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2019 Debt Freedom Plan Update

Family Balance Sheet

Our 2019 Financial Goal. Happy New Year’s 2019: In January 2019, we were down to one final non-mortgage loan, so we created just one financial goal for the year—-to pay off that last non-mortgage debt by December. Our Debt Freedom Plan (October 2019 Update): Exact numbers have been omitted at this time.

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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

I remember one morning my husband and I were sitting at the kitchen table contemplating if we should sell one of our cars. But in August 2013 , our business softened, renovations to our new building were more costly than planned, and we were now the owners of two mortgages: our home and our business. It was a scary time for us.

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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. Aside from the mortgage, we also added equipment and renovation loans with the purchase, and we had a student loan. In September 2001, we bought a 1700 square foot home with a one-car garage and ONE full bathroom.

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