Real Life Case Story with Jen and Bob McDonough

05/25/11 • 53 min

#18: This is a real life story of a couple with four children who were normal Americans, made a lot of money, and enjoyed life. They had two cars with payments, a 2nd mortgage, spent $1,000 a month on dining, paid off credit cards with 401K loans, and thought they were doing great. But one of their four children caused them to sacrifice all that "living". Bob and Jen share their story of why they decided to make a drastic change in their life, including working 8 different jobs last year to pay off debt and START GIVING while paying off their ton of debt! Listen to their inspiring story of who they were, who they are now, and who they hope to become. If you were inspired to give and don't know where to start, why not make a donation to the Juvenile Diabetes Research Foundation at . For more information, visit the show notes at

Previous Episode

Living Without Credit Cards Pt1

#17: Americans are dependent on their credit cards. But you can live without credit cards, it just takes some time and effort. In this episode we talk about the very first action step you need to take. It's the hardest step to take, even though the action is very easy - it's just hard to stick to it. We also discuss a solution or substitution on what to do instead of using plastic by talking about how the envelope system works. Holla From The Impala: Leaving money on the table is NOT smart money management For more information, visit the show notes at

Next Episode

Living Without Credit Cards Pt2

#19: We can't really live or give at our full potential unless we stop borrowing more money and eliminate debt. One of the first things we have to do to pay off debt is to stop borrowing more money. That means weening our dependency away from credit cards and using cash or debit. This episode covers Step #2: Delete your credit card numbers from all online accounts. Some cool side effects of this exercise: You may find some accounts you no longer need (magazine subscriptions) or you may re-visit some contracts (revise your cell-phone plan or cable subscriptions). Substitution or Solution: Use your bank's free online BillPay to pay for online purchases. Also, attempt to purchase things locally for at least 1 month instead of online, only using Debit when absolutely necessary. Holla From The Impala: Investing in the market - ya can't lose! For more information, visit the show notes at