Over here at His and Her Money, we love hearing your debt elimination stories from smart money couples. In today’s episode, we’ve got Nadia Malik telling us all about her inspiring journey. She and her husband have taken total control of their finances, and they’ve been living debt-free for 10 years.
AND paid off a house.
Did we mention this was almost all done on a single income?
That’s right! Nadia and her husband are accidental money superstars. 10 years ago, debt freedom wasn’t the most talked-about subject. They had debt, but they were both working, didn’t have kids, was renting an apartment, and life was simple – and then Nadia’s car broke down.
That’s when reality hit: money was good, but they couldn’t afford Nadia’s dream car due to their maxed-out credit card situation. Was this what life was going to be forever? Not if they could help it!
Nadia and her husband doubled down to bust out their debt. It wasn’t easy, but prioritizing the financial stability of their growing family, they kept on going and are now living their best lives, debt, and mortgage-free, raising three kids on a single income. It’s an incredible feat, and we can’t for you to listen and get inspired!
What You Will Learn
- Keeping lifestyle costs down as a family
- Finding the mindset to tackle your finances
- Nadia breaks down their debt elimination process
- How their debt-free journey affected their lives in non-financial ways
- Staying focused and committed to your debt-free journey
- Looking past sacrifices to stay focused on the bigger picture
- How their strength as a couple kept them going when the going got tough
- Mindful spending, and getting in the zone
- The learning curve of going debt-free with kids
Resources Mentioned
Thanks For Listening!
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Today’s show is sponsored by Legal and General America. Legal & General America makes understanding and applying for life insurance easy. Also, agents are standing by to help you determine the best coverage to fit your family’s needs.
Visit HisandHerMoney.com/lgapodcast to get started on your journey toward financial wellness.
