You CAN Payoff $100,000 of Debt

Brent Pittman —  07/09/2012 — 25 Comments
Construction Gloves

Paying off debt is hard work!

For motivation Monday I wanted to bring you a video about a “normal” family of four who paid off more than $123,000 of debt and cashflow $30K of medical expenses!

How did they do it? HARD WORK! In 2010 they had 10 W-2′s to report for taxes.–that’s a lot of jobs!

Check out the McDonough’s cool debt free story and a video of them on the local news (sorry about the ad–not mine).

Lessons Learned from McDonough Family

  • You CAN change your situation.
  • Sacrifice is often necessary to clean up your mess.
  • I’ve learned that I am wimp and need to step up my game. Jen has completed 24+ triathlons and Ironman races . She has a book about her amazing racing accomplishments if you want to be inspired (Living Beyond Awesome).
  • If your kid is sick, you’ll find a way to make it work.
  • No hole is too big to dig yourself out of.

If this family made it work, then you can too. It’s time to roll up your sleeves and get out of debt.

No tricks, no shortcuts, just hard work.

What are your thoughts after viewing this video and hearing the McDonough’s story?

Photo Credit amishsteve (Creative Commons)

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Brent Pittman

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Brent is a financial coach and writer looking for the perfect donut. He believes personal finance should be both fun and accessible to anyone willing to learn.
  • Jose Figueroa

    How inspiring! There is no victory without sacrifice! Thanks for sharing.

    • http://www.ontargetcoach.com/ Brent Pittman

      Great story right?

    • http://www.fieldofdebt.com/ Jen McDonough

      Thanks Jose!
      Well said about there being no victory without sacrifice.
      Live Beyond Awesome.
      Jen
      Twitter: @TheJenMcDonough

  • http://www.fromshoppingtosaving.com/ From Shopping to Saving

    So awesome…makes me feel really excited and nervous to pay off my future student loans. So inspiring.

    • http://www.ontargetcoach.com/ Brent Pittman

      You’ll have a big shovel to dig out of your big hole. Dig hard and fast!

    • http://www.fieldofdebt.com/ Jen McDonough

      Best of luck tackles those student loans – it will feel so awesome when you do!!
      Enjoy the journey and remember to celebrate your milestones as you go.
      Live Beyond Awesome.
      Jen
      Twitter: @TheJenMcDonough

  • maria@moneyprinciple

    Of course you can! I know – in the last 2.5 years we have paid off $128,000 worth of debt (£78,000). It is hard work but it is also an art form – it is not simply paying off debt, it is how do you pay it.

    • http://www.ontargetcoach.com/ Brent Pittman

      Maria, those are some big numbers in a short time!

    • http://www.fieldofdebt.com/ Jen McDonough

      Maria
      Way to go!!
      That is a ton of debt you have paid off!
      We are up to $150,000 paid off and up to over $30,000 worth of medical out of pocket expenses being paid for in 3 years .
      It is an awesome feeling isn’t it?
      Congrats!!!!
      Live Beyond Awesome!!
      Jen
      Twitter: @TheJenMcDonough

  • http://twitter.com/DebtChronicles Travis Pizel

    I’m living this story…..I’m 3 years into a 5 year program to pay off close to $110,000 in debt. Nobody said it was going to be easy, but it will be worth it!

    • http://www.ontargetcoach.com/ Brent Pittman

      Awesome! 2014 party at your place!

    • http://www.fieldofdebt.com/ Jen McDonough

      whoo hooo Travis!! Way to go!

  • http://www.fieldofdebt.com/ Jen McDonough

    Brent
    You both suprised and honored me with your incredibly kind post!
    We have gotten so much joy from sharing the message that ordinary people CAN do extraorindary things by living intentional. Thank you Brent for helping us share hope and inspiration!
    Live Beyond Awesome,
    Jen
    Twitter: @TheJenMcDonough

    • http://www.ontargetcoach.com/ Brent Pittman

      Great stories are meant to be told. Can’t wait for your book.

  • http://www.mymoneydesign.com/ MyMoneyDesign

    Wow, this story is amazing! At a time when most people would simply give-up, whine, beg, or steal the money, these two went out and took care of business the old fashioned way! Way to go!

    • http://www.ontargetcoach.com/ Brent Pittman

      Great story, especially with so many bankruptcies on the rise. Integrity!

  • http://www.ontargetcoach.com/ Brent Pittman

    Great motivation to keep blogging eh?

  • http://www.jaicatalano.com Jai Catalano

    Wow. Your wife sounds pretty amazing. Time to step it up Brent. :)

    • http://www.ontargetcoach.com/ Brent Pittman

      Jai, my wife is amazing, but this video isn’t about us. :-)

  • http://www.fieldofdebt.com/ Jen McDonough

    amen to that Shane, sacrifice does make victory and the years that follow MUCH sweeter!

  • Whitney Sparks

    Wow! What a story. That should inspire everybody to pay off debt. Congratulations. It’s a great feeling:)

    • http://www.ontargetcoach.com/ Brent Pittman

      Agreed, I’m tired of excuses of why people can’t pay off debt.

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  • http://www.SlowRoastedMoney.com/ Matt East

    Awesome story.

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