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    The Debtinator: A Step-By-Step System to Eliminate Your Debt
    The Debtinator: A Step-By-Step System to Eliminate Your Debt
    The Debtinator: A Step-By-Step System to Eliminate Your Debt
    Ebook58 pages36 minutes

    The Debtinator: A Step-By-Step System to Eliminate Your Debt

    By iMoneyCoach

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    About this ebook

    Are you struggling with debt, wanting to get out, but aren’t sure how? Or maybe you’ve tried unsuccessfully, paying a little extra to all of your debts each month, but can’t get the traction you need to get anywhere.

    The Debtinator walks you through a proven system that will help you build a plan for eliminating your debt as fast as possible. And the Debtinator will help you understand the simple principals of getting out of debt like paying the minimums on all of your debts and not focusing on interest rates.

    Getting out of debt is the first step to taking control of your finances. Following the plan in this book will give you the confidence and motivation and knowledge you need to keep working towards loving your life and achieving financial freedom.

    LanguageEnglish
    PublisheriMoneyCoach
    Release dateFeb 20, 2011
    ISBN9781458003362
    The Debtinator: A Step-By-Step System to Eliminate Your Debt
    Author

    iMoneyCoach

    iMoneyCoach exists to reclaim America’s Financial Freedom and bring people to a place where they can honestly say, “I love my life!” We believe that money is the smallest part of your finances, and in order to make your finances work it is important to examine the different areas of your life and create balance.We have a variety of ways to help you do this, including books, workbooks, a proven debt elimination system, a free online resource center, and our online interactive financial training courses. See http://www.imoneycoach.com to learn more and take the first step towards improving your financial future.”

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      Book preview

      The Debtinator - iMoneyCoach

      The Debtinator

      ~

      A Step-By-Step System to Eliminate your Debt

      By iMoneyCoach

      Published by iMoneyCoach at Smashwords

      Copyright 2010 iMoneyCoach

      Discover other iMoneyCoach titles at Smashwords.com

      Smashwords Edition, License Notes

      This ebook is licensed for your personal enjoyment only. This ebook may not be re-sold or given away to other people. If you would like to share this book with another person, please purchase an additional copy for each recipient. If you’re reading this book and did not purchase it, or it was not purchased for your use only, then please return to Smashwords.com and purchase your own copy. Thank you for respecting the hard work of this author.

      Cover design by B POSITIVE INC

      For more information, visit iMoneyCoach.com

      Table of Contents

      Introduction and Workbook Summary

      Section 1: Understanding Debt

      Section 2: Defining Your Debtinator Margin

      Section 3: The Debtinator System

      Section 4: Next Steps

      A Final Note

      ******

      Introduction and Workbook Summary

      Debt is an alarming problem in our society.

      Debt is far too common in our country. At iMoneyCoach we believe you can become debt free and successfully manage your money.

      Everything we do is affected by money and how we handle money. From going to the store, to mowing the lawn, to taking the kids to school - money plays a part.

      Freeing yourself from debt is one of the first steps to taking control and improving how you handle money.

      Our goal for you (and hopefully your goal for you) is to be debt free now and in the future. Then you can begin to build your financial freedom. Getting out of debt need not be an overwhelming process. When you remove the emotion from it, it is really just focused effort and simple arithmetic.

      Let us look at the current debt epidemic and what being debt free can mean for you…

      Reality Check

      Debt is an Alarming Epidemic in Our Country.

      Debt – America’s Burden

      America is currently facing its highest debt black hole, in history with a total of $48 trillion. Lest that become a meaninglessly huge figure to skim over, that breaks down to $161,287 per man, woman and child--or $645,148 for a family of four.

      While this figure includes home mortgages and car loans, over $9,000 per family represents credit card debt.

      How are we keeping up with all this debt? We are not!

      Research shows that 47% of households have been called by a bill collector in the past year. Almost half of households missed, or were late with a payment, resulting in late fees that average $39 each.

      Most companies also penalize cardholders after only one late payment by increasing the interest rate significantly. This means that households with the average amount of credit card debt would pay an additional $1,100 each year. This causes

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