Get out of debt quick tips,motivation and goals,science of meditation book - Review

admin | to meditate in silence | 27.07.2014
You can’t count on the government, your home’s equity, or even the stock market to provide for you in retirement.. Even if you have just $5,000 in credit card debt at 13 percent interest, if you pay the minimum $100 each month, you’ll end up spending nearly $5,200 in interest and it will take you 21 years to pay off the debt. You can live within your means, save more for your future, and earn your financial freedom. Sell the stuff you don’t need or use—have a garage sale, list it on eBay, or post it on craigslist, then earmark the cash you make to pay off debt. If possible, work overtime or get a second job—even a few hours an evening at a fast-food restaurant works–and earmark that extra cash to paying off as much debt as you can. For more ways to help you slash your debt and get on the road to financial freedom, check out my newest book, All the Rules Have Changed: What You Must Do to Succeed in the New Financial Reality.
Investment Advisory Services offered through Virtue Capital Management, LLC (VCM), A SEC registered investment advisor. This entry was posted in Brain Building Debt Managment Money Mastering and tagged be debt free get out of debt on March 4, 2014 by Adam. Rest assured that as you work through your get out of debt plan you’ll face many obstacles along the way.
Free newsletter, sign up today!Want more news, tips and information from NottaLotta, sign up for our newsletter today! Designed to help consumers with a financial hardship resolve debt within 2 years, debt settlement is a highly-effective process in which debt settlement negotiators communicate with lenders on the behalf of the client.
A government-supported organization that is primarily funded by the contributions for creditors, credit counseling allows debtors to pay their debt off with a low interest rate. As an ideal option for individuals who are not in serious financial distress, debt consolidation entails consolidating your unsecured debts into a secured debt. For a large number of American's dealing with unmanageable debt is just another daily pain.
If you are considering pursing credit repair options, then it is important to learn everything there is to know about it. When it comes to advice about credit, our expert team of credit specialists is the perfect resource.
Comprised of a professional team of credit and debt specialists, Better Credit Center is dedicated to providing Americans with the most useful and recent information in regard to credit repair, debt, and more. Here are just a few examples of recent designs from the Keep Calm-o-Matic creative community.
I’m Todd, and I created Financial Mentor to give you a step-by-step blueprint for building wealth that actually works. In this article, I explain the deceptive nature of debt problems, the simple rules to keep you out of trouble, and the best way to solve any debt or credit problems you already have – for good. You look for financial solutions, but they don’t exist because you’re looking in the wrong place. Everybody knows the cure for debt and credit problems is to make more money or reduce spending. Getting it done is the surprisingly difficult part because the solution looks financial when it’s actually personal.
As a money coach, I used to accept get-out-of-debt clients, and it was a fascinating journey. Money problems were merely reflecting those habitudes financially, and other aspects of the client’s life (poor relationships, health, unhappiness) were reflecting the same habitudes.
Misplaced Priorities: They chose consumption and current lifestyle over investments and freedom. Emotional Spending: They buy for ego and emotional satisfaction instead of utilitarian value. What’s amazing (and obvious in hindsight) is you can flip every one of these characteristics upside down and you have a short list of habitudes that produce wealth. In other words, my wealthy coaching clients had one set of habitudes, and my debt clients had the mirror opposite.
Now that we understand the root cause of debt and credit problems (your habits and attitudes), let’s look at some simple rules for habits and attitudes that cut through all the information clutter so you can avoid debt problems.
Let’s start by looking at two acceptable forms of debt: financing large capital purchases and income property acquisitions. For example, a perfectly viable wealth strategy using debt financing (a mortgage in this case) is to purchase a rental property that produces more income than expenses (positive cash flow). Similarly, it can be a very smart wealth building strategy to leverage a business using debt. These are both intuitively obvious examples of “good debt” because they put more money in your pocket than they take out, and you’re growing a valuable asset.
The analysis gets confused when large non-consumption capital expenditures are purchased where no income is produced.
These two situations (large capital expenditures not consumed and income producing property) are the two situations where debt can make good business sense.
The rule is simple when spending on lifestyle: if you don’t have enough money in the bank, you can’t afford it. Your objective is to be a credit card “deadbeat” by paying off your balance every month so you incur zero fees for the privilege of using the card.
Another advantage to credit cards are the various incentive programs that give free airline tickets, trips, hotels, and even cash back.
Again, the rule is simple: only use these cards for spending you would already be doing anyway. You should never spend a dime more than you would if no credit was available and you should never carry a balance or incur monthly fees. I don’t promote credit cards on this site because my focus is building wealth, but if readers are interested in finding the best credit card promotions, offers, and deals, I encourage you to look over these links from a couple of friends in the financial blogosphere who “eat their own cooking”. Ben Edwards over at MoneySmartLife likes the American Express Blue Cash card for his personal use. Finally, always look at the fees charged so you can determine if the incentive program will give you more benefit than the costs of owning the card. Debt should only be used to finance income producing property or large, non-consumption, asset purchases. Credit cards should only be used as a transaction convenience and never to extend purchasing power.
If you’re in debt bondage then your starting point to freedom is to create a positive spread between how much money comes in and how much goes out.
The way you start this process is by fully owning responsibility for your financial problems and developing a plan for solving them. Seriously, I know this sounds obvious when written, but that’s literally all there is to it. If your existing lender won’t work with you, then look into balance transfers and consolidate all your loans onto the lowest interest credit card. Once credit is inaccessible and you’ve done everything possible to reduce the bleeding, the next step is to track your spending. Do you spend for personal collections (curios, music, etc.) that you enjoy but aren’t necessary? How much goes to recurring expenses (rent, car payment, utilities, etc.) that can be reduced or eliminated? Do you spend on expedient solutions that are little more than a convenience such as going out to dinner or expensive coffee instead of cooking at home (see our Latte Factor calculator for the true cost of these expenses)? When you track your spending, it raises your awareness about where your money goes and what your patterns are.
Now that you’re living within your means and tracking your spending, you should notice how every dollar you spend either takes you toward your goals or away from your goals. You decide how to prioritize certain goals – like financial freedom over current lifestyle.
The amount you save each month will determine how fast you can get out of debt so it’s critically important. Your objective in this step is to literally build a box around yourself that doesn’t allow room so that you enforce your new spending patterns until they become habit.
Enroll a parent, spouse, coach, or friend as an accountability partner so you have someone to report your results to. You could even email them monthly on your results, blog about it, or report it on Facebook. Accountability is a magical, powerful force for shaping human behavior so use it to your advantage. In fact, it can be positively addicting because you’re moving toward your financial goals – finally!
Now that you’ve reduced spending as far as possible, the next strategy to get out of debt is to look at all the ways you can increase income. There are fundamentally two approaches to increasing income: short-term quick fixes and long-term permanent solutions. The short-term quick fix is to increase the hours you work either through overtime, freelancing, or something similar. That’s why you also want to look into ways that permanently increase your income without having to work 24-7.
This involves launching some type of business that begins as a sideline but can transition to full-time, or it involves gaining new job skills or certifications to increase salary in your current occupation (or possibly changing occupations). Debt results from a pattern of behavior (habitudes), so examine all patterns causing the problem and break them. Consider selling anything you don’t regularly use and apply the proceeds to your debt – fur coats, jewelry, a boat, motorhome, extra car.
Increase the spread between income and outflow by adding overtime or freelance work to provide a short-term income boost. While this sounds simple on the surface (because it is), I also want to acknowledge how difficult many people find these action steps to implement even though they intellectually understand the process. There’s no simple solution to personal issues like discipline, determination, and prioritization.


I encourage you to seek out support systems and apply all accountability tools at your disposal. You wield the power to get yourself in debt; therefore, you also have the power to get back out of debt. Once you create a positive spread between income and expenses, the next step is applying the right debt payoff strategy to become debt free in the fastest way possible. Debt Snowball: Order the debts from smallest balance at the top to largest balance at the bottom. Accelerated Debt Payoff: The other alternative is to order your debts with highest interest rate at the top and lowest on the bottom. Next, enter the amount of income left over each month that can be applied toward paying down debts in the box at the bottom of the snowball calculator.
What this calculator will do for you is apply the minimum monthly payment on all debts except the top listed debt. Notice how the size of this additional payment determines how long it will take you to get out of debt.
It might motivate you to go back to the previous section and figure out how to increase your monthly savings so you get out of debt faster.
After the first debt is paid off, dedicate 100% of the money that went to that debt to the next one on the list.
Use debt only to purchase assets that increase in value or produce more income than expenses. Credit cards should only be used for transaction convenience and should be paid in full each month. These three simple rules will keep debt and credit problems from occurring regardless of life circumstances.
Credit is an expedient, short-term solution to life’s difficulties, but it’s usually not the lowest cost or best solution in the long-term.
Once you have a problem, the only way out is decisive action to solve the problem; it won’t solve itself. The time you commit to taking action until the day you’re debt free will likely be many months or possibly years, so plan accordingly.
Next, take the amount saved each month and dedicate it toward paying down debt using either the debt snowball or the accelerated debt payoff method. The key point is to realize that debt and credit issues are a personal problem masquerading as a financial problem. Always remember the financial strategies for getting out of debt are simple to understand and implement. The conventional approach used by experts to figure how much money you need to retire is fundamentally flawed. This book takes you behind the scientific facade of modern retirement planning to reveal simple, robust solutions that will help you retire sooner and with greater financial security. I would say that it is a very high percentage of the world population that live with debt, and are actually working just to manage it, let alone pay it off and become financially free. In my day at school this did not exist, we were given no guidance about finances at all, but were expected to know about taxes, mortgages and bank accounts, it is no wonder it was so easy to get ourselves in trouble financially. Debt can be scary and once you are in it, the growth rate is even scarier, many people live in fear of their financial future and it is no wonder.
The honest truth is that money gives us freedom and choice, you can debate it until your face turns blue, but its the simple truth, lack of money keeps us controlled in a society run by people we do not agree with and do not share our values, they make decisions that affect us, but we have no way out. The biggest fear of many people is getting to retirement age and not being able to survive financially, and that is sad. When it comes down to it the fact of the matter is that you are on your own, there ain’t no fairy god mother that is going to fly in and save you from lack of money when you hit retirement age, the authorities might help you to keep just above the water line if you are in that much of a state. I want to travel, enjoy restaurants, buy that new car, have a mortgage free house and just have my freedom from interest rates and frightening brown envelopes hitting the front door mat. It sounds pretty scary and I have laid it on thick, but it is real and we have to think about it because it is not going away, so we have to find a way to fund our twilight years. It is a fact that the Internet has given us the chance to change our lives in a way never seen before, some have jumped online and become multimillionaires in a short space of time. I am taking the steps to make sure my future has freedom and choice, and yes, there is work involved, but I am prepared to do the work because the rewards are potentially very high, and worth the effort. If you fear your financial future and want to change your financial destiny, if you just want to get rid of that suffocating debt that is keeping you down, then you can choose to do something about it, and you can do that right now, just read my review on one of the best online training facilities available, and make the choice to join me and many others that are changing their financial futures, it is that simple. Time flies past us and never returns, so it is important to use it wisely and I hope that the time it has taken you to read this post has not been a waste of your time, but instead been an important step for your future finances because it is up to you to take control and not get left behind on the debt bus. If you have a little more time you can spare, then leave a comment below with your thoughts about what I have said in this post, I love to get your feedback and comments.
When you’re wondering how to get out of debt fast, it helps a lot to find a reputable debt management company. Likely the fastest way to reduce your debt or pay it off completely is by using a debt settlement plan. This method isn’t as fast as debt settlement, but it can be used in conjunction with debt settlement.
By contacting a debt management company and speaking with a credit counselor, you will learn many new and creative ways to manage your debt.
No matter which plan you set up or choose with the help of a debt management company, it is vital that you stick to the plan.  It is also extremely important that you do not acquire any more debt while you are working on your plan.
Thank you so much Lisa, you were outstanding in helping myself and my wife in this matter.
Then in December 2012, I heard from CNI and in a matter of (4) months they were able to settle the (3) remaining accounts that I have enrolled in the program.
I would like to say as a client of CNI that I am very pleased with the service provided to me on my behalf. I am very thankful for the staff at both companies and am looking forward to continuing to see this to completion. I'd like to say that my debt settlement program is successfully finished and I am so happy with this company! What Our Clients Say"Thank you so much Lisa, you were outstanding in helping myself and my wife in this matter. Clients who make all their monthly program payments pay approximately 50% of their enrolled balance before fees, or 68% to 75% including fees, over 24 to 48 months. It’s an especially bad idea in today’s New (and different) Financial Reality because now your financial future is your responsibility. But if you pay an extra $25 a month, you’ll cut the payoff time down to four years, and your total interest expenses drop to $1,590!
Learn to make wise purchases by taking the Checks and Balances Financial Success System™ approach.
In most cases, it’s a cop-out because it doesn’t help you kick the habit of accumulating debt.
Some will be simple decisions and some will affect your ability to accomplish your goal to be debt free.  The amount of determination you apply to your plan will have a direct affect on when you accomplish your goal. The average credit card debt amounted to $15,266 in 2012, and the average student loan debt amounted to $32,559.
Along with stopping wage garnishments and the accrual of interest, the debt settlement negotiators will reduce the debt amount by up to 50%. By lowering your interest rate, the credit couselors will speed up the time it take for your debt to be paid off.
Though bankruptcy may seem like a quick fix to your debt problems, the negative effects of it follow you for up to 10 years. Due to the increasing cost of living and the lack of employment opportunities, consumer debt is becoming an extremely common occurrence. Click through to see more designs, create your own, share designs and purchase customised products.
More than 15,000 people have already used this blueprint to jumpstart their financial freedom.
We want to believe there’s a missing “secret” or “insider tip” that will solve our problems, so we continue to search for more information. With few exceptions, the client’s financial problems were a mirror reflection of the underlying habitudes (habits and attitudes) governing all of their behavior. Their decision to consume reflected the underlying belief happiness was connected to more-better-different stuff.
Why shouldn’t they have designer clothes, a big screen TV, and a nice car… everyone else does.
There’s no budget, no system for growing assets, no tracking of numbers, no plan for leverage, and no strategy for increasing earnings.
The cause of your financial problems is not financial (with the sole exception of unusual circumstances such as medical, catastrophe, etc.).
The income produced by what you purchase with the debt needs to exceeds the cost of the debt. It’s a capital item that produces a utilitarian good (a place to live) without being used up (assuming you maintain it). Those are the rules that will keep you out of trouble (if you follow them) – 3 simple rules that convert the complex world of debt and credit into straightforward, actionable guidelines. Eliminating fees and reducing interest on current debt can go a long way toward helping you ultimately pay off the debt.
You’re tracking where the money is going to raise your awareness of your spending habits. Look at every aspect of your spending to figure out what’s truly necessary and what isn’t. You want to align every dollar spent with your goals so all spending moves you toward what you want most. The goal in this step is to get your spending down to your true “baseline” required spending so you can move away from lifestyle and toward financial security. Don’t assume any item is sacred no matter how entrenched, and at the same time, don’t overlook any item no matter how inconsequential.


Instead, think in terms of the peace-of-mind, freedom, and security you’re heading toward.
This can be helpful to provide an immediate injection of cash, but can lead to burnout over the long-term.
This might involve changing friends or spending less time with the spendthrifts in your social circle.
Craigslist, Ebay, and garage sales can convert an amazing amount of stuff into serious cash which can make a dent in your debt.
Enter all the information in this debt payoff calculator to help manage the process and estimate how long it will take you to get out of debt.
Mathematically, this is the better way as it results in the fastest, lowest cost payoff because it targets the highest interest rate debt first. Grab this number from the 5 step exercise above where you figured out how to spend less than you earn.
That one gets the additional money from the step above to help pay it off as fast as possible. You repeat this process, creating a snowball that concentrates an increasing amount of your total monthly payment to fewer and fewer debts until they’re all paid off – in full. You might become unemployed, suffer a salary reduction, go through a divorce, have high medical bills, or simply lack good money management skills. Debt used this way leverages your balance sheet which can be a valuable wealth building strategy, but it can also increase your risk, so be careful. If you don’t have the money in the bank to pay for lifestyle expenses, then you can’t afford it.
This involves tracking all expenses and aligning your spending with your values so no money is wasted. This can include both short-term strategies such as overtime and long term strategies like adding career skills or starting a business. The personal obstacles that stand between you and debt freedom are far more complex and difficult to overcome. That’s why slaying the debt dragon is the greatest path of personal growth for anyone who has the problem. Well, lets put it this way, we all probably know more people that have debt than we know people that are financially free, and we are in the 21st century, something is not right, our system sucks, pure and simple. It is a sad thought that most people leave education and get into debt, then spend their working life just trying to get rid of it. I am not sure that today’s education actually teaches what we need to know about money and finances, there may be more financial education than there use to be, but is it adequate and is it the right information.
It is my responsibility to fund my own retirement, just as it is your responsibility to fund your retirement, and I don’t know about you, but I want to be able to do whatever I want.
The earlier we take action the better, but it is never to late to make a change or make a difference to our financial future. Others have tried and given up, but the bottom line is that it is as real as night follows day.
You do not have to have any special skills or be a technical person, it is easier than you think to start and build an online business that can provide you with an income that you never thought possible. If you do not have any time to spare and just want to get on with changing your financial future, then Join Me Now. In order to post comments, please make sure JavaScript and Cookies are enabled, and reload the page. A debt management company can help you with surefire ways to reduce and even get you completely out of debt. How it works is you call your creditor and offer them a lump sum amount to consider your debt paid in full.
So, no more shopping on credit cards, no more buying furniture on time or taking out loans for home improvements that are not urgent.
I will be forever grateful to CNI for making it possible for me to start my life over being debt-free. Everyone that I have spoken with about my account has really made sure that I understand fully on how the process works. Not all clients are able to complete our program for various reasons, including their ability to save sufficient funds. No client or potential client should assume that any information presented or made available through this website should be construed as personal financial planning or investment advice or a solicitation or an offer to sell or purchase a specific security or investment. If you are one of these Americans with unmanageable amounts of debt, then you are probably looking for relief. The negotiators will also handle all of the communication with the creditors and put an end to any harassment from the creditors. Credit counseling is beneficial because it will stop all the harassing collection calls that you may get so you can pay your debt off without having to worry. You can either use your mortgage to consolidate your debt, or you can take out a debt consolidation loan.
These negative effects include a poor credit score, the inability to qualify for loans, being turned down for a job, and more.
If that’s you, then below is an equally simple, step-by-step guide on the best way to get out of debt and start building habitudes that will take you to wealth. You’ve already demonstrated a spending control issue, so you must eliminate access to the vehicle allowing you to spend excessively – easy credit. In fact, every day you’re making literally 100s of these decisions that will make or break your financial future. Look at the big ticket items like housing and transportation first to make the biggest impact fast. When you focus on where you are headed (peace of mind, security, and fulfillment) the reduced spending never feels like a sacrifice.
It may not be fun, but moving in with friends or family, or living in a motorhome for a period of time, can make a huge difference in your budget.
Sure, it’s a short-term solution to a long-term problem, but it can also give you a jump-start while simultaneously simplifying your life. The small debts get eliminated quickly, giving you immediate positive feedback and reinforcing discipline.
The problem occurs if you have a large debt that has high interest because it can feel like it takes forever to make any progress. The key is to decide what will work best for you so you stick with the process long enough to succeed. It may also require cutting up credit cards or freezing them so you eliminate easy access to credit. Many people did have with pension plans and income plans, but the financial world decided to through a curve ball and it wiped out a lot of retirement plans, leaving many with no money for their older years. The Internet can be the one thing you have left to change your financial future, and it does not have to cost you an arm and a leg.
Many creditors would like you to pay off your debt rather than make payments over a long period of time.
They can even help you get your bills paid on time every month by acting as a bookkeeper for you in a debt management plan. How to get out of debt fast varies from person to person, because everyone has their own unique financial situation.
I want this to be placed on your permanent record as going up and beyond is helping out a client. Our estimates are based on prior results, which will vary depending on your specific circumstances.
Debt should not own you; you should control your own life, and the actions you take should help you achieve your goals.
But even if you’re overwhelmed with outstanding bills, you can make a difference a little bit at a time, and it eventually adds up.
Personalized financial planning and investment advice can only be rendered after engagement of the firm for services, execution of the required documentation, and receipt of required disclosures. Though there is no truly quick and easy way to get out of debt, there are some options for you. Whether you choose Chapter 7 bankruptcy - being discharged from your debts completely - or Chapter 13 bankruptcy - having to pay back a portion of your debts - you will be injured financially for many years. It’s not negotiable because debt is paid off from the income left after expenses are paid. This costs you a little more in interest than the alternative below, but many consider it worth the price because the emotional satisfaction results in a higher probability of sticking with the process long enough to succeed.
They are willing to accept less than you owe to get more cash coming into their company right away.
For some it goes quicker than others.  Everyone can get out of debt fast with the expert help that is found at a debt management company. We do not guarantee that your debts will be resolved for a specific amount or percentage or within a specific period of time. Each debt relief option has its pros and cons, and the best option for each individual varies according to the situation. We do not assume your debts, make monthly payments to creditors or provide tax, bankruptcy, accounting or legal advice or credit repair services. Attorneys use this method as standard practice when paying out on accident and injury claims.
Please contact a tax professional to discuss potential tax consequences of less than full balance debt resolution. The use of debt settlement services will likely adversely affect your creditworthiness, may result in you being subject to collections or being sued by creditors or collectors and may increase the outstanding balances of your enrolled accounts due to the accrual of fees and interest. However, negotiated settlements we obtain on your behalf resolve the entire account, including all accrued fees and interest.



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Comments »

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