I don't want to speak for him/her, but I think that's what FoolMeOnce is saying -- it's odd that the one poster who complained about the product thinks everyone here is hyping a product that doesn't work. In other words, I think you're both in agreement here.Silk McCue wrote: ↑Fri Jan 11, 2019 2:23 pmI have no idea what you are talking about. The system absolutely works. Period.FoolMeOnce wrote: ↑Fri Jan 11, 2019 2:17 pmIt's pretty funny that someone thinks people all over the country are buying, and people on this site are recommending, a security system that doesn't do anything.
I was responding to a poster's complaint about the system for which I pointed them to the source of the problem which they could have easily found for themselves.
Cheers
$40,000 in debt, bankruptcy seems to be the best option right now
Re: $40,000 in debt, bankruptcy seems to be the best option right now
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Re: $40,000 in debt, bankruptcy seems to be the best option right now
Ugh! You are correct. I either need more or less caffeine. I think I will go with chocolate instead.
Cheers
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Re: $40,000 in debt, bankruptcy seems to be the best option right now
EditedSilk McCue wrote: ↑Fri Jan 11, 2019 2:23 pmFoolMeOnce wrote: ↑Fri Jan 11, 2019 2:17 pmIt's pretty funny that someone thinks people all over the country are buying, and people on this site are recommending, a security system that doesn't do anything.
I deleted my original response as I misread the intent of FoolMeOnce by 180°.
Oh well.
Cheers
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Re: $40,000 in debt, bankruptcy seems to be the best option right now
Silk McCue wrote: ↑Fri Jan 11, 2019 2:46 pmEditedSilk McCue wrote: ↑Fri Jan 11, 2019 2:23 pmFoolMeOnce wrote: ↑Fri Jan 11, 2019 2:17 pmIt's pretty funny that someone thinks people all over the country are buying, and people on this site are recommending, a security system that doesn't do anything.
I deleted my original response as I misread the intent of FoolMeOnce by 180°.
Oh well.
Cheers

Re: $40,000 in debt, bankruptcy seems to be the best option right now
Cheers to you too. I did change the master pin. It just randomly started doing it in the last two weeks.Silk McCue wrote: ↑Fri Jan 11, 2019 12:32 pmIf you didn't change The Master Pin that can happen. Try Google next time or call customer support if something doesn't work the way you think it should.jayk238 wrote: ↑Thu Jan 10, 2019 9:00 pmSimplisafe sucks. I have simplisafe. When i come home i just hit cancel and it stops. No code nothing. What a joke.gclancer wrote: ↑Sat Jan 05, 2019 1:27 pmGet SimpliSafe. Upfront cost for the system, but skip the monitoring (someone breaking in will run when they hear the alarm). ROI is only a couple of months.geologist20 wrote: ↑Sat Jan 05, 2019 12:50 pmDo you really need a security system? I have two young kids and it gives peace of mind. The services is basic
Cheers
You mean the 20 minutes spent waiting to hear from someone? Google? I can google just fine. Cool story bro.
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Re: $40,000 in debt, bankruptcy seems to be the best option right now
FoolMeOnce, I would like to hear from you directly what you meant.FoolMeOnce wrote: ↑Fri Jan 11, 2019 3:13 pmSilk McCue wrote: ↑Fri Jan 11, 2019 2:46 pmEditedSilk McCue wrote: ↑Fri Jan 11, 2019 2:23 pmFoolMeOnce wrote: ↑Fri Jan 11, 2019 2:17 pmIt's pretty funny that someone thinks people all over the country are buying, and people on this site are recommending, a security system that doesn't do anything.
I deleted my original response as I misread the intent of FoolMeOnce by 180°.
Oh well.
Cheers![]()
Thanks
Boglesmind
Re: $40,000 in debt, bankruptcy seems to be the best option right now
has the OP abandoned this thread?
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Re: $40,000 in debt, bankruptcy seems to be the best option right now
geologist20,
for the past 5 months, I've been working with an individual who had racked up debt much like yours and who had reached the point of being financially and emotionally overwhelmed by it all. With regularly and frequently scheduled sessions in which I've provided input (It ain't rocket science.), disciplined oversight and lots of encouragement, this person has made marked progress, so that the finances are under control, the debt is being retired far faster than this person had thought possible, and that light at the end of the tunnel is clearly in sight, even though still at least a year away. Consider the possibility of finding a "financial coach" who is prepared to work with you and your wife over the long haul, someone who you can talk to, make plans with and be counseled by as you work your way out of that financial hole. As long as the two of you are prepared to fully commit, having such an individual ( a close friend, a family member) on hand to work closely with you over time might make a very big difference, especially at those times when your commitment to "the plan" waivers.
I've just today come across this website, so I know only what I've seen about it online. At first glance, it looks to be a well organized and thought out resource. It's the work product of a young man who dug himself out of some $80k in debt and who is using his experiences as a springboard for his venture, which I'm presuming is earning him some cash. You might find it helpful. His story about how he dug himself out from an $80k debt burden is at the second link.
https://www.moneyunder30.com/about
https://www.nerdwallet.com/blog/finance ... -under-30/
additional comment: OP, I don't recommend any loan, credit card or other commercial product that might be advertised on that site or recommended by the site owner.
for the past 5 months, I've been working with an individual who had racked up debt much like yours and who had reached the point of being financially and emotionally overwhelmed by it all. With regularly and frequently scheduled sessions in which I've provided input (It ain't rocket science.), disciplined oversight and lots of encouragement, this person has made marked progress, so that the finances are under control, the debt is being retired far faster than this person had thought possible, and that light at the end of the tunnel is clearly in sight, even though still at least a year away. Consider the possibility of finding a "financial coach" who is prepared to work with you and your wife over the long haul, someone who you can talk to, make plans with and be counseled by as you work your way out of that financial hole. As long as the two of you are prepared to fully commit, having such an individual ( a close friend, a family member) on hand to work closely with you over time might make a very big difference, especially at those times when your commitment to "the plan" waivers.
I've just today come across this website, so I know only what I've seen about it online. At first glance, it looks to be a well organized and thought out resource. It's the work product of a young man who dug himself out of some $80k in debt and who is using his experiences as a springboard for his venture, which I'm presuming is earning him some cash. You might find it helpful. His story about how he dug himself out from an $80k debt burden is at the second link.
https://www.moneyunder30.com/about
https://www.nerdwallet.com/blog/finance ... -under-30/
additional comment: OP, I don't recommend any loan, credit card or other commercial product that might be advertised on that site or recommended by the site owner.
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Re: $40,000 in debt, bankruptcy seems to be the best option right now
I think it's funny that's jayk238 thinks that a widely recommended security system has no security, that the system is designed so that anyone can break in and just hit "cancel."boglesmind wrote: ↑Fri Jan 11, 2019 5:14 pmFoolMeOnce, I would like to hear from you directly what you meant.FoolMeOnce wrote: ↑Fri Jan 11, 2019 3:13 pmSilk McCue wrote: ↑Fri Jan 11, 2019 2:46 pmEditedSilk McCue wrote: ↑Fri Jan 11, 2019 2:23 pmFoolMeOnce wrote: ↑Fri Jan 11, 2019 2:17 pmIt's pretty funny that someone thinks people all over the country are buying, and people on this site are recommending, a security system that doesn't do anything.
I deleted my original response as I misread the intent of FoolMeOnce by 180°.
Oh well.
Cheers![]()
Thanks
Boglesmind
- whodidntante
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Re: $40,000 in debt, bankruptcy seems to be the best option right now
wow, I'd forgotten about this thread, seems so long ago for some reason. Maybe they'll post up and tell us what happened.whodidntante wrote: ↑Sat Feb 09, 2019 5:17 pmI don't blame him for giving up on the forum. Inexplicably, he was told to put himself, his wife, and his two kids on a "rice and beans" diet as a solution to being house poor.![]()
yea, house poor is not good.
In his profile I see "Last active:Mon Jan 07, 2019 11:29 am"
Re: $40,000 in debt, bankruptcy seems to be the best option right now
We gave him a broadside. Hopefully he came away with something useful.
- willthrill81
- Posts: 8069
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- Location: USA
Re: $40,000 in debt, bankruptcy seems to be the best option right now
Many who come here looking for 'advice' are actually looking for reinforcement for the decision they've already made. If they don't get it, they head for the exit.F150HD wrote: ↑Sat Feb 09, 2019 5:44 pmwow, I'd forgotten about this thread, seems so long ago for some reason. Maybe they'll post up and tell us what happened.whodidntante wrote: ↑Sat Feb 09, 2019 5:17 pmI don't blame him for giving up on the forum. Inexplicably, he was told to put himself, his wife, and his two kids on a "rice and beans" diet as a solution to being house poor.![]()
yea, house poor is not good.
In his profile I see "Last active:Mon Jan 07, 2019 11:29 am"
“It's a dangerous business, Frodo, going out your door. You step onto the road, and if you don't keep your feet, there's no knowing where you might be swept off to.” J.R.R. Tolkien,The Lord of the Rings
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Re: $40,000 in debt, bankruptcy seems to be the best option right now
True. It is nice to hear follow-up, but probably rare. Particularly on tough situations. I love the threads how people want anonymous people on the internet to convince them to do X, Y or Z (buy a Tesla, buy this home, etc.) Those are a hoot. Many are having people on the internet convince you to spend a lot of money that you want to spend.willthrill81 wrote: ↑Sat Feb 09, 2019 11:56 pmMany who come here looking for 'advice' are actually looking for reinforcement for the decision they've already made. If they don't get it, they head for the exit.F150HD wrote: ↑Sat Feb 09, 2019 5:44 pmwow, I'd forgotten about this thread, seems so long ago for some reason. Maybe they'll post up and tell us what happened.whodidntante wrote: ↑Sat Feb 09, 2019 5:17 pmI don't blame him for giving up on the forum. Inexplicably, he was told to put himself, his wife, and his two kids on a "rice and beans" diet as a solution to being house poor.![]()
yea, house poor is not good.
In his profile I see "Last active:Mon Jan 07, 2019 11:29 am"
Re: $40,000 in debt, bankruptcy seems to be the best option right now
yea, quite true. Hope he got it figured out somehow.willthrill81 wrote: ↑Sat Feb 09, 2019 11:56 pmMany who come here looking for 'advice' are actually looking for reinforcement for the decision they've already made. If they don't get it, they head for the exit.
Re: $40,000 in debt, bankruptcy seems to be the best option right now
Hopefully OP took this input to heart. It's not easy to recognize you're poor and downgrade your lifestyle commensurately. I'm sort of surprised that he was able to make such a detailed analysis of his spending in the beginning, and still be the sort of person who made such poor financial choices.
Re: $40,000 in debt, bankruptcy seems to be the best option right now
I never understand the mentality of people just giving up like this. $40k isn't that much debt. It's manageable.
Make a plan
Cut your expenses
Take a 2nd job
Become uncomfortable for a while so you can live a better future
Make a plan
Cut your expenses
Take a 2nd job
Become uncomfortable for a while so you can live a better future
"Great parenting sets the foundation for a better world"
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Re: $40,000 in debt, bankruptcy seems to be the best option right now
This.arrieros81 wrote: ↑Sat Jan 05, 2019 1:07 pmYour housing expenses are nearly 50% of your take home and that is just way too much.
Plus the wife, probably.
Living below one's means: that sometimes "means" making some choices that most people, frankly, are unwilling to make, such as ditching a partner who simply does not "want" to live well below the income available.
Really, the road to wealth, in my experience, involves two things: living below one's means and making money as though one did not have to.
The first is the most crucial component, and it is a lifestyle choice. It's not really a hard lifestyle choice when one understands, or learns, that money does not buy happiness and that "things" do not buy happiness. In fact, the opposite is often true (it is in my case): things buy unhappiness, fewer options, and, as you have learned, debilitating debt.
Your story is why I look for this in a partner: someone who is a spendthrift, preferably out of a background that taught the value of money and that emphasized tranquility, inner peace, and goodwill over material possessions. Sadly, such people, these days, are terribly difficult to find--but not impossible.
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Re: $40,000 in debt, bankruptcy seems to be the best option right now
Agree.Sam1 wrote: ↑Mon Jan 07, 2019 8:22 pmI realize selling the house isn’t the best long term solution but it truly is the easiest and fastest way to get out of jail
Rent an apartment for $1k. Try and find something near your office. When the lease runs out don’t get another car. Walk.
Cut up the cards. I said this above.
Don’t buy again until you have the DP saved up yourself. Your parents did you a huge disservice because you never learned how to save. You never learned to live within your means.
- willthrill81
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Re: $40,000 in debt, bankruptcy seems to be the best option right now
I agree, but the problem in the OP's instance is that their lifestyle was sending them deeper down the hole all the time. As you note, they needed to either increase their income, which is potentially 'painful' if it entails getting a second job, or decrease their expenses, which is probably 'painful' as well.
“It's a dangerous business, Frodo, going out your door. You step onto the road, and if you don't keep your feet, there's no knowing where you might be swept off to.” J.R.R. Tolkien,The Lord of the Rings
Re: $40,000 in debt, bankruptcy seems to be the best option right now
Just putting this out there: the OP has neither responded to this thread nor logged in to their account since January 7th.
Re: $40,000 in debt, bankruptcy seems to be the best option right now
Well, the OP joined Bogleheads several years ago - well before his post on this debt - so I doubt he is troll. But he could have been looking for confirmation of his decision and when he didn't find it he abandoned the thread. Or else maybe he has taken a second job and has no time to post.
Re: $40,000 in debt, bankruptcy seems to be the best option right now
I agree with you, but I also think we were not given full info (as is generally the case). It looks to me more like a relationship, not financial issue. I still cannot get over the fact that his parents gave him so much money for a house he clearly cannot afford on his own. Why did they do it? Usually, the parents love to help when they can, but they also don't want to put their kid into dire financial situation, which they clearly did.cherijoh wrote: ↑Sun Feb 10, 2019 12:11 pmWell, the OP joined Bogleheads several years ago - well before his post on this debt - so I doubt he is troll. But he could have been looking for confirmation of his decision and when he didn't find it he abandoned the thread. Or else maybe he has taken a second job and has no time to post.
On top of it, he has a spender for a wife who likes her comforts and is not willing to give them up (probably because the Joneses's wifes spend a lot more, so she may think she is too frugal already). No wonder the guy is stressed out.
Re: $40,000 in debt, bankruptcy seems to be the best option right now
The OP has not responded in this discussion since Jan 07, 2019 (over a month ago). The discussion is starting to derail. This thread is locked to keep it from derailing further.
geologist20 - If you'd like to continue the discussion, please PM me and I'll unlock the thread..
geologist20 - If you'd like to continue the discussion, please PM me and I'll unlock the thread..