Uncertainty about the financial future dominates the lives of hundreds of millions of people: Where will I sleep? How will I feed my family? For many, just thinking about these worst-case scenarios can be paralyzing.
Politicians who are promising to repeal Obamacare won't find any evidence in the Kaiser Family Foundation's analysis of health insurance costs that the law has caused premiums to skyrocket, as many of those politicians have contended.
I have a pretty good idea what legislation in the last decade could have "corrected" the housing crisis, and what legislation made it worse. Ryan voted wrong every time.
Stare debt in the face and be honest with yourself. You shouldn't be ashamed of once being in debt, it happens to the best of us. So why do people fall into debt?
What began as a critical problem for a small percentage of prospective clergy is reaching alarming levels, new research indicates. It is no longer unusual for seminary graduates to leave school with $70,000 to $80,000 in debt.
Consumer fraud and unfair business practices have become the hallmarks of how banks have been treating their customers.
Only a few days earlier I had driven my leased car to the dealer and handed them the keys, and I had no idea how I was going to pay rent that month. Maybe I was crazy, but then again dreamers always look a little crazy to those that have forgotten how to dream.
Beginning in 2007 I experienced the most devastating time of my life in almost every way -- personal bankruptcy, financial ruin, embarrassment, and self-doubt. At the end of the worst of it, I found a new direction.
In recent weeks, three California cities have filed for bankruptcy: Stockton, Mammoth Lakes, and San Bernardino. If you live there, should you get out of town? And if you don't live there, should you worry that your city is next?
Both experiencing the emotional loss of a loved one and the emotional loss of your financial life are similar in some distinct ways. However, the emotional stages of debt also have two additional components that a mortal death does not.
As someone who answers debt-related question every day for people, I understand the reality of bankruptcy is one many are confused about. They discount it out of a perceived stigma without evaluating the logic and math of the solution.
Bankruptcy is not on anyone's list of fun things to do. The promise of relief that comes from stemming this negative tide is the deciding factor for most people. If you've filed bankruptcy, and are still being bothered by your creditors, there are some things you can do.
I speak of the debt-collector alchemists who can turn seemingly worthless defaulted credit card debt into pure gold. It's an absolutely brilliant contortion of our justice system, if you care more about profits than justice.
We are doing everything halfheartedly, taking part in a frenzied campaign to keep ourselves heartened, to convince ourselves not to give up.
It's been ten years since I filed for bankruptcy, and although I'd like to be able to say I learned a lesson about money, that would be a bit of a lie.
Of course, there are Latino libertarians out there. But in general, talking Hispanics into espousing the Ron Paul agenda is only slightly easier than getting the pope to show up at the Stonewall Inn for a drink.