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Create your debt freedom plan

Family Balance Sheet

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

Debt 130
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Net Worth Defined: What Is My Net Worth?

Savings Corner

To calculate your net worth, take inventory of what you own, as well as your outstanding debt. A person can bring home a big paycheck but have a low net worth if they spend most of their money. That includes revolving consumer debts — such as credit card balances — as well as personal, auto, payday and title loan balances.

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Meet a Reader | Mid-Atlantic Julia

The Frugal Girl

I think I started reading FG regularly in 2018 or 2019. My husband and I bought our first home in 2013 when interest rates and housing prices were pretty low. We knew that I would likely not be working full time much longer as we wanted to start a family, so we chose a house that was in a low price range and got a 15-year mortgage.

Money 195
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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. 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.

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