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2019 Debt Freedom Plan Update

Family Balance Sheet

3 – Cash flow necessary business expenses and renovations. We started with 5 loans and paid the smallest loan off first, while making the minimum payments on the other 4 loans. What we are doing with extra money now that #4 is complete: Now that #4 is complete, we have decided to make #5 a priority. . | DONE – 6/1/2014.

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How We Paid off Six Figures of Debt

Family Balance Sheet

Aside from the mortgage, we also added equipment and renovation loans with the purchase, and we had a student loan. With that much debt, we needed some go big or go home heavy hitters that would make a big impact on debt reduction. In September 2001, we bought a 1700 square foot home with a one-car garage and ONE full bathroom.

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