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Kate has over $30,000 in credit card debt, so will she ever reach financial freedom? After her husband was laid off during the pandemic, Kate’s household family debt snowballed. With the rising cost of living and high childcare costs, Kate and her husband were forced to rely on credit cards to get by. Now, with higher-paying jobs than before, they’re on track to being debt-free, but how long will it take? Kate has had to dramatically cut costs in her life, taking out almost any extra expenses and throwing whatever she can at the debt. But that’s not all that’s on her mind. Kate is also trying to save and invest simultaneously but is struggling to contribute to her slowly growing accounts. Will she ever be debt-free, and if so, can she finally find financial independence? Today, we’re going to find out! Have you paid off a large amount of credit card debt? If so, what was your strategy to become debt-free? Let us know in the comments below! ~~~~ Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?... ~~~~ Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch ~~~~ Find Investor-Friendly Lenders: http://biggerpockets.com/findlenders ~~~~ Watch More Episodes of the FIRE Show: • The FIRE Show ~~~~ How to Pull Yourself Out of Car, Student, or Credit Card Debt: https://www.biggerpockets.com/blog/mo... ~~~~ My Debt-Free Plan: How I’m Paying Off $36K in ONE Year: • My Debt-Free Plan: How I’m Paying Off $36K... ~~~~ Connect with Kate: Email: [email protected] TikTok: @leftistmommy or / leftistmommy ~~~~ Connect with Mindy on BiggerPockets: Mindy: https://www.biggerpockets.com/users/m... ~~~~ Follow Mindy and BiggerPockets on Instagram: Mindy: @mindyatbp or / mindyatbp BiggerPockets: @biggerpockets or / biggerpockets 00:00 Will I Ever Be Debt-Free? 00:41 What Financial Freedom REALLY Means 02:37 Steps to Paying Off Debt 04:23 Starting to Save and Invest 05:46 The Breaking Point 07:54 DONE with New Debt 11:27 Cutting Costs In a BIG Way 14:58 What I WISH I Knew 17:31 Connect with Kate!