Wednesday, April 18, 2012

Duggar Economics

According to statistics released by the U.S. Department of Agriculture, Jim Bob and Michelle Duggar will spend over $4 million raising their children from birth to age eighteen. Although they make an estimated $25,000-$40,000 per episode, the Duggars were self-sufficient years before being "discovered" by Discovery.

After working through Jim Sammon's Financial Freedom Seminar, Jim Bob and Michelle purposed to get out of debt, and they continue to live out their thrifty principles to this day. You have probably heard their "Buy Used and Save the Difference" motto. From ride-on lawnmowers to kitchen appliances--and everything in between--the Duggars are always on the lookout for bargains. Did you know that they have never purchased a new vehicle? The family currently owns two cars, one van, a 45-foot bus, and a fleet of five Suburbans. And you guessed it, no car payments. 

When offered a weekly reality TV show on TLC, the family of nineteen was living debt-free in their 7,000 square-foot home. Their sole income was earned by buying and selling commercial real estate.

To read more about how the Duggars stay financially fit, check out Sarah Weir's article on Yahoo! (Thanks, Sandy!)


Duggar EconomicsDuggar Economics

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