Debt Elimination Success Seminar
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Section 1
A Look at Debt
History of Debt
Credit Card History
Current State of Debt
How You Got Into Debt
Good Debt Bad Debt
Business vs. Personal Debt
Section 2 Dealing With Your Money
The Two Step Plan
Doing The Two-Step
Step One
Step Two
The Paths Out of Debt
1- Create a Debt Payment Plan
2- Neogtiate Better Rates & Terms
a.Consolidation Loans
b.Consumer Credit Counseling Services
3- Negotiate Lump-Sum Settlements
4- Bankruptcy
5- The Easy Way
6- Win $1,000,000
Living Debt-Free
Manage Your Money
Make More Money
Save Money
SameMoney-MoreFun
Stay Debt-Free
You as a Business
Section 3 Dealing With Your Creditors
Alerts/Scams
The Credit Industry
Credit Industry
The Fine Print
The Secondary Debt Market
The Debt Collection Process
Original Creditor
The Charge-Off
Collection Agency
Legal Problems
Dirty Creditor Tricks
Dealing with Debt Collectors
Dealing with Debt Collectors
Statute of Limitations
Cease and Desist Letter
Section 4
The Credit Report
The Credit Report
Credit Score
Credit Repair
Section 5
Dealing With Yourself
The Critical Factor
The Art of Prosperity
The End of Failure
Prosperity Coaching
Section 6
Kids and Money
Kids and Money
How to Pay for College
Section 7
Debt Information
Bookstore
Debt Facts
Radio Show
Resources
About Us
Privacy Policy
Site Map
If you find this information helpful I ask you to contribute to help me help more people. You can contribute through PayPal by clicking on this button Or you can mail in your contribution.
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| To best take care of yourself you need to have money set aside to take care of different needs. Therefore it’s best to have separate accounts for each separate need. You wouldn’t put your children in just any childcare center. You would want to take some time to make sure that your kids were being well taken care of. Take the same care with your money. Maybe your local bank, the one you’re already doing business with, is a fine institution but give it a fresh look before you open up your prosperity accounts. After all this is your money and you want to make sure that you are treated as a prosperous person and that your money is well cared for too. This is important. |
When you open your new account I want you to do it bursting with pride. While you’re filling out the paper work think to yourself, “I wonder if this banker knows that this account is bringing me financial independence?” Maybe you’ll think it must be so obvious, that the banker must surely know what you’re doing. In fact you should tell your banker exactly what you’re doing. If you don’t feel as though you area being completely supported in this take your money and go somewhere else. It’s what you would do with your kids; it’s what you should do with your money. This is your financial future, it is a big deal. Go about the process like it is.
In this lesson we’re going to look at two different accounts. The first one will allow you to have enough money where you won’t have to sell your time for money. It’s called the “Financial Independence” account and is part of the second chamber of circulation as you will keep this money forever. Then we’ll discuss your “Annual Income” account. This is an account that allows you to take a year off from working. It is a specialized account from the third chamber as you will save this money to spend later, in this case to give yourself the ability to take a year off of work.
Financial Independence Account
When you open your “Financial Independence” account I suggest that you open a special savings account to start. As the amount of money grows it can be put into a money market account, certificates of deposit, mutual funds, stocks, bonds or any investment that makes sense to you. As this money will never be taken out it should be put into an investment vehicle that can take advantage of tax shelter strategies. For most people this would mean an IRA, as always you should check the specifics of available accounts to make sure they meet your individual needs. The goal of your “Financial Independence” account is to accumulate enough money so that the interest or return that is earns is enough for you to live on comfortably without having to work for money again. Now that’s a great goal, so let’s get started.
The first step is to figure out how much you need to live on for a year. Remember your needs may be less since you won’t be incurring the expenses of going to work. If you need $50,000 a year to live and your investments return 10% then you only need $500,000 for your account to be fully funded. Once you’ve determined what you need open up a separate account to hold your funds. This account won’t be fully funded overnight; in fact, it might take a number of years. But remember that the funds themselves will be earning more money so once you start funding the account it will start having a momentum all it’s own.
There is power in knowing that you are on the path to financial independence. In the Wizard of Oz when Dorothy stepped onto the yellow brick road it was just a small spiral, the first few steps she seemed to be going in circles. Nonsense! She started at the beginning and every step took her further down the path. Rejoice! You have started down the path to financial independence. A step must people never begin!
When you open your new account I want you to do it bursting with pride. While you’re filling out the paper work think to yourself, “I wonder if this banker knows that this account is bringing me financial independence?” Maybe you’ll think it must be so obvious, that the banker must surely know what you’re doing. This is your financial independence, it is a big deal. Go about the process like it is.
These are the affirmations that go with your Financial Independence Account.
A part of all I earn is mine to keep.
I deserve to be wealthy.
My financial independence account provides me with all the money I need.
My income increases every day whether I am working, sleeping or playing.
As you consider your financial independence account it’s important to use your prosperity tools. Write your affirmations; use your six senses and what about a financial independence theme song.
Remember you never withdraw your money from this account. But here is the fun part. You’ve going to take the interest and put it back through the four prosperity chambers. Some of it will be kept forever, kept in the financial independence account. Some of it will be put in the large purchases account. Some of it is given away and some of it is spent. In this case I suggest that you spend it on a prosperity party. One of the most important aspects of The Art of Prosperity is the reward for a job well done. You are going to thoroughly enjoy having your Financial Independence fully funded and you are going to enjoy every step along the way.
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The Art of Prosperity
Introduction
Lesson 4
The Power of Circulation
Page 3
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