My name is James. And I’m going broke.

Judging from the never-ending negative news coming out of Wall Street, I’d bet I’m not the only one. Which is why I’m here, writing to you guys. I’ve been financially secure for my entire life, and if I can go flat broke, I expect many others are facing the same situation.

My aim with this blog is to chronicle my real-life experience with going broke, where your debt far outpaces your ability to earn income. In the process of “admitting defeat” and recognizing there is just no way to pay all of my bills, much less maintain my perfect credit, I have searched the Internet far and wide for advice and real life examples of what you should do, what you shouldn’t, what the costs and reprocussions are, and so forth. I found a lot of technical and vague advice, but very little anecdotal experience to draw upon.

As an avid writer, journalist, and blogger, I decided to share my experiences here at GoingBrokeBlog.com, and I hope to fill that void of conversational, “advice from a friend who’s been there” information on the experience of going broke. I hope you are as empowered by this blog as I have been in making the decision to chronicle my experiences.

You can read my story of going broke here, or you’re welcome to jump in anywhere you like. You can search the site using the above box or read posts by the categories listed to the right.

I hope you will benefit for having discovered this blog, and continue to benefit from the archives and future articles it will hold. You can help support this site through patronizing our advertisers, purchasing products through our affiliates, making a donation via PayPal, participating in the discussions here through commenting on posts, and most importantly, sharing this site with others who could benefit from it.

Thank you for your readership and support.

- James