Hey everyone! Today, we have a great dear debt letter from W. Like many millennials who set their sights on graduating from college, the monetary cost of that milestone was not lost on W*. In total, she accumulated $65k in student loan debt. However, even as a quintessential product of the lower-middle class X-Generation, W* figured out soon after graduation that the typical path was not for her, and she is now well on her way to financial freedom and extremely early retirement. W and their marital partner K blog about their journey at Financially Free Millennials.

—–

Dear Student Loan #1,

This may be a little blunt, but WOW! It’s unapologetically GREAT to see you go!

For the past 7 years, you have – frankly – been a huge burden. I don’t mean to sound ungrateful, but seriously…

Like, at first, having you around was amazing. I’ll never forget the day I met you. You were a big, fat check made out to ME…in the amount of $25,600. I had never felt so…worthy (or wealthy). I felt like it was the beginning of something great.

And it was great…for a while. You helped me pay for a year of college, my apartment, food that wasn’t Top Ramen or yogurt. You bought me a DSLR, which helped me progress my passion for photography. You even helped my parents pay off their car!

But then something changed.

See, when we first met, I still had my rose colored glasses on. I had a lust for you…for what you could buy me (and others)…for getting me out of jobs…for getting me through school.

What I didn’t realize, is that it all came with a price. And the moment I realized that, it was like a light turned on, and it was the beginning of the end for you.

For the next five years or so, you hung around like an awkward friend. I admit, I should have been upfront with you from the beginning. But part of me wanted to hang on, to relish in what we once had. I was being selfish.

But today is the day. There’s really no reason to keep you around any longer. You have put me through enough frustration, anger, sadness, and resentment to last a lifetime. You’ve also hindered me financially.

I won’t discredit you entirely, though. A lot of good came out of this relationship. You taught me to become accountable and responsible. You taught me dedication. The best take-away, however, was how my mind was widened enough to see through the bullshit game that “money” really is. You’ve given me the motivation to beat the system, to become my own boss, to reclaim 100% of my time, and to become location independent. And for that lesson, I am eternally grateful!

So let’s leave this on a high note. Thank you for the experiences and lessons, Student Loan #1.

Goodbye.

Melanie

Melanie is a freelance writer currently living in Portland, Oregon. She is passionate about education, financial literacy, and empowering people to take control of their finances. She writes about breaking up with debt, freelancing, and side hustle adventures at DearDebt.com.

Currently she puts more than 50% of her income towards debt, while living a frugal, fun life. In addition to her love of personal finance, art and music, she is also a karaoke master. Follow the adventure @DearDebtBlog.

Latest posts by Melanie (see all)

2 responses to “Dear Debt, It Was Great for a While”

  1. Miss Mazuma says:

    Congratulations! You not only kicked him to the curb but, even better, learned a valuable lesson. Sounds like you are ready to go out and conquer the world!! Best of luck to you. 🙂

  2. Awesome job. I bet it feels great to get rid of one of them. My girlfriend has 8 of them and is refinancing into one big loan, so hopefully she enjoys paying it down one bit at a time
    Millennial Moola recently posted…What to Do When a Bunch of People Quit at WorkMy Profile

Leave a Reply

Your email address will not be published. Required fields are marked *

CommentLuv badge