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TYPICAL AMERICAN FAMILY
The typical American family is living from paycheck to paycheck. In
fact, missing two paychecks will put many Americans in an insolvent position.
Most people's income today depends on their jobs and usually our income is locked in.
Often both spouses are working, but we can't seem to catch up - let alone get ahead. Why
don't we do something about this?
The main reason people don't get completely out of debt is we are lulled into a false
sense of security. "Everyone has debt" we tell ourselves. People don't see debt
as a concern as long as they can make the monthly minimum payments. People get comfortable
with the "way things are." Most people don't want to change.
You can't make your financial dreams come true unless you get completely out of debt.
Can't wait for the solution for eliminating
all of your debt, including your mortgage, in 10 years or less, then click here. However, you will find
the following paragraphs meaningful.
MORE MONTH THAN MONEY
Often our money runs out before the month does. This means you are not able to save and
invest each month the amount of money you need for future when you are retired. Is that
you?
A COMMON SOLUTION TO A CASH CRUNCH
You see when we have a cash crunch, we look to borrow more money to bail us out.
We get new credit card offers almost on a daily basis to tempt us. We're told to take out
loans to consolidate our debts.
Then there is "the monthly payment trap." The ads tell you it only costs
"X" dollars per month, thus diverting your thinking from the real total cost.
You can't get ahead that way. You must learn to live within your income to release
yourself from this bondage
Do these strategies strike home?
IT WASN'T ALWAYS THIS WAY!
When I was a child my parents and their contemporaries had it all backwards. If they
couldn't afford it , they didn't buy it. If it were broken , they repaired it. Imagine
that! This isn't the case today. The IRS says this is a time of instant gratification. We
can't wait until we can afford to pay cash for what we want. Unfortunately for us, we are
bombarded every day with marketing messages which urge us to spend money we don't have.
The credit card companies, the mortgage companies, the auto lenders and retailers only
promote what is good for them, - not you! Another problem is that often the people we turn
to for help give us advice that is wrong.
A TERRIFYING EXAMPLE!
Are you aware if you make a $2,000 purchase on credit with an interest rate of 17.9%
and only make minimum payments of $31.28 per month, it will take 30 years and 5 months to
pay off that debt? Maybe you don't have a problem waiting that long to own the item. But
do you realize that you will pay $4,827 in interest alone.
NECESSARY STEPS -
So how do we escape from all these messages and advice that lead us down the path to
debt troubles and the accompanying stress. First we have to understand the three steps to
true financial independence. They are learn to live within your income, pay off your debts
first and the build wealth with conservative investments over a period of time.
"NO INVESTMENT IS AS SECURE AS
A REPAID DEBT." -- AUSTIN PRYOR
What Austin Pryor, author of "Sound Mind Investing," is saying is that your
best investment is investing in your debt. In fact paying off a 15% credit card is the
same as getting a 15% return equivalent return in the stock market. Andrew Tobias, author
of "The Only Investment Guide You Will Ever Need," supports Austin Pryor when he
says, "Make no mistake paying off the balance on a credit card
is just about the best 'investment' you can ever make."
INVEST IN YOUR DEBT!!
How do I go about investing in my debt? Well there is a technique, a system if you
will, which will show you the very best way to invest in your debt. With this system you
can eliminate all of your debts, including your mortgage in 10 years or less. At that
point you can put all the money you are wasting on debt payments into safe investments. I
have seen my clients put themselves in a position to build a retirement nest egg of over
one million dollars in the same time that it would have to taken them to pay off all of
their debts in the normal fashion.
LESLIE IS A BELIEVER
Dear Blanchard,
Several months ago I took your"Invest In Your Debt" class at Sharon High School.
I must say, you changed my life. I never saw my current "interest problem" as
the plague on my financial situation. I'm currently following the plan and saving
approximately 200 dollars per month in interest. I have paid off two credit cards, lowered
my phone bills and my car insurance, purchased a used automobile, restored my credit
rating and am paying off my car one year in advance.
Now I'm going to tackle my second mortgage. After that, all I have in
debt is my first mortgage.
I was never able to understand my financial situation until your class. Thanks so much
for enlightening me and making me financially wise.
Lesley E.
Click here to see what others say
about the system.
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