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2019 Debt Freedom Plan Update

Family Balance Sheet

The journey started in 2012 when we bought an office building for our business and then found ourselves with a lot of debt and not enough cash flow. 2016 & 2017 Update. 3 – Cash flow necessary business expenses and renovations. Our Debt Freedom Plan has been a long winding road. We were trying to be responsible.

Debt 100
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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

Our small business was going well, so we said so long to renting office space and purchased a commercial property in the summer of 2012. But in August 2013 , our business softened, renovations to our new building were more costly than planned, and we were now the owners of two mortgages: our home and our business. Yep, life was good.

Debt 130
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How We Paid off Six Figures of Debt

Family Balance Sheet

How we got to six figures of non-mortgage debt: In the summer of 2012, we found an opportunity to purchase an office building for our small business. Aside from the mortgage, we also added equipment and renovation loans with the purchase, and we had a student loan. An Update on Medi-Share – September 2017.

Debt 130