Debt Doctors Don't Lie: The Prognosis
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Rising consumer debt is becoming an international epidemic. With each passing day, more and more families are falling behind. Foreclosures are at an all-time high. The gap between the wealthy and the middle-class is widening. People are working 2, sometimes even 3, jobs just to stay ahead. Some experts believe the middle-class is disappearing before our very eyes. |
According to recent statistics, the average consumer has 9 credit cards with combined limits of almost $20,000. A growing percentage of those consumers are using 80% or more of their available credit. In fact, 40% of all families spend more than they earn. The number of families with consumer debt totaling 25% or more of their annual income is rising at an alarming rate.
And it gets worse because consumer debt lowers credit ratings. When larger purchases such as cars and homes become necessary, consumers are faced with even higher rates. An interest rate increase of even 1 percentage point can mean thousands, even tens of thousands of dollars, over the course of a loan.
Payday lending has become a $40 billion a year industry. Thousands of people turn to these companies for small loans to be repaid with their next paycheck. These loans typically carry annual fees of 300 to 1,000%. Today, there are as many payday lending outlets in the US as McDonalds and Starbucks, combined.
Mailboxes are filled with credit card offers, almost daily. Each year, banks report huge profits in their consumer lending divisions. While overall interest rates have fallen significantly over the last few years, banks now charge more than ever. The average rate has climbed to over 19% - up over 15% in just the last 4 years. Credit cards are big business. On average, consumers will pay 212% of the cost of the product when they buy with a card purchases. That is more than double.
As is generally the case, the middle class bears the greatest burden. The poor often cannot qualify for credit and when they do, they often have to pay very high interest rates due to low credit scores. This credit score problem is now creeping into the middle class.
We are living in an era of unprecedented prosperity. There are more millionaires, and billionaires, created each year than ever before. At the same time, poverty is on the rise. The rich are getting richer, and everyone else is struggling to keep their heads above water. More and more people are falling further and further behind and will never achieve the dream of financial freedom.
When surveyed, 75% of the Forbes 400, the 400 richest people on the planet, said the best way to build wealth is to become and stay debt-free.
"But debt is only part of the problem."
Our economy is facing a number of challenges which are working against us. The dollar has fallen to record lows against other world currencies. Oil prices are at an all-time high. The deficit is growing with each passing day. Jobs are being moved overseas. Social Security and Medicare are on the verge of bankruptcy. And time is not on our side. The baby boomer generation, the largest in history, is approaching retirement age. The strain on our healthcare system will increase, with fewer people left in the workforce to pay for it.
When debt imprisons us, thoughts about money and security become all-consuming. Financial stress steals our joy. It affects our marriages, our children, even our health. It limits our career choices, and it robs us of the opportunity to live happy, abundant, and fulfilling lives.
"Debt is a disease."
Millions upon millions of hard working, dedicated men and women have already been exposed. The good news is, there is hope. Debt is curable, and financial freedom is then just one step away.
Imagine a day when alarm clocks are a thing of the past, when you wake up when you are tired of sleeping, when bills and mortgages are a distant memory, and you have cash in the bank beyond your wildest imagination.
Building wealth is not magic. Building wealth is a process. It can be learned, and more importantly, it can be repeated. Thousands of self-improvement and financial books have been written over the years. The authors do their best to pass along ideas they feel will help readers achieve financial freedom. Maybe you have read a few and asked yourself, What do I do now? The challenge is ideas alone are not enough. They are like a car without tires. In order to move forward, you need both a systematic approach and a vehicle capable of making financial freedom a reality.
We have combined the best of both worlds. Thousands of people around the world, from every walk of life, are making their dreams come true with our simple 3-step process.
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Step 1 is to increase your cash flow. If you are spending money faster than you make it, you will never be financially free. Depending upon where you live, we can show you how to get an immediate pay raise that could put hundreds of dollars each month into your pocket. |
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Step 2 is to stabilize your finances. Our revolutionary Freedom Accelerator will optimize your monthly payments and can save you thousands of dollars in interest without increasing the amount you are paying each month. One of our members has been able to save $230,000 in interest and 11 years of payments in paying off his debt! His mortgage, car loan and credit card debt totaled $312,000 and by utilizing our Freedom Accelerator, he will be debt-free 11 years earlier saving $230,000 in interest without spending one additional penny each month. |
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Step 3 is to invest for the future. We will introduce you to investment concepts used by the wealthy for decades that very few people even know exist. Our program is the only one we know of with specific products to guide you through all 3 steps of the wealth-building process. |
It is a complete system thousands of our members are now using. We invite you to join us so you can take advantage of this powerful tool so you can be debt free soon, too.
We have all heard the expression, You cannot get rich working for someone else. In the US, when the head of the household works for someone else, the average families’ net worth is about $65,000. When the head of the household is self-employed, the average is over $350,000, over five times higher.
Home-based businesses number in the millions, and a new one starts every 11 seconds. Total annual revenues are estimated at $427 billion. That is more than General Motors, Ford and Chrysler, combined. Women start nearly twice as many businesses as men. And, about 70% of home-based businesses will last over a three-year period compared to just 29% of traditional ventures.
Starting a home-based business
allows you to maintain the security of your job while building for the future.
It allows you to diversify your income, save money in taxes, and tap into a world
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There are 24 hours in a day. Would not you rather be paid for all of them? The internet is 24/7. Our global opportunity allows you to touch the far corners of the earth, right from your living room. If you are not getting paid while you sleep, here is your chance to get started.
We would like to invite you to visit our website and request information about our program. Thousands of men and women from around the world are already well on their way to financial freedom. You deserve it. Your family deserves it. Debt can be cured, and financial freedom is at your fingertips.
