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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 ran the numbers of the purchase and they looked great on paper, but paper doesn’t account for a new server, a roof leak, unexpected medical bills, and other calamities.

Debt 100
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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. Everything looked great on paper. This side hustle income was mainly used for the fun stuff, such as camping, home renovations & repairs, and needs for our kids.

Debt 130
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Create your debt freedom plan

Family Balance Sheet

Many years ago, my husband and I faced what we thought was an insurmountable hurdle– six figures of non-mortgage debts. These were loans that we knowingly took on and looked great on paper, but they became a weight on our shoulders. We also had some building repairs that we needed to cash flow. Paying off debt is not fun.

Debt 130