TweetWhen it comes to making large purchases such as homes or new vehicles, it is almost expected that they buyer will take out a loan that puts them in considerable debt until it is paid off. So, it is little surprise that there has been a movement towards the no debt strategy which more people are using to make large purchases. Dave Ramsey is a big proponent of eliminating debt completely from your life and with good reason.  The average American household credit card debt is $15,706 and the average household student loan debt is even higher. No debt investing is a method that does not place you in any debt before making a large purchase.
Of course, this type of strategy comes with its own set of issues and while it may work for more modest purchases such as a used vehicle, paying for home without taking out a mortgage may seemingly be impossible for most to achieve. So, while there is no technical way to live debt-free, that does not mean you should reject the no debt investing strategy when the occasion calls for it.
The good news is that when you become successful, you can start embracing the no debt strategy for many of your purchases which includes buying a new home.
No debt investing is a smart strategy if you can apply it to purchases that will build up your own wealth. Nationwide works with consumers like you to develop and execute a professional strategy with the goal of  satisfying and eliminating all of your unsecured financial obligations. We believe that our professional debt settlement services provide a great alternative to consumers like you who are considering filing bankruptcy. We have socialized the losses in the banking system and have taken the bad debts in the private sector and transferred them to public sector balance sheets.


The information contained on this website is distributed for informational purposes only and should not be considered investment advice or a recommendation of any particular security, strategy or investment product. However, the financial crisis of 2008 opened many people’s eyes to the possibility of being stuck in debt and even going bankrupt if they should lose their job. Instead of taking out a loan, you find other methods of raising the money needed to buy what you want so that there is no debt overhang. We believe that debt settlement is the fastest and least expensive option to get you out of debt without filing bankruptcy. These changes have resulted from concerns over expiring stimulus packages, questions surrounding employment growth, the Euro crisis, and the sheer magnitude of sovereign debt in relation to GDP for the developed world. The debt level of many countries in the developed world is already at 90% of GDP, as illustrated by Figure 7, which shows a matrix of the fiscal deficit to GDP plus the level of government debt to GDP. At all levels of society in the West and across nearly all industrialized countries, there is simply too much debt and too much debt servicing costs in relation to income.
We had little choice at the time of the crisis, but the consequence will be lower economic growth rates as we work the debt down. Debt to equity ratios for the non farm, non financial sector fell to 55% from Q4’s 57% and are far below the cycle high of 80%.
Specifically, it will pay to concentrate on those firms with: 1) above average free cash flow yields, 2) prospects of growing those yields and, 3) an absence of significant debt obligations. Taxes, health insurance and other payments ensure that you will not live debt-free no matter your current status.


This process is an ambitious approach for debtors like you who are experiencing the strains of too much owing to creditors. As pointed out by David Roche of Independent Strategy, “the quality of fiscal spending is the key issue in determining the solvency of state leverage. The latter is the reason Rogoff cites for the 1% decline in growth rate in countries that have 80% to 90% of GDP represented by debt. Basically, we transferred the debt to entities with theoretically infinite lives (sovereign nations) from holders with finite lives (individuals and banks). The ratio of long term debt to total debt reached 74%, a new high as bank lines were further decreased. Supporting this assertion, the IMF found that economic recovery after a recession was significantly weaker for countries that had public debt ratios above 60%5. Other determinants include industry or factor influences, not to mention geopolitical concerns (think Euro issues, Mid East, sovereign debt, etc.).
Extinguishing this debt will be deflationary even as central banks are forced to print money as an antidote. Greece may be the worst but Euroland as a whole now exceeds Rogoff’s 90% level in which future growth rates wilt under the pressure of servicing the debt burden.



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