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Success Rate for Debt Soars: Consumers Baffled
December 9, 2003
I once heard a successful business man say; “If I could make a man
sacrifice for five years of his life I could make him rich.” WHY? Is there
some secret five year plan that we should all know about? Well -- not
really. The truth is it’s not landing the right job, owning that great
business, or investing in those special stocks. It’s about control over
spending habits. Without that no amount of money will ever make a
difference.
Groton, VT (PRWEB) --The answer to most debt problems, even for those
unexpected maladies like that $1500 transmission problem, can be traced back
to a track record of poor money management. When the successful business man
talked of sacrificing for five years he was speaking of learning to control
spending habits. After all, what good is a six figure income if you’re
consistently spending more than you take home? But the consumer is not all
to blame.
As if exerting self-control was not in and of itself a monumental task,
there are powers that be with a keen interest on your wallet. Like H. G.
Wells once wrote of those cold and unsympathetic Martians that keenly
scrutinized humans with envious eyes, these powers dangle enticing offers
while looking at your wallet with their own envious eyes. They are masters
at deception. There shiny tokens of plastic offer you the illusion of power,
prestige, and a false sense of security. And when you look at all that
buying power you begin to believe yourself that you’re worth more than what
your take home pay allots. Beware; you are now behind the wheel of
uncontrolled spending heading straight toward the land of minimum payments.
Your debt is their success.
Without control in our lives of how we spend our money we will never join
the ranks of the 4% in America who are financially independent. If you need
proof then look no further then the 1953 graduating class of Yale
University. Only 3% considered it in their best interest to write detailed
plans of financial goals they wished to achieve. Twenty years later those 3%
were worth financially more than the combined 97% of their classmates.
To many, the thought of controlled spending means sticking to a budget. But
controlled spending is only one part of your financial success. Gene Jolley,
President of Kingdom Financial Principles (KFP) and creator of the Rapid
Debt Reducer software, continues to give sound financial advice to consumers
baffled by debt dilemmas. Strategies for overcoming debt include: when to
act, setting goals, spending analysis, needs vs. wants, savings, tax
protection, investments, dollar-cost averaging, and when and how to increase
savings.
Are you behind the wheel of minimum payments? Do you believe the masters of
deception? They want the headline to read: "Success rate for debt soars:
consumers baffled."
Four percent (4%) of Americans are financially free. Why not you?
Contact:
Gene Jolley
Kingdom Financial Principles
877-584-0536
http://www.solongbills.com
http://www.rapiddebtreducer.com
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