Debt-free stories are something we talk about all of the time. It’s kind of a specialty for the His & Her Money Show.
Yet, this story is something that will blow your mind.
This couple was able to crush debt, homeschool their kids, build two multi-million dollar businesses…and buy 41 acres of land. All of this happened within the span of a few years.
If you asked Reginald and Pamela about their journey, they would say they are just ordinary folks who did two ordinary things well through faith and discipline.
They took leaps of faith (leaving their job, starting a business and homeschooling their kids). Every time they took that leap, they persisted and grew that leap into something amazing.
In this episode, Reginald and Pamela share the first steps they took to get out of debt and how they made the transition into full-time entrepreneurs and homeschooling parents.
They also share how they balance their unique approaches to money (Pamela is the visionary and Reginald is the number cruncher) to build two profitable businesses that work for their family.
Oh…and did we mention that both of these businesses without debt. On top of that, they also bought 41 acres of land in cash. After getting some wealth, Pamela and Reginald began investing to grow that wealth even more. That exploration of stepping into a new area of faith led to the acquisition of 41 acres of land.
Pamela shared the special reason they bought the land and the mindset shift they adopted when they were buying it.
That mindset shift (along with Reginald’s tips on managing the numbers in your business) is a powerful reason to check out this episode!
Tune in if you are an entrepreneurially-minded person or couple who needs tips and inspiration to take the plunge and build a business without debt so you can live a financial future in freedom.
Reginald and Pamela are the owners of two multi-million dollar businesses they started after Reginald and Pamela left their jobs. You can follow their journey on Instagram (@blackmomceo and @frugalbeardguy).
What You Will Learn
- How a nursing career led Pamela to entrepreneurship
- Balancing a risk-taking personality vs visionary in a relationship
- Balancing entrepreneurship and getting out of debt at the same time
- Financially surviving as a family when you take a leap of faith
- How Reginald and Palmer relied on faith to take strategic leaps
- How Pamela developed a new business based on need
- The sacrifices Reginald and Palmer had to take on their debt-free journey
- Pamela’s and Reginald’s perspective shift on debt and wealth
- How Reginald and Pamela built two multi-million dollar businesses…without debt
- How to grow a debt-free business
Resources Mentioned
- Instagram picture of purchased land in Montana
- Zillow
- QuickBooks
- Accounting Terms Every Business Owner Should Know (Quickbooks.com)
Thanks For Listening!
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