How far would you go to get out of debt? Would you sell your car? Move out of your house? Take a minimum wage job scrubbing toilets in Alaska? Ken Ilgunas, author of Walden on Wheels: On the Open Road from Debt to Freedom, was willing to do almost anything to free himself from the burden of his student loans. Living as frugally as possible, he worked as an Alaskan janitor, hitchhiked his way across the country, and lived in a van to pursue his dream of a debt-free life. With the ideals of Thoreau and the heart of Kerouac, Ilgunas’ journey from loan-ridden student to financially-independent ascetic is in turns humorous, touching, and inspiring.
Ilgunas started his college career similar to many millennials in the mid-2000s, largely oblivious to the quiet specter of loan debt that would slowly accrue over the course of his degree. Purposeless and skill-less, he graduated with a liberal arts degree, no job prospects, and a burning desire to pay off his debt as quickly as possible. But unlike other students who begin a traditional career, Ilgunas set out on a haphazard, occasionally reckless, and strangely successful quest to live as cheaply as possible while earning money in low-wage jobs in very odd circumstances. After working himself out of debt, Ilgunas vowed to remain debt-free forever while also trying to go to graduate school, a feat that seems impossible until he stumbles on the idea of eliminating housing expenses by living secretly out of his “creepy red van.”
Part social experiment, part return to the wild, part ultimate road trip, Walden on Wheels blends idealism and practicality into a remarkably effective solution to the increasingly pervasive problem of coping with a suffocating amount of debt. Millennials, parents of millennials, and those longing for financial freedom will rally around this account of a unique approach to a very common dilemma.