In Episode 18 host Austin Black features his wife, Laura, for a special episode. Austin and Laura discuss their journey to paying off their mortgage early and share a significant milestone: their recent appearance on The Ramsey Show, where they celebrated their debt-free status with Dave Ramsey.
The episode includes a clip from their appearance on The Ramsey Show, where they shared their story with Dave Ramsey and co-host George Kamel. After sharing the Ramsey Show clip, Austin and Laura delve into their personal story. Austin reflects on the impact Dave Ramsey had on his life, particularly how following Ramsey’s financial advice helped him turn his financial situation around before marriage. Laura shares her initial surprise and adjustment to Austin’s strict budgeting approach but acknowledges how it paid off.
They discuss their strategic approach to buying their house, and emphasize the importance of intentionality and planning in their success, along with sharing that achieving financial goals are possible for anyone, regardless of income, by being focused, intentional and disciplined with money management.
Key Points and Quotes Highlighted:
- Impact of Dave Ramsey’s Guidance: The couple credits their financial success to Dave Ramsey’s advice and system. Austin, who had followed Ramsey’s plan for years, introduced Laura to it before they got married. Their disciplined approach, inspired by Ramsey’s guidance, allowed them to maintain focus and achieve their financial goals.
- Significance of Intentional Planning: Throughout the episode, both Austin and Laura emphasize the importance of intentionality in their financial journey. From the start, they had a clear plan and goal to pay off their mortgage early. This pre-decided, strategic approach was highlighted as a key factor in their success, showcasing that careful planning and dedication can lead to financial freedom.
- Mindset and Financial Freedom: They highlighted the importance of mindset and intentionality in achieving financial goals. By maintaining a focus on budgeting, setting clear financial priorities, and adopting a disciplined approach to money management, they were able to pay off their mortgage in less than five years.
“Being on that stage, being able to look Dave in the eye, to share our story, to thank him, to hug him, to shake his hand—just to be in his presence—was a very, very special moment for me.”
“It’s still a little surreal that we’ve actually paid off our house. Every time we do our budget meeting, I look at that mortgage line and think, ‘Oh yeah, we don’t have to put anything there anymore.’”
“Achieving financial goals is possible for anyone, regardless of income, by being focused, intentional, and disciplined with money management.”
“We consistently funneled every extra dollar toward paying off our mortgage, sacrificing immediate gratification for long-term financial freedom.”
“Financial freedom is attainable through careful planning, sacrifice, and maintaining a strong, goal-oriented mindset.”
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