IN 1912, the sinking of the mighty ship called the "Titanic" sent 1,516 people to a watery grave. The "Titanic", first thought to be unsinkable, sank to the bottom of the ocean. Could this tragedy have been avoided? The answer is YES. It was later discovered that 3 days before the terrible accident, the ship’s operator received the first message that gigantic icebergs were on the ship’s path. But the ship’s operator simply ignored the message. Why? Well, he had been told that there was no way that the Titanic could sink, so why bother?
Over the next 3 days, 4 more urgent messages were received warning of the impending danger but the same thing happened- No one paid attention! As a matter of fact, even after the ship finally rammed an iceberg which cut a gash 300 feet long and the ship started sinking, many people refused orders to go to lifeboats. Why should they obey? They heard that the Titanic was unsinkable! Testimony later revealed that the lifeboats could actually have saved 500 more passengers. The people who died unnecessarily from the Titanic disaster were locked into wrong thinking because they simply followed the crowd and refused to exercise independent thinking. It was the blind leading the blind.
In my opinion, this type of wrong thinking is what keeps a lot of people trapped in their financial problems. They don’t heed the warnings even when it is clear that they are headed toward a danger zone. They think that their ship is unsinkable as long as they can continue to borrow to keep them afloat (pardon the pun). And even as they start to sink, they refuse to get help because they are trapped in their old way of thinking. How can you learn from this senseless tragedy?
Pay attention to what I’m saying! Are you feeling a sense of emergency about your current financial situation? Remember that dealing with debt problems often require changing the way you think. After all, if your old way of thinking is what brought you to your present circumstances in the first place, isn’t this an indication that solving your problem requires having a different mindset? The other day, a person came to me inquiring about bankruptcy. He hasn’t paid his bills in a year, creditors are harassing him and he is behind on his car payments and his mortgage. He said he was also buried in about $50,000 credit card debt but had 2 more unused credit cards with a credit line of about $20,000. So he was "wondering whether it was OK to max out his unused credit cards" before filing because "that’s what all his friends where doing". What was this person thinking? He was already drowning in debt and the only thing he could think of was borrowing some more!
If you are in debt, don’t just be a follower or you may be headed toward failure and disaster. Wrong thinking makes you reactive and vulnerable. To change your situation and your life, you need a change of perspective. Change your thinking and you can change your life for the better.
For a free attorney consultation regarding how you can get out of debt with or without filing for bankruptcy, call Toll-Free 1-866-477-7772 to schedule an appointment. We have offices in Glendale, Cerritos and West Covina.
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None of the information herein is intended to give legal advice for any specific situation. Atty. Ray Bulaon has successfully helped more than 4,000 clients in finding solutions to their debt problems. To schedule a free attorney consultation, please call Ray Bulaon Law Offices at TOLL FREE 1-866-477-7772. (Advertising Supplement)
( Published on January 7, 2008 in Asian Journal Los Angeles p. B3 )
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