Good vs Bad Debt Debate - It Begins
- Created on 19 January 2015
Trea Branch (of treastwocents.com) is kicking butt and taking names - as far as her student loan debt is concerned. Like many of us, Trea graduated with student debt without much concern or a plan to repay it.
However, after facing facts - she was $180,000 in "good" debt. Is there a such thing as good debt?
The bible teaches that a borrower is a slave to the lender. Any debt has the potential to add stress to your life and present as an obstacle to making financial gains. As such, be done with as much as you can - especially consumer debt - as soon as humanly possible. The good news is the enslavement is temporary, and you can remove the shackles whenever you're ready to get serious about dumping debt.
Trea is and she's today's profile for the New Year New You 2015 series.
Abundant Life After Bankruptcy
- Created on 16 January 2015
My buddy Craig Fossett of Fossett Financial pulled the curtains back on a particularly painful experience that millions of people face each year: bankruptcy.
Bankruptcy can seem like a failure of epic proportions, but it can also be a fresh start if the correct lessons are learned and necessary adjustments are made.
In this New Year New You 2015 profile, we take a look at how abundant life can be achieved after bankruptcy.
Same Team - Attack Debt, Not Your Spouse
- Created on 14 January 2015
Elle Martinez of Couple Money is in the midst of major life transitions. She's expecting her second bundle of joy and accelerating debt repayment intensity to put student loans in the rear view mirror. Working from home, raising children, and working through debt can put a strain on a happy home.
Elle and her husband make it work!
This New Year New You 2015 profile provides "real talk" advice on working with (and not against) your spouse to accomplish goals. The Martinez family practices a Same Team approach to dump debt as a family.
Serve Your Country Not Debt
- Created on 13 January 2015
United States military families face unique challenges as it relates to pursuing debt freedom and a firm financial future. I'm a former military brat (my dad served in the Air Force), but have no experience raising a family, fixing finances, or trying to build wealth while serving my country.
A Journey of 1000 Miles
- Created on 12 January 2015
We know this saying...it begins with one step. That's exactly what Terria Lewis is doing as she consented to share her story for the New Year New You 2015 collection of profiles.
We've talked with many who've made great strides is paying down or paying off debt. The one thing they all have in common...the decided to get started.
Terria's debt situation has a familiar ring: medical debt and student loans! She would absolutely prefer to be free of her student loans, but hasn't given the loans a consistent focus in the past.
Creative Twist on Debt Freedom Revisited
- Created on 08 January 2015
Aja McClanahan was a guest on the Midday Money Show in 2014, shortly after she and her husband, Kelvin, paid off their final debt and celebrated a new found debt freedom. They've been included as a New Year New You 2015 profile because thinking outside of the box to achieve debt freedom is a great source of inspiration for others.
Oh yeah...paying off $110,000 in debt is another great reason to include them too!
Facing Down Debt Fears
- Created on 07 January 2015
Brittany Williams is a 20-something, recent-ish graduate school grad facing new frontiers in life. She's getting married soon!!!!! Yay!
She's also facing a $55,000 student loan bill and a $15,000 car loan with a bit of trepidation. Or at least she was.
Brittany, like many of us, felt isolated while facing this debt burden. Should we keep our struggles to ourselves? What will others think if our money mishaps become public?
Thankfully, she and a co-worker hit upon an idea - the Power of Community! They began working together, sharing ideas, and providing each other accountability. They became Money Buddies!!! They share their progress toward financial freedom (while enjoying life) on a blog called Fun on a Budget.
Brittany shares her story of overcoming fear as she faces down debt in this New Year New You profile.