Last year, after months of enticing from "Flip That House", I decided to invest in real estate. My strategy was to "fix and rent", with an eye towards building income for eventual retirement. I bought a bank-owned property in November 2007 with a new home equity line of credit, topped off with some more credit card debt. The plan was to rehab the house using more credit card debt, then refinance using the much higher value of the house as collateral. The result was a ballooning of my credit card debt to just over $60,000.

So, here I am, my property rented out, finally committed to reverse the trend and pay off my debt. In this blog, I'll write about what I've learned over the last year about topics related to my financial situation, including paying down debt, how credit card companies operate, FICO scores, credit reporting agencies, refinancing, and being a landlord. My main focus remains paying down credit card debt. To that end, I will explain my detailed plan, which roughly follows what John Commuta teaches, and will post my real-life numbers on a monthly basis. My goal is to go from $60,000 in debt to $0 in three years or less, hence the name of this blog, "Sixty to Zero". I hope that by posting my numbers publicly, I will remain committed to this plan. And, by following me on this journey, I hope you will glean the techniques needed, and the motivation, to pay off your debt as well. I truly believe that a bright future requires that you get yourself out of debt. Finally, I highly encourage you to participate in my blog by commenting on my posts. If I haven't explained something fully, or you have an insight I have missed, please make a comment. This will help me, as well as helping others reading this blog.

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