49: How to Get Out of Debt with Allison Baggerly

When Allison Baggerly and her husband learned she was pregnant, it was a surprise blessing. It was also super-stressful.

Over a hundred thousand dollars in debt, they didn’t now how they were going to be able to afford daycare and other baby expenses.

Allison's story is featured in the upcoming book Winning Resolutions. She joins us today to share how she accomplished her biggest goal.

Later in the episode, mindfulness contributor Joelle Anderson takes listeners through a guided meditation.

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Subscribe to My Instruction Manual on Apple Podcasts, Google Podcasts, Spotify and anywhere else great podcast are found Visit MyInstructionManual.com for shownotes, more great content and to sign up the email newsletter Email: [email protected] Keith on Twitter: @KeithMcArthur Join our Facebook page and our Self-Help Book Club on Facebook Find us on Pinterest, Instagram and YouTube Download a free copy of 18 Steps to Own Your Life by clicking HERE Episode 49 Show Notes [00:00] Welcome and Intro [3:15] Featured interview with Allison Baggerly

Allison is the creator of InspiredBudget.com. After getting her family out of $111,000 in debt, Allison now focuses on helping others to do the same. She lives in Denton, Texas.

In this conversation, Keith and Allison discuss:

How a surprise pregnancy frightened Allison and her husband into getting out of debt. [3:20] The debt snowball method vs. the debt avalanche method [5:20] Where the Baggerlys cut back on spending [6:50] The biggest challenge was getting burnt out on the journey [10:20] Looking forward to the reward at the end of the journey  [11:25] How they brought in extra revenue [14:50] Allison's approach to savings / sinking funds  [17:10] How Allison learned about finance and budgeting [21:20] Allison mention The Total Money Makeover by Dave Ramsey. Where to find Allison Website: InspiredBudget.com Instagram: @inspiredbudget [22:30] Mindfulness contributor Joelle Anderson shares a guided meditation

Joelle Anderson is a therapist specializing in mindfulness meditation and creator and host of the Kernel of Wisdom YouTube channel.

In this conversation, Keith and Joelle discuss:

What is a guided meditation [23:10] Joelle takes us through a guided meditation [26:05] Where to find Joelle Kernelofwisdom.com YouTube.com/KernelofWisdom1 [30:00] Closing words Feedback & Connect Subscribe to My Instruction Manual on Apple Podcasts or on Android Email: [email protected] Keith on Twitter: @KeithMcArthur Join our Facebook page Check out our Pinterest page: myinstructionmanual