Quote:
Originally Posted by tony404
I once was thinking of joining a company that got people out of foreclosure. This was years ago. The guy showed me the list they worked off of to talk to people about their service. I figured it would be in all low rent area. The avg house was about 400k and in the hi end area of buck head I was shocked. The man told me you would be shocked how many people driving mercedes and wearing hi end watches living paycheck to paycheck.
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I used to work with a woman that for years was a legal assistant to a lawyer that dealt with bankruptcies. She said a very large number of the bankruptcies he handled were from people making over 100K a year. They would buy too many cars, too big of house and then rack up thousands and thousands of dollars in credit card debt buying expensive vacations and things they had no resale value like clothes and toys.