Difference between revisions of "Debt"

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(Advice on debt!)
 
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= Facts about Debt =
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Are you the kind of person that thinks  the world is like this? [[Image:debt.jpg| IT's NOT!]]
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* Americans carry, on average, $5,800 in credit card debt from month to month.
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* According to the American Bankruptcy Institute, 302,829 people file for bankruptcy in the first quarter of 2000.
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* More than 40% of US families spend more than they earn.
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* 96% of all Americans will retire financially dependent on the government, family, or charity.
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* Nearly 1 out of every 100 American households will file for bankruptcy.
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=== Staying out of debt is easy if you follow my simple one-step program. ===
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# Don't spend more money than you have in your savings account.

Latest revision as of 18:35, 1 October 2007


Facts about Debt

Are you the kind of person that thinks the world is like this? IT's NOT!

  • Americans carry, on average, $5,800 in credit card debt from month to month.
  • According to the American Bankruptcy Institute, 302,829 people file for bankruptcy in the first quarter of 2000.
  • More than 40% of US families spend more than they earn.
  • 96% of all Americans will retire financially dependent on the government, family, or charity.
  • Nearly 1 out of every 100 American households will file for bankruptcy.




Staying out of debt is easy if you follow my simple one-step program.

  1. Don't spend more money than you have in your savings account.