A year ago, I would have laughed in your face at the thought of my own financial situation.
I was the financial guru of my life.
I had worked hard to save and I had put my money where my mouth was.
That’s what it was like to be a millionaire.
But I was no longer the financial savior of my parents and grandparents.
I’ve had to learn to live with the fact that it was time to go, and I’m not the only one.
There are millions of people who are stuck in the same place.
The financial crisis, which was triggered by the financial crisis in 2008, has created an enormous gap between the rich and the rest of us.
For a lot of people, that gap is as big as the Great Depression.
Millions of Americans have fallen behind financially, unable to repay their loans and keep up with their mortgages.
As a result, they’re at risk of foreclosure.
What happens when you lose your job?
What happens when your credit is taken away?
What if your car is taken from you?
Why did I lose my job?
What do I owe my creditors?
How do I pay my bills?
I don’t want to lose my house.
Can you imagine how hard it would be to get a mortgage on a house worth $500,000?
And how much I would be willing to lose to pay for that house?
You can’t be broke when you’re the richest person in the world.
The first thing I had to do was get back on my feet and make money again.
But it was not easy.
My parents and I didn’t have enough money to pay the bills.
I spent the first year of my career on debt, trying to make ends meet, and now I have to try to do the same again.
My parents have been through a lot together, and it has been hard on them.
It is so sad that the government gave the middle class tax breaks in the 1930s and ’40s.
We didn’t get the same amount of money for what we earned.
I didn’t realize that you can’t save enough to retire.
I didn`t realize that if you are unemployed and working longer than you can, you can get into a higher tax bracket.
I wasn’t even aware that there were deductions available that would help you pay your bills.
If you`re in debt, you have to pay it off.
You can’t make payments on your debts and then be able to pay off them.
You`re not allowed to use your money for anything else, and you have nowhere to go.
It`s a big problem.
I don`t think anyone could have foreseen that the financial crash would lead to this.
What if I can`t pay off my debt?
I have a lot in debt.
My credit card bills are astronomical.
Why can`s not I just put my savings into the stock market?
If I`m broke, I can borrow money from someone else and use that money for a down payment on a home or a car.
If you`ve got money that`s gone, and your credit has been taken away, you`ll have to start again from scratch.
How much is too much money?
The big issue is that people are living in a bubble that has not really existed in the past 50 years.
If you live in a place like Las Vegas or Orlando or San Francisco, the amount of debt you have on your credit card is way out of proportion to what you`d be able or willing to borrow.
The average household in the United States has about $250,000 in debt in terms of credit cards.
It was about $60,000 when I moved here in 1990.
That`s the highest level of debt that I have ever seen in my life and I am still struggling to pay down that debt.
There is a very real possibility that your house will go into foreclosure, and that`ll mean a lot to you and to your children.
If that happens, what happens next?
People are going to get into big trouble because of the government bailouts.
You have to borrow money to buy a house.
You have to make payments.
You`ve made a big mistake by going into debt.
You need to start over.
We don`ts know if the government`s bailouts will actually work.
It`s very difficult for people to save money because they are afraid to go into debt, and they`re afraid of what will happen if they`ve to lose their jobs.
They are worried about losing their job and not being able to get out of debt.
It is going to be very hard for them.
In the short term, it may be easier for you to pay back your loans, but in the long run it is going.
For most people, their savings are going down because of this