We have been implementing the defense part of the Financial Fitness Program and
we were able to eliminate our first loan today. It was a small loan in the amount of
$4,500. I was able to go into the bank today and make the last payment on it. So now
I can take that amount and apply it to the next largest loan and just continue on the
path towards debt freedom.
My wife and I started the Financial Fitness Program in January of 2014. At the time,
our debt totaled roughly $163,000 to include our home. Student loans, personal loans,
auto loans, mortgage, medical bills, credit cards, energy efficient windows, you name
it, we financed it! Fast forward to today, we have one medical bill and our mortgage
left. In two years, with the income we were already making and going through a job lay
off, we still managed to pay off $43,000 of debt!!! The principles work if you work them!
We have set a goal of being completely out of debt by August 10th, 2018! I LOVE telling people this story
to help them start their journey towards financial freedom!