Janet Is In Trouble. She Says “I’ll Be Out Of Money Soon. What Should I Do?”

“Dear Steve,

I bought my first home, moving from Pennsylvania to Florida, the only place I knew all my life, following the death of my beloved mother.

I was able to put a down payment on a house in a beautiful community in Florida, & live rather cheaply as compared to Pennsylvania. Unfortunately, the job market has not been kind to me and I have been unemployed for 5 months. I have borrowed from every resource possible and have been through a line of credit of 31,000 over the past 1.5 years.

The pay scale here is ridiculous…something I was not aware of and only wish I had done my homework on that front. I am now trying to start my own home based business, but in the meantime I have all these bills that are going to go unpaid after this month, including my mortgage.

I fear going into foreclosure or losing my home. I am determine that I will not become another statistic.

What do you suggest I do to get by for a few more months. I know I will do well with this business and or find a job…it is not paying my bills that concerns me. I had a great credit score, but I believe it went from 730 to 680 now, since I missed paying a bill or two by a few days. I do not know what else to do. I would appreciate your input. I have approximately $170,000 debt which includes my two mortgages and credit cards, and need about $2000 per month to pay all my bills.




Dear Janet,

I had so much to say that I launched a new podcast show and your question and answer became the focus of the very first show.

You can listen to the show using the player or link below.


You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.



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Steve Rhode

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