This Retired Teacher Paid Off $90k in 14 Months — How?

Step One: The Honest Inventory

Margaret’s first step was the one most people skip: sitting down with every statement, every bill, every account, and writing out the complete picture. Total debt: $90,400. Monthly minimum payments: $1,840. Interest being paid monthly: $680. That last number




$680 going to interest every month — was what changed her relationship with her debt. It was not an abstract obligation. It was $8,160 per year buying her nothing.