The American Dream Goes Pop: Subprime Homeowners Deluded Themselves With Costly Shortcuts, Says America's Life Coach
LOS ANGELES, CA--(Marketwire - August 20, 2007) -
Summary: The well-publicized "credit crunch" now punishing the stock
market and evaporating billions of dollars from the value of homes
throughout the world has its seeds in the all-too-common, yet hugely
destructive, habit of looking for shortcuts instead of doing the hard work.
Sold on the American dream to own a home, people jumped on attractive
flexible-rate loans, knowing deep down that they hadn't put in the work to
afford the balloon payments due after just a few short years. Now the
dream is coming to a very bad end, with foreclosure mounting to an all-time
high.
The problem is much bigger than just a credit crunch that could be eased by
the Fed, says Life Coach Devlyn Steele (http://www.ToolsToLife.com). "This
is part of the recurring trend in American thinking: instant gratification.
We see it in all areas of American life, with people taking dangerous short
cuts in wanting to get rich overnight, lose weight instantly, take pills to
solve complex problems, and much more.
"As a nation -- and as individuals -- we face dangers to our health and
financial security. We need to instill a foundation of solid behavior that
will lead to a healthy and productive life." Coach Steele is on such a
mission, offering a groundbreaking "self-directed self help" program and
social support network. The revolutionary free system is available on the
Internet at ToolsToLife.com and has received rave reviews from more than
500 graduates of the program who say it has dramatically bettered their
lives: http://toolstolife.com/breakthroughs/.
Who: Often referred to as "America's Leading Life-Coach," Devlyn Steele,
author and creator of Tools to Life, has made it his personal mission to
help people find ways to improve their lives. He has counseled celebrities
and sports stars, hosted his own radio shows, and has been a guest on more
than 150 radio and television shows. He is also the author of The Online
Dating Kit and various articles that are published in magazines, newspapers
and throughout the Internet.
The Tools to Life program guides its members through an interactive 90-day
program of self discovery, teaching them how to control their impulsive
behaviors and apply these actions to achieve amazing personal success in
all areas of life. The community offers its members support,
accountability, encouragement, best practices and shared tips for personal
improvement.
When: Devlyn Steele is available immediately to comment on the behavior
that has caused the credit crunch and what individual homeowners and
investors can do about bettering their lives.
Contact Information: Media Contact:
Elina Heng
Terpin Communications
310-821-6100 x108