Standing on moving ground; get out of debt

Back in the day, my grandparents lived through the depression. Their generation was much better equipped to live through such an event than we are today. They lived on a cash basis. They owned their home free and clear or they rented. They were not far removed from the land and still knew the skills to sustain themselves.

We will suffer more than they did. If the web bot project and hawkeye are correct it will be soon.

The bankruptcy laws have changed in America. Bankruptcy no longer clears you of unsecured (credit card) debt. If the unsecured debt is not cleared and you cannot pay, what secures the debt? You do. Your person secures the debt. You become an indentured servant to your creditor. Does this clarify some of the purpose behind the FEMA concentration camps built all around the country? Debtors prison is coming back. Labor camps....

In 2006 Steve Shenk made us aware of a debt payoff idea known as the HELOC shuffle. This system worked well for us. We were on track to pay off our thirty year mortgage in just under five years. Seriously.
The economic climate has changed. The banks are failing, and the equity in the homes is going away.

So what are we left with?

Using the HELOC shuffle changed the way we look at our money.

How deep in debt are you? Be honest now.
Are you a paycheck from the poorhouse?
Are you upside down?
Are you swirling the drain?
Are you bankrupt?

Do you even know?

I do. As we sit here I am one hundred thirty eight thousand dollars in debt. That's a lot of freedom chips.
At least I know, to the penny.

We are still working a modified version of the original
HELOC shuffle. I can tell you more about it and how to work it if you'd like.

In the current economic climate we are more like our
grandparents then we dare admit. The appropriate solution to debt is simple. Earn more than you spend. Spend on a cash basis.

Here is a system that will show you how.
http://www.youneedabudget.com/blog/