Ok, I've suddenly just realised how much of a serious situation I've got myself into with debts etc. The debt is such a large one you'd best be lying down as you read this because it'll knock you over... so if you're reading ths and of a faint disposition and afraid of debt, take a seat and a large breath before you look to see how large and how serious it is.....
.....Now are you ready for it because it's not for the faint hearted.....
....The debt currently stands at £65,000. The debt was a large one back in March 2005, somewhere in the region of £45,000, but that is the month I also lost my job, 9 months ago, and since then I have accrued more debt because I had no income coming in whatsoever and to stave of repossession on my house and having to live, eat, feed the family etc, all I've been doing is passing money around from card to loan, to card and back, robbing Peter to pay Paul so to say.
Before we get any shock reaction from those who understand money etc, I want to point out the following - I intend to pay it all back, turn it around and clear the debt within one year, yes 1 year £65k cleared, and within 2 years have that same debt turned into a £65k profit. Not possible I hear you say, well here's the challenge for me, my aim is to try turn it around and I'm going to log it on here, all of it.
For the purpose of this exercise I am going to remain anonymous and on this same date in 2 years time (20 Nov 2007, 04:00am, GMT) I will reveal my true identity and announce whether I have succeeded or failed in my attempt to get this moving.
For personal reasons I will remain anonymous until this is complete, but I will record on here on a weekly basis, or monthly where it proves difficult to log on, but I will keep this blog updated as often as I can.
This is day 0, realisation time, and time for action.
Day 1 starts tomorrow: 21st Nov 2005