I can’t help but sing that classic Bon Jovi song today. Today I made a large payment towards my monstrous student loans, and brought the total down below half of the $215,000 that it was at it’s peak.

In other words, in the past 20 months, I have paid off more that $107,000 in student loan debt!!!

I did this in large part due to the early retirement studying I have done over the past year and a half.

If I had not read and applied the principles of Mr. Money Mustache (www.mrmoneymustache.com), as well as some other early retiree bloggers, I would likely be following the same script as other high-earners; spending most of the money I earn on stuff I don’t need or really want, and afterwards making small token payments towards debts and retirement.

I know I still have a lot of debt to crush, but I can actually see a little light at the end of the tunnel. I can taste the freedom I am buying for myself and my family, and this taste is driving me to want to pay down the second half in less time than the first.

One thought on “WHOA…WE’RE HALFWAY THERE…”

  1. Well hell, congratulations! Ok, so I skipped around a little bit but the headline grabbed me! Awesome job, looks like debt free is in the near future for you. Next step… multimillionare!

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