Smash A Debt

Yes, I hear you asking, “HOW is it possible to be debt free”?

Fair questions require answers that make sense. Not many folks have the means to immediately pay off all their debts so there has to be better options. Some advisors may tell you to put all your net income [take home pay] into separate envelopes each pay period, i.e. mortgage payment, food, gas, eating out, the dog groomer, new clothes, dry cleaners, kids lunch, piano lessons, uniforms, etc.

Once I began to make envelopes for every expense [I didn't like it, so I quit]. My choice is the computer rather than a manual system. You have to decide which will work best for you and your family. My guess is the fallout rate for the envelopes system is very high because most of us are too busy living life rather than getting bogged down in “dullsville”.

You and I live in the computer age where most of us appreciate speed and convenience plus the “brains” accuracy of the computer software. If you don’t have personal access or own a computer then you’re missing so much today and more in the future. Your ‘78 Plymouth will not last much longer and the heater is about shot, air conditioning is not even a dream.

Just kidding, the thought brings back memories. Keeping up with the marketplace is better for our economy [you're spending money] it’s best for YOU to stay on the cutting edge. If we get down to the basics of easy money, we save 42 cents for every bill we pay electronically and you can too, not counting the time we’d lose writing out checks, envelopes, etc. Savings in the postage expense is $10 to $20 a month which would buy you a nice computer from Dell or any computer of your choice.

It just makes sense to us with the benefits of automation. Repeat bills get paid automatically which is important when a missed mortgage payment, water bill, credit cards, etc. can cause serious problems. As you know, banks and credit card firms have huge fees waiting to hit us between the eyes if we are late with a payment.

Becoming DEBT free is our goal for you and the “system” requires a computer. Your biggest debt is probably your home mortgage, cars, trucks, children [you add the rest] the cost of living today is very expensive for all of us. Having money left over at the end of the month is a real challenge because….. [you fill in here]… at my house it’s eating out, buying “stuff” for the grandkids, taking trips, planning a cruise, etc. Fortunately, we are debt free.

Yes, being debt free is wonderful, however, we want to help you become debt free much faster than we did it. 30 years is too long to pay off your home mortgage when it’s possible to have your home “free and clear” in 1/3 to 1/2 the time. When we had a 30 year mortgage with our friendly banker, he never told us we could pay off our mortgage early. Why? Banks LOVE the money you send every month because the first 10 to 15 years is mainly INTEREST that goes into banking coffers, not yours, to pay their huge salaries, bonuses along with all the perks.

USA America and the world, as we know it, is drowning in personal and national debt with no end in sight. It seems our political leaders are trying every solution possible only to add more debt and confusion in the marketplace ~ particularly the workforce ~ struggling to keep their jobs so they can pay the bills ~ home mortgages, car loans, consumer debt, plus food, clothing, school fees and more ~ it becomes overwhelming for all of us. Mortgage interest is a bankers dream, easy money, on time financing for all the years they can drag you along. Refinancing is a bankers 2nd dream. Don’t do it.

Few people are untouched by these difficulties, causing anxiety, worry, fear which often pushes us over the top. Child abuse and spousal conflicts are usually impacted when family finances are a major problem with no relief in sight. Suddenly, we see more children and their parents without a home and no place to go. None of us are guaranteed life as it has always been. Our only hope is in GOD, seeking HIS direction for our future.

There’s no question that some folks will fall through the cracks. Lost jobs have forced many folks to draw unemployment benefits while seeking new jobs, Senior Citizens pray their Social Security check arrives on time. Everyone is skating on thin ice because most have spent money when we should have been saving for a rainy day. Instant gratification has become a habit in satisfying our wants rather than meeting our needs and obligations.

Sub-prime mortgage holders were duped into buying homes they could not afford. Easy money was obviously the cause, encouraged by our financial systems management. Everyone had their hand in the pot because of greed and an attitude of who cares. Even an idiot could see there was a devastating tsunami on the way. Can anything good come from this?

Recently, Ron [our son] discovered United First Financial. Following their money management system, he discovered how his family could pay off ALL debts [money owed] in less than 11 years, including two home mortgages, 2 car loans, consumer debt Vs over 20 years under the banks original contracts. Interest Savings turned into RETIREMENT FUNDS for his family.

For years, the question has been asked…”How can I pay off my home mortgage?” Truth is, you can manually do it if so inclined. You can find all kinds of “books” on the Internet. However, the BIGGER question is WHY don’t folks do it? For some, math is a huge challenge and it’s too much trouble to keep up with a manual system. Today, most of us prefer using computers for the benefit of automation, speed, accuracy and convenience.