<i>Mihalic said he spent months taking a flask of liquor to bars so he could continue to go out drinking with friends without running up a tab.</i><p>Even better for the wallet, the liver, and the streets...you could be a designated driver for your friends and have them pitch in for gas and parking, and some bars will even comp your nonalcoholic drinks.
His blog is nomoreharvarddebt.com, and includes a detailed breakdown of his spending habits. I always see posts about bootstrapping on here, and as intrigued as I am, they often lack specifics, so this was incredibly helpful to an aspiring 18 year old entrepreneur entering college.<p>P.S. If anyone knows of a series of blog posts or even a book that breaks down the expenses (business and personal) of bootstrapping I startup, I'd definitely be interested!
Unless he had crazy high rates on those loans even the most conservative investments would have put him in a better position over time. There is no real reason to be frantic about paying debts, especially if you have a Harvard degree and a six figure job.<p>Also, I doubt this article is going to help anyone. The majority of people stressing about their 6 figure loans are not in his situation.
I find it interesting that people are willing to take a mortgage out on a house (he did this as everyone does) and fully understand that it is totally reasonable to have to take 30 years to pay that off, or pay for a car over 3 to 5 years, but for some reason of all things, a Harvard education which they owe $90,000 on, is a burden that needs to be retired as quickly as possible.<p>There is nothing inherently wrong about paying over time for something you will use over time.<p>Added: Save the obvious publicity bonus (noted by the WSJ and in the WSJ of all places) he could have done this more easily over the course of 2 to 5 years with normal cutbacks even assuming no salary increases.