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36 pages

English

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Description

I know what's like to be broke.

Nine years ago I was in debt because of the huge legal fees and the loss of my job. I was an innocent victim fighting for justice. The lawyer's fee almost bankrupt me. I resorted to borrowing from my family, the bank and my credit card was max out. The money goes to pay high interest. I got deeper and deeper into the debt sink hole. I was frustrated and depressed about my situation.

That experience motivated me to do everything to get myself out of debt. I read as many books as I can find in the public library, and spending hours researching on the Internet. I did everything I possible could. It took me more than a year to get out of debt.

Out of this painful experience, come this book. From all these experiences and research , I developed the strategies to get out of debt and live a debt free life. It worked for me. It can work for you.

In this book, you will discover:
- Warning Signs of Too Much Debt
- Why People are in Debt
- The Truth about Debt
- The Credit Card scam
- The power of Compound Interest
- How to stop the financial hemorrhage
- How to Live Below Your Means
- How to create a Repayment Plan
- How to create a Spending Plan
- How to Save
- How to Increase Your Earning Capability
- How to Cultivate a Prosperity Mindset

When you implement the strategies in this book, you will discover the truth and the lies about credit card, you will know how to get out of debt, and live a Debt-Free Life and prosperous life.

This is a very small cost to invest in getting debt free! You will save far more than the cost of book, The amount is less than a hour of personal coaching. Apply what you learn and it will get you out of debts forever.

Sujets

Maison

Finances domestiques

Business

Economics

Money Management

Personal Finance

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Publié par	eBookIt.com
Date de parution	06 juillet 2014
Nombre de lectures	0
EAN13	9789810907839
Langue	English

Informations légales : prix de location à la page 0,0150€. Cette information est donnée uniquement à titre indicatif conformément à la législation en vigueur.

Extrait

Get Out of Debt Now
The Roadmap to Financial Freedom
ISBN: 978-981-09-0783-9
Publication Date: June 2014
Published By: Hope Publishing
Epub Conversion by: www.digitalpublishingsingapore.com
Copyright © 2014 – Anne Marie. All rights are reserved . No part of this report may be reproduced or transmitted in any form without the written permission of the author, except for the inclusion of brief quotations in a review
Disclaimer
This book has been written to provide information to help you get out of debt and be financial free. Every effort has been made to make this book as complete and accurate as possible. However, there may be mistakes in typography or content. Also, this report contains information that is accurate only up to the publishing date. Therefore, this book should be used as a guide – not as the ultimate source of financial management information.
The purpose of this book is to educate. The author and publisher does not warrant that the information contained in this book is fully complete and shall not be responsible for any errors or omissions. The author and publisher shall have neither liability nor responsibility to any person or entity with respect to any loss or damage caused or alleged to be caused directly or indirectly by this book.
Message from the Author
Bills, bills and more bills. Before you clear the old bills from the previous month, new bills are already stuffed in your mail box. You are living from paycheck to paycheck. You have used up your salary before the next pay day comes. Your credit card bills include late payments penalties.
If this sounds like you, then this book is certainly for you.
It is hard to always be short of cash. It is like being trapped in a mine and not see the light and the way out of it.
This book will shed some light. Take the tips in this book as a tool for you, a shovel that you can use to dig. Start digging, bucket by bucket, until you see the light at the end of tunnel.
The goal of this book is to help you get out of debt. Pay off every single one of your debts -- using the money you ALREADY make! You will not only survive whatever financial crisis’ you may be encountering now or in the future, but you will even live a better life, right through it!
I’m here to tell you that even though it may take a while, you can get out of debt no matter how impossible it seems .
I have been in debt many times – because of unemployment, medical bills, and legal fees. I read every book on debt, and tried every tip to stay frugal. Finally I got myself out of debt.
The powerful, life-changing strategies that I have learnt are distilled into this book. They are easy to read, simple to understand, and have proven to work. These strategies have turned my life around. I know it will work for you.
It took me nine long years to release this book. It pains me to read news about how some people are driven to despair and suicide because of debt. I hope my book will help someone in need.
Simply reading this book alone with not help. You must take action. When you do, you will get out of debt, be free from money worries and live a life of abundance. You will acquire the skill of managing your money.
Contents
Part I – Know the Truth
Chapter 1: Know the Truth
•      Warning Signs of Too Much Debt
•      Why People are in Debt
•      The Truth about Debt
•      The Credit Card Scam
•      The Power of Compound Interest
•      The Truth about You - Are you in Debt? Your Beliefs, values and Attitudes
Part II – How to Get out of Debt Now
Chapter 2: Stop the hemorrhage
Chapter 3: Live Below Your Means
Chapter 4: Repayment Plan
Cahpter 5: Spending Plan
Chapter 6: Save
Part III – Living a Debt-Free Life
Chapter 7: Increase Your Earning Capability
Chapter 8: Invest in Your Future
Chapter 9: Cultivate a Prosperity Mindset
Part IV – Road to Financial Freedom
Chapter 10: Living the Simple Life
Chapter 11: Take Action
Epilogue
Chapter 1: KNOW THE TRUTH
“ Then you will know truth, the truth will set you free ” ~ John 8:32

1.      Warning Signs of Too Much Debt

2.      Why are People in Debt

3.      The Truth about Credit Card Debt

4.      The Truth about You
Warning Signs of Too Much Debt
How serious are your debt problems? Ask yourself these questions:

•      Do you have to borrow to pay your current bills?
•      Are you frequently late paying your bills?
•      Can’t avoid using credit?
•      Are your debts a source of constant friction with your mate?
•      Do your debt problems distract you from your work?
•      Do you think about your money problems a lot during the day?
The first signpost on the road to indebtedness is a lack of money and an increase in money worries.
Why Are People in Debt
Have you ever noticed that no matter how much money you seem to make, there is never enough? Do you wonder why you never seem to get ahead financially? Have you ever taken an assessment of your relationship with money? This will determine where the problem might be. Then together, we can diagnose your financial disease and develop a plan of care to treat it and cure it.
It is important to identify why you are into debt so that you can begin to make some changes.
Debt is created from many sources: a spending addiction, living a lifestyle beyond your means, being driven by wants, impulse buying and a lack of respect for your money.
Reason 1: Needs vs Wants
You incurred debt when you choose to purchase things you cannot afford, things that you want, rather than things that you need. Wants, like greed, have no limits.
What’s the difference between needs and wants?
Needs are those things that you cannot live without or that living without would cause hardship and distress. Wants are things you can live without.
The amount of money you have to spend is finite; everything in life is a trade off. If you are going to spend your money on one thing today then this becomes money that is not available for saving or for purchasing more important items in the future. Just as you prioritize your time, learn to prioritize your spending. Before you make a purchase, ask yourself whether the item is a need or a want and decide accordingly.
Reason 2: Unaffordable Lifestyle
Many people feel they deserve to “treat” themselves to expensive items or spend money they don’t have on living a lifestyle they have yet to earn. Many have the mistaken belief that their value depends on how much money they have and their status in life. I know people who spurge all their savings to beautify their house and to impress others. They are asset rich, but cash poor.
How then do you impress others without spending a bomb? If you don’t have it, fake it. Why spend $10,000 on a Rolex watch to impress others and make yourself poorer? If you really feel insecure about yourself, get yourself a fake one. If diamond is your best friend, get a fake one. Only a gemologist can tell the difference. Why wear a genuine one and risk getting robbed?
“ Too many people spend money they haven’t earned, to buy things they don’t want, to impress people they don’t like ” ~ Will Smith
Reason 3: Impulsive Buying
The favorite activity of most money-spenders is shopping. Shopping can become a compulsive behavior. It is an unhealthy therapy for stress. A compulsive spender spends money whether he needs to or not. He does not stop to think whether he can afford something, if he wants it, for whatever reason, he gets it.
Never buy what you do not need just because it is cheap. If you buy things you don’t need, you could end up selling the things you need.
Reason 4: Lack of Respect for Money
One reason why people end up in debt is that they were never taught basic financial management, such as paying bills on time.
If you have children, it is your responsibility to teach them to value money. Do not leave the responsibility to the teachers or the government. Start them young with a piggy bank. When they are old enough, help them open a saving account.