So many people have lived beyond their means on the assumption that they will always be richer in the future. Since the recent credit crunch and sub-prime mortgage debacle, many people now find that they are perilously close to, or already in, a financial meltdown.
The collapse of the credit markets have left millions of people frozen in their tracks, unable to pay their loans and credit card bills on one hand, and not able to obtain any new credit on the other. How did we become so ensnared in this debacle? How can we find our way out when everything seems to be collapsing around us? James Martinez has an online radio show titled, Cash Flow, and he guides his listeners through the process of getting out from under debt. He says this process is not for the faint of heart.