Bankruptcy

The year was 2008.  I was sitting in front of a credit committee who laid all my poor financial sins in front of me.  A small credit union in the Waterford MI that I owed $3000 was passionately going through my bank records.  Meanwhile the Countryside lawyer who I owed $160,000 was silent.

What wasn't silent was the guilt and shame in my heart from seeking bankruptcy from my creditors due to my poor financial decisions.  I felt like a failure.  I was determined to never let my family and myself down again.  The bankruptcy magistrate ordered financial counseling.  I thought to myself "bring it on, I never want to be here again...."

This started the late frugal. Was determined to never again sit in front of a creditor committee ever again.  Call me cheap, call me a skin flint, I don't care - this will never ever happen again.  In my late fourties I became the late frugal.  The rest of my life I would aim to own no one, and to save for retirement.  The consumptive lifestyle was over.

theLateFrugal

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