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