Wise Money Mentor
Wise Money Mentor
Wise Money Mentor, LLC
Flying (budget) blind all the way to $125K in debt owed to 29 creditors before facing reality (E11)
44 minutes Posted Feb 13, 2024 at 10:30 am.
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If you've ever avoided looking at your finances in detail because, supposedly, ignorance is bliss, this episode is for you. 

Trevor and his wife were living a "budget blind" life, with no real awareness of how much money they had or what they could afford, and it led to owing $125K to 29 different creditors, including $75K in back taxes owed to the IRS. They navigated multiple jarring layoffs, falling behind on their mortgage, taking out a 401k loan that they then couldn't pay back, and foreclosing on their home. After facing reality in 2018 and making consistent debt payments for ~4 years, they paid off their last debt and felt the joy of no longer owing anyone a dime. Listen to Trevor's experiences to hear how he and his wife dug their way out of debt and could finally go on offense again with their money. 

If you have a story to share and are interested in being on this podcast, reach out to Jeff at [email protected]

For more information about Jeff and the coaching services he offers, check out his website at www.wisemoneymentor.com.