Sometimes it is best to file bankruptcy even though Dave Ramsey does not
recommend it. We tried to work out payments with creditors but they wanted all
or nothing. The credit card companies and those that have bought the debt
accounts are the worst. We have had several friends give up on the debt
snowball payment plan. A good bankruptcy attorney can advise you.
Make a list of all your desires, Put the desires in order of importance. The
objective is to have an object in mind so you don't just spend mindlessly.
You can't always get what you want, but you'll find, you'll get
what you need.
That is the problem with most people today. They would not know the difference
between a need and a want if it drove over them. What people think
they "have to have" is pure media/culture driven fallacy.I
have had one payment in my life for the last 15 years, my house. I wish I could
get rid of that and I am working hard to do it. Just refinanced to 15 year
2.75% mortgage. The day is coming.
Interesting that no one commented on the family relations question. Let me give
perspective from the "aunt" side of the family. A number of my
husband's family "borrow" money from us. Not investment money but
to help them out of trouble. One had imbezzled money, one couldn't make
mortgage payments (for 3 years and still lost the house because the money went
for vacations, cars, ATVs), one to cover adoption cost. All came with crocodile
tears and promises, even written repayment contracts. Almost $70k later we have
never seen a cent. I feel used and abused. My mother-in-law scolds ME for
causing hard feelings in the family when I ask for some of it back and they
complain about how mean I am. One even laughed at me and told me to take him to
court knowing I would never do that because of the rift it would cause. So to
keep peace in the family I am quiet and smile while inside the resentment and
hurt builds. We can afford to lose the money-it was for our retirement travel
but didn't realize I would loose love and respect of those I thought loved