Gerald Calente thinks he knows what's coming next — the economic 9/11. He says one reason this crisis will be larger than The Great Depression is that more people own homes now, PLUS, credit cards didn't even exist back then.

I can't tell you how many clients I have who are $50,000 in debt - or more - besides their homes and investment properties.

Get out of debt, people, as fast as you can, while you can. While you have a job. While the dollar is worth what it is. We're coming into the holiday season now, but remember, Thanksgiving and Christmas are just days…they aren't whole seasons…three months of indulgent spending! I'm not suggesting you skip anything you need, but do not go to excess. (You may not need to buy new dishes to serve your holiday meals.) Focus on essentials.

And if you do feel indulgent, please contribute to your local food bank. People who've not asked for a handout in 55 years are lining up at food banks for help. Locally, they tell me they need staples like cereals, peanut butter and tuna. And they all anticipate being dozens short on turkeys this year. Call your local food bank first if you want to, but I think they'd love it if you buy the two you can get on sale extra cheap and drop them off with some canned goods.

The 80s decade of me-me-me and indulgence is over. The dance like it's 1999 decade is over. It's time to get our own houses in order and stretch a little to help people around us.

Please pass this message on.

PS: If you'd like a free demo of mortgage and debt elimination software, please email me. We'll connect you to a mortgage acceleration agent.