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Yakezie Carnival November 13, 2011- November Edition

Prairie Eco-Thrifter

This week I as your host have chosen the theme of “November” and here is why. November to many of us means nothing more than turning on the heat, finishing the yard work, and beginning our hibernation from the cold. Here are some cool things that happen in November. On November 18, 1883, standard time began in the United States.

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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. We still have a mortgage, so we’re technically not DEBT-FREE, but we paid off over 6 figures of business debts and student loans since 2012 and have wiped out our NON-mortgage debt.

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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. As part of his baby steps, he does not advocate contributing to retirement until after you’ve paid off non-mortgage debts and saved 3-6 months of expenses in an emergency fund.

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Our 2017 Debt Freedom Plan Update

Family Balance Sheet

Our Debt Freedom Plan Started in 2013: The year 2012 was quite exciting for me and my husband. We used quite a bit of our home’s equity in 2012 to put towards the down payment on the commercial property and this added to our debt load. Build up our Emergency Funds to 3-6 months of expenses.

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