Systematic Debt Elimination Equals Financial Security.

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Do you have what it takes to become Financially Independent?

YOU ABSOLUTELY HAVE WHAT IT TAKES, you just have to learn a new reality to live
by. It is not a shocking, life changing new reality. It is more of a realization that what you are, and have been, doing is not working. If you are one of the millions of people who have maxed out credit cards, past due loans, or, god forbid a mortgage that you struggle to pay, then it is probably dawning on you that the course youve been following financially is not working. I, for one, am intimately familiar with the feeling of having too much month left at the end of my money and the gnawing fear and worry that comes with realizing that you are in over your head with debt. This is no way to live it sucks the life out of you and saps the joy from living. Im here to tell you there is a better way to conduct your financial life, one that replaces debt and worry with abundant cash and the comfort of peace of mind. If you follow this Program I guarantee that you will begin to enjoy life again, and find peace in the fact that you are developing a sustainable financial lifestyle, one that will only get better as you eliminate more debt and free up more of your income to invest in further developing you wealth (yes, we can call it that, even if it begins relatively modestly)! Youre probably familiar with the old saying A journey of a thousand miles begins with a single step. Well, that is a great metaphor for many struggles, and is just as true today as it was in 550 BC when Chinese philosopher Lao-tzu first said it. If you are ready to change your financial life for the better and slowly, but surely begin to leave your financial struggles behind you, then you have already taken that first step. Congratulations! Acceptance of the fact that you need to change is critical, as is getting the buy-in to the change in financial lifestyle from any spouse or significant other that holds any type of sway over your financial decisions. Out of the knowledge that change is necessary will grow a steely Resolve to stick with your new course of action, and resolve will further distill itself into Discipline, which is what you will need on a daily basis as you begin to make new spending decisions(or not to spend decisions!) on a daily basis.

MEASURABLE SUCCESS CAN BE ACHIEVED QUICKLY. If you stick with the

Program and follow its methods you will quickly begin to pay off your top priority debts and, on average, can have all of your credit cards, car loans AND your mortgage paid off within 5 to 7 years. Thats completely debt free! Paying off these income black holes will save the average person hundreds of thousands of dollars in interest payments. This money, as it is freed up, is then redirected to growth investments, quickly growing into real wealth!

TAKE THE FIRST STEP.

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

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Make Your Money Benefit You, Not Your Creditors.

THE MONEY YOU MAKE IS YOURS, ISNT IT? Well, thats a complicated
advertisers have educated the typical American on how they should look, what they should drive, what electronics they must have, etc. These advertisers have trained people to want/need things they cant afford, but really, really want! Then, in steps the credit card companies to say you can have all of this and more! If you give in to this trap, your slide into debt, and a life of living paycheck to paycheck has begun. money, no matter how you look at it. What you need to understand that your job is to hold on to as much of that money as possible, and put it to work for you to create Financial Independence. Thats what this eBook will attempt to teach you how to manage your lifetime income to create a new reality where you have complete financial security, meaning that you are totally self reliant for all of the income you need to live your life. No boss, job, no government handouts needed you are totally financially self sufficient. You just need to master a new mindset that you are going to develop and live by. A PLAN or a SYSTEM that you have totally bought into and stay loyal to. This will mean that you will have to exercise financial self discipline, which will probably be new to many of youbut the end result of a financially secure lifestyle is worth it!

question. Ideally, the answer is obviously YES but because so many people never properly learned how to manage their money (and their spending) the answer is more complicated. You see, many of us who havent learned proper money management skills have the distinct displeasure of being turned into only a temporary stopping point for their money as it travels along to its final resting place in the coffers of their creditors, usually the credit card companies. Think about it, did you ever receive any formal training on how to manage your money? The answer is a resounding NO for most people. The average person has received their training , or more accurately, brainwashing, via TV. The extremely talented and creative

THE IRONIC PART IS THAT YOU BEGIN YOUR WORKING LIFE AS A MILLIONAIRE in

the making. Thats right! Lets do the math if the average household income is $ 42,000 and you work from, say 20 to 65 years of age, you make just short of $ 1.9 million. Bump the household income to $55,000 on average and you earn almost $ 2.5 million! Thats a lot of

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2. Credit Friend or Enemy?

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Quit Being a Cow That Feeds the Credit Card Companies!

QUOTATIONS ON THE EVILS OF DEBT ARE NUMEROUS, but my
favorite is, Debt can turn a free, happy person into a bitter human being. Attributed to Michael Mihalik, I think it really captures the essence of what the use of Debt, and specifically credit cards, car loans, and even mortgages can do to a person. Being under too much financial pressure without any imaginable way out can simply change a person for the worse. Ive seen it, where it literally sucks the life out of a person, turning someone from a vibrant, happy, energetic, optimistic person into someone who is drained, pessimistic, and unhappy - basically a shadow of their former selves. It is quite sad to see. Perhaps you are starting to see some of that in yourself? Well, it doesnt have to be that way. Whats needed is to break totally free of the teachings jammed down our throats via TV, Billboards, Radio, and most recently, the internet teachings that lead us to spend beyond our means, and turn us literally into cows that are systematically milked by our creditors. The milk that they are taking is virtually all of our disposable (take home) income. In this (admittedly strained) scenario I am painting, we exist almost exclusively to earn money to hand over to our creditors (those who have loaned us money). This is no way to live, and certainly no way to prepare for a secure financial future (a future thats coming whether youre prepared for it or not!). need to do, stop digging! In other words, stop using credit and digging our financial hole deeper. I strongly suggest that you STOP carrying any credit cards with you, and in fact, cut up all of your cards except one (with the smallest balance), which you should keep for TRUE EMERGENCIES ONLY.

CASH BASIS LIVING -

NOW, FIRST THINGS FIRST a very wise man

once said, the first thing you need to do to get out of a hole is to stop digging. That is the perfect metaphor for what we

Heres a real blast from the past dont buy what you cant afford!!! Shocking, right! Well thats exactly what you need to do to begin to dig yourself out of debt learn to live on a Cash Only basis with no credit card, or debt financed spending. It will be a difficult transition for many, but because of the way that debt, and credit cards specifically, are set up, you will never, ever get yourself out of debt if you dont stop adding to your balances. PERIOD. Old fashioned Monthly Budget Envelopes work great for allocating cash to specific bills.

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3. A New Approach to Your Finances.

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Do You REALLY Need That Velvet Elvis Print??

NEED AND WANT ARE TWO DIFFERENT THINGS. That is a very
simple, but huge, distinction that you need to make every time you think about buying something. Getting in over your head with credit is usually because youve had spending discipline problems, and fell victim to impulse purchases. Getting out of debt difficulties will require just the opposite of impulse it will require planning. You will need to sit down at least once a month, and more likely twice a month, and plan where you will allocate you spendable cash, and ideally, stuff your Budget Envelopes with the cash from your paycheck(s). For instance, perhaps youve allocated $ 25 a week for lunches for each you and your husband then put $200 (4 weeks x $ 50 per) in that envelope for the month and that is ALL THERE IS for lunches. Do the same for each Budget Envelope you have created, and dont forget to create an envelope for savings even if its only a small amount initially. Also, I realize you cannot pay all of your bills in cash. When you need to make a payment that requires a check, simply pull the cash from the appropriate envelope, deposit it in your checking account and write the check(s). To make this easier you can do this once or twice a month for multiple bills as needed. Program would rid you of. To really succeed in this Program you must buy in to the fact that all credit is bad, although some is necessary, such as a mortgage and possibly a car loan (although both must be kept to an absolute minimum and paid off as soon as possible using the teachings of this Program). You need to do what I call Change Your Financial Programming so that you see that you need to treat credit as the enemy it is, and avoid the monthly payment trap that will only leave you financially broken in the end, while enriching your creditors. Embrace a cash only lifestyle. It will seem strange at first, because perhaps for the first time you will be living within your means. Change your attitude and you can change your reality!... or as Buddha once said, All that we are is the result of what we have thought. Indeed, Attitude is Power.

DEVELOPING THE RIGHT ATTITUDE IS CRITICIAL to your success.

It is extremely important that you, and your spouse/ significant other, come to this process with a positive, can do attitude. A negative attitude, or one that feels like this new approach is a buzz kill will doom you to failure, and leave you to drown in the very debt that you had hoped this

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4. How to Eliminate Your Debt Systematically.

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An Easy to Follow Road Map to Becoming Debt Free!

HERE THE RUBBER MEETS THE ROAD and
you can get a feel for the mechanics of how you can systematically eliminate your debt using just the money you currently make. This is exciting stuff, I know. The Science behind the system is called the Cascading Debt Elimination System. This system creates momentum quickly, like a boulder cascading, or bouncing down a hillside. Like an avalanche, the system picks up speed as it goes along and feeds off of itself as you progress through the phases, leading to much faster debt elimination as you go along. In a nutshell (this is an eBook, after all), here are the steps of the System; 1)Prioritize Your Debt organize all debts from the smallest to the largest on a spreadsheet, either on a computer or paper, the smallest debts get the highest Priority, 2) Make Payments According to Those Priorities pay the absolute minimum on all debts EXCEPT the highest priority debt as designated in Step 1, 3)Use Your Debt Reduction Multiplier take all monies that you used to pay on all of your debts (i.e. any amounts greater than the minimum you are now paying), add them all up and pay all of that money toward the Highest Priority Debt this is your Multiplier, 4) Repeat This Process Monthly until your Highest Priority debt is paid off completely, 5) Move on to the Next Highest Priority Debt and start the process again, this time focusing all of your payment capability (except the absolute minimum you can pay on all of your other debts) on this debt, 6) Repeat This Cycle Systematically Until All Debts Are Paid Off!! With this system, every time a debt is completely paid off, there is much more money available to pay against the next Highest Priority item, allowing that debt to be paid off faster as well. This cycle accelerates each time a debt is paid off until you find yourself absolutely ripping huge chunks off of the principal each month of your car payments and ultimately your mortgage!!

ITS IMPORTANT TO PROPERLY MANAGE

your expectations during this process, because paying off all of your debts will not happen overnight but good things are worth waiting for right? You will need to remain disciplined, dedicated and consistent to dig yourself out of the debt hole you have created, so stay the course and you will be one of the few who reach true financial security. Stats show that a very small percentage of the population will be truly financially independent after retirement, and that number is expected to continue to shrink.

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5. Multiply Your Efforts, Speed Your Results.

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This Multiplier Concept is the SECRET SAUCE!

A MAJOR KEY TO THIS SYSTEM is making your
Multiplier as large as possible. As you will recall from the above section, the Multiplier is the maximum amount of money that you can use to attack your Highest Priority debt. By focusing your Multiplier Payment on the smallest (Highest Priority) debt only, you can much more quickly eliminate this entire debt, and then move on to the next, eliminate that one and so on. This technique is akin to you having only a few remaining gallons of water to fight a house fire in which people are trapped where do you concentrate that precious resource to do the most good do you just spray it over the entire inferno, where it will just evaporate without impacting the overall fire, or do spray it into a window where the trapped victims are, cool the fire there temporarily so you can save those that are trapped? I hope you get the point train your limited resources where they will have an impact! This is the only way you will ever make a dent in your overall debt think about it the way Debt Math is set up, if you just make the minimum payments, or anything close, you will never pay off the debt, or it will take you 30 years like your standard mortgage. Dont be fooled by this Debt Trap that is set up to make sure your creditors can feed off of you for decades while you stress and suffer just to make ends meet!! forced to fight one, wouldnt you? Well, with overwhelming debt, you are in for the fight of your life. You need to attack it with the strongest tools you have; Focus, Discipline and Consistency. These attributes will allow you to search and find more money within your Budget (you MUST create one) that you can use to make your Multiplier as large as possible. That way you will have a larger Club with which to beat your debt into submission! I suggest you keep a Spending Journal and write EVERYTHING you spend every month in that journal. This will allow you to find wasteful spending that you can then cut out and add to your Multiplier. Maybe its Cigarettes these monsters not only destroy your health but steal as much as $ 250 or more per person from a family budget each month! The key is, wherever you can find money to make your Multiplier larger, do it! You wont regret it!!

KICK YOUR DEBT IN THE CROTCH! Got your

attention with that one didnt I! Well what I mean by that is to hit your debt where it is most vulnerable with your most powerful blow. Thats how you would attack a much larger and stronger opponent if you were

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6. Multiply Your Multiplier - Introducing M2.

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

NOW THAT WE HAVE THE BASICS out of the
way, its time to really kick this engine into high gear! Heres where we discuss specifically how you can maximize your Multiplier. You will see when you set up and use your Spending Journal (remember, journal EVERY purchase) that much of your spending every month goes toward Impulse purchases. These are unplanned decisions made on the spur of the moment, which is basically the definition of an impulse. As a matter of fact, the dictionary definition of Impulse is a sudden, involuntary inclination prompting to action: to be swayed by impulse. Impulsive spending is driven by advertising and marketing these clever fellows are programming you to do what they want you to do buy their product of service. I dont know about you, but I dont want anybody telling me what to do either outright or subliminally! Impulsive spending is the destroyer of your financial plan and itll hobble your ability to make your Multiplier big enough to beat down your debt bully. that buyers who use cash spend significantly less on any given transaction than those who use credit cards! Think about it for a moment it can be downright painful in a way to part with any of the limited supply of physical dollars that you have in your wallet thats REAL MONEY, but using a credit card is easy and not at all painful, it doesnt really feel like spending at all, right? Thats one of the Jedi Mind Tricks that the credit card companies use on you to make you run up your account balances and basically become a slave to them! Dont fall for it. Live with controlled, planned spending and you will be able to harness all of the power of your take home pay to attack you balances, and win this war on debt!

THE BEST WAY TO AVOID impulsive spending is

to live on a Cash Only basis, as I said earlier. If you have ditched your credit cards and only carry cash, cash that you have a very specific purpose for every month based on you Budgeting, you will not be swayed by impulse. Studies have shown

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This Program Isnt For Everyone

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Someone has to keep the Credit Card companies in business!

SELF DISCIPLINE IS IN SHORT SUPPLY, I am readily aware of this. Not
everybody has what it takes to be Financially Secure and Independent, unfortunately. The way our economic system is set up, whether we like it or not, it is intended that there be winners and losers. 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 filled with worry that can suck the enjoyment out of life. A perfect depiction of this winners and losers mindset comes from one of my favorite movies, Caddy Shack, starring Bill Murray. In this exchange, Danny Noonan a kid from a poor family, whos trying to improve his life through a college education says to a wealthy, upper crusty person, Judge Smails, who hes caddying for, I planned to go to law school after I graduated, but it looks like my folks wont have enough money to put me through college., and Judge Smails responds in an offhand fashion, Well, the world needs ditch diggers, too. This was part of a funny scene in the movie, but it is not funny in real life. I urge you to follow the teachings of this Program and make sure you dont become or remain the ditch digger from my example. You can become the person you want to be, in financial security terms, but you have to buck the system and do things differently. This takes Discipline and Consistency, as Ive said before, which is what will separate the financial winners from the losers. You must summon up the strength within yourself to fight the impulsive spending that short-circuits your path to financial independence. Remember, when you begin you working life, you have the potential, and resources, in terms of the money you will earn, to become financially independent. Do not sabotage your own success by falling into the trap of undisciplined financial habits, and the heavy use of credit. It will only destroy your potential to be financially independent.

ONE LAST THING - DO NOT RELY ON THE GOVERNMENT to take care of

you in your old age or retirement years. As you can see by whats going on around us in the economic and political worlds, there is not enough money to go around from a governmental standpoint and it is only going to get worse. I personally predict that Social Security will not be there for people who are currently under 55 years of age, or if it is it will be a tiny fraction, a shadow, of its former self. Therefore, you MUST plan for your own Financial Independence! Do it now, while theres still time to make a difference!!

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