Here’s how one couple paid $200K of debt in 5 years by 1st addressing their money hang-ups:
) Julien and Kiersten often address money subjects that are unique to their culture and background. And they’ve written extensively on the racial wealth gap. They don’t view the FIRE movement as a way to solve the inherent issues in the American economic system that have prevented – and depressed – African Americans’ ability to grow wealth. But they see FIRE as a way for an individual to make strides to their own independence.
The Saunders have often, sometimes unintentionally, used vacations in order to address each other's money hang-ups.“She said it was the happiest day of her life,” Julien said with a chuckle. “The fact I had something to do with it, it was fantastic.”After Kiersten and Julien married, by combining finances, coupled with promotions at work, they had more money coming in each month.
“This helped us to resist the temptation of buying up for a few more years,” Julien said. “[C]onsidering that home would then become a rental property, it also allowed us to command a higher rent than other units in the area since it was recently renovated.”
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