Which headlines are you reading in the paper or online these days? Which are alarming and which are putting you in fear and giving you anxieties? ….Probably all of them. There seems to be this heavy cloud above our nation these days, whether it be for our economy or our election or even the war. YIKES….where do we turn? Here are some of the headlines the past week: “Stocks Loses Ground Amid Financial Uncertainty”, “Dollar sinks sharply to euro”, “Bailout Bill Passes–Now the Hard Part”, “IMF predicts a Recession”, “US Retails Report Decreased September Sales”, “Retirement Account loses near $3 trillion”, it goes on and on. People are panicking, people are hopeless, people are looking to bankruptcy, to bailouts. What is this world coming to?
Ultimately we put ourselves in this position, didn’t we? We signed those papers, didn’t we? The papers that allowed us to own the SUV we drive and then can’t afford the gas, gas is too expensive. (Was that the problem? The price of gas?) The papers that got us into this house that’s too big, the payments made for just the interest so that we could pay against the loan later…and boy, are we *paying* later (now)!?! The papers that allowed us to use that big screen TV today and not have a payment for 6 months-6 months is now and we can’t seem to collect the first payment. We signed the papers/receipts for that extravagant dinner (a year ago) that we thought we deserved and we are still paying for it.
For more information on debt protection make sure to do your research. Check sites such as:
Fair Debt Collection Practices
and
Debt Collection WorkShop
It’s really sad because all the nation is looking for the government and the leaders to bail us out. Our nation is trillion (?) dollars in debt and they’re going to bail us out. We’re going to have our kids pay for OUR debt. We’re using all our natural resources and expect our kids to pick up the slack. How selfish is that?!
My wish is that each and every one of us own up to our responsibilities. You signed the loan papers to your car, pay your monthly debt each month. You signed your home loan papers, pay your mortgage. If you have to, look into refinancing, look into something. Don’t look to the government, don’t look to bankruptcy. Get through it, buckle up and take one step, one payment at a time. Go to a financial advisor and get some good advice. Own up to it, people.
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2 comments:
This is it. We live in a society of blamers. Would we all be walking out of our homes if we had equity in them? Probably not---we would find a way to pay our mortgage. Good post. Lets all raise out hands to where we may have went wrong. I'm just as guilty as anyone. We all got greedy including myself. I refuse to blame someone else including our government.
There is something to be said for taking responsibility for your actions, but some people just don't have the money - bottom line. With the ways things are in our economy, our situation is constantly changing. Were people supposed to have had a crystal ball when they signed those loan papers to predict where'd they be right now? Did you predict that gas and food prices would soar beyond your budget? Or that you might get laid off? LIFE happened to a lot of good people with good intentions and saying "just pay it" is easier said than done. Sometimes we're forced to make the hard choices about WHICH bills we can pay because we just don't have enough money to pay them all. If YOU do, then you're better of than many others.
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