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Why Isn't Everybody Rich? Complete Debt Financially

Posted by James Breen at 10 August 2008 5:42

A cousin sent this complete debt debt financially. We were all surprised that they found a cure.

There remains but one hurdle. I have foreseen the possibility of the great incoming news.

If you or someone you know have experienced the effects of drug addiction, I am if you have seen the television show Intervention. The popular show on A.&E. Chronicles the attempts of family and friends to persuade a loved one with a substance abuse problem to enter treatment. Though they may be reluctant to go, it is for them, a black and white personal decision. The question they are faced with is "Do I want to go?" not "Am I financially able to go?". If the person agrees, ..>>.

I has been suggested that this was a smart ruling:

Just like most folks, I don't consider my financial situation perfect. I have some debt that I need to pay off and some goals I want to achieve. Moving forward on financial matters can seem so difficult. Saying that 'I want to get out of debt' is general — there's no clear starting point. And that's just the minor stuff: figuring out taxes can make you wish we all still relied on barter. Nevertheless setting your financial house in order isn't impossible. You just need a starting point. These steps .. full post.

Once, of course, the inevitable happened:

Yesterday, MSN's Smart Spending blog posted a version of my recent article about the dirty secrets of debt reduction (and what to do about them). "You make it sound so easy," one commenter wrote. Nevertheless it's not, and I know that. Here is a reprint of a post from June 2007 that acknowledges this fact. Last fall I wrote an article describing how to get out of debt. Debt elimination involves three steps, I said: Stop acquiring new debt Establish an emergency fund Implement a debt snowball A ....

All too often people sharing with each other good posts are inclined to say 'it is too easy to live together.'

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People file for bankruptcy because they're in debt. The more debt there is, the more bankruptcies there are. Well, duh! It really is that simple. When compared to the level of borrowing, the rate of bankruptcy has remained fairly steady. In 1977, 74 bankruptcies were filed for every $100 million of consumer debt. In 1997, 73 bankruptcies were filed for every $100 million of consumer debt. Bankruptcy isn't the cause of debt but rather is the result. And it isn't the disease but rather is one of the cures. Restricting access to bankruptcy court won't solve the problem of debt any more than closing the hospitals will cure a plague.


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