Even High Income Earners Can Get into Unexpected Debt

Here's how I've repaid $1.2 million of the original $1.9 million in debt so far.Dr. Jenn MD got a full ride to college and medical school, married her college boyfriend, and got a job near family when she graduated. What could go wrong? Debt, of course.

Not too many people feel bad for a doctor in debt. After all, doctors drive fancy cars, make six figures, and take exotic vacations; luxuries that the average person doesn’t have. It took not having the money for an unexpected $14,000 tax bill from the IRS (more on that later) to realize she was $1.9 million in debt.

So far, $1.2 million of the original $1.9 million has been repaid in almost seven years. Here’s her story.
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Genius Way to Budget that Anyone Can Do with this Simple Form

This easy-to-use zero based budgeting template you can fill out on your computer makes budgeting so much easier!Ready for a cool budgeting tool? Meet the zero based budgeting form!

(I sometimes call it a reality-based budget too, because it helps you manage your money in a way that actually works in the real world. Getting real in a nice way!)

You can get your copy of the zero based budgeting form here for free later on in this article, but first I want to talk a little bit about how to budget and why budgeting can change your finances for the better.

(Click here if you already know how zero based budgeting works and just want to jump straight to where you can get the form.)

Let’s start with this: What IS zero based budgeting anyway?

If you’re not already familiar with the term, a zero-based budget is where you account for all of your money each month. The idea is to plan out where it will all go, so that it goes where you want it to.
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How We Paid Off Our $195,000 Mortgage in 4 Years

Wow, if they can do it maybe I can too! How this family paid off their $195,000 mortgage in 4 years.Last month, we paid off the $195,000 mortgage on our dream home.

After 4 years of focus and partnership with my wife Nicole, we’re now completely debt free and thrilled about the future ahead of us.

To help our two young children remember this family tree-changing moment in our lives, we decided to celebrate with them.

Instead of just burning the mortgage and tipping back a few glasses of champagne (which we did too), my wife came up with a completely original idea: “The Mortgage Pinata”.
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I Was Tired of Failed New Year’s Resolutions, So I Paid Off $58K

Leslie was SICK of being stressed out by debt. Check out how she turned things around and paid off over $58,000!For me, every year’s New Year’s resolution was to get my debt situation under control. But it would never last.

That’s how Leslie Walsh, then age 47, felt year after year.

New year, new you, right? Except when it doesn’t turn out that way…

She adds:

As my children grew older, expenses that I thought would go away (child care, braces, etc) just morphed into different expenses.

I was scared, and lost a lot of sleep worrying about my family’s debt situation. Especially with college looming out there for my two kids.

I felt desperate almost all of the time. Sometimes I would actually cry.

As the year would proceed and my New Year’s resolution would fail, I would feel terrible about myself. It felt like I couldn’t breathe on a regular basis.

That was her life two years ago.

Leslie was struggling with debt and budgeting, just like so many people do right now.

She was anxious and tired of those failed New Year’s resolutions. Tired of being in debt, and the accompanying stress.

That’s when she ran across a spark of hope in a Costco Connection article that talked about my own debt free story. (I’ve also been there and done that, having paid off over $147K to become completely debt free.)
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