Turn Your Debt to Wealth So You Can Live a Life of Prosperity and Total Fulfillment
"Financial Education leads to Financial Independence" Robert Kiyosaki
Amazing strategies to turn your Your Debt to Wealth!!
Have you ever felt like you are in a rut!!! You are constantly drowning in a pool of debt. You have too much month at the end of your money. Many people truly want to turn their debt to wealth, but do not know what to do.
Change your Attitude about money and debt is the First Strategy to Turn Your Debt To Wealth!
Your attitude determines your altitude. Don't let your possessions define who you are. Remember short term gains leads to long term pains. If you will change your attitude about debt, you will create a better future with your finances. I understand that this is much easier said than done especially considering the fact that I was in debt over $500,000. Realize that it is absolutely possible to turn your debt to wealth.
Debt is a confidence destroyer. Wealth is a confidence builder. Believe me, I know because I was heavily in debt for a looooong time. It wasn't until I realize how much pain my evil spendthrift desires were causing my family, my wife and children. How much agony I was putting them through because I could not control my spending. I realize that my uncontrollable desires of freely using my credit cards was destroying and breaking my family apart to shreds. By spending foolishly, I was taking food away from my children's mouth.
The bills kept piling in. My wife was working a full time job, however, the money that she was making was used to pay my credit cards and personal debt. I couldn't explain to my children why their clothes got smaller while they were getting bigger. This was a horrific nightmare. 3 homes Foreclosed, Multiple School Loans over $100,00, and over $50,000 in Consumer Loan Debt. I was hoping that this nightmare would one day be over.
Turning my Debt to Wealth Was Ultimately Up to ME!!!
Finally I had a breakthrough. Like everything in life, I started this nightmare it is ONLY up to me to end it. There is a way to turn my current debt to wealth. I had to change my attitude and the pain that I receive after seeing my family suffer in many ways MUST be greater than my desire to foolishly spend money. As a result of my change in attitude, I eliminated all my BAD debt and now own over 25 companies and numerous VERY Successful Online Companies. BUT,
Cutting Up Your Credit Cards is one of the Most Effective Debt to Wealth Strategy that you can Begin NOW!!!
Your Credit Cards are consumer Cocaine. Have only one for Emergencies especially for these 1 "What if" scenarios that we are all susceptible to. If you are going to keep one, make sure that they have no annual fees. Until you are able to control your short term desires, do not have any credit cards in your possession. Remember, using Credit always makes things cost more, therefore, get rid of them.
Manage Your Spending is the Next Debt To Wealth Strategy that you MUST master, before It Masters You!!
If you cannot afford to buy in Cash, YOU CANNOT AFFORD IT. Plain and simple. You must learn how to make compound interest work for you, NOT against You. Compound interest works against you when you are in credit card debt, consumer loan debt (vehicles etc.), mortgage debt. Everytime you pay in debt and pay interest every month on that interest; the interest with your accumulating debt on a monthly basis is compounding over time.
These simple yet profound impactful debt to wealth strategies will alter your financial status.
In this article, you have learned three simple strategies that will help you to turn debt to wealth. Everything big in life begins with the first step. Take the first state by changing your attitude.
Remember Never, ever, ever, ever give up:
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