Get Out of Debt Fast | National Wealth Center
My name is Rhonda Kaye. I work in education and my purpose is to show people a better way to freedom. However, you can not do that if you do not have a plan for your life (finances). I am a breast cancer warrior that’s why you see my silly picture from the 2014 Susan G. Komen Race. I want to help you live your life by design. You are seeking answers this is it! Lets go.
Warning Signs of Debt
Relying on credit cards for daily purchases
Using home equity line of credit to extend purchasing power
Paying minimum on credit card bills
Using cash advances to keep afloat
Losing sleep over debts
Signing up for payday loans
Feelings of anxiety and hopelessness over money
Not answering the phone
How to Dig Out of Debt
Assess your finances
Add up debts
Use NWC to develop a plan to repay
Pay yourself first 10% each time you get paid or earn money
Spend only the money you have nothing more
Tell someone about your desire to get out of debt
Use cash or debit card for daily expenses
Use 1 credit card & pay in full each month
Keep 1 card in reserve… in case of theft or fraud
Call creditors before they call you
What Type of Debt Do You Have?
Have some type of collateral
Items could be repossessed or foreclosed
Example: car, house
bill collectors calling
Example: credit card
Make a complete list:
Make a complete list:
Payments in arrears
Check your credit
How to contact Creditors
How much debt you owe
Be sure to check all three
See https://www.annualcreditreport.com/index. action for more information on credit reports.
This is free and safe…Suze Orman recommends
Ask yourself, Why am I in debt?
Am I living beyond my means?
Job loss, or pay reduction
Unexpected medical expenses
No emergency fund
Develop a spending plan
Is the plan realistic?
Can I meet all my monthly obligations?
How can I reduce spending to put more money towards my debts?
How can I increase my income?
Will I stick to it?
Imagine being out of debt
Imagine your debt is $60,000 and you want out now.
Imagine helping 50 people each month who are paying you $175 each. This totals $8,750 each month or $105,000 a year. Lets say that you gave 10% to charity and paid yourself 10%. The total you would receive monthly is $7000.
See the results
$7000 a month/ $84,000 a year
Now you apply the $7000 a month salary for 9 months,You will have paid $63,000 towards you debt and paid your debt off fast.
Imagine continuing receiving $8750 a month.
How would your life change?
Steer clear of choices that will get you into debt trouble
Rent to own
For-profit debt counseling
Get rich quick schemes
How would you feel once you have paid off your debt.
How would you life be different?
What would you do? What would you change?
Go to http://gotfinancialfreedom.com
Complete the form
Take the tour
Let me know what you like best
Lets work together
This is just an example on what can happen for you when you are sick and tired of being sick and tired. Take the tour and let us work together.