Ladies, if a man confessed to having a huge debt while you are dating, would you go ahead and marry them? Many ladies would never give it a shot. The fear of getting into a marriage and bringing in debt is real!
Today on the show, we have a couple that did not allow debt to stop them from getting married. Alfred brought in a debt of $145,000, while Felice made sure that she brought in no debt. When they got married, they agreed on aggressively paying off Alfred’s debt.
What’s more amazing about Alfred and Felice is the fact that they had a wedding and they paid for everything in cash. No credit whatsoever. This couple amazingly complements each other. Felice is the spender while Alfred is the saver.
In December 2019, they decided to pause on the loan repayment to work on their relationship, find better ways of repaying the debt, build wealth, and concentrate on their daughter. That is a bold move.
Listen in and get inspired by Alfred and Felice.
What You Will Learn
- The importance of having a budget
- The importance of excellent communication between couples
- House hacking and what it entails
- Why would you consider pausing a loan repayment?
Resources Mentioned
Thanks For Listening!
Thanks for tuning in to us on The His & Her Money Show. If you’ve enjoyed this episode, please share it using the social media buttons you see at the bottom of the post.
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.
