Recently, the heads of several of the biggest credit card lenders in America appeared before a committee of Congress that was investigating their unfair business practices, a.k.a. predatory lending practices.
The heads of these banks listened as the worst of their practices was aired in front of the committee and then said 'We used to do that, but we don't anymore' as if that relieved them of any responsibility for their actions.
They surrendered to Congress on several of the most heinous of their practices and promised to stop using them. But, remember the nickel and dime experts in the banks basements? You can bet that they are working tirelessly to come up with new ways to separate you from more of your money. And keep you in debt to them forever.
Here are the 12 steps I took to get myself debt free
- To help you get a solid idea of what your financial condition is at this moment. Like, what is an asset and what is a liability? You need to know and the banks won't tell you the straight story.
- To determine how much of your income can be used to free you from financial bondage - and what to do if there is no available income to use.
- How to apply your Debt Elimination Budget (DEB) in the most effective way.
- Why some debts are "killers" that will lead you down the path of ruin if you don't handle them first.
- Leveraging your DEB to gain freedom quickly. Why take 10 years to do what you can do in 5?
- What is consumer debt and why is it so bad?
- How to handle secured debt, such as car payments. Is leasing a good idea for depreciating liabilities?
- How would you like to live mortgage free/ Paying off your home.
- Using cash to make future purchases. The various kinds of "cash" in our modern world.
- Investing for the future. Never be in debt again.
- The "nurture the children" method of investing.
- Living a debt-free life
For more information click on the link to start your debt free life today"
12 Steps to Debt-Free Living (What your creditors don't want you to know) can help you become debt free in just 3-5 years!