That you’d lose all your money? That your credit cards get illegally maxed? Single Guy Money recently asked this very same question and I gotta tell you, it took me a while to come up with an answer. I mean yeah, all that stuff above would really suck and piss me off, but I can’t say I’d be afraid of it.
The great thing about personal finance is that you only have to learn how to rock it once! You’d have to work your way back up to the top money-wise, but you’d get there a lot faster than the first time around. Imagine if you had to re-make all your mistakes again? Now THAT would be scary. As lame as it sounds, knowledge really is power here.
That being said, I did come up with something I’m financially afraid of. It took me a good 5-10 minutes but I came up with one. Actually, I came up with 3:
- Getting held up by gunpoint. Take my money gangstas, just let me live!
- A flood breaking out into our house. Nothing scares me more about home ownership than water problems. Things that look small cost a LOT, and things that look like a lot cost even MORE! I swear, we’ve already gone through 3 water issues in the last 2 years and it scares the bejesus out of me – reason #386 that I miss renting ;)
- Being unable to work. I’m not sure how that would come to be, but if I was physically unable to work – including blogging – I’d be devastated. Earning money for the extras in life is nice, but not being able to put food on the table or provide shelter for my family would kill me. In fact, I’m going to take a second and say a prayer real quick as soon as I finish this sentence. (done!)
There are probably a hundred other things I can come up with if I REALLY wanted to, but it’s probably best to stay positive and keep my head up. Life is already crazy enough, right? Right. But before I go I’d like to hear from you ;) What are YOU financially afraid of? Get it all out now so it never happens!
Bonus tip: Find a good "balance transfer" offer to help pay off debt faster!
If you’ve been making payment after payment (on time) and still haven't been able to get your debt under control, snatching up a good balance transfer credit card offer may be the ticket to try. That’s where in order to gain your business - credit card companies will let you transfer your existing debt to a new card and let you pay ZERO PERCENT interest on it. Saving you tons every month!
What's the catch? Usually balance transfer cards charge a fee (around 3% of your debt balance) to let you transfer your balance to their 0% interest offer. But we've found a great credit card that will let you do a balance transfer absolutely free. Click here to learn more and see if you qualify!
PS: If you don't trust yourself with another credit card, ignore this! This strategy is to help you get out of debt quicker, not risk adding more to it.