Financial Yikes!

June 19, 2012 in Personal Development with 9 Comments

Financial Yikes | Bankruptcy

“More Americans now declare bankruptcy than graduate from college.”

—Richard Paul Evans,

The Five Lessons a Millionaire Taught Me About Life and Wealth

(New York: Fireside, 2006), p. 6

 

  • http://danblackonleadership.com/ Dan Black

    Amazing. We live in crazy times. 

    • http://www.liveitforward.com/ Kent Julian

      I know…I thought about writing some sort of comment or insight, but the statistic (if true) stands for itself.

  • http://www.jmlalonde.com Joe Lalonde

    That is scary… Especially with how many college graduates we have. Wonder how many of the bankruptcies are caused, in part, by the huge student loans studgents are taking out.

    • http://christiannick.wordpress.com/ ChristianNick

      Very good point, Joe. What is even more sad is that many of those with student loan debt have no degree to show for it because they dropped out before graduating.

      • http://www.liveitforward.com/ Kent Julian

        I know…very sad, Christian.

    • http://www.liveitforward.com/ Kent Julian

      My thoughts, too!

  • http://www.facebook.com/carmen.k.wilkes Carmen Kennedy Wilkes

    This is so true. My parents declared bankruptcy when they were in their 70s and my soon to be ex-husband is planning on declaring bankruptcy. I helped make the debt, not proud of that. My Mom graduated from college, my dad and husband did not.
    Just finished Financial Peace University.For your own good, for the good of your family and your future, grow a backbone. When something is wrong, stand up and say it is wrong, and don’t back down.”  You must walk to the beat of a different drummer. The same beat that the wealthy hear. If the beat sounds normal, evacuate the dance floor immediately! The goal is to not be normal, because as my radio listeners know, normal is broke.” ― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness.
    Financial peace isn’t the acquisition of stuff. It’s learning to live on less than you make, so you can give money back and have money to invest. You can’t win until you do this.” Dave Ramsey
    I am getting off the dance floor.

    • http://www.liveitforward.com/ Kent Julian

      Carmen…thanks so much for sharing your personal story! What’s more, congrats on turning one of your greatest adversities into one of your greatest assets!!!

  • http://talesofwork.com/ kimanzi constable

    Very true Kent!