How would you like to eliminate credit card debt in less then half the time without debt consolidation?Imagine for a moment that you had no debts. No Credit Cards, No Car Loans, Not even a Mortgage. Now IMAGINE what your life would be like. Allow yourself to day dream for a moment. How much money would that free up each month? What would you do with your new found wealth?....Just Imagine. Eliminate credit card debt first. Now ask yourself what you would be willing to do to be debt free in lets say 7 years? No I don't mean sell a child or anything like that! But would you cut back a little. Now what if I told you that debt freedom is possible in as little as 5 years. DO I HAVE YOUR ATTENTION? By the way this is not debt consolidation and when I started to write this article about credit card debt I had no idea of the direction that it was going to go. But it should make anyone excited about a way to eliminate not just credit card debt but all debts in less then 7 years. Okay enough of a lead in already. I will show you how to use a system called debt stacking to eliminate the debt in half the normal time and save thousands of dollars from going to interest. I must say here that the banks setup the loan structure to keep you paying and paying, keeping you in debt for a very long time. The first thing is to stop spending on credit cards! I mean like now! You will pay roughly 400% on most credit cards and they will normally take 30+ years to payback if you only make minimum payments with out spending any more. Don't worry this is where I tell you the little know secret to eliminating that credit card in only four to six years. Whatever the current minimum monthly payment is that is the number we want to work with. So let's say that this month's payment is 60.00 dollars. Next month if nothing else is charged to the credit card the minimum payment will be about 58.00 dollars DON'T PAY 58.00 continue paying 60.00 dollars. Do you see how that works? First thing Stop Spending on Credit Cards Second is to continue paying the same amount each month and every month on the credit cards Third thing is focus all your financial energy on one debt. What do I mean by this? It has been my experience that many people who attend my financial seminars are trying to pay down their bills but never seem to get very far, this is because they are paying a little extra on each debt instead of focusing on one debt at a time. So if you have an extra 25.00 each month apply it to the debt with the smallest balance first until that debt is paid off. (More on how to come up with extra money later when we talk about budgeting.) Next is once one debt is paid off take the money that was going to that debt and applies it to the next debt in the list until all debts are paid off. This is called debt stacking. The Rapid Debt Reducer Software was designed to do this for you and show you how much money will be saved instead of debt consolidation. SoLongBills.com is a key resource in providing up to date financial resources to eliminating debt and living life better Avoid debt consolidation at all cost until you have reviewed my method of reducing debt! Eliminate all credit card debt in less then half the time. WE SHOW YOU HOW | |
