Author: Alan Jenks

Help, I have fallen down a mountain of debt and I can’t get up. Ah yes the assault on Mt. Joneses, and another consumer, brick house
, has crashed to the bottom of the debt pile. Well, now what? The first things is look around and you will likely see most of your friends, banker, lawyers, accountants, brick, brick house
, layers, you name it and they are at the bottom of the debt mountain also.

Not that you want to be in the poor-as-a-church-mouse club but it is, brick house
, nice to know some of the people spouting off information on how to be wealthy are as poor or even broker than you are. What do you do now? Get a plan. You will likely never leave the bottom of the mountain without a map to the top of financial freedom.
Step one of the plan is get, brick house
, it through your head this is going to be tough for a couple of years.

Not tough like hauling bricks or chopping wood, it is worse. The kind of tough where you go to your other broke friends house and that (*&#*) has the new wide screen, brick house
, TV and you CAN NOT GO GET ONE! Think you can handle a couple of years of that? If you can then the rest of your life you can have whatever you want.
You, brick house
, see debt or wealth both can self generate, meaning you can get in so much debt that the interest makes more debt and it just keeps growing.

Or you can get enough money that it generates interest and makes you more money and it keeps growing. It just depends which end of interest you want to be on.
If you are in debt you will have to first climb the mountain and get to the good side of interest. Here is some way to do it, get ready these are likely things you are not doing now and at first you likely will not like, at all. I hope for your sake you have had enough of being broke, poor and miserable and are ready for a climb to the top.

Track your spending for one to two months. Where the heck is your money going? If it is not shelter, food or personal necessities start looking to stop those expenses. You need a place to sleep, food to eat and some toothpaste. You do not need a coffee and donut in the morning, or a magazine a week or a few, brick house
, beers with the guys at the pub. It really is the tough thing to do, I call it roughing it.

You mean no more high-speed Internet, heck, if your debts are so high no Internet at all. Go to the library and use their Internet and computer until your debts are under control. Ouch.
Okay spending is under control, you have a bit of money left after the month is over, wow what a change. What are you going to do with it? No, not reconnect the cable TV, you are going to pay off your debts. Normally credit card debts are, brick house
, the best place to start.

In our e-book we have a great plan to do that. Basically it is, find the one with the highest interest rate and lowest total amount and pay it off as fast as you can. Then go to the next one, and while you are at it, cut up the credit cards with the highest interest rates and balance amounts.
When, brick house
, you’ve got your spending under control, credit card debts are at zero at the end, brick house
, of every month, now start looking around for any other financial debts and go after paying them off.

Once you have your debts down to the ground level start looking into investments. Find an investment you like the look of and become an expert on it long before you invest any of your money into it. Take the time to know what is really going on with it. If you cannot figure out what is going on, then move onto something you can do. Never think your education level is important. One of the most successful stock traders I know his only other job in life was a tree planter from age 18-21.

The most successful real-estate investor barely passed high school, the richest person I know quite school at age 15. Of course if you do have a degree, you also can be a success, but don’t think in the world of hard knocks that your degree buys you any slack.
Once you have some investments working for you, you will see how interest can be your friend as those investments grow. When they really get going and you only go to a job because you really enjoy it, hey that’s a great life.

I have been doing that life for 9 years now and I cannot wait to see you at the top of the financial mountain, good luck.
Larry, Alan & Ward are the Three Amigos who developed simple strategies for debt elimination. Learn their strategies at www.winthedebtgame.com

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