Cash-strapped former "Eight is Enough" and "Charles in Charge" star Willie Aames is selling off his belongings in suburban Kansas City.
- Topeka Capital Journal
A production crew from VH1 filmed the sale for a TV reality show. (see the video from Kansas City television)
Aames has fallen upon hard times. He filed for bankruptcy last year and his home is in foreclosure.
Items on sale included antiques, artwork, a piano, deer head mounts and TV and movie memorabilia.
- Topeka Capital Journal
It is sad to see the actor I grew up knowing as Tommie, to be having such hard financial times. However, he is indicative of the way Americans as a whole live. Simply put, he (and most Americans) spend more then he (they) make.
We must stop using the credit cards. We cannot be buying more house then we can afford. That is why Dave Ramsey has it right. Save up your money and pay cash for everything.
Yes, it can be done. Get that car paid off, and never borrow again. If you can afford that car payment for a car (many think they have to borrow), then you can make that car payment to yourself and let compound interest work for you. Instead of paying the holder of your car loan (or mortgage or whatever loan) 2-3 times as much, pay it to yourself. That means in three to five years, when you would have your 1 car paid off you would have enough saved to buy two cars. Then keep the car for 5-10 years (or until you run it in the ground) then pay cash for the next car from the money that you saved. Think about it, you could pay cash for a bigger house in half the time (or maybe a 3rd) that it would have taken to use credit. All it means is that you delayed gratification. Which in turn means you made yourself richer instead of the bank.
go ahead share your thoughts with me now.
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