<prompt> Human: We have plenty of assets, but are poor on cash flow. Obviously, this has everything to do with lifestyle and poor money decisions - Im not going to make any excuses. We make some good choices and some not-so-good. Weve made changes but are still in a hole. We are sending our kids to a private school because our local schools suck. Kids are starting High School soon and the costs will rise significantly. We are somewhat prepared for college a state-sponsored prepaid program but not the additional HS burden. We are not willing to resort to public school.Stats:Early 40sExcept for debt, credit is good.Dual income around 140Kyr in a fairly low cost of living area. No significant raises in the near future.Retirement plans total around 260K mix of 401krothconventional ira.House equity easily 60-80K current home is a short sale purchase during recession with big down payment in cashHobby assets around 20K not too difficult to liquidateCC debt is 60K spread across 9 cards. From 0 to mid-teens. Most is higher.House mortgage is 1.2Kmo.1 car note about 250mo.Lots of other bills, including current kids school, old student loans, cablecell, etc.We are literally drowning in credit card payments. Weve plugged the leaks and changed our lifestyle. Admittedly, there are more changes we could make, but most account for little monthly return.Currently sending 1500-3000mo to cards, but not really making a dent because of rates.We are considering a few options for debt payments:Selling hobby assetsLoan consolidation2nd mortgageheloc on houseSelling my soulbecoming a prostituteselling a lung :Also, we dont plan on keeping the house when the kids are gone in 6-8 years. Its a huge place that wont really make sense when we are empty nesters.So far, the clear choice is to dump the hobby stuff to make a big dent in the debt. Then, either pay it down as fast as I can or go nuclear and borrowcash out somewhere else houseretirement to pay it down.Id prefer to pay my debts rather than consider any sort of defaultbankruptcy since this is our mess we made, we likely make too much and have too many assets to do any sort of default anyways. Also, except for the hobby stuff, all my assets are primary residence and retirement, which are typically protected assets.Of the options here, which is best? Or, if they all suck, what do you suggest? Thoughts?  <response>: You might have incorrectly formatted line breaks. To create a line break, either put two spaces at the end of the line or put an extra blank line in-between lines. See Reddits page on commenting for more information.I have attempted to automatically fix your sections that had incorrect line breaks:--- Early 40s Except for debt, credit is good. Dual income around 140Kyr in a fairly low cost of living area. No significant raises in the near future. Retirement plans total around 260K mix of 401krothconventional ira. House equity easily 60-80K current home is a short sale purchase during recession with big down payment in cash Hobby assets around 20K not too difficult to liquidate--- CC debt is 60K spread across 9 cards. From 0 to mid-teens. Most is higher. House mortgage is 1.2Kmo. 1 car note about 250mo. Lots of other bills, including current kids school, old student loans, cablecell, etc.--- Selling hobby assets Loan consolidation 2nd mortgageheloc on house Selling my soulbecoming a prostituteselling a lung :---I am a bot. Contact pentium4borg with any feedback. 