Debt

Years ago we were all suckered into this game called “buy now, pay later.” We were so happy to sign on the bottom line and grab the “sorta” free item that our parents had to sweat and save up their money to buy. “Whoowee far out! I can get me a new car today!” . . . and away we went, diving head first into the slave masters back pocket. Never even realized it cause we were so pumped about the “stuff” he allowed us to buy on his credit.

Last time I looked at a credit card the interest rate was 29.99% if you defaulted and missed a payment. Now this sorta thing would have made Tony Soprano blush, but not the bankers. Hell no, it was all good business cause you were forewarned. Remember to read that itsy bitsy print on the brochure? Or were you just too excited to get your paws on the new TV to bother? Old grandpa would be rolling over in his grave.

Well nows the time to get smart and get out of debt anyway you can. I did by selling and downscaling. It was easy for me to do cause I didn't use credit cards except to buy building material from time to time. I paid them off before the month was out. That is smart, puts you ahead of the game . . .

I saw on TV the other night that the average household credit card debt in the U.S. Is $8,500.00. That's average. That means a hell of a lot of people are way over that. In the coming economy that pretty much on its own makes everybody dead meat when it comes to the highly touted credit rating system.

Warning!.......”We're gonna ruin your credit rating!”

“Go ahead, who gives a shit. That may be just what it takes for me to wizen up and jump off your rat wheel.”

But if you do that they can also lean your house and attach your wages and a bunch of other stuff I don't even know about.

Answer. Research it, talk to them, kiss their ass, do the best you can do to get the things paid off. Then BURN the suckers and start saving like Grandma did. You might just save your house and your sanity even if you do have to wait on purchasing the newest computer.

PsssT.........don't bother waiting on the feds to bail YOU out as they are to busy shoveling money to their friends on Wall Street. You know the guys who like to throw $400,000.00 parties? You? You're on your own brother. Get smart.