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5 Lessons Learned When Our Finances Went Awry

Family Balance Sheet

August 2013 was a month that I’d like to wipe from my memory. 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. Prior to that, we thought we were golden. Yep, life was good.

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Update #1: Our Debt Freedom Plan

Family Balance Sheet

It happened in 2006 and again in late 2012 to early 2013. By summer 2013, our savings was at an uncomfortable level. We also have some renovations and equipment that cannot wait and we need to cash flow. It felt like it was taking forever to get to that point and to be honest my husband was feeling burned out.

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