What NOT to Do: Decision Making without Research

 

Nearly fifteen years ago I sat in a room with a dozen other people all looking for the same thing; a peace of mind.

I was stressed out and unsure of how to proceed with my future. One person’s poor advice landed me in that cold and intimidating room. I was hoping to change my life around. I was hoping to start off fresh, new and without the weight of the world on my shoulders. I just wanted to sleep well knowing that things were going to get better.

I was in a court room and I was before a judge, hoping to finalize my case for Chapter 7 Bankruptcy. I was 24 and out of college barely two years. I was facing school loans and $15,000 in credit card debt.

Above all that, though another problem loomed over me…I didn’t know a damn thing about finances!

I was completely and totally clueless. I didn’t have a savings account, a 401B (I was a teacher at the time), a budget or a debt reduction plan.

Someone I knew (a very shady character) had filed two times already and he told me how easy it was claim bankruptcy. In hindsight, it was the worst piece of advice I have ever received.

I should have done more research. I should have read book after book after book. I should not have been lazy like Larry Winget so perfectly stated in his book.

I could have tightened my belt and focused on what was important. I should have learned all those lessons at 24 so I wouldn’t be here at 36 contemplating it again.

What NOT to Do: Decision Making without Research

In the next two days, I am going to further discuss my options for filing bankruptcy now as well as provide you some information if you are considering it yourself.

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Tags: bankruptcy, Debt Reduction, finances, money, What Not to Do