Yesterday I had the pleasure to speak with Mr. Credit Card on his Ask Mr. Credit Card Blog Talk Radio Show. We talked about many topics related to debt and how I use my second job as a pizza delivery dude to pay down my debt. If you looked closely at yesterday’s post Got Hope, you may have noticed that my debt freedom date is July of next year. That means my family will have paid off just over $100K in two years.
During the interview Mr. Credit Card brought up an interesting notion I’d like to mention here. If $100K can be paid off in two years, then a person could save $200K in 4 years to pay cash for a house. Using the $200K mark as the average house value in the USA. I personally never looked at it this way. In order to do that, we would have to sacrifice for an extra 4 years. Although I think it would be much quicker because we would already have traction. The first 4 to 5 months have been spent gaining traction so after calculating it out we could do it in 3.6 years based on my 1st and 2nd job. I’m not sure we are ready to do that but it has really peaked my interest. I’ll be investigating it further and I’ll report back here about my findings and thoughts. In the mean time, have a listen to the interview. I know everyone is dying to here my voice 🙂
If you don’t see or can’t access Blog Talk Radio (I can’t from work), here is the MP3 file, just right click and save.