Trapped by Finances

Illegal immigrants see what the Americans have and want to achieve the American Dream. What they don’t see is the financial hole many of the Americans are in due to having this American Dream. When I see the illegal immigrants, they have no credit cards, no mortgage and no lease or car loan; sometimes I’m a little envious because they are debt free. How many Americans can actually say they are financial free and truly living the American Dream of owning everything free and clear? I would venture to guess – not too many.

The American Dream is a farce. In order for us to be prosperous and achieve this dream, we must first be free of slavery to the debtors. We recently decided to close all our credit cards and only use the cash to purchase things. Until we did this, we didn’t realize how dependent we were on our credit cards. We also began to realize how much money we spent on frivolous items. We went through withdrawals, arguments and stress but we are slowly adjusting to this kind of life.

We decided to sacrifice our credit score for the next 3 years and contacted a debt settlement agency to negotiate lowering our unsecured debts so we could be free and clear of these debts within 24 – 36 months. The only debt we would have is the mortgage and by that time, we can begin paying on the principal all of the money we would have been paying to our creditors. By our calculations, in a period of 12 years, we will be complete debt free and really live the American Dream. Unless we win in Lotto!

Once cannot be prosperous or consider themselves prosperous if all of their money is going to creditors. The True American Dream is to own your property, car and items free and clear with no debt.