Family Balance Sheet

JUNE 4, 2015

When a building in our town went into foreclosure in 2012, we considered the opportunity to own. The building offered so much potential, but needed a lot of work and we set out to renovate our dream office. We paid off our first renovation loan in December 2014 and the next loan should be paid off by the end of this summer.

Goals 100

Goals Debt Renovation Daughter 100

Family Balance Sheet

JUNE 22, 2020

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. 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. What could possibly go wrong?

Debt 130

Debt Health Insurance Insurance Budgeting 130

Family Balance Sheet

MAY 6, 2020

I am totally paraphrasing the year, but had it not been for the money in our emergency savings, we would most likely have used credit cards to survive. We spent the next few years building our savings back up to the level we had prior to 2007. What got us through financially? Our emergency fund. Yep, life was good.

Debt 130

Debt Emergency Fund 2007 2020 130