The debt snowball is working, but thanks to some new medical debt and some car repairs we weren't planning on...it is rolling SLOWLY. We are still staying on the debt-free path, but we're also looking into some other options for making a few more dollars.
Of course, I'm still running my photography business in my free time. However, in the last few years, I've been trying to really step back from the second full time career and spend more time with my husband and the girls. We're making enough supplemental income to keep the debt snowball barely rolling downhill, but that's it.
I sold some clothes online last spring and plan to do the same thing this year to bring in a little money. I also type monthly reports for my parents' home-based business every month and am thankful for that income that's helping us survive.
However, we just feel like we need to be more gazelle intense about adding extra money to our snowball. We've cut down to a bare bones budget, but it doesn't seem to be enough for the big results we're looking for.
(Warning: Now Entering Dreamland)
And so, we've been thinking...
Should we try and flip a house?
Surely there's a property here in town that we could buy pretty cheap and remodel? We have lots of skills between the two of us...carpentry, plumbing, drywall, decorating. I feel like we could work hard on it and have it done in a month and ready to go back on the market. This is definitely a possibility we're praying about.
It's hard to be any more gazelle intense than we are already being when Matthew and I are working three extra jobs between the two of us.
Just thinking out loud here.
Thoughts? Advice? Any house-flippers out there?
Dreaming about a debt-free life,