It seems the more we earn, the more we spend. There is always something new to buy, a service we want or an upgrade that is an absolute must-have. We see our neighbor's new boat. Now, something inside of us “needs” that new boat too! And even if our income isn't enough to buy it, well that doesn't stop most of us. We'll just borrow, put it on credit and go into massive debt trying to maintain a lifestyle that we simply can't afford.
What if you broke free from this rat race of life? What would your life be like if you started spending less than you earned? How about if you were able to completely eliminate debt from your life?
Today, I invited someone on the show that has personally felt the claustrophobia that comes with too much spending and too much debt. They have also felt the sheer relief that comes with finally controlling their spending and completely eliminating debt from their life.
Chris Peach is a full-time firefighter, husband and father of two. In 2011, Chris and his wife Andrea found themselves with $52,000 worth of consumer debt and not a dime to their name. They had been spending on credit like it was going out of style and they were stuck. After an embarrassing public moment at the grocery store, this couple was jolted into action to fix this major debt problem they had created.
After 7 months, a few side jobs and some diligent cash flow planning, Chris and Andrea became debt free. They also became determined to never get into debt again. They starting making cash only purchases and monthly budgeting became standard in the Peach household. Chris also became inspired to help others crush debt, live on a budget and take control of their finances. He now has a blog, a podcast, a YouTube channel and he serves as a financial coach as well.
What are we covering today?
On the show today, Chris and I chat about:
- How he and his wife got into debt
- How they got themselves out of it
- What he’s doing now to help people win with money
If you’re interested in getting out of debt and learning the benefits of smart money management, you are going to enjoy this interview. Trust me, your family will thank you for listening today!
FREE Audiobook from Audible: Receive a free audiobook with your 30-day trial of Audible. You’ll be supporting this show!
How to Start a Budget: Chris Peach's FREE budget spreadsheet and guide to starting a budget.
$52k Debt Destruction Story: Chris Peach's story.
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