[Shotimes] Re: (OT) More UAW workers bankrupt - Detroit
news
Mark Nunnally
Mark Nunnally <marknunnally@joimail.com>
Wed, 21 Sep 2005 07:29:00 -0400 (GMT-04:00)
>forklift operator???!!!
>$469k in debt???!!!
>How does this happen and what is wrong with this picture?
Well let's see, the $350k house, the $50k hummer, the $10k home theater, the $15k on the credit cards, the $20k equity loan (to pay off the credit cards and other consumer debt "stuff" etc...etc...
The guy is bankrupt because he can't manage his personal finances, not because he took a pay cut.
It's not what you make, it's how you manage or spend it :)
mark