Each of us lives only now, in this brief instant. The rest has been lived already. So make the most thoughtful choices you can today that will lead to a better future.
Steve's Thought of the Day
Stop drifting and hoping a magic solution will appear. Instead, you can participate in rescuing yourself. Find peace by pursuing facts through trusted advisers and research rather than the blind trust of salespeople trying to sell you something by almost any means necessary.
Steve's Thought of the Day
Make decisions to deal with your debt with logic and facts, not assumptions, and worry about what other people will think. People who judge you will soon be forgotten. Nobody thinks about anyone that much.
Steve's Thought of the Day
The world is nothing but constant change. Your life is only a perception. Choose a way out of debt based on facts, not assumptions. Do what is best for your future because those that judge you will not feed you.
Steve's Thought of the Day
Do you have a greater responsibility to repair your financial past or your financial present and future? Make good choices that allow you to tackle your debt and immediately start building your emergency fund and saving for retirement. Tomorrow will be here before you know it. Lost time is a sin.
Steve's Thought of the Day
There is no sense in wasting a perfectly good financial mistake. Instead, learn from it and do better moving forward. The past is gone. Turn and face the future now.
Steve's Thought of the Day
Those who judge you for past financial mistakes are not your friends. So don't make choices about your future out of fear of what they may think. Instead, make choices based on truth, fact, and what is best for you moving forward from today.
Steve's Thought of the Day
Don't believe everything you think. Challenge your assumptions about getting out of debt. Do what is best for you, not others.
Steve's Thought of the Day
Is it less moral to file bankruptcy or to not take action that leaves you old, broke, hungry, and dependent on others?
Steve's Thought of the Day
If bankruptcy is so bad, why did our Founding Fathers specifically include it in the U.S. Constitution as protection for financial difficulties?
Stop listening to people that say bankruptcy is a last resort. It is neither first nor last. It is a tool like credit counseling, debt settlement, and others. For the best result, you need to use the right tool for the job.
Steve's Thought of the Day
People that tell you to avoid bankruptcy want to sell you something else are repeating something they heard or do not know what they are talking about. Get the facts and then make your own decision. Don't let an unskilled script-reading commissioned salesperson make life decisions for you.
Steve's Thought of the Day
Debt problems are like fingerprints. No two are alike. A one-size-fits-all solution will give you a one-size-fits-all result. You deserve better.
Steve's Thought of the Day
You are not your debt. Your value, self-esteem, and existence should not be defined by the money troubles you may be facing right now. Debt problems are solved with proper action, not guilt, self-hatred, and disgust.
Steve's Thought of the Day
Debt is nothing more than math wrapped in emotion. The math is easy, the emotional part leads us to do impulsive things. Not the right thing.
Steve's Thought of the Day
What type of money personality do you have? It is important to know. Take my online test now and discover how you unconsciously deal with money, credit, and debt.
Steve's Thought of the Day
How much retirement savings are you willing to throw away by dealing with your old debt instead of preparing for your financial future? Find how much you will lose by making the wrong choice. Use my online debt repayment calculator now.
Steve's Thought of the Day
Does it make more sense to ask for life-altering debt advice from an unskilled and untrained commissioned salesperson in a call center or an experienced debt coach like Damon Day that provides a customized solution for money troubles?
Steve's Thought of the Day
I Am 73 and So Stressed. I Keep Robbing Peter to Pay Paul. – Patricia
I am a 73 year old senior. I work 5 days a week and receive social security. I have debts from way back when I was married and some more recent ones. I probably owe between 10 and $20,000. I cannot answer the phone and if I do I get harrassed. I am so stressed and I keep robbing peter to pay paul. I cant pay all of this with living expense so high. I am tired and stressed and would love to be able to quit working but I see no possible way. What should I do? Thank you,
Should I file chapter 7 or what other option do I have. Please helm me.
Patricia”
Do You Have a Question You'd Like Steve to Answer? Click Here.
Dear Patricia,
I think the place to start in evaluating your situation is to start with expectations. Is it a reasonable expectation to assume you can dig yourself out of this hole when it appears you don’t have enough income to make ends meet? Probably not.
Your ability to quit work depends on your ability to afford your life without your debt. But at the very least you can help to reduce your debt to a point where your life is more financially manageable.
Chapter 7 bankruptcy is a legal and available tool for people to consider when they need help. Before you make any judgments about bankruptcy I suggest you click here to find a local bankruptcy attorney and talk your situation over with them.
While I’ve told you what expectations are not possible, let me tell you one that is. It is a reasonable expectation that if you take action to address the debt that bankruptcy may eliminate a great deal of the day-to-day financial stress you feel. And that’s a good thing.
Thank you for your answer, Steve. It was very helpful. The problem now is that I have checked with bankruptcy attornies but their fees are so high. I dont have that kind of money to pay them that much. One of them told me “save it up and call me.” I need help now. Is there any other options for me? Thank you
Thank you for your answer, Steve. It was very helpful. The problem now is that I have checked with bankruptcy attornies but their fees are so high. I dont have that kind of money to pay them that much. One of them told me “save it up and call me.” I need help now. Is there any other options for me? Thank you
Thank you, Steve, for your advice. I have tried finding a bankruptcy attorney that didn’t charge so much. They are so expensive that I really can’t afford one. Your advice did help and I will let you know how it goes.
Patricia,
It sounds like you may qualify for pro bono bankruptcy help. Follow this link for free help in your state.
Steve
Thank you for your answer, Steve. It was very helpful. The problem now is that I have checked with bankruptcy attornies but their fees are so high. I dont have that kind of money to pay them that much. One of them told me “save it up and call me.” I need help now. Is there any other options for me? Thank you
Thank you for your answer, Steve. It was very helpful. The problem now is that I have checked with bankruptcy attornies but their fees are so high. I dont have that kind of money to pay them that much. One of them told me “save it up and call me.” I need help now. Is there any other options for me? Thank you
Patricia,
It sounds like you may qualify for pro bono bankruptcy help. Follow this link for free help in your state.
Steve
Thank you, Steve, for your advice. I have tried finding a bankruptcy attorney that didn’t charge so much. They are so expensive that I really can’t afford one. Your advice did help and I will let you know how it goes.