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2019 Debt Freedom Plan Update

Family Balance Sheet

. … cue the Jefferson Starship song, “Nothing’s going to stop us now”… Fast forward to September. 3 – Cash flow necessary business expenses and renovations. 4 – Pay off all Non-Mortgage Debt. | DONE September 2019!!! We’ve been in our home since September 2001. DONE 2015.

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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

But in August 2013 , our business softened, renovations to our new building were more costly than planned, and we were now the owners of two mortgages: our home and our business. 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. Yep, life was good.

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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. Aside from the mortgage, we also added equipment and renovation loans with the purchase, and we had a student loan. In September 2001, we bought a 1700 square foot home with a one-car garage and ONE full bathroom.

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