, Ray has raised nearly $85,000 promoting clothing at Poshmark, Inc. , a second-hand virtual marketplace.
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He “also has the ‘cool factor,'” he told Fox News Digital in an email. “This is where all my friends used to sell their clothes, so I wanted to try it out. “
Poshmark doesn’t verify how much merchants earn a year, but corporate spokeswoman Christine Heerwagen showed via email that Olithru Ray’s overall earnings at Poshmark to date exceed $100,000. Ray said.
In addition to paying off $30,000 of his student debt, Ray also invested $30,000 in the purchase of a new home in Kansas, which he shared with Fox News Digital; this amount covered the deposit and final costs. Ray and her husband, a commercial airline pilot, were married in their third year of medical school.
“I wish I had one less loan to pay off my life and make it less difficult to live and eventually have my own family,” Ray said.
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“My husband and I dream of owning a lot of land,” she added. “The faster this loan is repaid, the faster we can achieve our long-term goals. “
With years of hard work and determination for her (she was inducted into the Delta Chapter of the Alpha Omega Alpha Honor Medical Society in 2021), Ray does not support the Biden administration’s plan to cancel a portion of student loan debt according to the borrower or other notions. of student loan forgiveness.
“If a large loan forgiveness is launched, obtaining a degree, even a medical degree, would be significantly minimized. “
“If a large loan forgiveness is launched, obtaining a degree, even a medical degree, would be significantly minimized,” he said.
“It’s also offensive to all Americans who have worked hard and possibly even lived paycheck to pay off their student loans,” he said bluntly.
During her current year in medical school, and at the beginning of the COVID-19 pandemic, Olivia Ray began promoting the moment.
She regained her reading fatigue and boredom of being confined to cramped neighborhoods to make money after her friends encouraged her to try selling second-hand items.
“I was also tired of living off student loans for housing, food and, of course, tuition,” she said. “I felt like I wasn’t enjoying my 20s like the rest of my friends who had ‘real’ jobs. . . and they weren’t in school all their lives like me. “
Ray said he knew little about the apparel industry at first. He had spent the last six years of his college life seeking a secure position in medical school.
“On Fridays, I would rush from my clinical rotations to the hospital to a half-price sale at my local thrift store, where I would buy more than 30 pieces a week. “
Although at first he was hesitant to immerse his feet in the world of sales, his willing business sense temporarily changed at maximum speed.
“I passed by a thrift store right down from my house,” he said. “I bought my first item, a top, which I bought for $5, and then resold it for $20. “
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After making her first transaction at the Saint Vincent de Paul store in Madison Heights, Michigan, Ray said she became addicted. “I started with this reversal, and then ‘reinvested’ my profits in another, and then in another,” he said.
The more Ray sold, the more he began to recognize popular brands to resell. He also perfected his lists, images and descriptions. He said the mobile app is easy to use and requires no upfront fees or registration limits.
“I discovered exclusive and antique pieces that were sold at the best prices, I took pictures dressed in them and took selfies in the mirror to show what the pieces looked like. As my visitor base grew, other people contacted me and asked me to sell their pieces on consignment. . “
Over time, Ray said his display had become a “strict routine. “
“On Fridays, I would rush from my clinical rotations to the hospital to a half-price sale at my local thrift store, where I buy more than 30 pieces a week,” he said.
He also did “garage navigation”: he frequented garage sales. On Sundays, Ray would go through the huge pile of clothes he had accumulated during the week and take pictures of his new merchandise.
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On Mondays, between patient visits, I indexed articles about Poshmark. He spent the rest of the week accumulating and packing the pieces sold. He repeated the strategy each and every week.
“Our suppliers are the center and soul of the Poshmark community. . . whether it’s an individual promotion in their spare time or a great logo to adopt a circular model,” said Tracy Sun, co-founder and senior vice president of sales. in Poshmark. , in an October 8, 2021 press release.
To date, Ray has sold only about 5000 pieces on Poshmark (Ray is one of 80 million registered users, according to the site, from the United States, Canada and Australia).
“As a doctor, I know my initial investment [towards medical school] will be worth it, but it helped me a lot to have worked so hard to make money on my own,” she told Fox News Digital.
“In 2022, it’s a smart concept to diversify your source of income and your skills. “
“Online resale is something that a lot of students, and even medical students, can start,” he said. “Instead of watching Netflix every night, like many of my classmates, I worked at this company. It is a source maravillosa. de joy. “
“It also taught me that in 2022, it’s a smart concept to diversify your source of income and your skills,” he said.
With plans to paint on a rural farm grid in Iowa or Kansas, Ray said he expects his loan debt to be repaid through 2026.
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It plans to continue with its second-hand sale.
“I love it,” she says. I put my center and soul into medicine and resale. I also paint hard for my husband and my two dogs, and for my long-time children. “
Elizabeth Economou is a lifestyle reporter for Fox News Digital.