My first thought on seeing that $200,000 dollar figure was, how? What can you possibly buy to run up a debt of that colossal magnitude, by the age of 34?
.
Above BBM and snipped for space.
How? Oh...soooo easy. Especially if you are the type of person who doesn't really want to work for a living and continuously look for 'the easy way out', no matter the cost.
Example: We have two extended family members, one in his mid thirtys and one in his late fortys........
I can't even begin to total up the amount both of these people have spent on "Get Rich Quick" late-night infomercials!
But I can almost guarantee my hubby's next paycheck that each one owes
in excess of $200 thousand JUST on the money spent over the last 10 years on these 'schemes'.
Younger man just signed up for a new one and we are soooo tired of hearing about it....we avoid him as much as possible or we get the 'speel' of how he is going to be rich just spending a minimal amount of hours on his new 'career'.
He went to a seminar. Bought into the program at an INITIAL cost of Fifty Thou. with the company's guarantee he will triple that in a year. *uh huh - eye roll here*
He purchased vending machines. Not just one or two but lots and lots of vending machines.
The company failed to mention that friend has to find his own places to set up these machines.
He has to buy the product, load, fill, repair, etc.
I'm still not seeing where that return is coming from.
The kicker is....he still hasn't finished paying for his last 'career'....web site development.
A kit, programs, 24-hour online help, etc.
He was supposed to reap his $3000 initial investment in 6 months.
When the company tells him he'll reap his 'initial investment' they don't bother telling new customers how much other product needs to be purchased within a certain period of time to make their 'guarantee' valid.
In the end he got fed up because he "was spending too much time on the computer" !
These type of people Don't Want To Work!
If they happen to have an enabling mate/partner/spouse (read: who buys their line of BS about working hard at a new 'career'), it makes it all that much easier for them to go from one "Get Rich Quick" scheme to the next.
Let's not forget the Coffee Kiosk, the Real Estate adventures, the buying repo homes to fix them up cheaply and resell them at a huge profit, the getting real estate license 'quick' at an astronomical fee, the 'quick' home inspector license, etc....all these were Ads sent to both guys, both guys went for each one because of the promises of getting rich quick.
At first it was sad to sit on the sidelines and watch what these friends were getting themselves into. Very hard to watch the wife of each work long hours to make ends meet.
After talking till we were blue in the face, it's no longer sad.....we just avoid them as much as possible.