This Way To Debt

Debt! What About It?

DEBT! DEBT! DEBT! DEBT! DEBT! DEBT! DEBT! DEBT! DEBT! DEBT! DEBT!

Getting tired of that word yet? It’s just Debt! What about it?

That is a word that we are hearing a lot of today. The federal debt, state debt, bank debt, seems like everybody is in debt.

There are some people out there who aren’t in debt. They are out there, but they are far and few between. There are actually some people who don’t have a mortgage or a mortgage payment. They are probably your parents, grand parents, or aunt or uncle. Those are the people who learned, long ago, that they would bought a house, raise their kids, and live in it for the rest of their lives.

Not so today. The average person lives in their home for about five to seven years, and either moves to another home or refinances their current mortgage and gets locked into paying the bank a lot more interest  for another, long thirty years.

DEBT! Did you know the the last two years the national average of money that people are putting into their savings account is……ZERO! That’s right… I said zero. People are living paycheck to paycheck.  Nothing is going into our savings account. As a matter of fact, many people don’t even have a savings account.

But you know what is scary? People think this is OK. They think this is the norm. This is what we do. Buy things with money you don’t have so you can impress people that you don’t even like.

Do you know that there will be more people filing for bankruptcy this year then there will be people graduating from college? Now that is sad. That is real sad, but that is the state of our financial mode of thinking.

Everybody attaches emotion to their money. You want to get someones’ feathers ruffled, just start talking to them about money. Especially their money. The saying is, “don’t talk to people about politics and religion.” Well, you can toss money in there now also.

Now, I don’t mean to draw any barriers, but there is a definite line and perimeters to the way people think about money, and how they use it. Social class, religion, location, ethnicity, race, and gender. All these groups have a different emotional side to money and if we look at these emotions, I think that they will guide us to the answers of why and how we get into debt.

That is what this blog is about. I want to invite you on this journey with me to find the answers to the questions about our debt and how we can find the road to financial freedom… Can we?… Can we really learn to live debt free? Can we really get out of this mess and back on the road to prosperity? I want to find the answers to these questions and more, and I will need your help.

I too have struggled with debt most of my life. Living beyond my means. Wanting everything and wanting it now. Not worrying about the future or who would pay the price. Maybe, I am describing some of you.

Come with me on this journey. I need your input. I need your experiences and the way you coped with your debt. The ways that worked for you and the ones that didn’t.

I am co authoring a book, with six others, my business associates, and I would very much like to hear from you. Leave your comments, ask your questions, and give your advice.

I look forward to hearing from you all, and I can’t wait to travel this road with you.

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Tags: bank, bankruptcy, Debt, house, money, mortgage, prosperity

2 Comments to Debt! What About It?

1. 

   Hello bgosur we’re following each other on twitter and I wanted to stop by to show my support. I’ve found the above post very insightful on the type of book this will be and I’m very interested in helping and reading the completed book when it hits the bookshelves. First of all I would love to live debt-free and am trying to work towards that goal. We have been a couple who’s been living paycheck to paycheck and it’s not a good feeling at all. My husband and I have made some very bad choices and our children are paying the price for it.

   We’ve been renting for years and moving around a lot. I’ve been at home with our children for years and my husband has been the only one bringing in any money, while I’ve been raising our children and working on my own books. So any advice you could give us that would be great. I here to help also!
Latrice on April 30th, 2009
2. 

   Thanks for your comments Latrice. Thanks also for your openness about your situation.
   My wife and I have struggled, for most of our lives in and out of debt, and it is so hard to talk about it. I would be embarrassed and ashamed. These are some of the things that I want to tackle and talk about. Get others experiences.
   We are finally on the road to recovery and it is such a great feeling. I want to help people. I want to share with others what has worked for us.
   I look forward to talking more with you Latrice. Thank you again.
   God bless you and your family.
bgosur on April 30th, 2009

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