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2019 Debt Freedom Plan Update

Family Balance Sheet

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. Our 2019 Financial Goal. Our Debt Freedom Plan (October 2019 Update): Exact numbers have been omitted at this time. 3 – Cash flow necessary business expenses and renovations.

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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

As the Family Office Manager , I handle the day-to-day finances for our family and I needed a way to communicate our finances to my husband. Our small business was going well, so we said so long to renting office space and purchased a commercial property in the summer of 2012. I still use my spreadsheet to this day! Storm #2: 2013.

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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. 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. Also, the monthly mortgage payment was less than our rent payment.

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Our 2018 Financial Goals

Family Balance Sheet

If nothing changes, this loan will be paid off by end of 2019, but I’d love to move that up and say adios to this loan! If not, we’ll start saving in 2019. Cash flow necessary business expenses and renovations. Our estimated payoff date is by the end of 2019. Move up the Student Loan Payoff Date.