GREAT NEWS!!!!!
DH an I found ourselves in simular situation little less than 2 yrs ago an he was wanting to retire.
Here is what happened to us an how we fixed it....
We have always been a 1 income family 30+ yrs, DH made good money an could get as much overtime as he wanted an more. DH also liked buying on plastic and having car payments etc or so he thought.
Then in 2002 our youngest got very ill (unexplained illness to this day) we ended up with 2 yrs of doctor an hospital bills that was over 70,000 each yr that was what our bill was after what our insurance paid. Aginst my wishes an better judgement DH put hosp an dr bills on plastic instead of trying to get the bills reduced or work out payment plan... he did not want his credit ruined. Would not allow me to work not even from home. We struggled from 2002 till 2009 trying to pay off those dr an hosp bills. In the mean time an older DD got married had babies an was not making ends meet DH was also supporting her an her husband an 2 babies. Which meant the credit card bills kept growing instead of getting smaller.
2009 our heat system went out in Jan for the 1st time ever DH could not get credit. We ended up taking out a home equity loan (my once paid for house now had a house payment again I was furious) DH got us a good heating an cooling system an paid off the credit card bills with the money...only making enough on the loan to get the heating an cooling system an paying off the cards which ended up being little more than half the value of the house NOT as bad as it could have been least it not for the full value of house. DH also had to get insurance on the loan that if either died the house paid for....great thing for me! Still DH would not allow me to work not even from home! My job has always been to take care of house an kids nevermind kids now grown.
Once the credit card bills was gone well not gone but least he was not making out 30 bills a month only 1 DH was even able to make at least double payments on the home equity loan a month often 3 payments. Plus save money for emergencies, pay off vacations before we actually went on vacation all the things I myself thought he should have been doing.
Then last Jan we started living as if DH was retired an on that fixed income an NO MORE. When my parents called wanting us to help them shop for a van an we had just what they was looking for we sold it to them. We had an old truck in driveway that I could drive an really did not need the van with all the DD's grown. We used that money to pay off DH's car NOT the car I want but it does the job an is a good running little car.
WE sold a much loved old harley that we had had since 1978 she was a member of the family older than 2 of DD's but we no longer enjoyed riding her after getting a much bigger nicer harley. Used that money to pay off the new harley an couple of other small bills.
OH my parents gave me a gift a very nice 10,000 gift (the last few yrs they have had to help my brothers with bills an their medical expenses as they have been disabled an no longer able to work) I got the same amount as they had spent on both my brothers.
DH is retiring DEBT FREE as of Thanksgiving we have already bought a house in FLORDA paid cash for the house an will be moving to FLORIDA by the end of the year! Of course my 10,000 went towards the house but DH has learned his credit card lesson an we will be saving money monthly for a nest egg for later yrs...
Our DD is trying to buy our house for what we owe on it. If it turns out she can't we will out it on the market once we get to FL.
NOW WHO IS DAVID RAMSEY?
DH an I found ourselves in simular situation little less than 2 yrs ago an he was wanting to retire.
Here is what happened to us an how we fixed it....
We have always been a 1 income family 30+ yrs, DH made good money an could get as much overtime as he wanted an more. DH also liked buying on plastic and having car payments etc or so he thought.
Then in 2002 our youngest got very ill (unexplained illness to this day) we ended up with 2 yrs of doctor an hospital bills that was over 70,000 each yr that was what our bill was after what our insurance paid. Aginst my wishes an better judgement DH put hosp an dr bills on plastic instead of trying to get the bills reduced or work out payment plan... he did not want his credit ruined. Would not allow me to work not even from home. We struggled from 2002 till 2009 trying to pay off those dr an hosp bills. In the mean time an older DD got married had babies an was not making ends meet DH was also supporting her an her husband an 2 babies. Which meant the credit card bills kept growing instead of getting smaller.
2009 our heat system went out in Jan for the 1st time ever DH could not get credit. We ended up taking out a home equity loan (my once paid for house now had a house payment again I was furious) DH got us a good heating an cooling system an paid off the credit card bills with the money...only making enough on the loan to get the heating an cooling system an paying off the cards which ended up being little more than half the value of the house NOT as bad as it could have been least it not for the full value of house. DH also had to get insurance on the loan that if either died the house paid for....great thing for me! Still DH would not allow me to work not even from home! My job has always been to take care of house an kids nevermind kids now grown.
Once the credit card bills was gone well not gone but least he was not making out 30 bills a month only 1 DH was even able to make at least double payments on the home equity loan a month often 3 payments. Plus save money for emergencies, pay off vacations before we actually went on vacation all the things I myself thought he should have been doing.
Then last Jan we started living as if DH was retired an on that fixed income an NO MORE. When my parents called wanting us to help them shop for a van an we had just what they was looking for we sold it to them. We had an old truck in driveway that I could drive an really did not need the van with all the DD's grown. We used that money to pay off DH's car NOT the car I want but it does the job an is a good running little car.
WE sold a much loved old harley that we had had since 1978 she was a member of the family older than 2 of DD's but we no longer enjoyed riding her after getting a much bigger nicer harley. Used that money to pay off the new harley an couple of other small bills.
OH my parents gave me a gift a very nice 10,000 gift (the last few yrs they have had to help my brothers with bills an their medical expenses as they have been disabled an no longer able to work) I got the same amount as they had spent on both my brothers.
DH is retiring DEBT FREE as of Thanksgiving we have already bought a house in FLORDA paid cash for the house an will be moving to FLORIDA by the end of the year! Of course my 10,000 went towards the house but DH has learned his credit card lesson an we will be saving money monthly for a nest egg for later yrs...
Our DD is trying to buy our house for what we owe on it. If it turns out she can't we will out it on the market once we get to FL.
NOW WHO IS DAVID RAMSEY?
