Feb 05 2009
Get Out of Debt Quickly? Who Are You Kidding?
By: L Jones

I was heading out the office today for lunch, when a good friend of mine approached me and asked if I heard about the “Get Out of Debt” briefing that was taking place after lunch at our office building? He gave me all the details and after lunch I went to the location of the brief.
The Post Chaplain was the facilitator of the brief. What he did was basically showed what he termed “a teaser”, to get everyone fired up about getting out of debt. He basically showed a 10 minute clip from the Money Matters course about the financial paths chosen by two liked individuals; one remained in debt, while the other got out of debt and invested.
Everyone at the brief was excited about getting started with the courses, which will take place every Wednesday for like 9 weeks or so. But one lady, Jane asked a very important question. I can’t put it as eloquently as she did, but her question was, ‘How can we begin to save money at this time, when the economy is so badly damaged?’ She further explained how timing is everything and that at the time the video was filmed, everything they said about overpaying your bills to lessen the taxes and finance burdens may have been a viable option then, but there is no extra money now. People’s retirements are dwindling away as you read this post; some are losing their jobs; their careers, and many are losing hope.
My question to you is, with the banks, stock market, car industry, porn industry, housing market and other industries failing; with so many people losing their jobs; with bailouts being made to stabilize the economy by keeping the rich, rich, and the poor worse of than they ever have been, how in the world can you expect to get out of debt? That’s what I am thinking about. Let me know your thoughts.