Debt Reduction

The Adoption process costs money. Even the best laid out plans for the adoption process costs money. But without a doubt it is worth it. My focus the last few years was to grow our family through adoption. Hopefully by the end of 2008 the family will all be together under one roof..hopefully, but if it runs into 2009, then so be it, we will survive.

But I can see that the initial big costs are coming to an end. Even closer after April of this year, so I am now turning my sights onto planning for debt reduction. I have told several friends that my goal is to get rid of all debt except mortgage within the next two years, and then attack that too. It will be hard. I need to stay focused, and sacrifice more of my travel time, but it will be worth it in the long run for me and the girls.

So my first two steps have been:

1. Start a side business to earn more money;
http://www.workathomeunited.com/synergize

I like this business because it is easy to do with another full time job and single or stay at home parenting. Plus it supports my belief system in so many ways. Double plus, the start up cost is next to nothing.

2. I purchased the Dave Ramsey "The Total Money Makeover" book. I have been devouring it. It is so practical, and step by step. I have laid my plan out and I am excited about it because I can see the end result, while standing at the start line.

If you also have a debt reduction goal, this book is a must read.

I’ll let you know more as I progress through the steps.