‘This is Her Way’ Founder Talks Accountability and Sisterhood
Sherry Williams, founder of 'This is Her Way' talks accountability and sisterhood.
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House Rich, Cash Poor
“As a family we were making great income and we took the money and invested in properties not thinking about the possibility that both of us could get laid off,†she reflects. Barrett says when her ex-husband was laid off in 2007 and then she lost her job in 2008, the couple had a lot available in credit, but not enough cash savings at the time, with only between $1,000 to $2,000 in savings. Barrett says: “We were swimming in debt and the tenants were not paying their rent. It was a domino effect from there.â€
Debt Snowball Method
By February 2011, they started eliminating credit cards with the smallest balance while continuing to pay the minimum on other debts. Once paid, they applied that money to the next debt and continued the process until all outstanding bills had been paid off—“the snowball plan†advised by Ramsey. The couple says the “quick wins†gave them a sense of accomplishment and the motivation to press forward.
The 10 Biggest News Stories of 2014
There are the ten biggest news stories of 2014, from the disappearance of the Malaysian flight to the first soft-landing on a comet.
Washington Report: Updates from Capitol Hill
Supreme Court Justice John Paul Stevens said he will step down when the court finishes its work for the summer in late June or early July. This move now gives President Barack Obama his second high court opening to fill.