Your debt is an emergency!
The simple truth: If you don’t control your money, your money will control you. Swimming in debt keeps you in a helpless place – at the mercy of banks and creditors.
The only thing stopping you from controlling your finances is you but, now, you have a proven plan for taking control. Are you ready to take charge of your money and your life?
Good, because here we go … it’s time to get out of debt!
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Hounded by creditors?
More than $10,000 in debt?
Be debt free in 24 months!
Sounds great! Where do I sign up?
Beware of debt consolidators!
Obviously, debt consolidation programs are not as friendly or as surefire as you’d think. Debt consolidation is when an organization such as a bank or company specializing in debt management pays off all your debts. In return you pay the organization back. This means one monthly bill, not dozens, and it might well be at a lower interest rate than the other debt. If the monthly bill seems lower than what you were repaying on your own, it might be because of a lower interest rate, or it might be because you’ve lengthened the payment period, actually increasing your total tab!
A bad idea that only gets worse — debt consolidation loans need to be secured by a possession — it’s still debt. This usually means your car or your home. Fall behind on this loan, and you’re putting your car or house at risk of repossession.
Then, there is debt settlement. We shouldn’t confuse the two — debt settlement companies claim they can negotiate with your creditors to reduce the amount you owe.
Dealing with debt settlement companies can be risky. Debt settlement may well leave you deeper in debt than you were when you started. They charge expensive fees, and using a debt settlement service can have a negative impact on your credit scores and your ability to get credit in the future. In many cases, the debt settlement company will be unable to settle all of your debts. Unless a debt settlement company settles all or most of your debts, you will accrue penalties and fees on any debt that is unsettled. This can leave you in worse shape than when you began the process.
The standard advice for dealing with debt counselors is to seek the services of a free financial coach such as we are.
The Debt Snowball Method Works
It’s weird, isn’t it? You spend years swiping credit cards and signing for loans without a moment’s hesitation. More than half of us spend more than we earn each month, using a credit card to bridge the gap. It’s easy to see how so many of us struggle with debt. And, it’s easy to see why some choose to bury their heads in the sand, trying to avoid making a difficult decision. It’s not just about the balance you carry, it’s the way you feel about the balance. Debt can hurt. I mean, really hurt!
NEWS FLASH: YOUR DEBT IS AN EMERGENCY!
We are here to offer you the best method for getting rid of your debt faster and easier than you ever thought possible – the debt snowball. You don’t have to be making big money or even more money. You can tackle it right now!
How does it work? Picture a snowball rolling down a hill at high speed – it starts small, but adds another layer of snow with each turn down the hill, growing larger and larger, gaining momentum. This is the theory you will apply to paying off your debt. In short, you’ll pay your debts from smallest to largest, gaining momentum as each balance is paid off. When you’ve retire that bill, you move on to the next debt, rolling over the money you previously paid into the next balance. That’s it. Easy enough, right?
What You Need to Know About YFB
Do you remember the good old days from the 80s and 90s when it seemed like all you had to do to be financially successful and retire comfortably was to pour money into your 401(k) and never touch it for the next 20 or 30 years, or more? I can tell you, these strategies that worked back then may be causing you problems today.
Your Family Bank is both a new concept and something that has been around for hundreds of years. Essentially, it allows people to take control of their financial future by becoming their own bank. Taking control of your money means taking the first step – create a debt payoff plan utilizing a debt snowball.
To learn more about this exciting financial strategy, watch this 4-minute video revealing the scientific forces at work behind this concept.
Does YFB Make Sense For You?
There are five key elements to the YFB concept: (1) safety of principle (2) tax benefits (3) access to capital (4) income at retirement, and (5) legacy builder. Learn how to create a system that can benefit you and your family for generations to come. Click the link below to learn more about the YFB benefits and if this system is right for you.