Comments on: Stop the Bleeding http://joelmaxwell.com/2006/03/19/stop-the-bleeding/ Breaking the Chains of Debt, Forever! Tue, 06 Jan 2009 15:23:09 +0000 http://wordpress.org/?v=2.3.1 By: Rob in Madrid http://joelmaxwell.com/2006/03/19/stop-the-bleeding/#comment-29927 Rob in Madrid Mon, 24 Dec 2007 15:37:19 +0000 http://joelmaxwell.com/2006/03/19/stop-the-bleeding/#comment-29927 I think stop the bleeding is the most important step one can take. It took me a while but a few surprise Mastercard bills (charges that took a while to come though) put our account over the limit and a few lettes from the bank convinced me it was finally time to ditch the credit cards. I have swiched 100% over to cash, it's an awsome feeling when at the end of the week you have cash left over at the end of the week. Makes all that frugality worthwhile. My wife still has a coporate Amex for traveling but it is used only for business and NEVER for personal. I think stop the bleeding is the most important step one can take. It took me a while but a few surprise Mastercard bills (charges that took a while to come though) put our account over the limit and a few lettes from the bank convinced me it was finally time to ditch the credit cards. I have swiched 100% over to cash, it’s an awsome feeling when at the end of the week you have cash left over at the end of the week. Makes all that frugality worthwhile.

My wife still has a coporate Amex for traveling but it is used only for business and NEVER for personal.

]]> By: Joel http://joelmaxwell.com/2006/03/19/stop-the-bleeding/#comment-23 Joel Mon, 20 Mar 2006 17:23:57 +0000 http://joelmaxwell.com/2006/03/19/stop-the-bleeding/#comment-23 I don't know about being a motivational speaker, although I love teaching. I am wanting to start facilitating a Financial Peace University course, but I want to wait until we are under $400,000, which actually should be by June if everything goes well. I do appreciate your comment. I don’t know about being a motivational speaker, although I love teaching. I am wanting to start facilitating a Financial Peace University course, but I want to wait until we are under $400,000, which actually should be by June if everything goes well. I do appreciate your comment.

]]> By: Debbie http://joelmaxwell.com/2006/03/19/stop-the-bleeding/#comment-22 Debbie Mon, 20 Mar 2006 14:45:36 +0000 http://joelmaxwell.com/2006/03/19/stop-the-bleeding/#comment-22 Wow, that is so true. What a great analogy. We keep using and using our credit cards "just until we can get back on our feet". When in reality we are just making that goal more far away. I think by the time your journey out of debt is over, you are going to have to become a motivational speaker. ;-) Wow, that is so true. What a great analogy. We keep using and using our credit cards “just until we can get back on our feet”. When in reality we are just making that goal more far away. I think by the time your journey out of debt is over, you are going to have to become a motivational speaker. ;-)

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