A lavish life-style and major debt left Bob and Pam with little satisfaction in life. See the choices they made that paid off their debt and revealed what was really important.
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Reporter: BOB AND PAM
PLASTO WILL NEVER FIGURE
FORGET THE NIGHT THEY ADDED
UP ALL OF THEIR DEBT.
THAT DEBT WAS OVER
$700,000 WORTH OF DEBT
BETWEEN CREDIT CARD DEBT AND
CARS AND THE HOUSE.
I REMEMBER LOOKING AT HIM
AND SAYING, HOW IN THE WORLD
DID WE DO THIS?
Reporter: BOB AND PAM
BEGAN SPENDING IN 2004, WHEN
BOB LEFT A COMFORTABLE JOB
TO START A COMPUTER
CULTUREING FIRM.
THE COMPANY BEGAN TO
THRIVE.
THAT'S WHEN BOB SAID HE
WANTED TO SHOW OFF HIS
SUCCESS.
I HAD THE FEELING, I OWN
MY OWN BUSINESS, I HAVE
PEOPLE WORKING FOR ME.
I NEED TO HAVE A NICE CAR.
I NEED TO HAVE A NICE
HOUSE.
WE SPENT MONEY AND WE ALWAYS
THOUGHT, WELL, WE'LL FIGURE
IT OUT LATER.
TRYING TO LIVE THE AMERICAN
DREAM.
Reporter: THE CREDIT
CARD COMPANIES WERE HAPPY TO
HELP THE COUPLE SPEND MORE
MONEY THAN THEY HAD.
WE JUSTIFIED BECAUSE WE
WOULD PAY A GOOD CHUNK OFF
ON THIS ONE OR A GOOD CHUNK
ON THIS ONE.
WE'RE OKAY.
AT ONE POINT WE HAD FOUR
DIFFERENT CAR PAYMENTS ON
FOUR DIFFERENT VEHICLES ALL
AT THE SAME TIME.
Reporter: DESPITE THEIR
CREDIT CARD DEBT, BOB AND
PAM ALWAYS GAVE TO THEIR
CHURCH AND STARTED GIVING TO
"THE 700 CLUB" IN 2004.
BOB WAS PRAYING ABOUT THEIR
FINANCIAL CONDITION, TOO.
THAT WAS DEFINITELY MY
MOMENT OF, OKAY, I HUMBLE
MYSELF BEFORE YOU, GOD.
I'VE MADE MISTAKES.
I'M SORRY ABOUT THOSE
MISTAKES.
AND HE DEALT WITH MY PRIDE
ON IT.
Reporter: BOB AND PAM
DRASTICALLY CUT THEIR LIVING
EXPENSES.
NO MORE DINING OUT OR
EXPENSIVE TRIPS.
FOR FUN, WE WOULD PLAY
GAMES AND GO FOR WALKS.
WE WERE STAYING HOME AND
WE HAD SO MUCH TOGETHER
TIME.
Reporter: AND BOB SOLD
HIS BRAND NEW,
CUSTOM-DESIGNED
G.T.MUSTANG.
I LOVED THAT CAR, I LOVED
THAT CAR, AND I REALLY FELT
GOD TELLING ME YOU HAVE TO
GET RID OF THAT CAR.
THAT'S THE ICON WHERE YOU
WENT WRONG.
THEN I BOUGHT WITH CASH A
CAR I COULD AFFORD.
Reporter: AND THEN THE
COUPLE MADE ANOTHER
DECISION: THEY INCREASED
THEIR GIVING.
IT SEEMED THE MORE WE
GAVE, THE MORE OUR DEBT WENT
AWAY.
Reporter: MONTH BY
MONTH, THEY SAY A DECREASE.
IN 2006, THEIR BUSINESS
PROFITS TRIPLED OVER THE
FORMER YEAR AND DOUBLED
AGAIN IN THE NEXT YEAR.
IN 2011, BOB AND PAM PAID
OFF THE LAST OF THE THEIR
$700,000 DEBT.
I HAD TO EVALUATE WHAT
WAS VALUABLE TO ME IN LIFE.
IT WASN'T THE STUFF.
IT WAS MY FAMILY.
IT WAS MY KIDS.
IT WAS MY WIFE.
HE CAN HAVE FUN MAKING
MONEY, AND THE MORE MONEY HE
MAKES, THE MORE FUN I HAVE
GIVING IT AWAY.
WHEN YOU TITHE AND YOU'RE
OBEDIENT, HE BLESSES YOU.
