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2019 Debt Freedom Plan Update

Family Balance Sheet

Our Debt Freedom Plan has been a long winding road. 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. Dave Ramsey suggests to have a starter emergency fund of $1000 while focusing on paying off non-mortgage debt.

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How We Paid off Six Figures of Debt

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It was so big that I cried for two days straight– we paid off six figures in non-mortgage debts. 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. Living a life focused on paying off debt is not always easy.

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Meet Carrie. She Paid Off $14,000 in Debt in 14 Months.

Family Balance Sheet

How did you celebrate when you became debt free? I became debt-free on May 29, 2012 and the first thing I did was quit my job as a seasonal tax pro. I only pay for Netflix and Hulu Plus, which is around $18 a month — a far cry from my $90+ satellite TV bill.

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