Before we can worry about investing, we need to free your income, so today's lesson is about debt management, and extreme solutions such as filing bankruptcy.

ANDEX Chart (Morningstar)
http://www.assante.com/advisors/pmoore/documents/AndexWallCANENG.pdf

Average American Debts
http://money.usnews.com/money/blogs/my-money/2014/07/01/5-things-keeping-americans-from-financial-freedom
http://www.nerdwallet.com/blog/credit-card-data/average-credit-card-debt-household/

Student Loans: $32,264  APR 5% 
https://studentaid.ed.gov/types/loans/interest-rates

Credit Card Debt: $15,611 APR 14.9%
http://www.lowcards.com/dummies-guide-to-credit/credit-card-usage

Auto Loan Debt $27,000 APR 4.31%
http://www.bankrate.com/finance/auto/rate-roundup.aspx

Mortgage Debt: $155,192 APR 3.8%
http://www.bankrate.com/finance/mortgages/current-interest-rates.aspx

Average 401K Balance  $101,650
https://blog.personalcapital.com/retirement-planning/average-401k-balance-age/

Dave Ramsey
http://www.daveramsey.com/home/

Terrance Popp: “Deadbeat Dad Dilemma” 
https://www.youtube.com/watch?v=XTHTsemlHEk

Bankruptcy: Chapter 7 and Chapter 13
http://www.nolo.com/legal-encyclopedia/chapter-7-13-bankruptcy-limits-benefits-30025.html

Chapter 13 Bankruptcy FAQ:
http://www.suttonlawdenverwest.com/resources/chapter13common.html

Song: “William Tell Overture” by Rossini. Courtesy of the YouTube Audio Library.