Broke With Privilege

My mother grew up in poverty, raised by a single-mother in a non-English speaking household in New York City. Without the slightest hint of today’s buzzword – “privilege”- in her upbringing, she worked and earned herself a scholarship to Barnard College and later, Columbia Business School, paving the way for her unprecedented career successes. I, … Read more

We Are Just Making It On Food Stamps, My Husband Had a Stroke, What Should We Do? – Kristina

“Dear Steve, I have read most of what is on your web-site and none of your helps apply to us. We are currently probably over $22,000 in debt. It may not seem like a lot to you but to us it is enormous. We have NO car payments and haven’t for over almost 20 years. … Read more

Debt Fact – Most Pro Football, Baseball and Basketball Players Go Broke

Sports Illustrated estimates that 78 percent of former National Football League players, within two years of retirement, are bankrupt or “under financial stress because of joblessness or divorce.” Within five years of retirement, an estimated 60 percent of former National Basketball Association players “are broke.” Recession or no recession, many NFL, NBA and Major League … Read more

I’m Broke and Living With My Parents. My Credit Card Company Wants Me to Send Them a Letter. What Should I Say? – Noname

Noname “Dear Steve, Hi, I am currently unemployed and broke living with my parents just barely getting by. I have about $3,000 in credit card debt which is 90 days since last payment. I am actively seeking a job now and called the credit card company and told them about the situation. The credit card … Read more