Top products from r/quitdebt
We found 1 product mention on r/quitdebt. We ranked the 1 resulting product by number of redditors who mentioned them. Here are the top 20.
We found 1 product mention on r/quitdebt. We ranked the 1 resulting product by number of redditors who mentioned them. Here are the top 20.
My debts are as follows:
My soon-to-be spouse has misc medical debt of about $3,000 and student loan debt of ~$40,000. We are down to one income right now and are about to get a second income going of an additional $30k+
My credit card had once reached just over $12,000. I was able to knock out $10,000 in six months.
We are using the principals outlined by NY Times best-selling author and national radio talk show host, Dave Ramsey. His book, "The Total Money Makeover" has changed the way we think about debt and money. You can listen to his radio show and podcast online by CLICKING HERE
We are using the 7 baby-steps and if all goes as planned, all the debts we have combined and our home (worth about $120k) will be paid for.
The 7 baby-steps are....
My goal is to eliminate the need to borrow money and to get my credit score from in the 800's to zero. I plan to pay cash for newer used cars going forward and to never have a car payment again. Here's a great article on how to never have a car payment again.... CLICK HERE For house payments, I will only ever mortgage a home with more a 15-yr fixed rate mortgage where the payment is at or below 25% of my monthly income.
I have put a 20 year term-life policy in place for myself equivalent to 12 times my annual income. This will cover use for 9 years of our debt free journey + 11 more years to grow our wealth. In the event of my death, my spouse will be able to be able to pay off the home and invest the remaining money to generate a replacement income.
We plan to invest money once we are debt free and start buying rental properties with cash.
Books I recommend to people to read include....