On the Road to Eliminating Debt
Mom kindly paid for our FPU (Financial Peace University) class online back in February 2017. I did not take it seriously until we got to the retirement chapter and everything changed from there on. I could not fathom the idea of “retiring broke” like 70% of the Americans. My wife and I sat down and went through everything related to our financial goals and ways to pay off our debt. We followed the baby steps which started with $1000 in our savings. We are now on baby step #2. We have been “gazelling” it since then. We sold our cars, established a monthly budget, planned our meals weekly, closed out non-Dave approved investment accounts, got rid our credit cards, and decluttered our house to sell everything we could possibly can. Overall, we accumulated $245,000 of debt in student loans, car loans, and credit cards and had about left $100,000 when we started FPU (in 2017). To date, we have $78K of debt left to pay, mostly student loans. Our income is $65K/year after deductions. As my mom mentioned, I am in the military (Air Force) and currently assigned in Okinawa, Japan. We have no house payment, and have 3 kids ages 4 and under.
FPU University Participant
Is Money a Big Deal to God?
“We are a class of imperfect Christians on a journey to engage with our finances in a more perfect way. Led by the wit and wisdom of Dave Ramsey, we laugh, share, and communicate…and enjoy treats that our leader Bev Boyer so graciously provides each week (even when the roads are covered with snow and ice). In short, the focus of the class (PEACE) represents our journey: People Engaging And Combating the #1 Energy drainer: their finances. We are reminded by our tutor, Dave Ramsey, that ‘the Bible talks about money more often than it talks about love and grace. Think our attitude about money might be a big deal to God?’ If you answered yes to that question, then you understand why we are participating in this course. The class has met for only a few session so far, but we look forward to sharing our comments and reaction as we progress through the course.” – Dee Swanson. Click here for more information on Financial Peace University.
“All four of us teachers (me, Joanne Griggs, Tim Miller, and Cameron Miller) have really enjoyed working with the classes. After our first class was completed (a few years ago), we all looked at each other and said ‘Let’s do this again next year!’ And with each subsequent class, we have seen people come to the first class ‘with fear and trembling’ – sometimes because their own situation was really scary, and sometimes because they were afraid to try to budget. Dave’s videos soon had us all laughing, both at him, and at all of us humans and our foibles – but he also teaches sound financial principles, and gives you the enthusiasm to begin to do the hard work that is required to re-think your financial life. As the weeks progressed, we found our class members beginning to relax, and to take control. By the last class, everyone had a good sense of where they wanted to go, and how to go about getting there. Financial Peace University is empowering, and it’s a pleasure to be able to provide it for our members and guests. I can confidently predict that we will offer it again next January(2019)!” – Bev Boyer