Today on the Consumerism Commentary Podcast, Bryan and Flexo talk with Sarah from The $60K Project about how she and her partner Mike paid off many thousands in debt in less than a year, what they learned along the way, and what they want to do now that they can afford to take some risks.
Table of contents
[00:00] Introduction from Bryan J Busch
[00:34] Interview with Flexo and Sarah
— [00:53] Living paycheck to paycheck, starting the $60K Project
— [04:08] Pay off $60,000 in just ten months
— [05:10] Choosing debt payoff goals
— [07:04] Higher education expenses
— [08:45] Emotional aspect of paying off debt
— [10:48] Creating a website about paying your debt
— [12:46] Switch from debt repayment to saving
— [14:26] Creating a 12 step program
— [15:39] Drawbacks while cutting costs
— [16:12] The 12 Steps to Financial Freedom
— [25:34] Financial freedom after paying off debt
— [28:29] End
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Theme music by Mindcube.
Published or updated October 20, 2011.