How We Paid off $48,032 of Debt in 1 Year

In May 2010, I married my dream girl. She was funny, beautiful and chock-full of 90’s TV trivia. Our first couple of dates consisted of a lot of Saved by the Bell and Seinfeld jokes.

Outside of knowing the Soup Nazi episode verbatim, Nicole and I both came into the marriage knowing the general basics of personal finance. You know, advice like:

  • “Don’t carry a credit card balance”
  • “Always have some savings for a rainy day”
  • “Good debt is okay to have”

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Budget Your Way to Financial Freedom in 5 Steps

When my wife Nicole and I started our marriage, we were $50,000 in debt and spending money like it was our full-time job.  I, for one, had no issue going on vacations, driving cars and updating our home all on credit.

When we started thinking about having kids, Nicole and I knew it was time to break our addiction to debt.  We knew we needed a plan to master our money.

We had heard that developing a monthly budget could help us in eliminating debt, saving more money and reaching our goals.  So, we gave it a go.  It was rocky at first, but soon it became habit.

Fast forward six years later, we’re debt-free, our net worth has increased by $800,000 and we are mortgage free. We’ve never been happier.   

The catalyst for this major change in our lives was creating and sticking to a monthly budget.   

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How to Live with Intention in the New Year

For the new year holiday weekend, my family drove up to Marquette, Michigan to spend some quality time with my sister and her family.  A winter trip to the Upper Peninsula of Michigan might not sound like the thrill of a lifetime to some, but for us Marquette is our family’s little slice of heaven.

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How to Talk to Your Spouse About Money – with Elle Martinez

Building wealth is a lot like building a strong marriage.

Both require determination, passion and the ability to communicate effectively.

Determination

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2017 Goals: Marathon, Mortgage, Millionaire

2017 is right around the corner!  

I’ve made some exciting and challenging goals for myself for the new year.  Some are short-term and some are long term.  I like to dream big with my goals, but also infuse some reality into the process.

2017 is my “M&M&M” year … Marathon, Mortgage and Millionaire.

Goal 1:  Marathon

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15-Year Mortgage Paid Off in 5 Years

During late 2013 while I was traveling out-of-town for work, my wife Nicole found our “forever house”.

This home had everything she was looking for including an attached garage, open floor plan, updated kitchen, walk-in closet and a big backyard on a half-acre lot. She told me that this was THE ONE and as soon as I got home from out-of-town, I had to see it.

My wife has excellent taste and the majority of the time we are in sync. I wasn’t worried about liking it. I was worried about getting a BIG OLE MORTGAGE to pay for it!

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Make Money on Airbnb – with Victor Mangona

About a month ago, my wife Nicole and I were at a wedding for one of our good friends.  At our table, I struck up a conversation with a random guy named Victor Mangona.  I discovered that Victor and his wife Kate are both doctors and they live in a swanky part of Dallas called Highland Park.  Victor and I got to chatting about their adventures in real estate investing as their new side business.

Rental Real Estate

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5 Reasons to Choose a 15-Year Mortgage

3 years ago, Nicole and I moved into our forever house.  It was love at first sight.

Compared to our previous 1,100 square foot bungalow, this new tri-level home had a bigger yard, an open floor plan and neighbors that became instant friends of ours.

When it came time to choosing the mortgage, we didn’t want our dream home to turn into a nightmare.

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My Credit Card Makes Me Happy

One random day five years ago, I was eating lunch at home and messing around on this new thing called an “iPad”.

Because I’m a money nerd, I went to the iTunes store, searched for personal finance and I found Dave Ramsey’s app.  Before that $5 footlong lunch, I knew nothing about Dave Ramsey.  By the time I finished my meal, I was absolutely hooked on his brand of no-nonsense debt elimination advice.

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4 Newlywed Debt Destruction Tips

In 2010, my wife Nicole and I got married and started our lives together. Financially speaking, we both really enjoyed the DINK (double income with no kids) status in our first year of marriage.  We had a blast going to music festivals, vacationing in the Caribbean and treating ourselves to countless steak dinners.  

But something was looming that I hadn’t addressed … My mountain of debt that I brought into the marriage.  

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