Are you in financial distress, but incapable of admitting so?
Just like the collapse of some of the most storied franchises in the history of the United States banking industry, you may be on the verge of bankruptcy.
What can we learn from the current credit crisis about our own personal financial situation?
Liquidating hurts a lot more than recapitalizing. Even unsecured credit cards will determine your ability to obtain a future mortgage.
If you struggle with debt on a monthly basis, it is time to assess your situation and make changes accordingly.
Recall Franklin’s definition of insanity – “doing the same thing over and over again and expecting different results.”
Don’t give up. We can fix this together. But, the first step is recognition.