CHAPTER 4
A New Concept on Being Debt Free
Let’s be honest.
Being in debt affects every aspect of your life! For the majority of people in the world there is the overwhelming feeling of helplessness and despair. All this stress has a direct impact on you and your family both physically and mentally. All that will now be in the past for you! We are now going to work the system versus the system working you!
We have discussed several ways in which you have been losing money. You are now on the road to financial freedom! You now have a better understanding that Debt is something to be rid of…as fast as possible.
There’s really one precise definition of financial independence, and it simply means that you are not dependent on any one person, company, entity or government for survival in a civilized society.
Bottom line…You will become “un-vulnerable”.
We have one goal in writing this e-Book. The goal is to assist you in becoming completely independent (debt free) of any financial obligations to a creditor that involves revolving debt.
And we want to show you how to do it in the shortest possible time-frame. We want to help you design a lifestyle where you own your home outright, have no car payments, no credit card debt, no other installment debt at all!
Here’s the BIG BONUS…the money you are no longer losing to your creditors will now become the money for your investments giving you the ability to live off the interest and be truly financially independent. No longer will you have that pit in your stomach wondering how you will pay the bills, nor the feeling of helplessness and despair. No concerns every time your phone rings wondering which credit collector is calling you now!
If you are like the average American family, eliminating consumer debt will save you an average of $100,000 plus in interest and have you completely, and I repeat completely out of debt in approximately 5-10 years. Remember the $100,000 is an average, depending on your current debt situation the money saved from interest never paid can escalate to over $500,000 and beyond!
If you’re thinking that 5-10 years is a long time, consider how quickly the last 5-10 years flew by…and how much better off are you now?
Once you have relief from debt, you will be able to build up a nest egg with safe investments. All this will be accomplished in the time it would have taken you to pay off your mortgage. Think about the power behind those last two sentences. Isn’t this something you want to achieve?
We will show you in this e-Book how to do all of this yourself, without the use of Financial Planners, Attorneys, and Debt Consolidation Loans USING THE MONEY THAT YOU ARE CURRENTLY BRINGING HOME. You will have no need to secure a second or third job or requirement to dramatically change your lifestyle. You will not be expected to become a prisoner in your own home!
This is what we like to refer to as having true financial independence or financial flexibility.
