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How We Paid off Six Figures of Debt

Family Balance Sheet

We had been renting for over 10 years and we were ready to find a property to move our business to and eventually build our net worth. As part of his baby steps, he does not advocate contributing to retirement until after you’ve paid off non-mortgage debts and saved 3-6 months of expenses in an emergency fund.

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Meet Tracy, a Single Mom Who Paid Off $41,587 | Debt Free Stories

Family Balance Sheet

Watch Tracy’s Debt Free Scream. I’m working on baby step 3 (3-6 months emergency fund) while paying cash for my new home projects. Find ways to motivate yourself and hold yourself accountable. How did you celebrate when you became debt free? Celebrate your successes.

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