span is less money that you have for
class="cap">M y most you and your family! The average
favorite story is that of family pays almost $11,000
Arkad, The Richest Man in interest on credit per year, or
Babylon. In my opinion, the most $916 per month. Imagine what you
fascinating paragraph in the could do with an extra $916 per
story is: "Arkad was famous for month!
his wealth, kindness, and
Everything you purchase delays
generosity. He gave graciously to your financial freedom, plus you
charities, was generous with his have to find a place for it and
family, and liberal with his own clean it weekly. Avoid impulse
expenses. Arkad was rich and buying or "malling." Credit takes
generous, and each year his more money away from you, keeping
wealth increased faster than he you from achieving your financial
spent it." goals. We have been brainwashed
Be honest, wouldn't you enjoy into thinking that we cannot live
having all the good things in without credit. This is a false,
life and still have your ruthless idea that will rob you
investments grow faster than you blind. Do not be fooled.
could spend them?
IRS studies show that 96 out
What if you were to make this of 100 financial failures are
prospect a reality so that you caused by the inability to delay
can enjoy your wealth at the gratification. They bought on
youngest age possible? Make a credit and gave their future
commitment now that you want to away.
be like Arkad, wealthy while
ADVANTAGES WHEN YOU ARE
young.
DEBT-FREE
DEBT LOWERS YOUR STANDARD of
1. Financial freedom for you
LIVING-each and every month! and your family
Every penny you pay in interest
2. 80% more after-tax dollars
to spend how you choose DEBT-FREE
3. You will build savings and
ACHIEVE the American Dream-You
become your own banker, credit want the best for your family. So
card company, etc., by investing husband, wife, and children agree
the money that had been going to on the concept and details of
debt-elimination payments
getting out of debt. Your family
4. Your home is paid for, free agrees:
and clear
1. That being debt-free will
5. Your car(s) are paid for, benefit the entire family.
free and clear
2. You will be one of the 30%
6. Many more options
of Americans who have the means
7. You have cash on hand for to pay for what you need, when
anything
you need it, so you won't be
8. Create more peace, living paycheck to paycheck.
calmness, and enjoyment which
3. You will be one of the 4%
will add more years to your life, who retire rich.
lower your medical bills, AND you
4. That credit has short-term
can have a more romantic life
gain and long-term pain.
9. No credit card or
5. You will practice delayed
installment loan payments
gratification.
10. No boss can hold a job
6. To spend money only on the
over your head
necessities.
11. No possibility of
7. That if you want things and
bankruptcy or home more things, you will pay
foreclosure
cash.
12. No liabilities
8. To focus all available
13. Never have to worry about money on the bills until you are
a credit rating as you will never debt-free.
need credit again
9. To cut up the credit
HOW to QUICKLY BECOME cards.
BECOME a CIA Agent-Take a paying off your smallest two
small notebook or index cards and debts first, regardless of
track every penny and dollar you interest rate. Having them paid
spend and what you spend it on off will give you and your family
for a week-just a week. Track all a positive psychological
the cash you spend, the checks boost.
you write, the charges you put on
Method Two is Credit
your credit cards, and all Consolidation-This applies to all
automatic bills paid. At the end your credit cards and loans only.
of the week, on another sheet of The average household uses 14.2
paper, list each expenditure credit cards. Just think of the
under these headings: Necessity, time, cost, stress, and loss of
Convenience, Indulgence, prime family time given up each
Appearance. How quickly would month to keep track and audit all
your debts be paid off with the those credit card statements.
money you are currently spending
Remember that Wealth is a
on Convenience, Indulgence, and Matter of Choice-Yours Alone.
Appearance?
Choose today to become a
QUICKLY become debt-free-here millionaire, to focus on your
are a couple of methods. Specific wealth creation, to create a life
details for each method can be you love for you and your loved
found in Chapter 8 of 80 Proven ones.
Ways to Become a Millionaire.
Choose the best way for your
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About the Author:
80 Proven Ways to Become a Millionaire includes author Paul Damazo's proven investment strategies that earned him an annual average return of 15% or more for the past 50 years. He wants to improve the financial literacy of each person in this country. Visit 80 Proven Ways.
Article Tags: credit, family, money
