I have a relative who is also totally in “denial” and whose spending is out of control.
Nine months ago when I told him “don’t do it” he went ahead and put a deposit on an expensive new house. Escrow closed on the new place two weeks ago and — as expected — his existing home isn’t even on the market yet since it needs repairs. and his idea of what it might bring is very high.
He will be paying two mortgages for the foreseable future, just as I told him he might, and I think he is speeding towards bankruptcy.
My point here: I told him in depth and detail — and I did it calmly — why his timing was totally wrong, and he just became angry. I did no good at all.
It is true, some people just will not listen. They live in a dream world. People with spending problems really are like alcoholics who just don’t believe they have a problem.
