Family Balance Sheet
OCTOBER 18, 2019
Our Debt Freedom Plan has been a long winding road. 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. To ease my anxiety about our new loans, we took the Financial Peace University home course and it changed how we thought about debt.
Family Balance Sheet
APRIL 9, 2021
Many years ago, my husband and I faced what we thought was an insurmountable hurdle– six figures of non-mortgage debts. Prior to FPU, we thought we were doing well financially and never considered that we had too much debt. But Dave Ramsey’s view of debt is very different. Debt is Dumb and Cash is King.”. “…and
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Family Balance Sheet
MAY 21, 2021
Did you make a goal to pay off debt this year? For many years, we made a yearly goal to chip away at our six figures of non-mortgage debt. It took us years to pay it all off, but we achieved it in 2019. Our journey to debt freedom started back in 2013 when we found ourselves saddled with business and student loans.
Family Balance Sheet
JANUARY 8, 2020
However, 2019 was the first year that I found a word that I could stand by. I adored my word and everything about what I was trying to achieve for 2019. By the end of 2019, I achieved one major bullet point and the others will continue to be a work in progress. My word was REDUCE: Non-mortgage debt to zero.
Family Balance Sheet
JUNE 22, 2020
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.
Family Balance Sheet
MAY 6, 2020
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.
Family Balance Sheet
JANUARY 11, 2019
In 2018, we decided to focus on just 2 main financial goals and before I share my 2019 goals I thought I would give you a recap on 2018. We hunkered down and paid our expected medical expenses and by the end of 2018, we were also able to save enough money to cover us for 2019. I almost stopped writing goals down altogether.
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