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5 Steps to CRUSH Debt + FREE Debt Payoff Goal Tracker

Family Balance Sheet

Did you make a goal to pay off debt this year? For many years, we made a yearly goal to chip away at our six figures of non-mortgage debt. It took us years to pay it all off, but we achieved it in 2019. To be honest, our first step in our plan wasn’t even paying off debt.

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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. 6 – Increase our emergency funds for the home & office to 3 – 6 months worth of expenses.

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Create your debt freedom plan

Family Balance Sheet

The 10-year-old server in our office had reached capacity. We also had some building repairs that we needed to cash flow. Pay off all Non-Mortgage Debt. Our non-mortgage debt was in the six figures and included a student loan and business loans. Read about it here: How We Paid off Six Figures of Debt.

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Personal Loans: Compare Top Lenders, Rates

Savings Corner

Ideally, getting one positively impacts your overall financial health, by helping you pay off debt faster, for example, or adding to the value of your home. Home improvement : Need to add on a home office or install a swimming pool? Weddings : Using a personal loan to pay for your wedding can help you stick to a budget.

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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. Living a life focused on paying off debt is not always easy.

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