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A Goal Without a Plan is Just a Wish

Family Balance Sheet

However a few years ago, we found ourselves with too much debt and not enough cash. After renting an office for 12 years, we had nothing to show for it and the space was starting to feel a bit cramped. We paid our bills on time, never carried credit card debt from month to month, but in that moment we could not pay our bills.

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How We Paid off Six Figures of Debt

Family Balance Sheet

It was so big that I cried for two days straight– we paid off six figures in non-mortgage debts. 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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Buying A House In 2023: A Step-By-Step Guide

Savings Corner

Would renting for another year or two improve your financial standing? These things can hurt your credit score or impact your debt-to-income ratio, which can imperil your final loan approval. Do a final walk-through A final walk-through is your opportunity to view the property one last time before it becomes yours.