What is Debt?

Debt is a financial obligation in which the only way you can repay, is with money you have yet to earn.

 

A Series of
Unfortunate Statistics

  • 40% of adults in America have less than $500 in total savings.

  • 36% of adults have so far neglected to save even a single dollar for their retirement.

  • 28% have no savings at all set aside for any purpose.

  • An estimated 38 million households in the U.S. regularly spend every single penny of their paychecks.

  • Close to half of Americans would not be able to cover an unexpected expense of $500 or less.

  • Roughly a third would not be able to cover an unexpected expense of even just $100.

The Plot Thickens

  • Access to capital relieves financial pressure, but lack of access creates financial pressure.

  • Inevitably, we routinely encounter problems for which timely solutions are non-negotiable.

  • When a problem arises that must be solved immediately, and you lack sufficient financial resources to resolve it, you will be forced to borrow.

  • When you borrow money to solve a problem today, you must repay that loan (at interest) with dollars you expect to earn in the future.

  • Debt is an obligation on your future earnings. It is quite literally the act of spending your future income, today.

  • Borrow too much today, and you could spend your entire future before you can even get there to enjoy it.

The Other Side of the Coin

  • Consumer debt can be a threat to your financial well-being, because it erodes your wealth building potential.

  • Constant and continuous desires to increase your present standard of living are rarely, if ever satisfied.

  • The key to building lasting wealth for the future, lies in your ability to create a sustainable balance between dollars spent on fulfilling your current lifestyle desires today, and dollars which are saved and invested toward meeting your future lifestyle requirements tomorrow.

  • Unconquered by Debt is a FREE 5-part self-study course designed to illustrate how the financial decisions you make today can significantly impact the reality of your financial future.

  • Start your journey toward a brighter financial future today!

Topics Include

  • Debt: What It Is, What It Is Not

  • Spender, Saver, Wealth Creator

  • Value Your Wealth and Income Potential

  • Opportunity Cost: Don’t Spend This Opportunity

  • Lifestyle Regulator: Your Financial GPS

Your Future Is In Your Hands

If you haven’t already decided to start managing your finances differently with regard to debt, what are you waiting for?

IT’S FREE!

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Question:


What’s better than the feeling you get when you finally crawl out from under a mountain of debt?

Answer:


It’s the feeling you get from keeping yourself out from under that mountain of debt in the first place of course!

practical financial understanding for the real world