Turn your debt into wealth. It sounds nuts to most people - doesn't it? Believe or not, there really is a way to do this. How? By following a specific system, you can turn your debt into wealth in a few short years. Here's how...
First, you must eliminate your credit card debt. Just make a list of your credit card bills showing the balance along with the minimum monthly payment. Target one credit card at a time until it's paid off. Most people will try to pay "a little here and there" on credit cards, but it doesn't work. What does work is to *focus* on one debt until it's gone. Now imagine going to your mailbox and not seeing any credit card bills. How would that feel?
Second, after paying off your credit cards, then focus on paying off your car. Once you have paid off the credit cards, then use that extra money to get rid of your car payment.
Third, focus on your mortgage. By the time you pay off your credit cards and cars, then you'll have a large some of money coming in to pay off your mortgage.
Now imagine that you have no car payments, no credit card payments, no house payment, no debt at all - how much extra money would you have each month?
Once your debts are paid, then you can easily sock all of this extra money that you were wasting on debt payments into a retirement account! Seriously, just think about your own life for a minute. Add up all of your minimum monthly credit payments. This is how much extra you'll have to put towards your future wealth.
This is why it's important to get rid of debt first, and then build wealth second. After eliminating all of your bills, it won't take very long to build a sizable nest egg that you can retire on someday. You won't need to take huge risks to try to figure out how to fund your retirement. Just get rid of all of your payments first, and then turn your debt into wealth. You'll have a better future.
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