eBOOKSSystematic Debt Elimination 1-13-12

8/2/2019 eBOOKSSystematic Debt Elimination 1-13-12

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Systematic Debt Elimination Equals Financial Security._____________________________________________________________________________________________________________________________________________________________________________________________

Do you have what it takes to become Financially Independent?

YOU ABSOLUTELY HAVE WHAT ITTAKES, you just have to learn a new reality to liveby. It is not a shocking, life changing new reality. It ismore of a realization that what you are, and havebeen, doing is not working. If you are one of themillions of people who have maxed out credit cards,past due loans, or, god forbid a mortgage that youstruggle to pay, then it is probably dawning on you

that the course youve been following financially isnot working. I, for one, am intimately familiar withthe feeling of having too much month left at the endof my money and the gnawing fear and worry thatcomes with realizing that you are in over your headwith debt. This is no way to live it sucks the life outof you and saps the joy from living. Im here to tellyou there is a better way to conduct your financiallife, one that replaces debt and worry with abundantcash and the comfort of peace of mind. If you followthis Program I guarantee that you will begin to enjoy

life again, and find peace in the fact that you aredeveloping a sustainable financial lifestyle, one thatwill only get better as you eliminate more debt andfree up more of your income to invest in furtherdeveloping you wealth (yes, we can call it that, even ifit begins relatively modestly)!

TAKE THE FIRST STEP. Youre probablyfamiliar with the old saying A journey of a thousandmiles begins with a single step. Well, that is a great

metaphor for many struggles, and is just as truetoday as it was in 550 BC when Chinese philosopherLao-tzu first said it. If you are ready to change yourfinancial life for the better and slowly, but surelybegin to leave your financial struggles behind you,then you have already taken that first step.Congratulations!Acceptance of the fact that you needto change is critical, as is getting the buy-in to thechange in financial lifestyle from any spouse or

significant other that holds any type of sway overyour financial decisions. Out of the knowledge thatchange is necessary will grow a steely Resolve tostick with your new course of action, and resolve willfurther distill itself into Discipline, which is what youwill need on a daily basis as you begin to make newspending decisions(or not to spend decisions!) on adaily basis.

MEASURABLE SUCCESS CAN BEACHIEVED QUICKLY. If you stick with theProgram and follow its methods you will quicklybegin to pay off your top priority debts and, onaverage, can have all of your credit cards, car loansAND your mortgage paid off within 5 to 7 years.Thats completely debt free! Paying off these incomeblack holes will save the average person hundreds ofthousands of dollars in interest payments. Thismoney, as it is freed up, is then redirected to growthinvestments, quickly growing into real wealth!


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1. Its Your Money and Your Life Make it Count!_____________________________________________________________________________________________________________________________________________________________________________________________

Make Your Money Benefit You, Not Your Creditors.

THE MONEY YOUMAKE IS YOURS, ISNTIT? Well, thats a complicatedquestion. Ideally, the answer isobviously YES but because somany people never properlylearned how to manage theirmoney (and their spending) theanswer is more complicated.You see, many of us whohavent learned proper moneymanagement skills have thedistinct displeasure of beingturned into only a temporarystopping point for their moneyas it travels along to its finalresting place in the coffers oftheir creditors, usually the

credit card companies. Thinkabout it, did you ever receiveany formal training on how tomanage your money? Theanswer is a resounding NO formost people. The averageperson has received theirtraining , or more accurately,brainwashing, via TV. Theextremely talented and creative

advertisers have educated thetypical American on how theyshould look, what they shoulddrive, what electronics theymust have, etc. Theseadvertisers have trained peopleto want/need things they cantafford, but really, really want!Then, in steps the credit cardcompanies to say you can have

all of this and more! If you givein to this trap, your slide intodebt, and a life of livingpaycheck to paycheck hasbegun.

THE IRONIC PART ISTHAT YOU BEGINYOUR WORKING LIFEAS A MILLIONAIRE in

the making. Thats right! Letsdo the math if the averagehousehold income is $ 42,000and you work from, say 20 to65 years of age, you make justshort of $ 1.9 million. Bump thehousehold income to $55,000on average and you earn almost$ 2.5 million! Thats a lot of

money, no matter how you lookat it. What you need tounderstand that your job is tohold on to as much of thatmoney as possible, and put it towork for you to createFinancial Independence.Thats what this eBook willattempt to teach you how tomanage your lifetime income to

create a new reality where youhave complete financialsecurity, meaning that you aretotally self reliant for all of theincome you need to live yourlife. No boss, job, nogovernment handouts needed you are totally financially selfsufficient. You just need tomaster a new mindset that youare going to develop and live

by. A PLAN or a SYSTEM thatyou have totally bought intoand stay loyal to. This will meanthat you will have to exercisefinancial self discipline, whichwill probably be new to manyof youbut the end result of afinancially secure lifestyle isworth it!


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2. Credit Friend or Enemy?_____________________________________________________________________________________________________________________________________________________________________________________________

Quit Being a Cow That Feeds the Credit Card Companies!

QUOTATIONS ON THEEVILS OF DEBT ARENUMEROUS, but myfavorite is, Debt can turn a free,happy person into a bitter

human being. Attributed toMichael Mihalik, I think it reallycaptures the essence of whatthe use of Debt, and specificallycredit cards, car loans, and evenmortgages can do to a person.Being under too much financialpressure without anyimaginable way out can simplychange a person for the worse.Ive seen it, where it literallysucks the life out of a person,turning someone from a

vibrant, happy, energetic,optimistic person into someonewho is drained, pessimistic, andunhappy - basically a shadow oftheir former selves. It is quitesad to see. Perhaps you arestarting to see some of that inyourself? Well, it doesnt haveto be that way. Whats neededis to break totally free of the

teachings jammed down ourthroats via TV, Billboards,Radio, and most recently, theinternet teachings that lead usto spend beyond our means,and turn us literally into cowsthat are systematically milkedby our creditors. The milk thatthey are taking is virtually all of

our disposable (take home)income. In this (admittedlystrained) scenario I ampainting, we exist almostexclusively to earn money tohand over to our creditors(those who have loaned usmoney). This is no way to live,and certainly no way to preparefor a secure financial future (afuture thats coming whether

youre prepared for it or not!).

NOW, FIRST THINGSFIRST a very wise manonce said, the first thing youneed to do to get out of a hole isto stop digging. That is theperfect metaphor for what we

need to do, stop digging! Inother words, stop using creditand digging our financial holedeeper. I strongly suggest thatyou STOP carrying any creditcards with you, and in fact, cutup all of your cards except one(with the smallest balance),which you should keep forTRUE EMERGENCIES ONLY.

CASH BASIS LIVING -Heres a real blast from thepast dont buy what you cantafford!!! Shocking, right! Wellthats exactly what you need todo to begin to dig yourself outof debt learn to live on a CashOnly basis with no credit card,or debt financed spending. It

will be a difficult transition formany, but because of the waythat debt, and credit cardsspecifically, are set up, you willnever, ever get yourself out ofdebt if you dont stop adding toyour balances. PERIOD. Oldfashioned Monthly BudgetEnvelopes work great forallocating cash to specific bills.


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3. A New Approach to Your Finances._____________________________________________________________________________________________________________________________________________________________________________________________

Do You REALLY Need That Velvet Elvis Print??

NEED AND WANTARE TWO DIFFERENTTHINGS. That is a verysimple, but huge, distinctionthat you need to make everytime you think about buyingsomething. Getting in overyour head with credit isusually because youve had

spending discipline problems,and fell victim to impulsepurchases. Getting out of debtdifficulties will require just theopposite of impulse it willrequire planning. You willneed to sit down at least once amonth, and more likely twice amonth, and plan where you willallocate you spendable cash,and ideally, stuff your BudgetEnvelopes with the cash fromyour paycheck(s). For instance,perhaps youve allocated $ 25 aweek for lunches for each youand your husband then put$200 (4 weeks x $ 50 per) inthat envelope for the month and that is ALL THERE IS forlunches. Do the same for each

Budget Envelope you havecreated, and dont forget tocreate an envelope for savings even if its only a small amountinitially. Also, I realize youcannot pay all of your bills incash. When you need to make apayment that requires a check,simply pull the cash from theappropriate envelope, deposit

it in your checking account andwrite the check(s). To makethis easier you can do this onceor twice a month for multiplebills as needed.

DEVELOPING THERIGHT ATTITUDE ISCRITICIAL to your success.It is extremely important thatyou, and your spouse/significant other, come to thisprocess with a positive, can doattitude. A negative attitude, orone that feels like this newapproach is a buzz kill willdoom you to failure, and leaveyou to drown in the very debtthat you had hoped this

Program would rid you of. Toreally succeed in this Programyou must buy in to the fact thatall credit is bad, although someis necessary, such as amortgage and possibly a carloan (although both must bekept to an absolute minimumand paid off as soon as possibleusing the teachings of this

Program). You need to do whatI call Change Your FinancialProgramming so that you seethat you need to treat credit asthe enemy it is, and avoid themonthly payment trap thatwill only leave you financiallybroken in the end, whileenriching your creditors.Embrace a cash only lifestyle. Itwill seem strange at first,

because perhaps for the firsttime you will be living withinyour means. Change yourattitude and you can changeyour reality!... or as Buddhaonce said, All that we are is theresult of what we have thought.Indeed, Attitude is Power.


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4. How to Eliminate Your Debt Systematically._____________________________________________________________________________________________________________________________________________________________________________________________

An Easy to Follow Road Map to Becoming Debt Free!

HERE THE RUBBERMEETS THE ROAD andyou can get a feel for themechanics of how you cansystematically eliminate yourdebt using just the money youcurrently make. This is excitingstuff, I know. The Science

behind the system is called theCascading Debt EliminationSystem. This system createsmomentum quickly, like aboulder cascading, or bouncingdown a hillside. Like anavalanche, the system picks upspeed as it goes along and feedsoff of itself as you progressthrough the phases, leading tomuch faster debt elimination as

you go along. In a nutshell (thisis an eBook, after all), here arethe steps of the System;1)Prioritize Your Debt organize all debts from thesmallest to the largest on aspreadsheet, either on acomputer or paper, the smallestdebts get the highest Priority,

2) Make Payments Accordingto Those Priorities pay theabsolute minimum on all debtsEXCEPT the highest prioritydebt as designated in Step 1,3)Use Your Debt Reduction

Multiplier take all moniesthat you used to pay on all ofyour debts (i.e. any amountsgreater than the minimum you

are now paying), add them allup and pay all of that moneytoward the Highest PriorityDebt this is your Multiplier,4) Repeat This Process

Monthly until your HighestPriority debt is paid offcompletely, 5) Move on to theNext Highest Priority Debtand start the process again, thistime focusing all of your

payment capability (except theabsolute minimum you can payon all of your other debts) onthis debt, 6) Repeat This CycleSystematically Until All Debts

Are Paid Off!! With thissystem, every time a debt iscompletely paid off, there ismuch more money available to

pay against the next HighestPriority item, allowing thatdebt to be paid off faster aswell. This cycle accelerates eachtime a debt is paid off until youfind yourself absolutely rippinghuge chunks off of the principaleach month of your carpayments and ultimately yourmortgage!!

ITS IMPORTANT TOPROPERLY MANAGEyour expectations during thisprocess, because paying off allof your debts will not happenovernight but good things areworth waiting for right? Youwill need to remain disciplined,dedicated and consistent to digyourself out of the debt hole

you have created, so stay thecourse and you will be one ofthe few who reach truefinancial security. Stats showthat a very small percentage ofthe population will be trulyfinancially independent afterretirement, and that number isexpected to continue to shrink.


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5. Multiply Your Efforts, Speed Your Results._____________________________________________________________________________________________________________________________________________________________________________________________

This Multiplier Concept is the SECRET SAUCE!

A MAJOR KEY TO THISSYSTEM is making yourMultiplier as large as possible.As you will recall from theabove section, the Multiplier isthe maximum amount of moneythat you can use to attack yourHighest Priority debt. By

focusing your MultiplierPayment on the smallest(Highest Priority) debt only,you can much more quicklyeliminate this entire debt, andthen move on to the next,eliminate that one and so on.This technique is akin to youhaving only a few remaininggallons of water to fight a housefire in which people are

trapped where do youconcentrate that preciousresource to do the most good do you just spray it over theentire inferno, where it will justevaporate without impactingthe overall fire, or do spray itinto a window where thetrapped victims are, cool the

fire there temporarily so youcan save those that aretrapped? I hope you get thepoint train your limitedresources where they will

have an impact! This is theonly way you will ever make adent in your overall debt think about it the way DebtMath is set up, if you just make

the minimum payments, oranything close, you will neverpay off the debt, or it will takeyou 30 years like your standardmortgage. Dont be fooled bythis Debt Trap that is set up tomake sure your creditors canfeed off of you for decadeswhile you stress and suffer justto make ends meet!!

KICK YOUR DEBT INTHE CROTCH! Got yourattention with that one didnt I!Well what I mean by that is tohit your debt where it is mostvulnerable with your mostpowerful blow. Thats how youwould attack a much larger andstronger opponent if you were

forced to fight one, wouldntyou? Well, with overwhelmingdebt, you are in for the fight ofyour life. You need to attack itwith the strongest tools youhave; Focus, Discipline andConsistency. These attributeswill allow you to search andfind more money within yourBudget (you MUST create one)

that you can use to make yourMultiplier as large as possible.That way you will have a largerClub with which to beat yourdebt into submission! I suggestyou keep a Spending Journaland write EVERYTHING youspend every month in thatjournal. This will allow you tofind wasteful spending that youcan then cut out and add to

your Multiplier. Maybe itsCigarettes these monsters notonly destroy your health butsteal as much as $ 250 or moreper person from a familybudget each month! The key is,wherever you can find moneyto make your Multiplier larger,do it! You wont regret it!!


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6. Multiply Your Multiplier - Introducing M2._____________________________________________________________________________________________________________________________________________________________________________________________

Debt Elimination on Steroids, Really(but in a good way)!

NOW THAT WE HAVETHE BASICS out of theway, its time to really kick thisengine into high gear! Hereswhere we discuss specificallyhow you can maximize your

Multiplier. You will see whenyou set up and use your

Spending Journal (remember,journal EVERY purchase) thatmuch of your spending everymonth goes toward Impulsepurchases. These areunplanned decisions made onthe spur of the moment, whichis basically the definition of animpulse. As a matter of fact,the dictionary definition ofImpulse is a sudden,

involuntary inclinationprompting to action: to be

swayed by impulse. Impulsivespending is driven byadvertising and marketing

these clever fellows areprogramming you to do whatthey want you to do buy theirproduct of service. I dont knowabout you, but I dont wantanybody telling me what to do either outright or subliminally!Impulsive spending is thedestroyer of your financial plan

and itll hobble your ability tomake your Multiplier bigenough to beat down your debtbully.

THE BEST WAY TOAVOID impulsive spending isto live on a Cash Only basis, as Isaid earlier. If you have ditchedyour credit cards and only

carry cash, cash that you have avery specific purpose for everymonth based on you Budgeting,you will not be swayed byimpulse. Studies have shown

that buyers who use cashspend significantly less on any

given transaction than those

who use credit cards! Thinkabout it for a moment it canbe downrightpainful in a wayto part with any of the limitedsupply of physical dollars thatyou have in your wallet thats

REAL MONEY, but using acredit card is easy and not at allpainful, it doesnt really feel likespending at all, right? Thatsone of the Jedi Mind Tricksthat the credit card companiesuse on you to make you run upyour account balances andbasically become a slave tothem! Dont fall for it. Live withcontrolled, planned spending

and you will be able to harnessall of the power of your takehome pay to attack youbalances, and win this war ondebt!


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This Program Isnt For Everyone_____________________________________________________________________________________________________________________________________________________________________________________________

Someone has to keep the Credit Card companies in business!

SELF DISCIPLINE IS IN SHORTSUPPLY, I am readily aware of this. Noteverybody has what it takes to be FinanciallySecure and Independent, unfortunately. The wayour economic system is set up, whether we like itor not, it is intended that there be winners andlosers. The winners become financially secure(and some really, really WIN, like Bill Gates,

Warren Buffett, the Walton (Wal-Mart) family,etc.) and the losers just scrape by every month,and live a paycheck to paycheck existence filledwith worry that can suck the enjoyment out oflife. A perfect depiction of this winners andlosers mindset comes from one of my favoritemovies, Caddy Shack, starring Bill Murray. In thisexchange, Danny Noonan a kid from a poorfamily, whos trying to improve his life through acollege education says to a wealthy, uppercrusty person, Judge Smails, who hes caddying

for, I planned to go to law school after Igraduated, but it looks like my folks wont haveenough money to put me through college., andJudge Smails responds in an offhand fashion,Well, the world needs ditch diggers, too. Thiswas part of a funny scene in the movie, but it isnot funny in real life. I urge you to follow theteachings of this Program and make sure youdont become or remain the ditch digger from

my example. You can become the person youwant to be, in financial security terms, but youhave to buck the system and do thingsdifferently. This takes Discipline and Consistency,as Ive said before, which is what will separatethe financial winners from the losers. You mustsummon up the strength within yourself to fightthe impulsive spending that short-circuits yourpath to financial independence. Remember, whenyou begin you working life, you have the

potential, and resources, in terms of the moneyyou will earn, to become financially independent.Do not sabotage your own success by falling intothe trap of undisciplined financial habits, and theheavy use of credit. It will only destroy yourpotential to be financially independent.

ONE LAST THING - DO NOT RELYON THE GOVERNMENT to take care ofyou in your old age or retirement years. As youcan see by whats going on around us in the

economic and political worlds, there is notenough money to go around from a governmentalstandpoint and it is only going to get worse. Ipersonally predict that Social Security will not bethere for people who are currently under 55years of age, or if it is it will be a tiny fraction, ashadow, of its former self. Therefore, you MUSTplan for your own Financial Independence! Do itnow, while theres still time to make a difference!!

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