The debt-free story of James and Cathy isn’t your typical “we saved money and hustled to get out of debt “ story.  It’s a bit more complicated than that.  It’s also a debt-busting strategy that isn’t for the weak. After paying off close to $60,000 in loans, credit cards, and student loans, they switched to a high-paying strategy known as the Velocity Banking to pay off their house early. Tune in if you are looking for a non-traditional way to pay off debt along with the practical steps you need to make sure you stay on the “paid” side of credit.  Cathy St. Louis is a Mom and blogger who works from home and blogs about simplicity and a debt-free lifestyle. You can follow her and James’  journey on their website and Instagram.   WHAT YOU WILL LEARN  What caused James and Cathy to make the shift to debt crushers Why Catchy and James decided to trade in a car to save on expenses and continue their debt journey How to manage debt when one partner is a big spender Why ego is a big part of the issue with overspender Getting a good deal on your car trade-in Building a sales cushion while paying off debt Using bigger sums of money (like a bonus or tax refund) to pay off debt Cathy and James’ unique strategy of using the HELOC to pay off a debt off fast Why James and Cathy chose to use the Velocity Banking method in the first place How they invested in Velocity Banking without getting   RESOURCES MENTIONED What is Private Mortgage Insurance? Bankrate Velocity Banking Calculator   THANKS FOR LISTENING! Thanks for tuning in to us on The His & Her Money Show. If you have any comments or questions about today’s episode, please let us know your thoughts in the comment section below. If you’ve enjoyed this episode, please share it using the social media buttons you see at the bottom of the post.