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2019 Debt Freedom Plan Update

Family Balance Sheet

Our Debt Freedom Plan has been a long winding road. 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. We were trying to be responsible. We can now move on to other financial goals.

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Meet Jackie. She and Her Husband Paid off $147,000 in Debt | Debt Free Stories

Family Balance Sheet

About $52,000 of that $147K was consumer debt (credit cards, a student loan, a car loan, a home improvement loan, etc.) But it wasn’t a decade of nothing but paying off debt. When we first started we couldn’t have even conceived of becoming completely debt free. What inspired you to get debt free?

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Create your debt freedom plan

Family Balance Sheet

The point of the starter emergency fund is to get you through until you pay off your non-mortgage debts, at which point, you build a more extensive fund. Paying off our six figures of non-mortgage debt was one of the happiest days of my life, and really is the defining step of this entire plan.

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How to Achieve Your Financial Goals (tips from the achievers)

Family Balance Sheet

Maureen, from The Debt Free Mess Free Life , suggests that you understand what motivates you to act unwisely and spend frivolously (if that is your situation). If you figure that out you can then work to find healthier ways to fill the void and you can free yourself permanently from the bonds of debt. S = Be SPECIFIC.

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Meet Krista & Jon Who Paid Off $36,000 | Debt Free Stories

Family Balance Sheet

When Jon and I were married, we acknowledged that high paying careers were not on the docket for us, knowing that we wanted to have both comfortable and generous lives we decided that we would have to be incredibly diligent with our resources. The first step in this diligence was paying off debt.

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Carnival of Personal Finance #316- Family Edition

Prairie Eco-Thrifter

Pat S from compounding returns asks Pay Off Debt or Invest for The Future ? Mike from The Dividend Guy Blog tells How To Build A Solid Dividend Retirement Portfolio. Mike from Experiglot discusses Paying Down The Mortgage Vs Investing. I know for me it wasn’t easy; I needed a lot of support and motivation.

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Find out how Charissa and Her Husband Paid Off $7665 of Debt and Cash Flowed College

Family Balance Sheet

However, since paying off our debt, I have become a much bigger fan of the baby steps laid out by Dave Ramsey and really see the wisdom in paying off debt in that fashion. What are the top 3 – 5 ways you found money to put towards debt. I initiated paying off the debt.

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