At this moment I currently have over $72,000 worth of debt. That’s a lot of freaking money. You may be wondering how it got that high. I didn’t take out the maximum amount of student loans or go crazy with credit cards. My biggest problem was interest and late fees specifically with my student loans. I seriously didn’t take the loans serious my first couple years out of college. With interest and late fees the loan amounts have increased significantly. One day I realized that for me to start making real moves in life I can’t have debt anymore.

I have dreams of owning a business or two. Being in large consumer debt is not an option. When it’s time for me to get a business loan I want to make sure I receive the best interest rates. Having a ridiculous amount of debt won’t give me that option.

That is one of the main reasons why I plan on eliminating that debt. It’s not going to be easy, but it has to be done.  I will be using principles from Dave Ramsey’s “Total Money Makeover” and T. Harv Eker’s “Secrets of The Millionaire Mind”. I will be paying off my debt from smallest to largest using the debt snowball effect. I plan to still have some sort of life. I will not waste much money. I will cook and stay home a lot more. The one thing that I won’t stop doing is traveling, though. It’s my addiction. I only travel 3-4 times per year anyway.

How do I plan to make this happen?

I plan to continue to create multiple streams of income.  I have a full time 9-5 job. I am looking for a part time gig to work a couple days each week. I am selling multiple items on eBay. I am also looking to make more money online.

Some people think I’m crazy. I’ve heard people say forget them loans and just wait for them to be forgiven in 10 years since I work in higher ed. Forget that. That’s not an option; I plan on being debt free before then. By becoming debt free quicker I will be able to put more focus towards my online business endeavors.

I want to make this happen by October 17th 2018. That is just over three and a half years from now. That will also be my 35th birthday. Having no more student loan debt will be a hell of a birthday gift.

The debts that I will be eliminating are my Sallie Mae student loans, Discover credit card, Loan 2, Wells Fargo loan, Bank of America credit card, Credit Union Loan, and Fed student loans. Wish me luck!



Previous post

5 Tips for Using Twitter Lists Like a Pro

Next post


Jason Butler

Jason Butler

Jason Butler is the creator of The Butler Journal, a website where he educates people about college information, debt reduction and travel. He saw that there weren’t many sites out there like his, that were targeted towards young urban professionals. He wanted to make sure that the younger generation didn’t make some of the same mistakes he did. Jason was born and raised in Atlanta, Georgia. He received his Bachelor’s degree in Marketing from Savannah State University. He is currently in the process of eliminating over $70,000 worth of debt. Make sure you follow his journey.


  1. April 28, 2015 at 11:39 pm — Reply

    I’m doing the exact same thing. I will be debt free this year though. I’m accelerating my freedom plan.

  2. Jason Butler
    May 2, 2015 at 9:49 am — Reply

    Congrats. Continue to make it happen!

Leave a reply

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