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. 1 – Save a starter Home Emergency Fund. Dave Ramsey suggests to have a starter emergency fund of $1000 while focusing on paying off non-mortgage debt.
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. As part of his baby steps, he does not advocate contributing to retirement until after you’ve paid off non-mortgage debts and saved 3-6 months of expenses in an emergency fund.
Family Balance Sheet
FEBRUARY 10, 2017
At the time we were renting an office space in a strip mall, but when we discovered a foreclosure in our town that seemed like a great idea on paper, we jumped at the chance. Our extra funds went towards our cash flow. At that time, I couldn’t cash flow the office budget, home budget, our loans, and retirement savings.
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