What are your financial goals? Wait, let me back up... do you have financial goals?
I'm not sure about you, but mine don't include retiring at 65 (or 70 suggested by this article), watching The Price is Right every day, and wearing out a recliner. There's far too much life to live, passions to pursue, places to see, and time to spend with family to be working for a paycheck for the next 30-40 years.
The solution: Financial Independence & Retire Early (FIRE)
Financial Independence (FI): Creating enough passive income that you no longer have to rely on your normal W-2 job. Many times this leads to the pursuit of other passions.
Early Retirement: Creating enough passive income to have the ablilty to stop working and enter retirement in a more traditional sense, just at a much younger age.
So what do these options offer you? Freedom.
Student loans suck. Debt sucks. Here’s the real question though;
What are you doing about it?
Action is the most important step in your entire debt free process.
Here’s what my wife, Allison, and I did to give our student loans and consumer debt the middle finger while still in college.
My Student Loans: $9,355.85
Allison's Student Loans: $22,591.11
Consumer Loan: $3,500
$40,469.17. All gone in less than 15 months!