It’s been two years.
Two years ago today, we paid off Sallie Mae at 9am and called into the Dave Ramsey Show that afternoon to do this:
My most favorite part of that call was AFTER we hung up – make sure to listen to that!
In some ways, it feels like that was a lifetime ago. In others, it feels like it was only yesterday.
3 years, 8 months and 27 days prior to that day, we were in SUCH a different situation:
– no money in savings
– living paycheck to paycheck
– $43, 544 in consumer debt AND
Years of bad money habits, bad money choices and keeping up with the Jones’ had finally caught up to us. On January 1, 2010 we started FPU.
The information we learned in that class literally saved our financial life.
So, how has #debtfreelife been since September 27, 2013?
We paid cash for a new-to-me car.
We’ve been on “paid for in cash” vacations.
I am an entrepreneur and have a successful financial coaching company which started in 2012.
I’ve been to see Elton John 7 times – The HIGHLIGHT of these 7 being my EPIC adventure to Brooklyn for NYE where I had a backstage pass and met everyone in the band! All trips paid for in CASH. (You may remember that my #1 reason for becoming debt free was to pursue my dream of meeting Elton John which, really, can only be done if I GO to the concerts)
We recently completely renovated our kitchen and paid CASH for the entire project!
We have completed Baby Steps 1-3 and are in the process of working on 4,5,6. We have a plan to have the mortgage paid off by 2018 – 16 years EARLIER than “normal”.
We no longer live paycheck to paycheck. The money we used to pay towards debt is now used to be a blessing to others. Most importantly, the FPU way of dealing with money is the ONLY way our boys have ever known. We have indeed created generational change.
It HAS been harder to stay debt free then it was to get out of debt in the first place. Changing habits is HARD and it’s so easy to fall back into bad habits. BUT, we have done well and stayed focused on our short and long term goals.
It hasn’t always been easy…but it has definitely been worth it!
Here’s to another year of amazing life after 40!