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Family Pays off $106,000 in Debt

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    #16
    Originally posted by Seeker View Post
    People who don't learn how to resolve spending problems on their own, and just hire someone else to help them plan a way out, may be destined to repeat the same events and recreate the same problems.

    Radiance learnt something along the line.... we all can learn if we choose to.
    Thanks for the clarification. I agree that some people may be destined to repeat the same mistakes. The family that paid off 106k hopefully learned their lesson. I thought about using these services but instead decided to take it on myself, of course I have been reading all the information I can.

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      #17
      At the risk of sounding like a jerk but, $100k in 5 years seem doable. It's certainly not easy (guessing relative cost of living in the midwest), but doable nontheless.

      Regardless, their achievement is certainly commendable.

      I wasn't as deep in debt as they were (after divorce), but I do remember wondering just what I could have done if I simply didn't have my debt to begin with. The possibilities and the progress that could have been made.

      Oh well. Can't live in the past of course. I'm debt-free now anyways and I'm just going to keep doing whatever I can.

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        #18
        I saw that feature and I think it is amazing that they were able to pay off all that debt. That is very inspiring to families everywhere who are stuck in the same situation. The Hildebrandt family is an exceptional example to sticking together to pay off debt.

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          #19
          Originally posted by Broken Arrow View Post
          At the risk of sounding like a jerk but, $100k in 5 years seem doable. It's certainly not easy (guessing relative cost of living in the midwest), but doable nontheless.

          Regardless, their achievement is certainly commendable.

          I wasn't as deep in debt as they were (after divorce), but I do remember wondering just what I could have done if I simply didn't have my debt to begin with. The possibilities and the progress that could have been made.

          Oh well. Can't live in the past of course. I'm debt-free now anyways and I'm just going to keep doing whatever I can.

          i don't think you sound like a jerk, but then again i agree! I know working numbers on a free snowballing site, our families debt (49k) at the time could have been paid off by just snowballing the minimum payments and about 200$ extra a month in 5 years, so i know that is possible, especially if you still to the snowballing. As long as you have enough income it can be done! We are working on our debt still and it will not take us 5 years to pay it off i'm sure. You just have to know your numbers and have a plan and stick to it, and if you deter, you must get back on the debt eliminating train.

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            #20
            Great job But how did you get under so much debt in the first place?

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              #21
              I just can't imagine being under so much debt as i won't do any stupid investments ever. It is indeed a lesson to be learned by all of us and it will be helpful to all of us.

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                #22
                wow that it awesome. Congrats to that family. Intention followed by attention is key when paying down debt.

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                  #23
                  That's friggin' awesome!

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