I know I’m preaching to the choir here because we can all agree that your number one money goal is to live life debt free. We hold that thought firmly in our mind and to solidify our intention, we even turned it into a worthy goal. We already know how to get out of debt, but why are so many still struggling? Better yet, why are we still struggling years later?
We all know what our options are, if not, I’ve attached them to this E-mail for your review. We also know that financial freedom takes a combination of knowledge, discipline, and tenacity. It’s like the shampoo philosophy of lather, rinse and repeat. You need to be consistent with it for the rest of your life. No one wants to be told this is a life sentence!
One thing I know for sure is that most clients end up in my office only after they have exhausted all of their other options and one-by-one, they all failed. Years have gone by and they spent thousands of dollars only to land in my office for bankruptcy anyway. Don’t feel bad for them because we all have the power to choose how we deal with life when it smacks us upside the head. If you have spent more than five (5) years to get out of debt, time is wasting. You see time really is money. Time you can never get back, but money can be made over and over again.
Those that finally came in and broke down, they make that leap of faith and choose bankruptcy. No one actually chooses bankruptcy, but I believe it’s a powerful tool that goes unnoticed because of all the stigma surrounding it.
Morally, it seems harsh and unfair to not repay your debt when you contractually agreed to it. Creditors don’t want you to file for bankruptcy because they want to continue to enjoy your interest payments. Not to dive too deep into the philosophical realm here, but at what point do you owe a corporation money when that corporation designed the game for you to lose? Did you really agree to pay 30% interest on last months’ groceries? The bank always wins and they don’t care as much about you as you do about them.
By the time our clients have completed their bankruptcy case I always here, “I wish I would have done this sooner!” They kick themselves because I explain the process and walk them through it, step-by-step and we’ll do the same for you. Don’t regret your decisions whether it is waiting or jumping. Just know that every decision or choice you make has a price attached to it. If you know bankruptcy is right for you, when is now a good time to get started?