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How We Paid off Six Figures of Debt

Family Balance Sheet

In September 2019, my husband and I accomplished our biggest financial goal in our almost 20 years of marriage. It was so big that I cried for two days straight– we paid off six figures in non-mortgage debts. After the first year, the new business debt weighed on me. Our non-mortgage loans totaled over six figures.

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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

How Our Debt Freedom Plan Prepared Us for the Pandemic. We’d survived the dip in 2007, carried no credit card debt, and we were contributing to our retirement. This new business debt weighed on me. I decided to use Dave Ramsey’s 7 Baby Steps as a guide and I wrote our first Debt Freedom Plan. Storm #2: 2013.

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Richard Liu’s Company JD.com Appears On The Fast Track For Early 2019

Prairie Eco-Thrifter

Liu Quingdong, the CEO of JD has been fairly happy with the start to 2019 for his company because revenue has actually beat the projected start of 120 billion Yuan at 121 billion Yuan according to statements released. This program has been in addition to other advanced tech JD uses.

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How I’m Managing our Family Budget during the Pandemic

Family Balance Sheet

We paid off our last non-mortgage debt in September and have since sent that loan’s monthly payment to our mortgage principal. We didn’t have enough cash saved to buy a car without a loan and that wasn’t sitting well with me. I will eventually buy a machine, but for now, my morning coffee is secure.

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Our 2018 Financial Goals

Family Balance Sheet

This is our very last non-mortgage loan and we send an extra payment every month as part of our Debt Freedom Plan. If nothing changes, this loan will be paid off by end of 2019, but I’d love to move that up and say adios to this loan! If not, we’ll start saving in 2019. I’ll apply that money to the debt.

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Our Family Finances Update: January 2021

Family Balance Sheet

The backstory: In November 2019, my van was in need of new tires and I was debating on whether to get the new tires or start looking for a replacement vehicle. I talk a lot about debt freedom and that is still a goal of ours, and our Debt Freedom Plan will be adjusted. We…took out a car loan. Yes, you read that correctly!

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Net Worth Defined: What Is My Net Worth?

Savings Corner

To calculate your net worth, take inventory of what you own, as well as your outstanding debt. On the other hand, even people with modest incomes can accumulate significant wealth and a high net worth if they buy appreciating assets and are prudent savers. Or, you can think of net worth as everything you own less all that you owe.