Tracy and I have been married for 20 years, and during that time, we have always
carried some form of debt. At one point in our marriage, we found ourselves being
obligated to 20+ creditors and about $40,000+ in debt outside of our mortgage. But
because we decided to utilize the Financial Fitness Program and apply its principles,
we have been able to eliminate seven of the last eight creditors and the $25,000 that
we still had remaining from the original $40,000. However, we didn’t do that without
challenges; we had to buy a new car, we had to pay over $1,000 in home repairs, Tracy and I both had
medical outpatient surgeries that we had to pay as well. But if it were not for our coaches and mentors,
Tracy and I would have probably spent our entire life carrying that debt. We would have been stuck
square in the Financial Matrix; but now because of the Financial Fitness Program, we are able to spend
the rest of our lives chasing our dreams!
We love Financial Fitness! We came up with a mortgage pay-off challenge by coming up with a few steps. 1) The burning desire to become debt-free. We were sitting at $110K of debt (we’ve been able to cut that down to less than half now) and we are now within 12 months of being debt free! 2) Communication with your spouse. 3) Developing a budget and following the budget 4) We use a cash envelop system that helps us stick to our budget. 5) Patience. By following these steps we’ve been able to make a significant difference in both our relationship and our debt reduction.
Ryan and Becky Wooldridge