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. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @flexo on Twitter and visit our Facebook page for more updates.
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Luke Landes founded Consumerism Commentary in 2003 and has been building online communities since 1990. Luke, also known as Flexo, has contributed to PC World Magazine, US News, Forbes, and other publications. 
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Loved this episode. We run our business on these debt free principles. And, we’ve been working diligently to eliminate all debt from our personal lives.