Two very dear friends of mine had massive law school debt. She was a prosecutor, he a private attorney.
So what did they did?
Followed the Dave Ramsey program. Took their kids out of private school, got rid of their expensive leased cars, followed the steps.
Paid off their school debt in 5 years.
We paid off massive credit card debt in one year just by following Dave’s program.
“Two very dear friends of mine had massive law school debt. She was a prosecutor, he a private attorney.
So what did they did?
Followed the Dave Ramsey program. Took their kids out of private school, got rid of their expensive leased cars, followed the steps.
Paid off their school debt in 5 years.
We paid off massive credit card debt in one year just by following Dave’s program.”
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We paid off $65K in 3 years using the Ramsey approach. This after years of trying other methods. The 7 baby steps worked for us but we did to do the actual work. I think many people with high debt want to be debt free, in theory, but lack the determination to change the mindset. I will confess that we modified it slightly, we were already putting money into our 401Ks, our home was paid off and our kids were out of college so we went from Baby step 2 to step 7 while a little short on step 3. Today half of our earnings go to retirement and we are still on a fairly strict budget. We thank DR for all he does, all common sense but he puts it right there in your face. Been through FPU three times.