credit card debt | bankruptcy lawyers in memphis tnAre you living a life controlled by debt?

By: Darrell Castle

Josh Millburn wrote a memoir on his life titled “Everything That Remains.” In this memoir, he detailed his life in which he lived for material possessions and how he changed his outlook. However, in living for material possessions and to just fill his life with stuff, he fell deep into debt, maxing out credit card after credit card. He did this in his own pursuit of happiness and the “American Dream.”

Here’s what he said once he got himself out of debt –

“Eventually, happiness was just a speck on the horizon way off in the distance. The closer I got, the farther I had to go. Turns out that I’d been running as fast as I could in the wrong direction. Oops. The stuff wasn’t doing its job; it wasn’t making me happy. Depression set in and I no longer had time for a life outside of work, laboring eighty hours a week just to pay for the stuff that wasn’t making me happy…I didn’t have time for anything I wanted to do…I didn’t even have time to have a cup of coffee with a friend, to listen to his stories. I realized that I didn’t control my time, and thus I didn’t control my own life.”

Josh’s realization above is a scary one. When you spend money you don’t have on things you don’t need, you just put yourself into debt. Then you spend all of your days working hard only to pay off that debt and you really have no time to enjoy those things you didn’t need and often times don’t spend time with the people you care about.

I urge you to use Josh’s story as an example of why frugal spending is important. Instead of spend, spend, spend, you should save, pay your bills and then spend what’s left – but save first!

When saving your money, you’re setting yourself up to avoid being enslaved to debt and giving yourself a cushion to withstand life’s unexpected incidents, like a job loss or a medical emergency.

Are you already sitting in a lot of credit card debt? I have good news for you – here in America, we can have a second chance, through a bankruptcy, to live a healthy financial life.

By filing for bankruptcy, you can either discharge your debt through a Chapter 7 or lump all of your debt into a Chapter 13. Then, once the process is complete, you have a clean slate and a fresh start to begin spending your money the right way.

At Darrell Castle & Associates, we not only want to help you get out of debt by filing for bankruptcy, but we also want to help you get to a healthy financial place. We do this by offering you access to a 14-week program called “7 Steps to a 720,” in which you’ll learn tips and secrets the banks don’t want you to know in regards to re-establishing and rebuilding your credit the right way. This program is a $1,000 value, but since we pay for it, it’s free for our clients.

If you have any questions or if you’re considering filing for bankruptcy, you can speak to one of our experienced Memphis bankruptcy lawyers, free of charge, by filling out the “Get in Touch” form at the bottom of the page, or by calling us at (901) 327-2100.

You’ll be glad you did.