Saturday, January 20, 2007

20/20 - Digging Out of Debt

Did anyone catch last night’s edition of 20/20? The topic was Digging Out of Debt and they interviewed the Petersons, who were living off of their credit cards. They had $60,000 of credit card debt and that’s how they were surviving. They had two houses, time-shares, two cars, etc, but I believe in the end their net worth was ~ $8,000. Anyways, check out the 20/20 interview by clicking here. It's an eye opener.

4 Comments:

At January 20, 2007, Anonymous NCN said...

Yes, I saw it. It was amazing that they kept going on vacations and stuff... wow...
NCN

 
At January 20, 2007, Blogger sniggle said...

I saw it too. When the financial guy said they had to sell their home, then rent, the wife looked like she had been choked.

 
At January 26, 2007, Anonymous hustlermoneyblog said...

crazy people. How the heck do they think they can keep going like that??!!

 
At January 26, 2007, Blogger Money Turtle said...

I've of heard people living beyond their means, but this is pushing it a little bit, huh?

 

Post a Comment

<< Home