How to Go Broke
By: Tommy • Essay • 342 Words • January 18, 2010 • 1,043 Views
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Going broke is a very tedious and cumbersome activity, which requires constant vigilance and tireless effort. Although many have accomplished this feat on their own, many of us require some form of guidance. This serves as the quintessential handbook of how to get broke; it shall be called The House of Cards Insolvency Process Guide. To begin, it is critical to limit the term broke as financially bankrupt. Although at times broke can refer to moral emptiness or may even be used to describe both pecuniary and personal ruin, we limit our definition strictly to fiscal failure.
Before we delve into the step by step guidelines on achieving one’s bankruptcy, certain foundations are suggested to be laid out in order to facilitate the process. The presence of these enhancers produces better and faster results 85% of the time. Overindulgent and over-dependent family members are essential in producing fiscal degradation due to their unmatched capacity to raise costs – unnecessary costs in particular. Credit cards are recommended as the payment mode of choice for all transactions down to purchasing a bottle of water. Visa credit cards are advised, due to the many travel-points one can earn from frequent use.