MasConcepts Incorporated

Today I finally filed for Chapter 7… For years I had been an avid follower of financial “gurus” like Dave Ramsey who tout never to file bankruptcy and instead work two, three or even four jobs to pay off your debts. Well, almost two years ago I got laid off and I am still just getting by with gig-work while applying non-stop for full-time jobs. Paying off the minimums was destroying my family’s ability to survive, and eventually I knew I had to take evasive action. I’m so relieved I did.

What guys like Dave Ramsey don’t (or aren’t willing to) understand is that the current job market is unlike anything that’s existed since perhaps the Great Depression. Over half of job postings are fake, and the ones that do hire often pay far less than what your experience/education is worth. Sure you can try to *ill yourself working every gig-job in existence, but after witnessing multiple friends lose their relationships, marriages, and one even having a heart-attack, I had to ask myself “Is this even worth it?”.

The reality is that the game is rigged. The same banks guys like Dave Ramsey encourage you to work with get free handouts when their finances are a mess, and the government officials in charge of regulation are all bought and paid for by corrupt special interest groups and private equity.

I’m not saying any of you should fall into despair and become “doomers”, rather, I’m encouraging you to take a clear look at the economy and your place in it. Work hard for sure, keep applying for work if you don’t have a job, try to start your own cash-steady business if you can, but don’t get caught up in some misplaced sense of “I must pay back this debt despite it increasingly crushing me”, the game is rigged and the puppet masters love when people submit to it while they pull the lever.

TLDR: If you’ve genuinely done your best (without sacrificing your family relationships or health), there is absolutely zero shame in filing bankruptcy. The currency we use every day is backed by nothing, it’s not real. But your family and your health are VERY real.

Wishing you all the best in these crazy times, never give up to despair and keep pushing forward.