Red To Green Ebook

From RED to GREEN
Eliminate Your Debts, Build Wealth, and Achieve Your Dreams
Adam Mortimer
Copyright 2012 Adam Mortimer All Rights Reserved
From RED to GREEN

Eliminate Your Debts, Build Wealth, and Achieve Your Dreams
Published By: Adam Mortimer
Copyright 2010 Adam Mortimer. All rights reserved. o part o! this boo" may be reprodu#ed i$ a$y !orm or by a$y mea$s %ithout permissio$ !rom the publisher.
CON EN !
"# GE O$ OF %E &RA RACE'############################################################### ( )# () DEB E*+M+NA +ON !Y! EM########################################################## "( ,# M+**+ONA+RE M+ND#################################################################################,) -# !A.E AND MA/E MORE##########################################################################,0
D+!C*A+MER
Please $ote that mu#h o! this publi#atio$ is based o$ perso$al e&perie$#e a$d a$e#dotal evide$#e. Although the author a$d publisher made every reaso$able attempt to a#hieve #omplete a##ura#y o! the #o$te$t i$ this 'uide( they assume $o respo$sibility !or errors or omissio$s. Also( you should use this i$!ormatio$ as you see !it( a$d at your o%$ ris". )our parti#ular situatio$ may $ot be e&a#tly suited to the e&amples illustrated here* you should ad+ust your use o! the i$!ormatio$ a$d re#omme$datio$s a##ordi$gly.
A$y trademar"s( servi#e mar"s( produ#t $ames or $amed !eatures are assumed to be the property o! their respe#tive o%$ers( a$d are used o$ly !or re!ere$#e. ,here is $o implied e$dorseme$t i! %e use o$e o! these terms.
othi$g i$ this 'uide is i$te$ded to repla#e #ommo$ se$se( ta&( legal( !i$a$#ial or other pro!essio$al advi#e( a$d is mea$t to i$!orm a$d e$tertai$ the reader. -o have !u$ %ith .rom R/0 to 'R// ( a$d !ree yoursel! !rom 0/B, a$d live the li!e you have al%ays dreamed o!1
ME!!AGE FROM %E A$ %OR

2ello( 34m Adam Mortimer. 3 have bee$ #oa#hi$g stude$ts o$ ho% to get out o! debt a$d a#hieve their !i$a$#ial goals !or years1 3 have perso$ally helped thousa$ds o! stude$ts !rom all arou$d the %orld pay o!! all o! their debts i$#ludi$g their mortgages i$ as little as !ive years1 3 %as raised by a !ather %ho %as( a$d still is a$ e$trepre$eur. 3 have parti#ipated i$ gro%i$g a multi5millio$ dollar publishi$g #ompa$y1 6si$g the pri$#iples i$ this boo" 3 have ta"e$ my savi$gs !rom 10 per#e$t( to 70 per#e$t1 ,his has allo%ed me to spe$d more time %ith my !amily a$d do %hat 3 love doi$g most. ,ravel the %orld1 6si$g the pri$#iples i$ this boo" 3 %as able to pay o!! all o! my debts. 3 #urre$tly have 28 streams o! i$#ome( ma$y o! %hi#h ma"e me mo$ey i$ my sleep1 May the pri$#iples i$ this boo" bless your li!e as it has mi$e1 'od Bless you a$d your loved o$es1
+N ROD$C +ON
9:hat ever the mi$d o! ma$ #a$ #o$#eive a$d believe( the mi$d o! ma$ #a$ a#hieve.9 5 apoleo$ 2ill
:hat i! 3 #ould tea#h you ho% to stop livi$g pay#he#" to pay#he#"( a$d live a li!estyle o! true abu$da$#e; :hat i! you #ould travel more( a$d spe$d more time %ith !rie$ds a$d !amily; :hat i! you #ould give more time a$d mo$ey to the #auses that are importa$t to you; :hat i! by doi$g some small a$d simple thi$gs you #ould tra$s!orm your !i$a$#ial li!e !orever; :ould you be i$terested; :hat i! 3 told you that you #a$ do this eve$ i$ a do%$ e#o$omy; Read a bit a$d 3 promise you( you are goi$g to %a$t more1
C%A1 ER ONE
GE O$ OF %E &RA RACE'
,he !irst <uestio$ that 3 have !or you is %hat does it mea$ to be %ealthy; Ma$y
believe that %ealth is havi$g all the toys( the big house a$d the e&pe$sive #ars. 3 have "$o%$ ma$y o! these types o! people that have all o! this stu!!( a$d they are still bro"e1 ,here is a sayi$g i$ ,e&as( =large hat but $o #attle(> this sayi$g depi#ts the types o! people that %ear the $i#e #lothes drive the !ast #ars but they do $ot o%$ a$ythi$g. ,hey are ma"i$g payme$ts o$ all o! those thi$gs. 3s that %ealth; 3! those people %ere to stop %or"i$g( they %ould be o$ the streets !aster tha$ a$yo$e else.
3 de!i$e %ealth di!!ere$tly tha$ most people. .i$a$#ial i$depe$de$#e to me( is %here %or" is optio$al( a$d leisure is a!!ordable. ,here is a really easy %ay o! measuri$g your !i$a$#ial i$depe$de$#e. 3 do it by as"i$g my stude$ts a very simple <uestio$( =ho% lo$g #ould you mai$tai$ your #urre$t sta$dard o! livi$g %ithout %or"i$g;> 2o% lo$g #ould you survive %ithout havi$g to dip i$to lo$g term savi$gs a##ou$ts li"e your retireme$t; Could you last at least si& mo$ths to a year; 3! you
#a$$ot last that lo$g( the$ you are at ris". :hat %ould happe$ i! you lost your +ob or i! you get si#" or somethi$g happe$s; 0o you have the $e#essary #ushio$ to prote#t yoursel!; 3! the a$s%er to that is $o( do$?t %orry( 3 have the solutio$ to your problem.
)ou $eed to start payi$g yoursel! !irst.
o% a lot o! people have heard the sayi$g
by Be$+ami$ .ra$"li$ that( =a pe$$y saved is a pe$$y ear$ed.> Most people do $ot u$dersta$d e&a#tly %hat it mea$s. @$e o! my stude$ts %as a do#tor( a$d he %as ma"i$g a large amou$t o! mo$ey. :he$ 3 as"ed him ho% mu#h he %as ma"i$g every year he said %ith a proud to$e i$ his voi#e( =3 ma"e A00(000 dollars a year.> A!ter he had told me ho% mu#h mo$ey he =ma"es(> 3 as"ed him ho% mu#h o! that %as he savi$g every year. ,here %as a lo$g pause o$ the pho$e the$ he said sheepishly( =$othi$g.> 3 the$ as"ed him agai$( =so ho% mu#h are you really ma"i$g;> 2e the$ said( =)ou mea$ to tell me that 3 o$ly ma"e %hat 3 save;> 3 told him that he %as #orre#t( =you o$ly ma"e %hat you save.> :hat 3 am goi$g to sho% you is ho% to do some simple thi$gs that %ill help you !orget your mo$ey problems1 W%ERE ARE YO$ NOW
3! you do $ot "$o% %here you are $o%( ho% are %e goi$g to get you to %here you %a$t to be; :e must "$o% %here you are at this poi$t i$ your li!e !i$a$#ially. Most
people "$o% ho% mu#h they are bri$gi$g i$ ea#h mo$th( but most people do $ot "$o% ho% mu#h is goi$g out the door ea#h mo$th. B$o%i$g ho% mu#h is #omi$g i$ is importa$t( a$d most people do "$o% this( but ho% ma$y people really ta"e the time to see %hat is goi$g out the door ea#h mo$th; 3magi$e i! a busi$ess did $ot tra#" all o! their e&pe$ses. Could a busi$ess last very lo$g %ithout "$o%i$g %hat %as #omi$g i$ a$d %hat %as goi$g out; 3! you do $ot tra#" your e&pe$ses already( the$ do%$load a mo$ey tra#"i$g app o$ the itu$es store. ,his %ill help you "eep tra#" o! your mo$ey automati#ally. 3 love te#h$ology1
,ra#"i$g helps to e$sure that you do $ot have a$y magi# mo$ey. Mo$ey that is $ot a##ou$ta$t !or be#omes magi# mo$ey be#ause it +ust disappears. 2avi$g a good ha$dle o$ your #ash !lo% is #ru#ial1 Also( havi$g a good idea o! %hat your $et %orth is is also a good idea. et %orth is simply your assets mi$us your liabilities( or a$other
%ay to put it( %ould be %hat you o%$ mi$us %hat you o%e. .iguri$g out your $et %orth #a$ be a great starti$g poi$t1 DEC+DE %A YO$ WAN O BE WEA* %Y
2ave you made a de#isio$ that you %a$t to be %ealthy; 3! you have $ot( de#ide $o% that you are goi$g to do %hat it ta"es to gai$ the $e#essary "$o%ledge to a#<uire
%ealth. ,here is a great poem !rom the boo" Think and Grow Rich by apoleo$ 2ill that states:
I bargained with Life for a penny, and Life would pay no more, however I begged at evening when I counted my scanty store. For Life is a ust employer, !e gives you what you ask, but once you have set the wages, why, you must bear the task. I worked for a menial"s hire, only to learn, dismayed, that any wage I had asked of Life, Life would have willingly paid.
Cet?s bargai$ %ith li!e !or a lot more tha$ a pe$$y. Cet?s as" !or prosperity1 0e#ide $o% that you %a$t to be %ealthy. Create your o%$ %ealth #o$tra#t li"e the o$e belo%.
3 DDDDDDDDDDDDDDDDDDD EFirst and *ast NameF de#ide here a$d $o% to be %ealthy. 3 am %illi$g to do %hat it ta"es to rea#h this goal. 3 %ill be persiste$t a$d 3 %ill $ot let the !ear o! !ailure stop me !rom a##omplishi$g my ultimate goal o! !i$a$#ial !reedom.
!i2nature 3333333333333333333333333
Date 333333333333333333333333333
C$ $1 %E CRED+ CARD! AND ! O1 +NC$RR+NG NEW DEB !
)our !irst step to%ards debt elimi$atio$ a$d %ealth #reati$g is to stop i$#urri$g a$y $e% debt. 3$ order to get out o! the hole you $eed to stop diggi$g a$d !i$d a %ay to get out1 ,he purpose o! this program is $ot to be a short term !i&. :e are $ot loo"i$g to +ust put a ba$d aid o$ your debts. :e %a$t to #ompletely heal you !rom this disease %e #all debt. -top a$d thi$" about everythi$g that you buy. As" yoursel!( is this a $eed or a %a$t. 3! it is a $eed( have you as"ed !or a better deal; 2ave you made up your mi$d that you are $o lo$ger goi$g to pay !ull pri#e !or a$ythi$g; Be!ore you buy a$ythi$g(
it is importa$t to as" yoursel!( is this pur#hase getti$g me #loser to my goals or is it movi$g me !urther a%ay !rom my goals.
3! you are li"e most people( a big part o! your debt is !rom #redit #ard spe$di$g. 3 %a$t you to stop usi$g #redit #ards today a$d use o$ly #ash. 3t has bee$ prove$ time a$d time agai$ that %he$ people use #ash( they %ill spe$d less mo$ey. ,he reaso$ is that #ash !eels more real a$d that ma"es it harder to part %ith. ,he o$ly #redit #ard that you should "eep should be !or emerge$#ies @ C)1
Co$#er$i$g #redit #ards( ma$y people say( =:hat i! 3 pay o!! the bala$#e every mo$th i$ !ull so that 3 #a$ get poi$ts or !lyer miles( #a$ 3 use my #ards the$;> 3! this is %hat you are doi$g( 3 %ould as" you the !ollo%i$g <uestio$: 0o you "$o% ho% mu#h those poi$ts are really %orth; @$ average( su#h poi$ts are %orth about a hal! a pe$$y to o$e pe$$y ea#h. 3$ other %ords( you $eed to spe$d 100 to 200 dollars i$ order to get o$e dollar ba#". Credit #ard #ompa$ies use these promotio$s as gimmi#"s to ma"e you spe$d mo$ey a$d ear$ them more mo$eyGa$d it %or"s1 3 advise you to stop usi$g #redit #ards eve$ i! you use them o$ly to ear$ poi$ts a$dHor !lyer miles. )ou are starti$g a $e% +our$ey( a +our$ey that re<uires #ash o$ly1
3! you really %a$t somethi$g( you $eed to #ommit yoursel! to %ait u$til you have the #ash to pur#hase it. 'et out o! the =3 %a$t it $o% mi$dset.> -top usi$g #redit #ards a$d stop i$#urri$g a$y $e% debts1
MY %! ABO$ DEB
,here are those %ho believe that people %ill al%ays have #redit #ard payme$ts( #ar payme$ts( a$d mortgage payme$ts. :ell( 3 have $e%s !or you( this is a big myth. ,here is a pla$ that thousa$ds o! people use to get themselves out o! debt so !ast( it4s
!a$tasti#1 @$ average( people %ho use this system ge$erally elimi$ate all o! their debts i$ less tha$ si& years. A$d those si& years i$#ludes the mortgage. As you start do%$ your path to%ards payi$g o!! your debts you %ill al%ays ru$ i$to the people that %ill try to tell you %hy it #a$?t be do$e. Ma$y o! them si$#erely believe that you #a$$ot pay o!! your debts that !ast simply be#ause they have $ever do$e it.
3magi$e i! you %ere #ompletely debt !ree. ,a"e a mi$ute to stop a$d thi$" ho% mu#h mo$ey that %ould !ree up !or you. 3t typi#ally %ill #ut your livi$g e&pe$ses i$ hal!. ,hat #ould be <uite a bit o! mo$ey. ,he <uestio$ is( are you %illi$g to live @: the %ay most people :@ ?,( so that you #a$ live the rest o! your li!e C3B/ most people CA ?,; Are you %illi$g to do %hat it ta"es; 3! you are( the$ you are about to lear$ a system that is so po%er!ul you %ill be able to o%$ everythi$g i$ your li!e i$stead o! +ust re$ti$g it.
/limi$ati$g your debts is easy. ,he "ey to payi$g o!! debts is !i$di$g a pla$ a$d a li!estyle that %or"s !or you a$d sti#"i$g to it. .i$di$g a bala$#e is #ru#ial. Also( havi$g the mi$dset that this is a maratho$( a$d $ot a spri$t( is importa$t. Ci"e 3 said( you #ould be #ompletely debt !ree i$ less tha$ si& years( but that is still si& years. ,hat is $ot tomorro%. Ma$y people have the I want it now mi$dset. ,hey are $ever able to a##omplish lasti$g su##ess be#ause they are $ot %illi$g to ma"e the sa#ri!i#es $e#essary
to a##omplish their lo$g5term goals. :ith this program you %ill see results a$d !eel it right a%ay but your overall su##ess %ill $ot be #ompleted over$ight. Bei$g e&#ited about the program is #ru#ial. )ou must also realiIe that this should be a li!e #ha$gi$g e&er#ise. ,his is $ot a <ui#" !i&. ,his boo" should help you #ha$ge the %ay you use mo$ey !or the rest o! your li!e.
CAR! AND %O$!E!
-ome o! your largest e&pe$ses %ill most li"ely be !or automobiles a$dHor houses. )ou have to as" yoursel!( ho% mu#h are these thi$gs really #osti$g me; Most people o$ly thi$" about %hether or $ot they #a$ a!!ord the mi$imum mo$thly payme$ts. )ou do $ot %a$t to thi$" this %ay. )ou %a$t to see the big pi#ture. )ou %a$t to as" yoursel!( %hat is the total #ost o! your #ar a$d the total #ost o! your house; 3! you have a J0 year home loa$( simply times J0 by 12 a$d you get J70 mo$ths. o% times J70 by the
mo$thly payme$t. ,his #a$ help you to ma"e a %ise de#isio$ by seei$g the total #ost o! the loa$ rather tha$ !o#usi$g o$ly o$ the mo$thly payme$ts.
0o you "$o% %hat the %ord mortgage mea$s; Mort mea$s death a$d gage mea$s grip. Mortgage le$ders have a !i$a$#ial death grip o$ you. @ur +ob is to !ree you !rom their death grips a$d elimi$ate you !rom the bo$dage o! debt1 2o%ever( there are
those %ho say that i! they pay o!! their mortgage they %ill lose the great ta& dedu#tio$s that a mortgage provides. My respo$se to that %ould be( %hy %ould you %a$t to give the ba$"s a dollar o$ly to get about a <uarter !rom 6$#le -am; 3! you still !eel li"e you really %a$t that ta& dedu#tio$( the$ pay o!! your house a$d se$d %hat %ould have bee$ your mortgage payme$t to your !avorite #harity.
,here are some great #al#ulators that #a$ help you to determi$e the total #ost o! your loa$s E$ot +ust your mi$imum mo$thly payme$tsF. .or e&ample( most le$di$g i$stitutio$ %ebsites %ill have a$ amorti#ation calculator %here you #a$ determi$e the total #osts !or mortgages. Cet?s say you %a$t to pur#hase a K200(000 house %ith a J05 year !i&ed5rate loa$ at 7.AL i$terest. A$ amortiIatio$ #al#ulator %ill tell you that your payme$ts %ould be about 1(27A dollars. But more importa$tly( the #al#ulator %ill tell you that the total i$terest you %ould pay %ould be +ust over 2AA(000 dollars1 ,here!ore( you %ould pay more i$ i$terest !or the house tha$ you %ould !or the pri$#iple. :ould you really %a$t to give 8AA(000 dollars ba#" to the ba$" o$ a 200(000 dollar loa$1
Buyi$g a $e% #ar #a$ a$d o$ly ma"i$g mi$imum mo$thly payme$ts #a$ also be detrime$tal to your lo$g5term %ealth. ot o$ly be#ause o! the i$terest you %ill pay o$ the #ar( but be#ause o! ho% !ast #ars depre#iate i$ value. Cars drop i$ value li"e the #urre$t sto#" mar"et does. -o %hy $ot buy a used #ar that has already ta"e$ the huge
depre#iatio$ hit. )ou %ill get a great #ar %ith a lot o! miles le!t o$ it !or hal! the pri#e o! a $e% #ar. Buyi$g a used #ar %ill give you additio$al mo$ey that you #ould use to%ards your debt elimi$atio$ a$d !i$a$#ial !reedom.
.or e&ample: 3 had a stude$t that bought a gas guIIli$g -6M. -he !i$a$#ed the #ar !or about A0 thousa$d dollars. ,he mo$thly payme$ts %ere arou$d N00 dollars. :e determi$ed that the -6M %as goi$g do%$ i$ value about N00 dollars a mo$th. -he %as also spe$di$g about 200 dollars a %ee" o$ gas. :he$ %e ra$ the $umbers a$d she sa% %hat that o$e vehi#le %as #osti$g her( 2800 dollars a mo$th( she sold the -6M a$d bought a more gas e!!i#ie$t used #ar. ,his greatly i$#reased her #ash !lo% ea#h mo$th allo%i$g her more #ash to i$vest i$ her debts a$d !ree up eve$ more #ash !lo% !or her bright !i$a$#ial !uture. 2er $e% payme$t a$d gas by the %ay %as about 800 dollars a mo$th. A savi$gs o! 2000 dollars mo$thly1
C%A1 ER WO
() DEB E*+M+NA +ON !Y! EM
:hat is the O2 0ebt /limi$atio$ -ystem EO2 0/-F; ,his is the !astest %ay to get you
#ompletely debt !ree( besides %i$$i$g the lottery. ,he O2 sta$ds !or the mo$ths it ta"es the average perso$ to get out o! debt everythi$g i$#ludi$g the big !at mortgage1 2o% does it %or"; 3magi$e a s$o%ball rolli$g do%$ a hill getti$g bigger a$d bigger as it goes. O2 0/- uses the po%er o! focus to elimi$ate your debts as <ui#"ly as possible. Most people( %he$ they try to get out o! debt( pay a little e&tra to all o! their debts.
,his is the slo% a$d !rustrati$g %ay to pay o!! debts. 3magi$e a mag$i!yi$g glass %he$ it is out o! !o#us: it does $ot have mu#h stre$gth. But %he$ it is !o#used( it has the po%er to set thi$gs o$ !ire. ,hat is %hat 3 %a$t you to do: !o#us all available resour#es o$ o$e debt at a time u$til it #at#hes !ire( the$ move to other debts a$d do the same thi$g. .or e&ample( say you had 200 dollars e&tra at the e$d o! the mo$th that you #ould apply to%ards your debts Ethis %ould be your 0/- $umberF a$d the !irst debts mi$imum payme$t is J00 dollars. ,hat mea$s you %ould pay the mi$imum J00 dollars plus the
200 dollars e&tra: !or a total o! A00 dollars . @$#e that debt is paid o!!( you $o% have A00 additional dollars to !o#us o$ the $e&t debt Ethat has a 100 dollar mi$imum payme$tF. o% you %ould pay the A00 dollars plus the 100 dollars o$ the se#o$d debt !or a total o! K700. ,hus( as ea#h debt is paid o!!( you apply your ever5i$#reasi$g 0/$umber to ea#h debt u$til they are all paid o!!.
,his snowball effect #o$ti$ues u$til you are #ompletely debt !ree. ,hat is ho% this po%er!ul system %or"s. )ou are goi$g to %or" o$ !i$di$g your 0/- $umber a$d apply it to your debts. ,his is a po%er!ul tool. :he$ mi&ed %ith focus( you #a$ elimi$ate your debts !aster tha$ you ever thought possible1
DEF+NE %E DE! N$MBER
.or most people( determi$i$g their 0/- $umber is usually the hardest step. -ome people do $ot have steady i$#omes( %hi#h ma"es it di!!i#ult to determi$e a consistent 0/- $umber. 3! this is you( my advi#e is to do the best you #a$ a$d estimate a 0/$umber you thi$" you #a$ a!!ord o$ a #o$siste$t basis. 3! you do have a steady i$#ome( this pro#ess %ill be easier !or you. A good starti$g poi$t !or a 0/- should be at least 10 per#e$t o! your i$#ome* but this is o$ly a starti$g poi$t. @bviously( i! you %a$ted to get out o! debt !aster( it %ill re<uire a greater amou$t. -o begi$ by e&ami$i$g your #ash
!lo%. Cash !lo% is simply mo$ey in the door a$d mo$ey out the door. 0etermi$e %hat #omes i$ a$d out every mo$th. E,his is %here a$ e&pe$se tra#"er is ha$dyF. )ou #a$ do%$load a$ e&pe$se tra#"i$g app or you #a$ do it the old %ay o! +ust %riti$g do%$ %hat mo$ey #omes i$ a$d subtra#ti$g out %hat goes out the door to get your $et #ash !lo% !or the mo$th. 3t may ta"e you a %hile u$til you !eel you have a good ha$dle o$ your #ash !lo%( usually about 70 days. Be persiste$t as you tra#" your e&pe$ses. 3$ the %ords o! my me$tor( 9,here is $o substitute !or persiste$#e.9
!$1ERC%ARGE YO$R DE!
,here are really o$ly t%o %ays to speed up ho% !ast your 0/- pla$ %or"s !or you. ,he !irst %ay is to redu#e your e&pe$ses. ,he se#o$d %ay is to i$#rease your i$#ome. )ou may %a$t to thi$" o! redu#i$g your e&pe$ses as havi$g a part time +ob. -avi$g mo$ey should be a $atural stream o! i$#ome !or you. Remember the sayi$g by Be$+ami$ .ra$"li$( = A pe$$y saved is a pe$$y ear$ed.> 3t does $ot hurt or eve$ #ost you a$ythi$g to as" !or a better deal( or to use the magi# %ords( =is that the best you #a$ do;> 0o your best to @, pay retail !or a$ythi$g.
,here are so ma$y thi$gs that you #a$ do to redu#e your e&pe$ses. A big part o! !i$a$#ial pea#e #omes !rom #o$trolli$g your spe$di$g a$d $ot +ust ma"i$g more mo$ey.
Most give so mu#h atte$tio$ to ma"i$g more( a$d so little to %hat is goi$g out the door( they !i$d themselves i$ !i$a$#ial troubles very <ui#"ly be#ause o! this. .or them the sayi$g is true( =the more they ma"e the more they spe$d.>
,here are ma$y areas that you #a$ loo" i$to to redu#e your e&pe$ses so that you #a$ i$#rease your 0/- payme$t. ,here are thi$gs li"e bad habits o! smo"i$g( dri$"i$g a$d gambli$g. 'etti$g rid o! big liabilities li"e boats a$d RMs are also great %ays to i$#rease your 0/- payme$t. :at#h out !or some o! the #ommo$ areas that stude$ts struggle %ith( mai$ly di$i$g out a$d gro#eries. 3! you are struggli$g o$ the !ood bill( there are a !e% simple tips that #a$ save you hu$dreds o! dollars. 3 %ill dis#uss all o! these tips i$ detail latter o$.
-o ho% do you determi$e your 0/- $umber; 3t is a$y left over money that you have a!ter you pay all o! your e&pe$ses. 3$ the e&ample that 3 +ust gave( the 0/- $umber started out at K200( but it <ui#"ly gre% to over K700 as ea#h debt %as paid o!!. E:e %ill dis#uss later ho% to !i$d your parti#ular 0/- $umberF. But !irst( let?s ma"e sure you "$o% e&a#tly ho% the debt elimi$atio$ system %or"s.
,he !irst thi$g you %a$t to do is ma"e a list o! all o! your debts. e&t to the $ame o! the debts( %rite out the bala$#e a$d the mi$imum payme$ts due. ,he $e&t step is to
divide ea#h bala$#e by its mi$imum payme$t( %hi#h %ill give you %hat 3 #all a $ayoff priority number. o% ra$" the debts !rom the lo%est to the highest priority $umber or divisio$ a$s%er. ,he debt %ith the lo%est priority $umber is the debt that you %a$t to pay o!! !irst. 3$ other %ords( !o#us the 0/- $umber to%ards your !irst payo!! priority debt. @$#e that debt is paid o!!( !o#us your $e% 0/- $umber o$ the $est priority debt.
o% %e $eed to determi$e ho% to #ome up %ith a O2 0/- date or i$ other %ords a debt !ree date. ,here is real po%er i$ putti$g a date by your goals. 3t #a$ help motivate you to get the +ob do$e. 3t4s a lot more e&#iti$g i! you #a$ see the light at the e$d o! the tu$$el a$d that is %hat a debt !ree date %ill do !or you. ,he <uestio$ is ho% you determi$e your 0/- date. @$#e you have determi$ed your payo!! priority the $e&t step is to determi$e the 0/- $umber.
@$e o! the "eys to setti$g a good 0/- $umber is to !i$d a 0/- $umber that you #a$ do #o$siste$tly. 3 %ould rather set a 0/- $umber that 3 #a$ do #o$siste$tly rather tha$ o$e that is too lo!ty that 3 might $ot be able to do #o$siste$tly. @$#e you have set your 0/- $umber the $e&t step ta"es a little math. o% i! you are $ot good at math do
$ot %orry 3 %ill ma"e this as easy as possible !or you. 2ere is %hat you do. )ou start %ith priority $umber o$e a$d you add t%o thi$gs( the mi$imum payme$t o$ that debt( a$d the 0/- payme$t. @"ay( so let me give you a$ e&ample: Cet?s say that our !irst pay
o!! priority debt or the debt %ith the lo%est divisio$ a$s%er is the visa. ,he bala$#e o$ the visa is 1000 dollars a$d the mi$imum payme$t is 100 dollars. :rite these $umbers do%$ so you have everythi$g straight. o% i$ this e&ample %e are goi$g to have a$
0/- payme$t o! 1A0 dollars. -o( i! %e did $ot use the 0/- umber our debt !ree date %ould be 10 mo$ths. 1000 divided by 10. 2o% do %e #ome up %ith a debt !ree date o$ the visa i! %e use a 1A0 0/- $umber; :e do it the same %ay( %e +ust add the 0/$umber to the mi$imum payme$t a$d %e divided by 1000.
3! you have a #al#ulator $o% %ould be the time to pull it out a$d use it. 3! %e add the mi$imum payme$t o$ the visa o! 100 dollars to the a##elerator o! 1A0 dollars %e get a $e% payme$t o! 2A0 dollars. o% all %e $eed to do to get a debt !ree date o$ that debt
is divide 1000 by the $e% 0/- $umber o! 2A0. 3! you do that o$ you #al#ulator %hat do you get; )ou get a $e% debt !ree date o! 8 mo$ths i$stead o! 10 mo$ths.
o% let?s say %e had a se#o$d debt. ,his debt is a Master Card. ,he bala$#e o$ this debt is 2000 dollars a$d the mi$imum payme$t is A0 dollars. 3! %e do $ot use the 0/- $umber %hat %ould our debt !ree date be o$ this debt; Remember to +ust divide the 2000 by A0 dollars a$d that %ill give you a debt !ree date o$ that debt o! 80 mo$ths. @ur 0/- payme$t started out at 1A0 dollars( but si$#e you have paid o!! the visa that had the mi$imum payme$t o! 100 dollars it is $o% 2A0 dollars. ,his is %here the po%er
o! the O2 0/- ta"es pla#e. 3$stead o! spe$di$g the 2A0 dollars you !reed up !rom the visa %e are goi$g to roll that 2A0 dollars i$to the $e&t debt. :e %ill roll the 2A0 dollars i$to the Master Card !or a $e% 0/- $umber o! J00 dollars. @ur debt !ree date o$ that debt %e$t !rom 80 mo$ths to 7.O mo$ths. Agai$( 3 did that by dividi$g the $e% 0/$umber o! J00 by the bala$#e o! the master #ard 2000 dollars to #ome up %ith the payo!! date o$ that debt o! 7.O mo$ths.
/&ample:
0/- Payme$t !or this e&ample is J00 0ollars1 E ameFEBala$#eFEMi$ Mo$thlyF E0ivisio$ PFEPayo!! PriFE0/- Payme$tFE0/- 0ateF MC M Auto 2ome 1(000 A(000 J0(000 100 J00 700 10 17.77 A0 77.77 1 2 J 8 800 O00 1J00 2N00 2.A O 2J J7
100(000 1A00
,otal Mo$ths: 7N.A 0ebt .ree 0ate i$ years E7N.AH12F: A.O -o( i! you had the debts above this system %ould sho% you ho% to elimi$ate all o! your debts i$ roughly A.O years( eve$ the mortgage111 2o% #ool is that1;1;1;
@!te$ stude$ts %ill as" me i! you should #o$sider i$terest rates %he$ determi$i$g your priority debts. 3$ other %ords( should you pay o!! the debt %ith the highest i$terest rate !irst; ,his system is so !ast that it ta"es o$e o! the eleme$ts that i$terest rates have agai$st you( time. 3! %e ta"e the eleme$t o! time out o! the pi#ture( you %ill %i$ the !ight agai$st your debts.
3$terest is a$ i$teresti$g thi$g( it does $ot sleep( it does $ot eat( or ta"e a va#atio$. 3t %ill %or" agai$st you 28 hours a day a$d seve$ days a %ee". 3! you u$dersta$d this o$e simple pri$#iple( you #a$ the$ start to ma"e it %or" !or you i$stead o! agai$st you. ,here is a sayi$g about i$terest( =there are those that u$dersta$d i$terest a$d those that do$?t( those that u$dersta$d it %ill ear$ it( a$d those that do$?t %ill pay it. :e %a$t you to start ear$i$g i$terest as soo$ as possible a$d stop payi$g it1
RED$CE YO$R CRED+ CARD +N ERE! RA E!
,here are a !e% strategies to help you redu#e your #redit #ard i$terest rates. ,he pri$#iple is simple( pay as little i$terest as you #a$ to the ba$"s. 3! you %a$t to redu#e some o! your #urre$t #redit #ard i$terest rates( #all the N00 $umber o$ the ba#" o! your #redit #ard. )ou %a$t to try to spea" to a supervisor. 3t is importa$t to ta"e do%$ the
$ames a$d or 30 $umbers o! all the people that you #ome i$ #o$ta#t %ith. ,a"e $otes o$ the thi$gs that they are telli$g you. @$#e you have the supervisor o$ the pho$e you are goi$g to simply say( 3 %a$t you to redu#e my #redit #ard i$terest rates %hat #a$ you do !or me; ,hey may #ome o$ a$d say( =at this time %e #a$ redu#e it by !ive per#e$t.> A!ter they say this you are goi$g to say. =3s that the best that you #a$ do;> @$#e they have respo$ded a$d have said( =yes that is the best that %e #a$ do(> %e are goi$g to give them a$other #ha$#e to lo%er our i$terest rates. :e are goi$g to tell them about all the Iero per#e$t i$terest #redit #ards that %e have bee$ re#eivi$g i$ the mail.
3! they still say that that is the very best that they #a$ do( %e are goi$g to a$d try to get a hold o! a$other supervisor. Be persiste$t( it is $ot u$#ommo$ to have to ma"e a !e% pho$e #alls i$ order to get somethi$g do$e( do$?t give up. 3! a!ter tryi$g they truly %ill $ot redu#e your #redit #ard e&pe$ses( %hat %e are goi$g to do is %hat is #alled a bala$#e tra$s!er. A bala$#e tra$s!er is %here you ta"e the bala$#e o$ o$e #ard a$d tra$s!er it to a$other. ,his #a$ be a good strategy( but you $eed to %at#h out !or a !e% thi$gs. ,he !irst thi$g is you $eed to ma"e sure that you ma"e your payme$t o$ time1 3! you #a$$ot do this( the$ do $ot do the bala$#e tra$s!er. 3! you do ma"e a late payme$t you %ill see that lo% i$terest rate s"yro#"et1
,he se#o$d thi$g( %he$ #o$sideri$g a bala$#e tra$s!er( you $eed to loo" at the
!ees i$volved a$d really %or" o$ "eepi$g those !ees as small as possible. ,ypi#ally #redit #ard #ompa$ies %ill #harge !our to !ive per#e$t o! a bala$#e a$d the$ they %ill have a #ap o! say OA to 100 dollars. 3! there is $ot a #ap you $eed to be #are!ul be#ause you #ould e$d up spe$di$g too mu#h mo$ey o$ the bala$#e tra$s!er. Bala$#e tra$s!ers
#a$ be a really good deal. 3! you are %or"i$g o$ doi$g a bala$#e tra$s!er a$d there are some !ees i$volved %ith it( try #alli$g the #redit #ard #ompa$y to see i! they %ould be %illi$g to %aive the !ees1
,his is a$other tip that #ould pote$tially save you thousa$ds o! dollars. ,he average !amily %ill save about A0 to 100 dollars a mo$th i$ i$terest savi$gs1 :hy give your mo$ey to the ba$"s %he$ you do $ot have to. Che#" out #redit#ards.#om !or bala$#e tra$s!er opportu$ities.
Ma$y people get a ta& retur$ at the e$d o! the year. :he$ they get a ta& retur$( most do $ot realiIe that that retur$ has bee$ a$ interest free loan to 6$#le -am. 6$#le -am loves you !or this( but it hurts your ability to #reate %ealth i$ t%o %ays: !irst( due to i$!latio$( your retur$ %ill be %orth three per#e$t to !our per#e$t less tha$ it %ould have bee$* a$d se#o$d( you lose out o$ a$ opportunity cost be#ause you #ould have put that mo$ey to %or" !or you i$stead. .or e&ample( Cet?s say that you re#eived a ta& retur$ o! 10 thousa$d dollars. 0ue to i$!latio$ your 10 thousa$d dollars %ould be %orth about
800 dollars less. Cet?s also assume that you have a 10 thousa$d dollar debt that is #hargi$g you J0 per#e$t i$terest. 3$stead o! havi$g that 10 thousa$d dollars %or"i$g agai$st you at J0 per#e$t i$terest( you #ould have bee$ payi$g it do%$ to mi$imiIe ho% mu#h i$terest you are payi$g to the ba$"s.
Cet4s add up ho% mu#h havi$g the gover$me$t hold o$to your mo$ey really #osts you. ,here %as a 800 dollar loss due to i$!latio$ a$d a J000 dollars opportu$ity #ost. ,hat mea$s letti$g u$#le sam hold o$to your mo$ey i$terest !ree #ost you about J800 dollars. 3s it really %orth it;
)ou #a$ as" your 2R departme$t !or a :58 !orm or you #a$ pri$t o$e o!! at irs.gov. )ou #a$ also go to the irs.gov %ebsite to help you determi$e your %ithholdi$gs. ,he !astest %ay is to google %ithholdi$gs #al#ulator. ,he !irst %ebsite that should #ome up should be the irs.gov %ebsite. ,here is a %iIard that %ill %al" you through ho% to determi$e the $umber o! %ithholdi$g you should have. 3t is $ot( a$d 3 repeat( it is $ot a good thi$g to get a ta& retur$.
%E E.+*! OF DEB
Mo$ey issues have destroyed !ar too ma$y !amilies a#ross Ameri#a. @$e o! the
mai$ #auses !or divor#es i$ Ameri#a is be#ause o! mo$ey related issues. Mo$ey problems #a$ destroy a home a$d rob good people o! their sel!5esteem. .irst o! all( %e $eed to see debt !or %hat it really is a$d $ot %hat it appears to be. 0ebt( #o$trary to %hat you see o$ ,M is $ot glamorous. Advertisers sho% images o! ho% #ool it is to spe$d mo$ey o$ a #redit #ard. 0o the advertisers ever sho% you the millio$s o! struggli$g !amilies tryi$g to ma"e e$ds meet be#ause o! these high i$terest #redit #ards; o( they o$ly sho% you %hat they %a$t you to see.
,hey $ever sho% you the other side o! the story. ,here is a good reaso$ that they do $ot sho% you the other side( a$d that is be#ause you %ould see debt !or %hat it really is a$d avoid it li"e it %ere a$ epidemi#. 0ebt is a !orm o! slavery. ,he bible states that the 9borro%er is a slave to the le$der.9 EProverbs 22:OF My missio$ is to help you brea" the #hai$s o! debt a$d help you live a debt !ree li!estyle1
%E M+RAC*E AND C$R!E OF COM1O$ND +N ERE!
Credit #ards !or most people are a real "iller. :e are seei$g the #redit #ard #ompa$ies? true #olors duri$g this do%$ time i$ the e#o$omy. ,hey are #hargi$g high late !ees a$d redu#i$g peoples #redit limits to the poi$t that their a##ou$t is ma&ed out so that they #a$ #harge higher i$terest rates a$d late !ees. ,he !ees are bad but $ot $early as
bad as the #urse o! #ompou$d i$terest. Compou$d i$terest is both a mira#le a$d a #urse* it is a mira#le !or those that are ear$i$g it a$d a #urse !or those that are payi$g it.
Cet?s say that you put +ust o$e dollar a day i$to a$ i$vestme$t !rom the day you %ere bor$ u$til the time you rea#h the age o! 70 at a$ 11 per#e$t i$terest rate. ,hat i$vestme$t %ould gro% to be 2.J millio$ dollars. :o%1 ,hat is a lot o! dough. @$ the other ha$d( let?s say that you put a dollar a day o$ a #redit #ard a$d i$stead o! ear$i$g 11 per#e$t you %ill $o% be payi$g 2A per#e$t i$terest. ,hat debt( assumi$g that you +ust let it gro% a$d #ompou$d %ould be about 8 billio$ dollars.
)es( 3 said billio$1 Qust to illustrate ho% big a billio$ is i! you %ere to try a$d #ou$t to a billio$( 3 do$?t re#omme$d doi$g this. )ou %ould $eed to %or" 12 hours a day allo%i$g o$e se#o$d bet%ee$ ea#h $umber as you #ou$ted it %ould ta"e you 7J years. o% lets multiply that by !our a$d %e %ill see that it %ill ta"e us 2AJ years to #ou$t to !our billio$1 3! 3 have $ot yet #o$vi$#ed you o! the mira#le o! #ompou$d i$terest( allo% me to demo$strate ho% this %or"s. 3! you had o$e pe$$y that doubled every day !or J1 days( do you "$o% ho% mu#h that o$e pe$$y %ould gro% to be;
-ee a$ e&ample o! ho% po%er!ul #ompou$d i$terest is o$ the !ollo%i$g page:
Da4 " 5 #6" 0ay 2 R .02 0ay J R .08 0ay 8 R .0N 0ay A R .17 0ay 7 R .J2 0ay O R .78 0ay N R 1.2N 0ay S R2.A7 0ay 10 R A.12 0ay 11 R 10.28 0ay 12 R 20.8N
0ay 1J R 80.S7 0ay 18 R N1.S2 0ay 1A R 17J.N8 0ay 17 R J2O.70 0ay 1O R 7AA.J7 0ay 1NR 1J10.O2 0ay 1S R 2721.88 0ay 20R A282.NN 0ay 21 R 108NA.O7 0ay 22 R 20SO1.A2 0ay 2J R 81S8J.08 0ay 28 R NJNN7.0N
0ay 2A R 17OOO2.20 0ay 27 R JJAA88.J0 0ay 2O R 7O10NN.70 0ay 2N R 1J821OO 0ay 2S R 27N8JAA 0ay J0 R AJ7NO0S Da4 ," 5 10,737,418
At the e$d o! J1 days you %ould have 10.O millio$ dollars. Compou$d i$terest is a po%er!ul !or#e1
%E R$*E OF ()
,here is a rule that goes alo$g %ith this !or#e o! #ompou$d i$terest. 3t is #alled the rule o! O2. ,he rule o! O2 helps us determi$e ho% lo$g it %ill ta"e our mo$ey to double. ,he $umber O2 $ever #ha$ges it is a #o$sta$t. Cet?s say you have 10 thousa$d dollars i$ a savi$gs a##ou$t at a ba$" a$d you %a$t to "$o% ho% lo$g it %ill ta"e !or that 10 thousa$d dollars to double or tur$ i$to 20 thousa$d dollars. :hat you %ould do is ta"e o$e per#e$t that you are ear$i$g o$ your ba$" savi$gs a##ou$t a$d divide it by the $umber O2. O2 divided by 1 %ould be O2. :hat that mea$s is that i! you le!t your 10 thousa$d dollars i$ the ba$" it %ould ta"e it O2 years to tur$ i$to 20 thousa$d. very good R@3 ERetur$ o$ 3$vestme$tF. ot a
,his is a very po%er!ul #o$#ept( but remember( #ompou$d i$terest is a double edged s%ord( it #uts both %ays. 3! you have a debt that is #hargi$g you say J0 per#e$t( ho% lo$g %ould it ta"e your 10 thousa$d dollar debt to tur$ i$to a 20 thousa$d dollar debt; 3t %ould o$ly ta"e 2.8 years. 3s there a$y %o$der %hy people struggle %ith their !i$a$#es %he$ they have this po%er!ul !or#e %or"i$g agai$st them;
%E WORD CRED+
:he$ you thi$" o! #redit !rom $o% o$ 3 %a$t you to visualiIe ha$d#u!!s. Be#ause that is %hat you are really doi$g %he$ you use #redit #ards. :he$ you buy somethi$g o$ #redit you are putti$g o$ those ha$d#u!!s. )ou are givi$g up your !uture i$#ome. BlaIe your o%$ path. )ou may be s#ared to ta"e a#tio$. 6$dersta$d that this is $ormal. 3t is #ru#ial that you over#ome the !ears that you have regardi$g #ha$gi$g some habits that you may have. ,he "ey here is that you #a$ do it1 )ou %ill have a support system put i$ pla#e a$d the tools a$d "$o%ledge that you have $ot had be!ore. Remember the sayi$g that( =i! you %a$t to reap a $e% harvest( you must pla$t a $e% seed.> ,his is your seed that you are goi$g to pla$t today( a seed o! #ha$ge.
A #ommo$ <uestio$ 3 get is( %hat i! 3 have mo$ey i$ a savi$gs a##ou$t at the ba$" or a C0 E#erti!i#ate o! depositF a$d 3 have debt( %hat should 3 do; ,he <uestio$ that you $eed to as" is %here #a$ 3 get the most ba$g !or my bu#". Re#e$tly( 3 had a stude$t that as"ed me that <uestio$. -he had about 20 thousa$d dollars i$ debt a$d about 20 thousa$d dollars i$ a C0. -he %as ear$i$g about 8 per#e$t o$ the C0 a$d she %as getti$g #harged about J0 per#e$t o$ her debts. -he %as goi$g i$ the #orre#t dire#tio$ 8 per#e$t( a$d i$ the %ro$g dire#tio$ J0 per#e$t( %here does that leave her; 3! you said 27
per#e$t i$ the %ro$g dire#tio$( you are #orre#t. Remember( %he$ you pay o!! your debt( that is li"e getti$g a guara$teed rate o! retur$. @$#e that 20 thousa$d dollar debt is paid o!! %here %ill that J0 per#e$t 3$terest go; 3t %ill the$ go to your ba$" a##ou$t a$d $ot the ba$"s1
C%A1 ER %REE
%E M+**+ONA+RE M+ND
3magi$e a perso$ o$ a treadmill. /very time that perso$ o$ the treadmill gets a raise
they go out a$d buy thi$gs that they really do $ot $eed( so %ith ea#h raise they get( their sta$dard o! livi$g appears o$ the outside to get better( but it really +ust gets %orse. ,hat mo$thly payme$t treadmill +ust speeds up. ,hey +ust have to %or" harder a$d harder !or all o! the =stu!!> i$ their lives. :ould you rather be %ealthy or appear %ealthy; :hat %ill you do %ith the $e&t raise you get; Are goi$g to a##umulate assets your %hole li!e a$d avoid the o! debt game that everyo$e else is playi$g;
W%ERE +! A** MY MONEY GO+NG7
)ou have probably heard the sayi$g( =tra#" your pe$$ies be#ause they add up to dollars.> 3! there is o$e thi$g that has #o$tributed more to my stude$ts savi$g mo$ey it?s tra#"i$g their e&pe$ses. ,here are those that have $ever do$e a$ythi$g li"e this be!ore(
a$d they %ill tell me that it is amaIi$g to see %here all o! their mo$ey goes. 3! you have $ot do$e a$ythi$g li"e this be!ore( the$ 3 give you a #halle$ge to tra#" everythi$g that you spe$d !or at least seve$ days. ,his is o$ly the start* it usually ta"es about J0 to 70 days be!ore you %ill start to !eel li"e you "$o% %here your mo$ey goes. -tart small a$d %or" your %ay up. 0e#idi$g to tra#" all o! your mo$ey is really steppi$g up a$d ta"i$g #o$trol over your mo$ey. My millio$aire me$tor taught me that( =mo$ey is a$ i$teresti$g #reature( you #a$ either #o$trol it or it %ill #o$trol you.>
! AY+NG O$ OF DEB
'etti$g out o! debt is o$ly hal! the battle. ,he other hal! is to stay out o! debt !or the rest o! your li!e. :hat #a$ %e do to ma"e sure that %e $ever get i$to debt agai$; Commit yoursel! to livi$g a debt !ree li!estyle. Commit yoursel! $o% that you %ill do %hatever it ta"es to live %ithi$ your mea$s. Commit yoursel! to lear$i$g the pri$#iples o! %ealth buildi$g a$d ta"e a#tio$ today1 Be ready !or the rai$y days. Prepare yoursel! !or the emerge$#ies i$ li!e that may #ome up. Cars brea" do%$( people get si#"( lay o!!s are o##urri$g at a more rapid pa#e. Qobs that people o$#e thought %ere sa!e a$d se#ure are go$e. /$tire i$dustries are struggli$g li"e $ever be!ore. 3! ever there %as a time to get you !i$a$#es i$ order( $o% is the time1
3! you see debt !or %hat it really is( this #a$ help you to stay out o! debt. %a$ts to be e$slaved to mo$ey1
obody
-tayi$g out o! debt ta"es a #ertai$ type o! mi$dset. 3t
ta"es %or". /ve$ a!ter you are out o! debt it is importa$t to stay motivated a$d to #o$ti$ue to %or" o$ livi$g a debt !ree li!estyle. .or all too ma$y( it4s too late to avoid the destru#tive po%er o! debt. 3t #a$ rob you o! your sel!5esteem. 3t #a$ destroy a marriage a$d tear your !amily apart. 3t #a$ ma"e you !eel hopeless a$d it #a$ #ause depressio$. @$ the other ha$d( imagi$e ho% your li!e %ould be o$#e you are #ompletely debt !ree. 3magi$e the !reedom that this type o! li!estyle %ould a!!ord you1 3magi$e the !i$a$#ial stress melti$g a%ay !rom your li!e. 3magi$e getti$g out o! the rat ra#e !orever1
Maybe you have avoided debt your %hole li!e but do to a$ ill$ess or some u$!oresee$ emerge$#y #aused you to go i$to debt. :hatever the #ir#umsta$#e %ere( that got you to %here you are $o%( you are $o% goi$g to get out o! debt a$d stay out( be#ause %e are goi$g to give you the tools $e#essary to a##omplish that goal. -etti$g up your three to si& mo$th emerge$#y !u$d is de!i$itely goi$g to help you a##omplish this. ,hi$" o! the mo$ey you %ill $eed to live o$ i! all the i$#ome %ere to stop. 2o% mu#h %ould it ta"e to support you a$d or your !amily !or three to si& mo$ths; By havi$g a$ emerge$#y !u$d you #a$ ta"e #are o! your immediate $eeds. )ou may $eed to rely o$ #redit !or your emerge$#ies. ,he goal is to eve$tually be#ome totally i$depe$de$t o! #redit1
YO$ A*READY ARE WEA* %Y
)ou already are %ealthy( relative to the rest o! the %orld. 3t has bee$ said that i! you ear$ at least 2A(000 dollars a year( you ma"e more tha$ SA per#e$t o! the %orlds populatio$. 0id you "$o% that i! you ma"e 2A(000 dollars( the$ you already are a li!etime millio$aire; 3! %e ta"e 2A(000 dollars a$d multiply it by 80 years represe$ti$g the average %or"i$g li!e o! the average Ameri#a$( that e<uals 1(000(000 dollars over a 80 year period. 2ave you ever thought o! yoursel! as a li!etime millio$aire; 3! $ot( $o% is the time to start thi$"i$g o! you this %ay. )ou already are %ealthy1
,o illustrate ho% %ealthy you are lets ta"e %hat the average Peruvia$ ma"es a$$ually. ,he average Peruvia$ ma"es about 2000 dollars per year. ,hat mea$s the average Ameri#a$ is ma"i$g 2A times %hat the average Peruvia$ ma"es. ,hey must be loo"i$g at us a$d sayi$g( =3! 3 made that "i$d o! mo$ey( 3 %ould be set.> -o( %hy are$?t more o! us =set> !i$a$#ially; ,he a$s%er( most people %ere $ot taught ho% to ma$age mo$ey. 3! you are li"e most people( you lear$ed your mo$ey ma$ageme$t s"ills through your pare$ts( a$d i! they did $ot ma$age their mo$ey very %ell the$ #ha$#es are you lear$ed ho% to do it i$#orre#tly. ,here is hope. Most li"ely you already are %ealthy1
%+N/ *+/E A M+**+ONA+RE
3$ the boo" %s a &an Thinketh Qames Alle$ states( =,hey themselves are ma"ers o! themselves.> 3! you are $ot satis!ied %ith your #urre$t !i$a$#ial situatio$( the$ start thi$"i$g li"e someo$e %ho is !i$a$#ially se#ure. -tart !o#usi$g o$ %hat you %a$t i$ li!e i$stead o! !o#usi$g o$ %hat you do$?t. 3! you #a$ do this( you #a$ literally #ha$ge your !i$a$#ial e$viro$me$t !orever. 3! you start thi$"i$g li"e someo$e %ho is !i$a$#ially i$depe$de$t( ho% are you goi$g to a#t; )ou %ill start to a#t li"e that perso$. 3! you start a#ti$g li"e that perso$( %hat type o! results are you goi$g to see; )ou are goi$g to see the same results that !i$a$#ially i$depe$de$t people see. )ou %ill see more mo$ey i$ the ba$" a##ou$t a$d less debt.
)ou must elevate your thoughts i! you %a$t to elevate your !i$a$#ial situatio$. ,his is a %orld o! abu$da$#e( there is e$ough !or everyo$e. ,he !ollo%i$g poem puts it beauti!ully.
&ind is the &aster power that moulds and makes, %nd &an is &ind, and evermore he takes The tool of Thought, and, shaping what he wills, 'rings forth a thousand oys, a thousand ills( ) !e thinks in secret, and it comes to pass( *nvironment is but his looking+glass. 5Qames Alle$
2avi$g the #orre#t mi$dset %he$ it #omes to your mo$ey is S0 per#e$t o! the battle. 3! you #a$ thi$" this $e% %ay( the$ you #a$ have all the %ealth that you desire. -o( ho% do %e start developi$g the millio$aire mi$dset; 2ere are a !e% e&amples o! $e% thoughts that have helped me greatly1
Millio$aires are al%ays loo"i$g !or %ays to i$#rease their i$#ome a$d de#rease their e&pe$ses.
Millio$aires have multiple streams o! i$#ome. Most people have o$e or t%o streams o! i$#ome( millio$aires have ma$y.
Millio$aires al%ays "eep their eyes o$ their mo$ey. ,hey "$o% ho% mu#h mo$ey is #omi$g i$ a$d ho% mu#h mo$ey is goi$g out.
Millio$aires adapted early o$ the mi$dset o!( =live $o% the %ay most people %o$?t so they #a$ live the rest o! their lives li"e most people #a$?t.>
Millio$aires are !rugal. ,he %ord !rugal to a millio$aire is a positive thi$g !or the poor a$d the middle #lass the %ord !rugal is the =!> %ord.
Millio$aires "$o% %hat their $et %orth is a$d they #losely mo$itor a$y #ha$ges i$ it.
Millio$aires loathe debt. ,hey do $ot pay i$terest they ear$ it1
Millio$aires u$dersta$d the pri$#iples o! #ompou$d i$terest.
Millio$aires i$vest their mo$ey %isely. ,hey do $ot #hase the latest a$d greatest =get ri#h <ui#" s#hemes.>
Millio$aires are very orga$iIed.
Millio$aires have mastered the art o! buyi$g lo% a$d selli$g high.
Millio$aires spe$d their lives a##umulati$g assets a$d $ot liabilities.
Millio$aires ma"e the $e#essary sa#ri!i#es to set up a se#ure !uture !or themselves a$d their !amilies.
0evelopi$g the millio$aire mi$dset %ill truly help you to ta"e #o$trol o! your a#tio$s. 3! you #a$ begi$ to thi$" this %ay( you %ill start to a#t this %ay a$d eve$tually you %ill be#ome that %hi#h you are thi$"i$g about.
hin8in2 li8e a millionaire 9 Actin2 li8e a millionaire 5 Becomin2 a millionaire#
%OW O O.ERCOME +M1$*!E B$Y+NG
-tart loo"i$g at all the small pur#hases that you do every day that #ould add up to big bu#"s. ,hi$" o! the mo$ey that you spe$d o$ the ve$di$g ma#hi$e #a$dy( the
mo$ey that you spe$t !or lu$#h. Most people do $ot add up %hat it is #osti$g them o$ a mo$thly a$d yearly basis. 3$ the %ords o! o$e stude$t( =:o%( it all adds up %he$ you add it up1> ,hi$gs li"e smo"i$g( dri$"i$g a$d gambli$g are all great %ays to thro% a%ay your hard ear$ed mo$ey. @$e o! the best %ays %e "$o% o! to stop the impulse buyi$g is to ta"e a step ba#" a$d as"( =:here am 3 headed %ith my !i$a$#ial li!e;> 3! 3 "eep goi$g the %ay 3 am goi$g $o%( ho% lo$g %ill it ta"e me to retire;
,hi$" about it1 'ro#ery stores try to get you to impulse buy( they al%ays have the most #ommo$ items li"e the mil" a$d the eggs i$ the ba#" o! the store so you have to %al" past all o! their =sale> items. ,he lo$ger they #a$ get you to ha$g out i$ the store the better #ha$#e you are goi$g to impulse buy.
C%A1 ER FO$R
!A.E MONEY AND MA/E MORE
)ou may have a lot o! stu!! arou$d the house( atti#( baseme$t( or a storage u$it. :hy
$ot de5#lutter your li!e a$d sell some o! those thi$gs; 3! you have a$ e&tra #ar that you do $ot use but you are payi$g i$sura$#e o$ it( you are %asti$g mo$ey1 -ell those items that you do $ot use to put some e&tra #ash i$ your po#"ets. ,a"e a mi$ute to thi$" about all the thi$gs that you #ould pote$tially sell. ,ry to #ome up %ith at least 10 items.
3! you #a$$ot #ome up %ith a$y( the$ thi$" o! your !rie$ds a$d !amily members that may have thi$gs to sell. Could you sell their stu!! !or them a$d split the pro!its; Maybe you have a$ RM( boat or other toys that are #olle#ti$g dust a$d #osti$g you mo$ey. :hy $ot sell those thi$gs. 3! you really get the it#h to use a$y o! those items %hy $ot +ust re$t it. .or most people this %ill save them a lot o! mo$ey. 3! you are usi$g these types o! items a lot( the$ o%$ership may be the %ay to go.
)ard sales #a$ be a great pla#e to !i$d thi$gs to resell. ,his is somethi$g that #a$ ge$erate thousa$ds o! dollars a year. )ou #a$ do it1 .irst it is a good idea to !i$d a produ#t that people $eed %a$t a$d desire. 3$ a do%$ e#o$omy you may $ot be selli$g a lot o! lu&ury items. People i$ this e#o$omy %ill $ot be ope$i$g up their %allets !or these thi$gs but they %ill ope$ their %allets !or thi$gs that they really do $eed. Remember( i$ a do%$ e#o$omy people %ill be !o#usi$g o$ $eeds su#h as #lothes( !ur$iture et#. )ou #a$ !i$d some yard sales that are goi$g o$ i$ your area at #raiglist.org u$der the =!or sale> se#tio$. )ou #a$ ma"e a very good R@3 goi$g to garage sales. :hat you %ill be doi$g is loo"i$g !or those types o! people that 3 #all the =3 do$?t #are> group. ,hese are the people that hold a yard sale +ust to get rid o! a bu$#h o! stu!! a$d
!A.E MONEY ON %E FOOD B+**
.ood pur#hases are a$ area %here the average !amily #ould save hu$dreds o! dollars a mo$th. A##ordi$g to the 3R-( the average !amily o! !our spe$ds about OA2 dollars o$ !ood a mo$th. By .ollo%i$g a !e% mo$ey savi$g tips you #ould save about A0 per#e$t o$ your !ood budget. ,hat mea$s the average !amily o! !our #ould save JO7 dollars a mo$th. ,he #hart belo% sho%s mo$thly #osts !or !ood a$d other #ommo$ e&pe$ses. E-ee .igure 1F
.igure 1
E:;ense .ood 2ouse"eepi$g supplies Apparel T servi#es Perso$al #are produ#ts T servi#es Mis#ella$eous
One 1erson K2NA K2N
<o 1ersons KAJO K77
hree 1ersons K727 K71
Four 1ersons KOA2 KO8
KN7
K172
K20S
K288
KJ1
KAA
KAS
K7A
KNO
K17A
K1SO
K2JA
More than =our ;ersons .or ea#h additio$al perso$( add to !our5 perso$ total allo%a$#e: +rs#2ov
Additional 1ersons Amount K272
!%O1 W+ % A *+!
-hoppi$g %ith a list %ill help you avoid the mortal e$emy o! all !rugal shoppers( impulse buyi$g. Buy usi$g a list( a$d sti#"i$g to it( #a$ easily redu#e you !ood bill by A0 per#e$t a mo$th. 3 tell my stude$ts that havi$g a gro#ery list is you ti#"et to go to the gro#ery store. :ithout a list( do $ot go1 Ma"i$g a list #a$ be a bit o! a #halle$ge i! you are $e% to this. Challe$ge yoursel! this %ee" to use a list. Ma"e it a game to see ho% mu#h mo$ey you #a$ save at the gro#ery store ea#h %ee". )ou %ill see that this simple tip %ill save you hu$dreds o! dollars a mo$th.
DON> GO %$NGRY
:he$ you go hu$gry to a gro#ery store( everythi$g loo"s good. Ma"e sure you are $ot hu$gry be!ore you go shoppi$g. 3! you have $ot had a #ha$#e to eat( stop by a$d pi#" somethi$g up be!ore you go to the store. ,here are a lot o! pla#es that have =dollar me$us.> Pi#" somethi$g up some%here that has a =dollar me$u> a$d you #a$ <ui#"ly get rid o! the hu$ger. Pay a dollar to pote$tially save hu$dreds. 3 li"e the sou$d o! that1
*EA.E %E /+D! A %OME
3! you have "ids( the$ you have e&perie$#ed them beggi$g you to buy them their !avorite #ereal or toy %he$ you are at the store. Bids are ma+or #o$tributors to impulse buyi$g( so i! you have "ids( leave them home i! at all possible.
1*AN YO$R WEE/ ARO$ND W%A +! ON !A*E
My %i!e a$d 3 al%ays pla$ our %ee" arou$d %hat is o$e sale. By doi$g this %e have bee$ able to #ut our gro#ery bill i$ hal!. :e are a !amily o! !our a$d %e have al%ays bee$ really !rugal. @ur gro#ery bill %as hoveri$g arou$d 1J0 dollars a %ee"( so %e %ere %ell belo% the average !amily o! !our !ood e&pe$ses. /spe#ially i! you #o$sider a lot o! those e&pe$ses %ere used !or thi$gs li"e diapers a$d other $o$5!ood items. :e thought %e %ere doi$g really %ell u$til %e started to pla$ our %ee"s arou$d %hat %as o$ sale. ,he gro#ery store that %e go to has doubled the dis#ou$ts o$ :ed$esdays.
:he$ %e started really buyi$g o$ly the thi$gs that %ere o$ sale( $ot o$ly did %e #ut our gro#ery bill i$ hal! but %e started to eat li"e "i$gs. .or e&ample( o$e o! the %ee"s %e bought lobster tail !or J.SA dollars a tail. :e are al%ays !i$di$g deal li"e this
a$d %e are able to eat !ar better a$d !or !ar less tha$ %e used to. ,hat is %hat this program is all about* it is about you livi$g a li!e o! abu$da$#e !or less1
%o< to bu4 ?)@6 <orth o= 2rocer4As <ith ONE ;enn4 2o to this <ebsiteB htt;BCCblo2#;ros;erlearnin2#comC=inancialC7;5@(0
Pla$$i$g your meals be!ore you go i$to the gro#ery store %ill save you a lot o! time a$d a lot o! mo$ey. @$e o! my stude$ts re#e$tly as"ed me i! it %as really %orth it to put =all> o! this time i$to savi$g mo$ey o$ their gro#ery bill( so 3 as"ed her ho% mu#h time she %as spe$di$g ea#h %ee" o$ her pla$$i$g. -he said that she %as spe$di$g about o$e hour a %ee". 3 the$ as"ed her ho% mu#h she %as savi$g o$ her gro#ery bill. -he told me that she %as savi$g about 800 dollars a mo$th. 3 the$ as"ed her( =2o% lo$g does it ta"e you to ear$ 100 dollars at your #urre$t o##upatio$;> -he said that she ear$s about 2A dollars a$ hour. 3 the$ #o$ti$ued to tell her that eve$ i! she le!t %or" three hours early +ust to %or" o$ the gro#ery bill ea#h( she %ould still be #omi$g out o$ top 100 dollars ea#h mo$th.
3t is importa$t to remember that a dollar saved is %orth more tha$ a dollar ear$ed. :hat does that mea$; :he$ you ear$ a dollar( %ho #omes i$ a$d ta"es 2A to J0 per#e$t right o!! the top; 6$#le -am1 3! you save a dollar it is all yours to "eep( 100 per#e$t o!
it1 -o start savi$g your dollars1
D+N+NG O$
:he$ it #omes to di$i$g out there are a !e% thi$gs that you #a$ do to redu#e this e&pe$se. 0i$i$g out has hurt so ma$y people?s !i$a$#es. @$e idea is that you #a$ redu#e the !re<ue$#y that you di$e out. 3 lost %eight by doi$g this1 -eriously( a lot o! my stude$ts have a#tually lost %eight by $ot di$i$g out as mu#h. )ou #a$ use #oupo$s to redu#e your di$i$g out bill. Buy o$e get o$e !ree #oupo$s are very easy to #ome by. -et a goal that you are o$ly goi$g to di$e out i! you have a #oupo$.
3! you use a #oupo$( ma"e sure you tip your server a little more. My %i!e used to be a %aitress a$d she %ould "ill me i! 3 did $ot put this i$ here. ,here are e$tire #oupo$ boo"s that you #ould buy !or your area. -ome good #oupo$ boo"s #a$ be !ou$d at e$tertai$me$t.#om.
!A.+NG MONEY A
%E MO.+E!
2o% do you save mo$ey at the movies; :he$ %as the last time you %e$t to a mati$ee; 'oi$g to a mati$ee #a$ #ut do%$ o$ your movie goi$g e&pe$ses. My %i!e
a$d 3 love to go to mati$ees. ,here are a lot less people there a$d you usually get the very best seats i$ the house. o$e o! this !ro$t ro% stu!!1 )ou #a$ also #ut ba#" o$ this
e&pe$se by $ot goi$g to the movies as mu#h.
,here are little 0M0 "ios" that allo%s you to re$t $e% release 0M0?s. 3t?s #alled Red Bo& you #a$ !i$d these "ios"s usually at your lo#al M#0o$ald or :al5Mart. Red Bo& #harges o$e dollar a day !or movie re$tals. Cet?s say you lose the 0M0 or you %a$t to "eep it a$d %at#h it lo$ger. 3t?s still +ust o$e dollar a day !or up to 2A days. A!ter the 2Ath day you get to "eep the 0M0( so the most you #a$ get #harged is 2A dollars i! you happe$ to lose it. 3 "$o% that does happe$ !rom time to time espe#ially i! you have "ids1 A dollar a day !or a movie beats ma$y o! the pay per mo$th movie re$tal pla$s as %ell.
C*O %E!
,here is a lot o! #ompetitio$ %he$ it #omes to retail( so ma"e sure that you do $ot pay retail !or a$ythi$g espe#ially #lothes. 3t probably #omes as $o big surprise to you that ma$y o! the arti#les o! #lothi$g that you %ear #ome !rom Chi$a. 2o% does it ma"e you !eel to "$o% that your retailer bought your #lothes !or a #ouple o! dollars a$d they are selli$g it to you !or 20 dollars; :ould that motivate you to shop o$ sale;
Be#ome a #leara$#e mag$et. My %i!e is a pro at this. -he #a$ !i$d the #leara$#e ra#" i$ a$y store i$ se#o$ds. Cleara$#e items ma$y times are A0 per#e$t to OA per#e$t o!!. 3! you develop the habit o! buyi$g o$ly o$ #leara$#e you #ould pote$tially save your !amily hu$dreds o! dollars.
BRAND!
)ou #a$ save a to$ o! mo$ey i! you get out o! the me$tality that bra$d $ame is better. Mar"eters a$d Advertisers spe$d billio$s o! dollars tryi$g to di!!ere$tiate themselves bet%ee$ their bra$d a$d a$other bra$d. 3! you believe them( the$ it %as mo$ey %ell spe$t. :ith a lot o! produ#ts( you #a$ loo" at the i$gredie$ts o$ the ba#" a$d you %ill see that $ame bra$ds have the same i$gredie$ts as the store bra$ds( yet some people believe that $ame bra$ds are the %ay to go. :hy $ot save yoursel! !rom givi$g a mar"eti$g MP a big bo$us a$d buy store bra$ds as mu#h as you #a$.
C%R+! MA! G+F ! AND B+R %DAY!
-tude$ts are al%ays stressed about Christmas. ,o me this is a real easy o$e. ,a"e all the people that you buy gi!ts !or a$d #ut that list i$ hal!. )ou do $ot $eed to se$d
Christmas prese$ts to your !ourth #ousi$. ,hat may sou$d !u$$y but 3 have had stude$ts that buy gi!ts !or +ust about everyo$e that they "$o%. Bless their hearts they do have a good i$te$t but they are hurti$g their o%$ !i$a$#ial situatio$ by doi$g it. As !ar as birthdays are #o$#er$ed limit the amou$t o! people that you buy gi!ts !or. ,ry se$di$g a #ard i$stead o! a gi!t( or perhaps !i$d a %ay to say happy birthday or Merry Christmas %ithout spe$di$g mo$ey1
RED$CE +N!$RANCE 1R+M+$M!
,his is a$ area that ma$y people overspe$d i$. ,his is a tip that %ill save the average !amily at least 20 dollars a mo$th. Ma$y people have very lo% dedu#tibles o$ their homeo%$ers a$d auto i$sura$#e. ,his may be #osti$g you a$d your !amily a lot o! mo$ey i$ premiums. 3$sura$#e #ompa$ies are betti$g that $othi$g %ill happe$ to you a$d the !u$$y thi$g is you are betti$g that somethi$g %ill happe$. o%( i$sura$#e
#ompa$ies have statisti#ia$s %or"i$g !or them !iguri$g out the probability o! somethi$g a#tually happe$i$g to you. 3 %ould rather be o$ the side o! logi# rather tha$ emotio$.
Raise those dedu#tibles as high as you are #om!ortable %ith. 3 have put my auto i$sura$#e dedu#tible at about 1000 dollars a$d my homeo%$er dedu#tible is at 2A00 dollars. ,his has saved my !amily about A0 dollars a mo$th i$ premiums. 3t may also be
a good idea to tal" to your i$sura$#e provider to see i! you #a$ bu$dle some o! your i$sura$#es together. -ometimes the i$sura$#e #ompa$ies %ill give you a dis#ou$t i! you do that.
A.O+D *A E FEE!
)our !irst goal should be to get your #ash !lo% u$der #o$trol. @$#e you have your #ash !lo% u$der #o$trol( it may be a good idea to set up as ma$y o! your bills as you #a$ o$ automati# payme$t. ,his may save you a lot o! time as %ell as mo$ey due to the late !ees. 3 #urre$tly have all o! my bills o$ automati# payme$t. 3! you are getti$g #harged late !ees at your ba$"( see i! you have a ba$" or a #redit u$io$ that has overdra!t prote#tio$ ,hat %ay( i! you go over i$ your #he#"i$g a##ou$t you %ill $ot get hit %ith a big 2A to JA dollar late !ee.
CAB*E 1%ONE AND +N ERNE
Cable( pho$e a$d i$ter$et bills #a$ o!te$ be bu$dled i$to o$e pa#"age to save you a bu$dle o! mo$ey. 3 have had stude$ts save hu$dreds o! dollars a year doi$g this. @$e re#e$t stude$t saved 100 dollars a mo$th by doi$g this. Ma$y people have a hard time givi$g up the la$dli$e eve$ though they ta"e their #ell pho$es every%here they go. :hy
have a la$d li$e i! you have the #ell pho$es.
o%( 3 u$dersta$d that some people !eel
more se#ure by havi$g o$e( but i! you #a$ do %ithout this #a$ save you. Che#" out -"ype or magi# +a#" !or mo$ey savi$g ideas %ith the la$dli$e.
!A.E ENERGY
,ur$i$g thi$gs do%$ li"e the AC a$d 2eat #a$ save you a lot o! mo$ey. 3$stead o! tur$i$g up the heat( go put o$ a s%eater or i! you?re hot( ta"e o!! the s%eater be!ore you tur$ up the AC. Also( %e have items i$ the typi#al Ameri#a$ homes that are $ot very e$ergy e!!i#ie$t. ,hi$gs li"e %ater heaters( most %ater heaters are #o$sta$tly heati$g your %ater eve$ %he$ you are $ot usi$g it. 3! you tur$ o$ your hot %ater a$d have to mi& it %ith #old %ater it is up too high1 ,his #a$ #ost you a lot o! mo$ey. 3! you tur$ do%$ your %ater heater( eve$ +ust a little( the savi$gs #a$ really add up.
Repla#e you old light bulbs %ith e$ergy e!!i#ie$t light bulbs %he$ your older bulbs bur$ out. o%( these bulbs #a$ be e&pe$sive so 3 %ould really shop arou$d. ,ry
loo"i$g o$ eBay a$d #raigslist to see i! you #a$ !i$d a$y deals.
,ur$ o!! the ,M. Ru$$i$g your ,M %he$ you are $ot usi$g it #a$ get e&pe$sive. -o( tur$ it o!! i! you are $ot goi$g to %at#h it. Also( u$plug u$used applia$#es li"e
toasters or ble$ders. ,hey drai$ e$ergy eve$ i! it is $ot bei$g used.
NEGO +A E *+/E A 1RO
3t $ever hurts to as" !or a lo%er pri#e. Almost everythi$g is $egotiable1 3 have $oti#ed that !or some reaso$ it?s hard !or people to as" !or a lo%er pri#e o$ goods or servi#es that they pur#hase. Rule $umber o$e to savi$g mo$ey is( do$?t be a!raid to as". Rule $umber t%o is to shop by #ompariso$.
All too o!te$ people !orget the greatest "ey you have to savi$g mo$ey i$ a !ree mar"et is #ompetitio$. :ith a$y pur#hase( it is importa$t to ma"e #ompetitio$ %or" i$ your !avor. 2ere is %hat you do. Cet?s say that your #ar tires are losi$g its tread a$d you $eed to pur#hase $e% o$es. )ou %ould sele#t the bra$d a$d at least three tire #ompa$ies a$d get estimates !or the !our tires. A!ter you have the pri#es let the games begi$.
o% it is time !or the #ompa$ies to #ompete !or your busi$ess. Cet?s say that #ompa$y $umber o$e said that they #ould do it !or JS0( you %ould as" #ompa$y t%o a$d three i! they #ould beat that pri#e. 3! they #ould the$ you as" #ompa$y o$e i! it #a$ beat the $e% pri#e. 3! #ompa$y o$e #a$$ot the$ it is elimi$ated. o% the #ompetitio$ is
bet%ee$ #ompa$y t%o a$d three. Co$ti$ue this pro#ess u$til you are do%$ to the last
#ompa$y. A!ter they give you the %i$$i$g bid( as" them the magi# %ords: =3s that the very best that you #a$ do;>
3t is importa$t to remember $ot to be the !irst to tal" a!ter you say this. Be sile$t u$til they spea". 3! they #ome ba#" sayi$g that they #a$ go eve$ lo%er( as" them agai$( =3s that the best that you #a$ do;> Agai$( it is importa$t to remai$ sile$t u$til they spea". Repeat this pro#ess u$til %e get the a$s%er that %e are loo"i$g !or: =)es( that is the best that %e #a$ do.> 3 have used this te#h$i<ue a$d saved over 200 dollars o$ my #ar tires. 3 also used this te#h$i<ue o$ a hospital bill a$d 3 saved over 2A per#e$t o$ it1
Ma$y people do $ot realiIe that you #a$ $egotiate pri#es li"e hospital bills. :he$ 3 told my %i!e about this te#h$i<ue she did $ot believe this little se#ret( that almost a$ythi$g is $egotiable. :he$ %e spo"e to the do#tor our hospital bill %e$t !rom S00 dollars to J00 dollars +ust !or as"i$g1 3! you are a$ o$li$e shopper( there are ma$y %ebsites that %ill allo% you to shop !or the lo%est pri#es. ,here is a$ easy %ay to !i$d the #heapest pri#es o$li$e. ,here are %ebsites that %ill #ompare pri#es !or you( !or e&ample pri#egrabber.#om is o$e o! them.
,ype i$ 'oogle =#ompare pri#es DDDDD.> )ou !ill i$ the bla$" %ith the produ#t that you are loo"i$g !or. Remember that $obody has a mo$opoly o$ your busi$ess a$d
that you are !ree to shop arou$d !or the best pri#es. )ou $o% "$o% ho% to get more !or your mo$ey o$ +ust about a$ythi$g. ,he most importa$t step !rom here is to do it1
MA/E !OME ED RA CA!%
3t has bee$ said that the average millio$aire has about seve$ streams o! i$#ome. ,he average Ameri#a$ has about o$e or t%o. 3t is #ru#ial to your overall !i$a$#ial li!e that you !i$d %ays to bri$g i$ some e&tra mo$ey. o%( 3 am $ot sayi$g go out a$d get
a$other +ob( u$less that is %hat you %a$t to do. :hat 3 am sayi$g is to !i$d somethi$g that you #a$ do to ge$erate some e&tra mo$ey. ,hi$gs that you %ould e$+oy doi$g that %ill bri$g i$ some residual #ash1
,o give you some ideas o! %hat some o! our other stude$ts have do$e i$ the past. Ma$y stude$ts set up their o%$ eBay store. -ome get i$volved %ith real estate i$vesti$g. @$e o! my #urre$t stude$ts +ust a#<uired a property that %ill #ash !lo% him a$ e&tra A00 dollars a mo$th. 2e is savi$g that mo$ey !or a do%$ payme$t o$ his $e&t #ash #o%. -ome stude$ts %ill get i$to sto#" i$vesti$g. -to#" i$vesti$g #a$ be a lot o! !u$ a$d you #a$ ma"e a lot o! mo$ey doi$g it. 3t is importa$t that you lear$ !rom people that have already bee$ su##ess!ul i$ these streams so that you do $ot have to lear$ the hard %ay.
REC+1E FOR !$CCE!!
3 %ould li"e to share %ith you a !ormula to su##ess that has helped me treme$dously1 3t is so simple( 3 promise you( i! you do this a$d believe it %ill happe$ to you( you %ill see %hat apoleo$ 2ill said lo$g ago is true( 9A$ythi$g the mi$d o! ma$ #a$ #o$#eive a$d believe the mi$d #a$ a#hieve.9 2ere is the !ormula that %or"ed !or me1
1. Cive i$ the spirit o! gratitude.
Civi$g i$ the spirit o! gratitude really has helped me to stay positive. Positivity is a "ey attribute o! high a#hievers1
2. Create a goal board.
A goal board is simply a board %ith pi#tures that remi$d you o! your goals.
J. :rite do%$ %hat your li!e $o% loo"s li"e $o% that you are su##ess!ul.
Ma"e sure you %rite it out i$ the prese$t te$se. Mi& %ords that %ill help you !eel emotio$. .or e&ample: 93 spe$d more time at the bea#h havi$g !u$ %ith !rie$ds a$d !amily $o% that 3 am su##ess!ul. ,he o#ea$ air smell so !resh a$d the o#ea$ %aves are li"e musi# to my soul. 9
8. A!!irmatio$s
:rite out positive stateme$ts that are goi$g to ma"e your goals more #lear i$ your mi$d. -ome e&amples o! this %ould be: 93 am %ealthy( Mo$ey #omes to me easily( 3 am a mo$ey mag$et.9
A. 'o to the movies.
'o to the movies i$ your mi$d. 3magi$e the s#ript you +ust %rote i$ step $umber three. ,he movie $eeds to be C3M/ a$d it $eeds to be J0. ,he last thi$g a$d very importa$t step is to mi& as mu#h positive emotio$ to %hat you are visualiIi$g as possible. Playi$g some #lassi#al musi# or i$spiratio$al musi# as you are visualiIi$g is "ey1 Believe it so that you #a$ a#hieve it1
%E M+RAC*E OF G+.+NG
3 believe that givi$g is a #ru#ial step to%ards getti$g ba#" o$ tra#" !i$a$#ially. 3t?s a$ importa$t eleme$t to your overall prosperity. 3 !irmly believe that %he$ you give you al%ays re#eive more i$ retur$. ,his is a #o$#ept that is supported by Qoh$ Cummuta( 0avid Ba#h( Mar" Mi#tor 2a$se$ a$d ma$y o! the %orld?s most prosperous me$ a$d %ome$. :hether you are givi$g 10 per#e$t to tithi$g or you are givi$g to your !avorite #harity( givi$g( %ill help you !eel a$d be#ome %ealthy.
'ivi$g #a$ also help you to over#ome the materialisti# mi$dset that is so prevale$t i$ our so#iety. 3t may be hard to e&plai$ to someo$e %ho has $ever give$ mo$ey be!ore( but put it i$to pra#ti#e a$d you %ill see that %hat you give %ill #ome ba#" to you ma$y times over.
CONC*$!+ON
,AB/ AC,3@ 1 @ver #ome i$ertia a$d let?s get the ball rolli$g. 3! you have a hard time getti$g thi$gs goi$g( the$ ma"e the de#isio$ today that you are goi$g to do %hat it ta"es !or you to hit your !i$a$#ial goals. Applyi$g the thi$gs that you have lear$ed %ill help your ba$" a##ou$t to gro%.
Cet?s get out there a$d do it. -hare this app %ith %homever you love a$d those you !eel %ill be blessed by this i$!ormatio$. 2ere is to a more prosperous you a$d a more prosperous $atio$1 Please share your su##esses %ith livi$g these pri$#iples %ith me. :rite me at amortimerUprosperi$g.#om1
!$GGE! ED READ+NG!
The &illionaire ,e-t .oor by ,homas -ta$ley T :illiam 0a$"o
The / Lessons a &illionaire Taught &e by Ri#hard Paul /va$s
The Richest &an in 'abylon by 'eorge -. Claso$
Think and Grow Rich by apoleo$ 2ill
%s % &an Thinketh by Qames Alle$
Rich .ad $oor .ad by Robert Biyosa"i
Cash .lo% Vuadra$t
,he -#ie$#e o! 'etti$g Ri#h
.i$a$#ial Pea#e by 0avid Ramsey
,he Automati# Millio$aire by 0avid Ba#h
-tart Cate a$d .i$ish Ri#h by 0avid Ba#h
Multiple -teams o! 3$#ome by Robert Alle$
,he Road to :ealth by Robert Alle$
0ebt Proo! )our Marriage by Mary 2u$t

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From RED to GREEN

Eliminate Your Debts, Build Wealth, and Achieve Your Dreams

Copyright 2012 Adam Mortimer All Rights Reserved

From RED to GREEN

Published By: Adam Mortimer

Copyright 2012 Adam Mortimer All Rights Reserved

Copyright 2012 Adam Mortimer All Rights Reserved

Copyright 2012 Adam Mortimer All Rights Reserved

ME!!AGE FROM %E A$ %OR

Copyright 2012 Adam Mortimer All Rights Reserved

Copyright 2012 Adam Mortimer All Rights Reserved

)ou $eed to start payi$g yoursel! !irst.

o% a lot o! people have heard the sayi$g

Copyright 2012 Adam Mortimer All Rights Reserved

Copyright 2012 Adam Mortimer All Rights Reserved

Copyright 2012 Adam Mortimer All Rights Reserved

C$ $1 %E CRED+ CARD! AND ! O1 +NC$RR+NG NEW DEB !

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CAR! AND %O$!E!

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Copyright 2012 Adam Mortimer All Rights Reserved

DEF+NE %E DE! N$MBER

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!$1ERC%ARGE YO$R DE!

Copyright 2012 Adam Mortimer All Rights Reserved

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Copyright 2012 Adam Mortimer All Rights Reserved

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Copyright 2012 Adam Mortimer All Rights Reserved

RED$CE YO$R CRED+ CARD +N ERE! RA E!

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%E M+RAC*E AND C$R!E OF COM1O$ND +N ERE!

Copyright 2012 Adam Mortimer All Rights Reserved

-ee a$ e&ample o! ho% po%er!ul #ompou$d i$terest is o$ the !ollo%i$g page:

Copyright 2012 Adam Mortimer All Rights Reserved

Copyright 2012 Adam Mortimer All Rights Reserved

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W%ERE +! A** MY MONEY GO+NG7

Copyright 2012 Adam Mortimer All Rights Reserved

-tayi$g out o! debt ta"es a #ertai$ type o! mi$dset. 3t

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YO$ A*READY ARE WEA* %Y

Copyright 2012 Adam Mortimer All Rights Reserved

%+N/ *+/E A M+**+ONA+RE

Copyright 2012 Adam Mortimer All Rights Reserved

Copyright 2012 Adam Mortimer All Rights Reserved

Millio$aires u$dersta$d the pri$#iples o! #ompou$d i$terest.

Millio$aires are very orga$iIed.

Copyright 2012 Adam Mortimer All Rights Reserved

Millio$aires spe$d their lives a##umulati$g assets a$d $ot liabilities.

hin8in2 li8e a millionaire 9 Actin2 li8e a millionaire 5 Becomin2 a millionaire#

%OW O O.ERCOME +M1$*!E B$Y+NG

Copyright 2012 Adam Mortimer All Rights Reserved

Copyright 2012 Adam Mortimer All Rights Reserved

YO$ AREADY ARE WEA %Y

1AN YO$R WEE/ ARO$ND W%A +! ON !AE