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How We Paid off Six Figures of Debt

Family Balance Sheet

We had been renting for over 10 years and we were ready to find a property to move our business to and eventually build our net worth. Also, the monthly mortgage payment was less than our rent payment. In September 2001, we bought a 1700 square foot home with a one-car garage and ONE full bathroom. Small home = Low Expenses.

Debt 130
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2019 Debt Freedom Plan Update

Family Balance Sheet

Happy New Year’s 2019: In January 2019, we were down to one final non-mortgage loan, so we created just one financial goal for the year—-to pay off that last non-mortgage debt by December. We never stopped taking vacations, but our trips were mostly camping in our pop-up or renting a beach house with other families.

Debt 100