DISCLAIMER: WE ARE NOT CPA'S, FINANCIAL ANALYSTS, ETC. In early 2016 we recognized we needed to make some changes financially. Unfortunately we did it backwards. Our main focus was finding other streams of income, in our case rental properties, as a way of funding college and weddings for our kids. We also took a look at our outstanding debt and started trying to chip away at that, but with no re
al focus. In the fall of 2016 we started listening to/reading Dave Ramsey material. We began our debt snowball (BS 2 for those familiar), which is what we should've started with before acquiring rental properties. Using Ramsey's snowball and a solid budget, we were able to pay off $61,000 in debt in 19 months. We are now focused on BS 4/5; for those unfamiliar that is contributing to retirement and funding kid's college. Admittedly we did not follow Ramsey's steps exactly; we feel everyone's situation is unique. That being said, EVERYONE can benefit from Ramsey's plan in some way. It may not be fun (it's not supposed to be), but it can be done. 80% of personal finance is behavior; to accomplish what's best for you and your family, sacrifice will be necessary. If done properly, for most people, that period of sacrifice will only last a couple of years. If you're serious about changing your future, and your family tree, we can help. Please feel free to ask questions about your situation or more about our journey.
