Oprah recently had the three couples on that she featured in Spring 2006 near financial ruin. All three couples revamped their finances and two of the three paid down their debt considerably for the short time they were involved in the program. This was good news and they felt better about their lives.
The third couple, the ones with the craft supply addicted wife and the two spoiled daughters, they rearranged their finances, reduced their mortgage and the wife went to work as a Real Estate agent. So now they have more money, did they pay down their debt? NO! Instead, they now feel they have MORE money (new income and less mortgage) and raised their debt by $37K and seemed proud of it! Personally, I think they are still on a landslide. I think the nation was disappointed in their choice but it is their choice, however, if they go bankrupt, we all end up paying for people like them in some way shape or form.
So, that is the synopsis of the update show.
Here is my original post on the show with some really nifty sites to help you get your finances in order.
Other great finance shows: Suze Ormand on CNBC on the weekends, Dave Ramsey's Radio Show and A&E's Big Spender with no excuses tough talking Larry Winget (show review) who has been there, done that. He now inspires others to get our of the gutter before they flush away their lives and end up on the street with nothing but the clothing on their backs. The show now airs on Saturday nights.
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