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How One Family Paid Off Nearly $110,000 in Credit Card Debt

Posted by on 3:30 am in Debt | 4 comments

How did you acquire “$109,000” in debt? What did that debt consist of? We were simply naive about money and budgets for a number of years. We continued to overspend, using credit cards to coverage shortages of cash. We used the philosophy of if we could manage the monthly minimal payment of the card we could afford it. I wish I could tell you what the debt was, we were so unorganized I really don’t know what it was made up of. We vacationed on credit, we ate out on credit, and we even consolidated a few times rolling a new car payment in a...

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How One Girl Dumped $14,500 in Debt While Working in Retail

Posted by on 3:30 am in Debt | 6 comments

How did you acquire $14,500 in debt? What did that debt consist of? I acquired my debt of $14,500 by simply over spending and not having control over my finances. I would justify my spending as rewards for my hard work. I would over spend on my only child (at the time) out of guilt. I would eat out almost every day. I bought a car because I wanted a nice car and I “deserved it” but it came with payments of $400 a month. My debt consisted of a $9,800 car loan and $4,700 in credit card debt. By 2010 I was living paycheck to paycheck...

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4 Things You Need to Teach Your Kids About Money Before They Graduate

Posted by on 3:30 am in Mentor, Money Habits | 9 comments

So much of the emphasis in today’s world regarding kids and education seems to be focused on “intelligent” learning, such as technology, foreign language, etc., however it’s vitally important that you teach your kids about money in a real and tangible way before they graduate from high school.  A college degree is a great thing, but too many kids these days head out into the adult world of life being a pro in their chosen field, yet not having any idea how to manage their new-found earnings.  With most schools not...

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WKW 47: Planning for Retirement with the Retirement Answer Man, Roger Whitney

Posted by on 3:30 am in Career, Podcast | 2 comments

Our guest for today began his career as a financial advisor in 1991. He left the world’s largest private bank in 2003 and became the co-founder of WWK Wealth Advisors. His mission is to help people make smart financial decisions and achieve the balance between living well today without sacrificing their tomorrow. For this episode, we’ll hear from the Retirement Answer Man himself, Roger Whitney. Here is some of what you’ll learn about from my conversation with Roger: • Finding the balance between living well today without...

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How One Couple Paid off over $100k in Debt in Less Than Five Years

Posted by on 3:30 am in Debt | 18 comments

How did you acquire $109,000 in debt? What did that debt consist of? My wife and I racked up $109,000 in credit card debt through thirteen years of constant over spending. That amount represents everything from food to throwing dinner parties, to trips to Hawaii and Mexico. We just simply didn’t have a budget, and supplemented our income with credit cards. What did it feel like to have that much debt? To be honest, most of the time I didn’t think about it. I put it out of my mind until it was the time of the month that the bills came due,...

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