So Leah and I planned not to talk this week, as she has her appointment with the financial counselors on base and I am leaving to go out of town for a business trip. I'm really excited she’s finally able to meet with them and I'm hoping they can work some magic in terms of debt relief/reduction with some of their creditors. If that happens, and Leah can get one more extension on her unemployment, they should be able to pay off most of their debt. Then, of course, the challenge is to not create more debt, meaning living on Eric's pay, which admittedly will take a lot of "doing without." But I believe Eric and Leah can do it, and their commitment to having Leah stay home and raise their children should fuel their effort!??
It has come to my attention this week that many people believe that financial issues exist primarily with those earning lower incomes, meaning middle class and lower middle class. I just wanted to set the record straight: I have seen major financial mismanagement at all socio-economic levels, from those who earn $30K a year to $300K a year to even $1 million or more. The American dilemma of "spending more than you earn" is truly an epidemic, affecting people in all walks of life. And it comes back to my theory that the problem is not that people simply can't do the math, but that we as a country have fallen victim to a syndrome of "we want what we want when we want it" and we'll figure out how to pay for it later.
Money is a challenging area of our lives, because it is very deeply emotionally based and tied to a deeper personal psychology that most people are either unaware of or simply not willing to look at. I am VERY PROUD of the journey that Leah and Eric have embarked on together, and although it has been painful at times, it is a journey that will set them on a path towards financial freedom. Financial freedom will exist when money becomes simply a means to an end, and they have the opportunity to live each day without the worry and stress that overspending puts on people.