Thursday, October 9, 2008

Class Debt Totals are in...

$2,973,208.20

That number represents about 60 of the 65 people in our class, and the 37 households that responded. If you take the number above and divide it by the number of responses, we are left with an average debt (not including personal residence mortgages) of $80,356.98 per household!

This is where the rubber meets the road in this class. This is where you either become "practice the goat", and quit, or you are Gazelle Intense and you run for your life. It sucks to be in debt! No one knows that better that Stacie and I do. Our total debt (mortgage included) just about equals that giant number above. Giving up will not help. Filing for bankruptcy is not the answer.

You wandered into debt but you cannot wander out. Run! Run from the Cheetah! Do whatever it takes to get your life back. Isn't it worth it in the end? If it took you 5 years but you were debt free, how would that change the rest of your life? The time is now.

No one has quit yet, don't be the first. See you next week.

2 comments:

Priscilla said...

OHMYGOODNESS!! there are no words. lol

JohnD said...

There is hope! My wife and I went through FPU this Summer and we are now debt free!!! To those currently in the class: you are getting to know you're plan; jump in both feet and don't look back. Things might look dismal, but as you start working at the plan, you'll see how doable (yes, hard, but doable) it really is. It's absolutely worth it!

Blessings on your journey!