Get expert insights delivered straight to your inbox.

Skip to Main Content

This Couple Paid Off $457,000 in 7 Years

It started with $20,000 right after they got married.

From there, the debt grew . . . and grew . . . and grew.

Bob and his wife, Tammy, live in Ohio with their two teenagers. And after years of living with a nasty pile of debt, they can now say—or better yet, shout—that they are debt-free. But they’ll be the first to tell you it didn’t happen overnight.

“We had a nice, big house, the Suburban that was brand-new, two kids and a white picket fence,” Tammy said. “We thought we were really living the American dream.” But the numbers just didn’t add up. And no matter how much overtime they worked, they always felt like they were falling behind.

It wasn’t long after they realized they needed to shift gears that their church announced they were offering Financial Peace University. “One of the first steps is to figure out your net worth,” said Bob. It was negative—in the six figures. That’s when everything changed. “That was the turning point,” he said.

Now they can tell people they paid off $457,000.

It took seven years. Their motivation was to not only change their finances, but to also change their family tree—and that’s what really pushed them to the finish line.

Check out this special video feature now:




Learn the basics of budgeting, dumping debt, planning for the future, and more with Financial Peace University. 


Did you find this article helpful? Share it!

Ramsey Solutions

About the author


Ramsey Solutions has been committed to helping people regain control of their money, build wealth, grow their leadership skills, and enhance their lives through personal development since 1992. Millions of people have used our financial advice through 22 books (including 12 national bestsellers) published by Ramsey Press, as well as two syndicated radio shows and 10 podcasts, which have over 17 million weekly listeners. Learn More.

Related Articles


How John and Maddi Saved Their Marriage and Became Millionaires

Discover how attending a Dave Ramsey live event took one family from financial ruin to millionaires in just six years!

Ramsey Ramsey