About
Welcome to Six Figures and Broke! First I need to explain the name that I’ve chosen for the blog. My husband and I earn a combined household income in the low six figures and according to Dave Ramsey, a personal finance guru that we listen to, we are broke. What that means is despite our income, we have quite a bit of consumer debt. Six figures and broke is simply a figure of speech. When we started this journey in January of 2010 we had over $70,000 in consumer debt. I wanted to use this blog to help keep me accountable in my debt paydown and also share other personal finance news.
So what do we do to earn a higher than average salary? My husband has worked in the IT industry for close to two decades. His first job, ever, was in the industry and he hasn’t left since. For the most part I was a stay-at-home-mom for our two special needs children but about four years ago I decided to try my hand at freelance writing. I’d written for newspapers previously but this time I was focusing on web writing. Fast forward to now and it is a full-fledged one-person business. I only work part-time and contribute to our monthly debt snowball but obviously my husband is responsible for the lion’s share of our income.
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Keep blogging about getting rid of that consumer debt because I have to say that its the best tool (plus my Excel spreadsheet) for keeping me accountable. I love the support I receive from all my blogging buddies, too!
Thanks Money Funk – keeping myself accountable is an integral part of succeeding for sure!
Same here about the debt thing. BF doesn’t agree with me blogging about my debt, but it really keeps me accountable and focused. I need to increase my income since I make half of a 6-figure income and I support my family.
Was it hard for you to make the decision to talk about specifics Sandy? I was nervous about doing so at first but decided that I just needed to put it out there. Good luck to you on increasing your income, I hope you find that your blog turns out to be a great source of inspiration, accountability and extra money.
Nice to meet you.
$70,000 is a good amount of debt, but hopefully you guys had a spanking good time spending that money right?
And when you get out of it, you’ll be really happy too! Win-win!
Sam
I found you by way of the Dave Ramsey forums and I’m looking forward to following your blog. I too was in a similar situation a few years back…my wife and I owed over $90,000 of consumer debt…and we were able to pay it all off in two short years, you can read about our debt freedom success story on my blog (linked in my name). Just click on “My Family’s Debt Freedom Story” in the navigation menu.
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