- Reduce your monthly payment by up to 50%
- Be debt free in as little as 12-30 months
- Lower your debts by up to 50%
- Make one simple monthly payment
- Avoid bankruptcy
- Don’t risk your home or other personal property if
you miss a payment
- Don’t pay service fees unless we save you money
- Reduce your stress and get a “New Deal”
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Myths of Financial Independence
by Dave Capra "The Debtonator"
Myth #1 – You can use money the same way every one around you uses it and still become financially independent
Myth #2 – The responsible use of credit can enhance your life.
This is a very dangerous lie that is told to the American consumer by the banking industry, you know, the guys that issue you their credit cards and bury you in interest and fees. Only retailers and banks benefit from the use of credit cards. You only use them to have the privilege to overpay for goods and services.
Myth #3 – Pay yourself first
I consider this to be a myth for the way it is applied . You should pay your debts off first. You would be far better off if you eliminate your debt and then concentrate on paying yourself.
Myth #4 – You can get out of debt by putting a little extra on each bill each month
To effectively eliminate your debt you must use the military principle of massing the forces. This means concentrating all resources on one bill at a time. This way you will pay off the target bill more quickly and can then move on to the next. You can apply the monthly payment on the paid off bill to the second and so on.
Prioritize your bills according to the higher interest first and work your way down the list.
Myth #5 – You need to learn how to manage credit.
You need to learn how to eliminate credit. Maintain a credit to debt ratio of no more than 6:1
Myth #6 – It takes other people’s money to make money
This idea comes from the lie that you need venture capital or you have to have a huge start up cost to start a new business venture. This is simply not true. It is easier to start with a large bank backing you up on a business venture, but you will also ultimately have to pay the “other people” back with interest or equity. There are always ways to accomplish a successful business start up without using the funding of other people. Find the way.
Myth #7 – Success equals working smarter not harder.
This statement is nothing but a shortcut that seldom is effective. Howabout working smarter AND harder. That would be a more realistic formula for success.
For more information, contact Dave Capra “The Debtonator”
Visit him online at: www.yourguidetoperfectcredit.com or call 1.877.274.1260 (office)
Email: dcapra@franklindebtrelief.com
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