by Paul Smith
Have you just come to accept that debt is here to stay, it's part of your life and that you can't live without it?
DON'T BELIEVE THIS LIE!
There is a reason why the rich get richer and the poor get poorer but it's probably not for the reasons you think. A recent study released by the American Payroll Association revealed that "...65% of Americans are dependent on their next paycheck to meet current living expenses."
Is this you, living paycheck to paycheck? THIS IS SERIOUS!
The American Bankers Association reported that the amount of credit card payments 30 days or more past due was up almost 4.5%! People are stretched to the limit and have spent themselves into a serious corner that they need to get out of...now!
If this describes you, please listen up. I'm not going to give you the magic solution to all of your debt problems. Instead, I'm going to tell you why you need to do whatever it is you need to do to get out of debt as soon as possible.
WHY GET OUT OF DEBT AS FAST AS POSSIBLE?
Interest AND Payments. Not interest rates, but interest and PAYMENTS.
For every day that you remain in debt, those debt payments travel in the wrong direction; that is, they go from your pocket to the banker's pocket. If you want to stop living paycheck to paycheck, you need to reverse that trend.
In other words, make the interest payments travel from the banker's pocket to YOUR POCKET.
How do you do that?
For starters, by being debt-free. Once you get out of debt, you STOP paying interest and payments to someone else.
Second, start investing. Whether it's a savings account, money market, mutual fund or other myriad of interest earning accounts, start putting YOUR money into YOUR POCKET by placing it where the interest being made is coming to YOU, instead of going to the banker.
WHY DO THIS QUICKLY?
The more time your money spends earning interest, the greater the return and the more money that means for you. Over time, your money will build on itself and grow. Start now and significant financial growth. You need to start as soon as possible though, AND of course you probably need to be out of debt to do it.
TIME IS THE KEY!
I just gave you the two steps you need to take to transform your financial situation and reverse the trend from poor to poorer. Start today and you can go from poor to rich, over time.
Millions have done it before you. Start making payments to YOU and start paying YOURSELF interest.
Don't wait another day! Start now!
About the author
Paul Smith is author of the highly acclaimed debt elimination program,
JumpStart To Freedom. Building on his years of experience as a professional Compensation Analyst, Paul is helping hundreds of people become debt-free and
build wealth.
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