As usual, your wisdom is a welcome sight.

Debt troubles usually are self-inflicted. And, they can often be corrected almost as easily as they occured. It just requires a comittment to becoming debt-free and the follow thorugh to make it happen. Most of this is under our control. And, it is very empowering to become victorious over debt.

I think one of the biggest problems is the psychology of debt and the hopeless feelings it can inflict on some people. This is compounded by thoughts of escape and the legal opportunities to do so. But, it is very disempowering to become defeated by debt or to seek obsolvency. I know someone who has declared bankruptcy three times and never learned her lesson. It’s pretty sad.

Absolutely, Bret.

The good news it that except in the case of a catastrophic accident, the unexpected life-threatening medical condition, or some other stroke of random bad luck, debt troubles are usually self-inflicted.

Best,

Len
Len Penzo dot Com
.-= Len Penzo´s last blog ..How Fees Can Quickly Erode Your Savings Account Returns =-.