Family Balance Sheet

JUNE 4, 2015

To many, working with a spouse would be too difficult, but our individual strengths and weaknesses complement each other and the arrangement has worked well. After renting an office for 12 years, we had nothing to show for it and the space was starting to feel a bit cramped. Unfortunately things changed rather quickly.

Goals 100

Goals Debt Renovation Daughter 100

Family Balance Sheet

OCTOBER 18, 2019

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.

Debt 100

Debt 2019 Financial Goals Emergency Fund 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. Everything looked great on paper.

Debt 130

Debt Health Insurance Insurance Budgeting 130