Proven Debt Killers

Bad debt is a major problem. Throughout history, debt has been used to enslave people across the country, even the world! Financially educated individuals know that the cause of the current economic collapse is due to the irresponsible use of debt, caused by financial stupidity and greed.

The only cure for this problem is financial education! Sadly, this is simply not taught in school. Yet, until the majority of people get financially educated and responsible, we will always be subject to economic problems worldwide!

Ok, let's start with those of you who are in really big trouble. Please realize that no debt elimination system will work if you are still going into debt. If you are in a very bad situation, and are throwing around words like bankruptcy, foreclosure, or suicide, you will probably need to reorganize your life and finances. I simply don't have the space here to address all the issues you must deal with. However, I can point you in the right direction.

First of all, you may be dealing with emotional issues, and very surely stress! If you have trouble with controlling spending, or some other problems, please go to my other lens about EFT. You will find it here:

Emotional Freedom Techniques

Secondly, you will need financial experts that you can trust and have a proven record of helping people. Simply put, the best that I have seen is Dave Ramsey . You will not necessarily get rich using his Financial Makeover System. But, I've seen people who were at the end of their financial rope, be able to recover fully by applying what he says. There is no easy way to do it, but it can be simple. Also, Dave teaches the first debt tactic. He calls it the Debt Snowball . You can check out his website here:

Dave Ramsey

Let's get to the first debt elimination technique. This tactic is very simple to set up, and easy to use. Unfortunately, most people don't know the first thing about how to pay off their debt. Most people just pay a little extra on this loan or that card in a haphazard manner. It will only take you FOREVER to pay off your debt if that is your method.

Instead, try using the Debt Snowball . You'll find that it's faster, and can even fun because you know that you are actually making progress killing your debt.

The idea is to focus your extra money on the card that can be paid off the quickest. When you are done with the first card, you use the money from the first card, and add it onto the payments of the second card. You are able to concentrate your money on one debt after another. Every debt you pay off gets added onto the next, until you are completely debt free!

The first thing you have to understand about any loan you have is that the banks charge you interest DAILY! On top of that, they compound it. In other words, if you look on your loan statements, you will see a small daily finance charge. Usually it's somewhere at the end of the statement in small print. The banks compound, or begin to multiply this charge monthly. Simply put: Small money becomes BIG money over time!

I know, some of you might still be scratching your heads. But that's the point. The banks don't want you to catch on. Otherwise, you might get angry...very angry.

Let's put it this way. If you have a mortgage with a 6% annual interest rate, it sounds pretty harmless, right? Well, consider this simple math. You are paying 6% per year in interest. Your mortgage is THIRTY YEARS LONG! 6% per year multiplied by 30 years equals 180% interest over the life of the loan!

6 X 30 = 180. It's that simple!

This example isn't one hundred percent accurate because of added fees and other costs. Plus, the gradual paying down of the principle, will change the overall actual cost. Math makes my head hurt, so I'm going to keep it simple for everyone. In 2008, the average house in Honolulu, where I live, is over $600,000. So let's say you bought a mediocre house in Honolulu for $600,000.

$600,000 X 180% Interest for 30 yr. Mortgage = $1,080,000 in interest for the mortgage

Add in the $600,000 for the actual price of the house, and you end up paying $1,680,000!

If you saved up for 30 years, you could almost buy THREE HOUSES for the price of one with a mortgage!

Starting to get angry?

You might be thinking, "Well, I can't wait 10 years to save up for a house. I need to buy a new property now!"

Well, I have the answer for you. It's called Reverse Interest Compounding.

What is Reverse Interest Compounding? Remember above when I talked about the banks compounding your finance charge daily, and you got angry? Well, they were compounding interest. This is the reverse. Instead of the banks getting that money, with this proven system...YOU get it! That's what Reverse Interest Compounding means!

Reverse Interest Compounding is the same method many Fortune 500 companies use to eliminate their enormous debts quickly. A group of women accountants in New Zealand figured out how the average person would be able to use it for their own finances. It is now huge in New Zealand, Australia, and the United Kingdom. It came to the U.S. through Honolulu, Hawaii, and is spreading throughout the country. I even saw a 30 minute paid commercial for one book and software on Reverse Interest Compounding. Currently, there are many companies helping people here.

So what can it do for you? Well, you can use Reverse Interest Compounding to eliminate smaller loans, like credit cards, car loans, student loans, etc. often within a year. 30 year mortgages can be paid off in about 7 through 10 years, while saving tens of thousands of dollars worth of interest or more!

You will not need to set aside money to dedicate to debt payments. Therefore, it will not be necessary to change your lifestyle, since it is set up to operate automatically. In other words, you are simply throwing away money and time by paying your debts without using Reverse Interest Compounding!

The secret is in using a line of credit in a certain way that will automatically make the interest of your loans to compound for you! Most people already have a credit line attached to their checking account to prevent your checks from bouncing. You can easily use this to start getting rid of small debts. To get rid of a large debt, like a mortgage, you will probably need to get a Home Equity Line of Credit (HELOC).

Next you must get the proper software to tell you how much money to pay from your line of credit to your debts and when. I'll tell you later where to get the software.

Also, remember that you must have your finances under control. As I said before, no debt elimination program will work if you are still getting more bad debt. In order to qualify for this Reverse Interest Compounding you must have positive cash flow. Even if its only a dollar. Positive cash flow means that after you have paid all your expenses for the month, you still have some money left over. If not, please go back to the section about Dave Ramsey's system.

It also helps to have good credit, since you may need to get a HELOC. As they say, get a line of credit BEFORE you need it. So, even if you may not be ready to use this system yet, it might be a good idea to get a line of credit now. As long as you don't use it to add to your debt mess.

The most obvious benefit is that you will be able to destroy all your debt in a fraction of the time with a fraction of the effort!

But what if you own a business? Eliminating your business's debt would increase your profit margins. Remember, the biggest companies in the world are already using this system, why aren't you?

What about investing for your future? Robert Kiyosaki, Loral Langemeier, Donald Trump, and other financial educators all promote real estate investing as a viable wealth builder. Think about it, if you can accelerate your debt elimination using Reverse Interest Compounding; why not use it to pay off investment property mortgages.

Let's say that you acquire a property and rent it out. Your tenant will pay off the monthly mortgage payments. Let's say the monthly mortgage payment for a 30 year mortgage on the rental property is $2000. Using Reverse Interest Compounding, you don't have to wait 30 years for your tenant to pay off the mortgage. It could take 7-10 years instead. Not to mention, the more investment properties you have, the faster you can pay them off. If you have one rental property's mortgage paid off, YOU would now keep the $2000 every month!

What if you had 5 properties paid off? 5 X $2000 = $10,000 every MONTH! Could you retire off of that? What if you had 10 properties, or moved up to apartment buildings, or commercial buildings?

Or would you rather have your future enslaved to the ups and downs of the Stock Market. Don't forget recessions, depressions, inflation, disasters, or medical emergencies. Cancer alone could cripple your health and wealth! The decision is yours.

The first company that I heard of that used this system was Tardus Wealth Strategies . Not only do they teach Reverse Interest Compounding, but they are also huge fans of Robert Kiyosaki. So unlike most other companies who market Reverse Interest Compounding, they will also help you to build wealth!

However, the price of this fantastic client service comes with a price of over $3000.00, minimum. That's why they first qualify you to see if you can use Reverse Interest Compounding. If not, they usually give suggestions on how to improve your situation, so that you can eventually qualify. Actually, almost all the companies offering Reverse Interest Compounding are in that price range. Also, using the Reverse Interest Compounding method will enable you to quickly pay off their price tag.

On the other hand, if you would like to save some money, check out the option below instead!

This is a much more affordable alternative to most companies that specialize in Reverse Interest Compounding. Equity Excel costs less than $300, just a tenth of the price of most other companies. If you are willing to try it from home through your own computer, you can give Equity Excel a shot.

Also, they offer a one-year double your money-back guarantee. If within one year you feel that this isn't working for you, they will double your money back to you. There is no risk to try it out.

Click Here!