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Don't Let Embarrassment Keep You in Credit Card Debt

Embarrassment

I had a handful of potential clients contact me last week who were struggling with credit card debt. At 24% interest, credit card debt is a serious problem, but one that can can be overcome.


Meme of heaviest objects in the world

Despite their initial and proactive effort, I never heard from any of them again.

Being ghosted by potential clients is annoying, but it’s part of the business. My real concern is that these people will likely never get the help they need.


Embarrassment Roadblock

I obviously don’t know why they never reached back out, but I can guess that it had to do with embarrassment. If this sounds familiar, below are three things to keep in mind:

  • Hiding Your Debt Doesn’t Solve Anything: Ignoring the problem only compounds it. This is equivalent to ignoring a health conduction, such as high blood pressure or diabetes. If untreated, it could lead to heart disease, a stroke, or other life-threatening complications.

Rick and Morty Meme of hidden debt

  • You Are Not Alone: Millions of Americans are in credit card debt with an average balance of approximately $6,000.

Average credit card debt meme

  • The Cover is Not The Book: Some of the your richest friends IRL or on social media are likely not rich at all!

Man named Rich wearing a mask who is in debt

What You Should Be Embarrassed About?


Slide about being embarrassed about your financial situation

Bottom line is that you shouldn’t let embarrassment about your financial situation prevent you from getting the help you need.


If you or someone you know is struggling with credit card debt, please schedule a free introductory meeting! For just $5/day, it’s the most affordable way to access professional help.

Disclaimer: The information in this post is provided for your convenience only and is not intended to be treated as financial, investment, tax, or other advice. The information is intended to be educational and is not tailored to the investment needs of any specific individual.  It is also not intended to be relied upon as a forecast and is not an offer or solicitation to buy or sell any securities or to adopt any investment strategy.  The opinions expressed are those of the author.  Reliance upon the guidance and information in this presentation is at the sole discretion of the individual.

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