Money withdrawls
So, the theory goes like this. Your traveling along in life, you have been getting gradually better and better wages and your lifestyle adjusts, the new house, the new car, the boat etc etc etc. You borrow more because you have the ability to pay back more, ie 4 credit/store cards not one. So you work to live so you can pay your bigger bills. So what happens when it all comes undone. You lose your job, you fall ill, someone uses your credit and marks you for life. I have been there, I had all of the above and more, had a great business I had built, and one day my illness got the better of me and I lost everything. Took a while but it did happen. I was making a big salary had the cars and all the toys. Went from that to nothing nearly overnight. What I find interesting is even though the money wasn't there any more I continued to spend as though nothing had happened. I remember thinking I will get out of this, I will think of somethin...