Monday, June 25, 2012

Theoretical Family Part 1

I'm revamping the blog. Its no longer about me but about the Theoretical Family...

EDIT: At the time this blog entry was posted I had a Youtube video here. That has been removed but I want the rest of my content to be remain. Nothing hidden no past mistakes ignored. All out in the open.

-$664 a month. Wow they have dug themselves into a big hole. I don't think this situation is really that rare judging from what I have seen in my own life and in polls, surveys and on the news. Its very easy to do too. We get out of college and have no real concept of the consequences of the debt being shoved in front of us. Buy this house, buy this car, use this card to fulfill your dreams.

It can seem pretty hopeless and useless to try to reverse once you find yourself in this position. A lot of families never even try or just given up. My next entry will be in how the Theoretical family gets out of this mess.

Mr and Mrs Theoretical have their full budget on their own tab now.

Disclaimer: The investments and trades in my videos and blog entries are not recommendations for others. I am not a financial planner, financial advisor, accountant, or tax adviser. The financial actions I talk about are for my own portfolio and money and only suited for my own risk tolerance, strategy, and ideas. Copying another person's financial moves can lead to large losses. Each person needs to do their due diligence in researching and planning their own actions in the financial markets.

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