A lot of people have the desire to pay off their debts or are in the process of doing so. Others have the mindset of seeing it as normal and consider financial independence as something impossible to attain. Being committed and in control of your life will lead you to your goals because it is possible. It’s just a matter of choosing the best way to win. Make the decision to be free. Thus, you don’t need to work just because you have debt. Furthermore, you can retire early and live freely and happily.
On today’s episode of the His and Her Money Show, we have a young couple, Leo and Faith, who have an awesome debt-free story. This phenomenal couple is on a debt-kicking mission and is half-way to the finish line. They have paid off $115,000 of debt in 12 months! How? Listen to the episode to find out the strategies that they applied.
If you’re in debt, you’re a slave.
Faith is really passionate about debt freedom, helping people get out of debt, and talking about finances. Leo is an occupational therapist, who loves to play basketball during his free time, and is passionate about sharing their story of hope.
At first, Faith had a mindset of seeing debt as normal and planned to take care of it later. She bought all the things she wanted, the opposite of Leo. Leo, in fact, motivated her to settle their debts first in order to begin a family. They have figured out the purpose and vision of their marriage. Having financial conversations before they’ve got married helped them to address their goals early on.
Leo and Faith did some side hustling, spending almost all their time working and attacking one loan at a time. They have created a poster to visually see the flow of their debts and payments. Furthermore, they are treating it seriously and considering it as a kind of motivation. They are dedicated and are digging their heels in to get to the finish line.
They leave words of encouragement about dreaming, thinking about what life would be like without debt, and believing that it’s not going to last forever!
What You Will Learn
- What pushed Faith to shift her mindset about getting out of debt.
- How Leo and Faith Paid Off $115,000 of debt in 12 months.
- The practical steps they have taken to destroy a huge amount of debt.
- How they build and strengthen their relationship while doing side hustling.
- How to avoid burnout when paying off debt.
- The things they’ve learned throughout the debt freedom journey.
- Why you should work to pay off debt.
Resources Mentioned
- The Millionaire Next Door: The Surprising Secrets of America’s Wealthy by Thomas J. Stanley
- Love Your Life Not Theirs: 7 Money Habits for Living the Life You Want by Rachel Cruze
- https://freedomisachoicemvt.com/
Thanks For Listening!
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Today’s show was sponsored by Teach Me How To Budget. If you are ready to gain freedom in your finances once and for all then enroll in our brand new personal finance course Teach Me How To Budget.
