The Great Recession (2007-2009) caused higher levels of unemployment, plummeting real estate values and a lot of people to feel uneasy about their financial situation. Many parts of the United States were hit hard during this financial crisis, especially my home town of metro Detroit.
Today, I talk with Christin McKamey, a fellow metro Detroiter and the blogger behind Veggie Chick. We discuss how the Great Recession affected her and her husband Robert financially and emotionally. At one point, Christin found herself in nearly six-figures of debt with no job prospects. Her drive to improve her financial situation helped her to eliminate her debt and eventually become mortgage-free.
We chat about her and her husband’s financial past and upbringing, how she earned extra money to get rid of her debt and what they will do with their money now that they are mortgage-free.
On our Mortgage Freedom Series today, we’re going to interview a couple that paid off their mortgage in less than 3 years and is now one step closer to financial independence because of it. Julien and Kiersten Saunders are my guests today and they are the creators of Rich and Regular, a hot new personal finance media brand that is growing in popularity because of its honest, informative and relevant approach to money.
Julien and Kiersten’s story and advice have been featured in big publications like the New York Times, MarketWatch and Forbes. And when they’re not talking about money, they’re traveling the world and raising their son in Atlanta.
In late 2017, we paid off the $195,000 mortgage on our dream home. After 4 years of focus and partnership with my wife Nicole, we’re now completely debt free and thrilled about the future ahead of us.
To help our two young children remember this family tree-changing moment in our lives, we decided to celebrate with them. Instead of just burning the mortgage and tipping back a few glasses of champagne (which we did too), we came up with a few unique ideas of our own like running through a “Mortgage Wall” and whacking a “Mortgage Piñata”!
The kids had a blast and so did we. This was a moment we wanted our kids to remember. It was the day we decided that our family was going to become debt free for life.
The beautiful fall day outside of my office windows made it tough to concentrate that day. Not only were the leaves on the trees changing, our family’s financial situation was about to change as well.
Eventually, I made my way out of the office for the day and into the crisp autumn air. I took a deep breath to appreciate the moment and said to myself, “THIS is going to be a life changing day for our family.”