| Jesse was only 35 years old, but drowning in debt. He | | | | receive calls from creditors, saying that he was falling |
| owed money for so many things, he couldnt keep | | | | behind on payments for credit cards. Part of Jesse's |
| track of them all. There were seven credit cards alone | | | | problem was that he didn't manage his money well. He |
| that added up to over $5,000. There was one credit | | | | would put off paying bills, and forget where he put |
| card just for gas. Another just for this, another just for | | | | them half the time. He didn't keep his checkbook in |
| that. College student loans, car payments, mortgage | | | | order. Jesse definitely needed some advice to get his |
| payments, and a hospital bill from three years ago that | | | | finances on the right track! |
| he was paying off slowly because his insurance | | | | Jesse went to his bank for advice, and they gave him |
| wouldn't cover it. | | | | two CD audio books to listen to. In his spare time, |
| Jesse made a decent living as the owner of a | | | | Jesse learned some things that he should be doing to |
| limosuine company. Last year he grossed $78,000. For | | | | help him use his money wisely and slowly get out of |
| a single guy with no children, that's a decent amount of | | | | debt. He learned that he could actually call all of his |
| money. You would figure that $1,500 a week should be | | | | creditors and negotiate a lower interest rate with them. |
| enough to get by. But a year ago, Jesse took out a | | | | He learned that he should pay the minimum payment |
| mortgage on a $300,000 house. Things started to get | | | | on his school and hospital bills each month, since they |
| a little tight, but still manageable, until he started getting | | | | are interest free, and increase the monthly payments |
| bills for property tax, the heating and electricity bills, etc. | | | | on everything else. There were so many things that |
| ... the house was costing him more than he thought it | | | | Jesse learned about finances from listening to those |
| would. | | | | audio tapes that he was able to reduce his debt by 1/3 |
| He knew he was in trouble when he started to | | | | in just one year! |