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The Riddicks’ disciplined approach to budgeting and debt elimination has allowed them to build a substantial nest egg, despite facing job loss and other financial challenges.Cincinnati Today
When Al and Lesia Riddick got married 16 years ago, they had about $150,000 in debt, including student loans, a car loan, and a mortgage. Now they’re debt-free and have about $1.5 million in savings, despite Al losing his job in 2010 and their income being cut in half for a while.
Why it matters
The Riddicks’ story shows how careful planning, living below their means, and making smart financial decisions can help a couple eliminate debt and build significant wealth, even in the…