Getting Out of Debt

I was just over at "Credit Withdrawal," a site dedicated to helping people break their habit of using credit. The post I sought concerned avoiding foreclosure, a topic I considered blogging on. The first line of Randall's February 1, 2008 blog caught my eye. It begged to be read and re-read. Here's the first line, in its entirety:

Too many people are waking up nowadays,

The post went on to discuss the rather rude awakening adjustable rate mortgages regularly provide. ARMs, it seems, slap you with both hands while someone else throws a bucket of ice water in your face. Though there are some good uses for them, I haven't personally had the displeasure of having one. I'm a bit of a risk taker, but not an all-out gambler, which the majority of folks taking on adjustable rate mortgages in the last five years seem to be.

Back to the first line. Of course the blogger's point was more complete:

Too many people are waking up nowadays, finding that the Adjustable Rate Mortgage 'good deal' they bought a few years ago isn't such the good deal they thought it was, now that it's adjusting upwards.

But I kind of liked thinking about where that line break fell. It isn't that too many people are waking up. Too few, probably. It's that too many are awaking NOW instead of 20 years ago!

This is one reason I'm so passionate about educating people about reducing mortgage debt. It isn't the be-all-and-end-all of financial management, but paying off your home years sooner is certainly worth at least considering. And if you decide it's for you, there's a little order button on the bottom right of this page.

If you aren't sure yet, at least tell me your reasons and let's talk. I'll learn something from you as surely as I hope you'll catch something from me. So jump into communication by giving me your email address below: