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    You Can Be Debt Free: How to Get Out of Debt and Stay There
    You Can Be Debt Free: How to Get Out of Debt and Stay There
    You Can Be Debt Free: How to Get Out of Debt and Stay There
    Ebook70 pages1 hour

    You Can Be Debt Free: How to Get Out of Debt and Stay There

    By Gary Webb

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    About this ebook

    Do you plan to stay in debt forever? Do you even have a plan to get free from your present debt or how long it will take for you to do it? I hope so, but if not, this book will help you chart that path.

    The average US household credit card debt stands at $15,593, counting only those households carrying debt. Americans owe $11.62 trillion in personal debt of various kinds. They owe $8.05 trillion in mortgages and an additional $1,122.7 billion in student loans. The bad news is that some many are in debt, it has become accepted as normal. But debt isn’t normal. It robs us of freedom to live a more flexible, fun, and fruitful life.

    This book seeks to become the first step in your journey toward financial freedom. The author himself has experienced the pain that has resulted from the last recession and has been able to help many to work through the process of removing the burden of their personal debt.

    In You Can Be Debt Free, you will learn:
    Why people make stupid decisions about money.
    Three approaches for paying off debt.
    Five steps to get out of debt fast.
    Seven indirect ways to get out of debt faster.
    Some practical insights on avoiding college debt (while still getting the degree)

    You didn't get into deep debt overnight. Well, maybe you did, but what happens in Vegas stays in Vegas. You may have gotten into debt by just one stupid decision, but you are very unlikely to get out without making many small steps in the right direction. Getting out of debt is usually a slow process that requires a clear pathway to work your way out. This book teaches some ways that debt can retired more quickly without paying it down from your paycheck, so we will look at those too. But you are going to need to keep this little book close while you take the steps included. It's not magic, but it will work. You can become financially free and then stay that way. Let's work on this together. You can do this!

    LanguageEnglish
    PublisherGary Webb
    Release dateFeb 23, 2016
    ISBN9781310196089
    You Can Be Debt Free: How to Get Out of Debt and Stay There

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      Book preview

      You Can Be Debt Free - Gary Webb

      You Can Be Debt Free

      How to Get Out of Debt and Stay There

      Dr. Gary Webb

      Smashwords Edition

      Dalton, Georgia

      You Can Be Debt Free

      Copyright © 2014 by Dr. Gary Webb

      by Dr. Gary Webb

      Copyright © 2016 Dr. Gary Webb

      All rights reserved.

      No part of this book may be reproduced, scanned, or distributed in any printed or electronic form without permission from the author.

      Smashwords Edition

      ISBN: 9781310196089

      Disclaimer

      This book is designed to provide only general information on debt reduction. This information is provided and sold with the knowledge that the publisher and author do not offer any accounting, legal or other professional advice.

      In case you need for any such expertise, consult with the appropriate professional. This book does not contain all the information available on the subject. This book has not been created to be specific to any individual or organizations’ situation or needs. Therefore, the content is necessarily general.

      Every effort has been made to make this book as accurate as possible. However, there may be typographical and or content errors. Therefore, this book should serve only as a general guide and not as the ultimate source of subject information. This book contains information that might be dated and is intended only to educate and encourage you to live a more fulfilling life.

      The author and publisher shall have no liability or responsibility to any person or entity regarding any loss or damage incurred, or alleged to have incurred, directly or indirectly, by the information contained in this book. You hereby agree to be bound by this disclaimer or you may request a full refund within the first 72 hours of purchase.

      Table of Contents

      Introduction

      Debt and Excess Weight?

      Why Do People Make Stupid Decisions about Money?

      In Over Your Head? Stop Digging!

      Benefits of Living Debt Free

      Chapter One

      How Much Do You Need?

      Why Get a Mortgage?

      Three Approaches to Paying Off a Debt

      Chapter Two

      Five Steps to Get Out of Debt Fast

      #1 Stop borrowing money

      #2 Start a basic Emergency Fund of at least $1000

      #3 Set Up a Sensible Budget and Stick To It

      #4 List All of Your Debts - Smallest to Largest

      #5 Put as Much as Possible into Your Smallest Debt

      You'll Probably Blow It Some

      Chapter Three

      Other Ways to Eliminate Debt Quickly

      Consolidation Loans

      Negotiating and Settling with Creditors

      Refinance Mortgage for Lower Rate

      Negotiate Lower Rate on Home Equity Lines of Credit

      Get Lower Interest Credit Cards

      Government Assistance

      Bankruptcy

      Chapter Four

      Avoiding Debt for College

      Appendices

      Appendix A - Your Priorities

      Appendix B - Your Budget Worksheet

      Appendix C - Ways to Balance Your Budget

      Introduction

      Debt and Excess Weight?

      I recently lost over 50 pounds using an approach that I believe will help me keep that weight off permanently. Why? Because I’ve changed many habits that had caused me to become over about 60 pounds overweight. In fact, I’m still using those principles and habits and expect to do so for the rest of my life. I still hear donuts calling my name when I go near a bakery, but that’s okay. We’re not friends anymore. I may eat one or two through the year, but it’s not that likely. I can’t afford it. I can’t afford to make stupid choices about my weight. Can you?

      I mention this because I see a great similarity between weight and debt. It has been quiet a while since I was overwhelmed with debt. It wasn’t a happy time. My wife Jane and

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