You are like I once was, up to my eyeballs in it. I needed a way to go debt free.
I was working a good job at Discover Card in there collections department. I saw the problems that people had with credit cards every day.
My job was to call people on the phone that had not paid there bill in over 30 days and get them to pay me what they had signed there life away to pay.
Then one day I took it upon my self to do some math.
I had a lady that I had called each month for the last 3 or 4 months. She had a balance on her Discover card of about $5000 and the minimum monthly payment was $48.00 but each month she would be late so she got a late fee of $29.00 and that would put her over her credit limit so she would get a over limit fee of another $29.00 then I would call her and have to collect the $48.00 minimum payment and each of the $29.00 fees. This would bring her just under her credit limit so that I could turn her card back on she would then go use her Discover card again bringing her just up to her credit limit and the whole thing would start over the next month.
The siphon hose was firmly in place for the credit company Discover Card to take money from her income to fund their house a huge glass house that I worked in with a nice work out room, a diner, a track, and all the security money could buy.
This credit trap happened over and over time and again. Not just to the people that I had to call but to me and a lot of my friends. I decided that I needed to find a way out for myself. I decided that I would not let the credit industry use me to pay for there huge glass buildings that I worked in.
I went and learned what the governing bodies wanted us to know about money. I became a financial planner I studied for and passed the tests for my securities licenses. The series 6, 63, 7, 26, life, health, anything and everything I could learn from the government about money. I learned about compound interest Albert Einstein called Compound Interest the most important discovery he had ever seen, and the 8th wonder of the world.
I read a book called The Richest Man in Babylon, here I learned that thems that know interest earn it thems that dont pays it. This was one of the most important books I have ever read.
With my new freedom of my securities licenses I got confident. I was almost out of debt and was making more money than I have ever made in my life. I got a nice house in one of those up-and-coming towns I got a Mortgage for it. I got a nice brand new car with huge payments. But it sure smelled nice. I even had a dog. My life was complete, I had everything I needed and wanted: a beautiful wife and a child on the way.
Everything was great I thought then Sep. 11 happened. I was a financial planner with about 10 million dollars under management. When I woke up that morning, by later that week I had lost about half my clients and the other half had lost most of there money in one of the biggest one day crashes in history. All of a sudden my rented version of the American dream was gone. My income was gone.
My way to make money was gone and as I went crawling to the mail box the next day and weeks I opened it and there were BILLS. Did my creditors not know that I had lost my livelihood, my way to rent the American dream?
How dare they. I was in trouble. I was having a hard time putting food on the table let alone making the $449.00 car payment and the $900.00 mortgage. But you know what, they did not care. People in their huge glass buildings started calling me like I had called people years earlier. What was I to do?
I started to get educated, not in the way the credit companies wanted me to be with siphon hoses draining my checking account each month. But by people that really knew about money and how it could work for me not against me. I started reading books. I read the "Millionaire Mind" and the "Millionaire Next Door". I read "Rich Dad Poor Dad." The "Millionaire Mindset" and "Think and Grow Rich." "First Things First" "Principle Centered Leadership", and many many more books.
I went back to college to get a Degree in Business. Learning from people that had been in business for themselves. One of my professors had his own business and donated his teaching to the students and the university. This was a huge difference from the harsh corporate world that I had started my career in.
Through out the next 4 years I learned that debt and business was a mindset not a formula. Abe Lincoln Said if you think you can or you think you cant Your right That is why we start our dept elimination plan in your mind. I came up with a concept that I call the poor mans mindset. This is simply put if you think you are a victim of the system you are. If you think you are in way to deep you are and if you think you can beat it you can.
In the Native American culture they call this poor mans mindset a sole wound. They have been victimized for so long that it is hard for them to get out of that mindset. I was speaking with one of the tribal elders the other day and he said that his greatest fear is that his people wont be able to over come this soul wound. You must also over come your soul wound and get past the need to use debt in your life.
You must get out of the poor mans mindset and enter the millionaire mind. You must think a different way than you have.
I heard one time that the definition of insanity was doing the same thing over and over and expecting different results.
So from all that, came this web site. After years of studying how to pay off credit card debt and
crawling out from the wreckage of my financial life, I want to give back and help someone to not make the
same mistakes that I did. I want to see people go debt free and enjoy a debt free lifestyle. It can be done
and I am going to show you how with my debt elimination program.
Good Luck and God Bless.
"A man in debt is so far a slave,"