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

MAY 6, 2020

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.

Debt 130

Debt Emergency Fund 2007 2020 130

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? We drive older cars.

Debt 130

Debt Health Insurance Insurance Budgeting 130