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A Goal Without a Plan is Just a Wish

Family Balance Sheet

The building offered so much potential, but needed a lot of work and we set out to renovate our dream office. The business softened, renovations were more costly than expected, and we were now the owners of two mortgages, our home and our business. We were excited to cross this accomplishment off our bucket list.

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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. By the summer of 2013, we found ourselves in a pickle–we had too much debt and not enough cash flow. In September 2001, we bought a 1700 square foot home with a one-car garage and ONE full bathroom.

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Our 2018 Financial Goals

Family Balance Sheet

I want to go through our basement, closets, and garage to look for unused items that we can sell. Our Debt Freedom Plan (an update): In 2013, we found ourselves with a lot of debt and not enough cash flow. Cash flow necessary business expenses and renovations. Our Debt Freedom Plan (2013). DONE – 6/1/2014.