The Debtinator: A Step-By-Step System to Eliminate Your Debt
By iMoneyCoach
()
About this ebook
Are you struggling with debt, wanting to get out, but aren't sure how? Or maybe you've tried unsuccessfully, paying a little extra to all of your debts each month, but can't get the traction you need to get anywhere.
The Debtinator walks you through a proven system that will help you build a plan for eliminating your debt as fast as possible. And the Debtinator will help you understand the simple principals of getting out of debt like paying the minimums on all of your debts and not focusing on interest rates.
Getting out of debt is the first step to taking control of your finances. Following the plan in this book will give you the confidence and motivation and knowledge you need to keep working towards loving your life and achieving financial freedom.
iMoneyCoach
iMoneyCoach exists to reclaim America's Financial Freedom and bring people to a place where they can honestly say, "I love my life!" We believe that money is the smallest part of your finances, and in order to make your finances work it is important to examine the different areas of your life and create balance. We have a variety of ways to help you do this, including books, workbooks, a proven debt elimination system, a free online resource center, and our online interactive financial training courses. See http://www.imoneycoach.com to learn more and take the first step towards improving your financial future."
Read more from I Money Coach
Tell Your Life Story: A Legacy for Those You Treasure and Love Rating: 0 out of 5 stars0 ratingsThe Spending Plan Rating: 5 out of 5 stars5/5What You Should Know When Deciding Whether to Buy a New or Used Car Rating: 3 out of 5 stars3/5Money is the Smallest Part of Your Finances Rating: 0 out of 5 stars0 ratingsThe iMoneyCoach College Planning Guide Rating: 0 out of 5 stars0 ratingsKids & Koins: Teaching Your Kids About Money Rating: 5 out of 5 stars5/5Generating Extra Income with eBay and Craigslist Rating: 4 out of 5 stars4/5
Related to The Debtinator
Related ebooks
Eliminate Your Debt An In Depth Guide Rating: 0 out of 5 stars0 ratings44 EZ Solutions to Stretch and Conserve Your Dollar Rating: 0 out of 5 stars0 ratingsNo More Debts: A Handy Guide With 6 Effective Tips To Be Debt-Free & Saving Up Money Rating: 0 out of 5 stars0 ratingsHow To Become Debt-Free Rating: 0 out of 5 stars0 ratingsDebt Free Blueprint Learn Strategies To Get Out Of Debt Fast, Pay Off Mortgages, Credit Card And Money Management Skills Rating: 0 out of 5 stars0 ratingsZero Debt: The Ultimate Guide to Financial Freedom 2nd edition Rating: 0 out of 5 stars0 ratingsGet Out of Debt! Book Four: Putting Your Financial Life Back Together Rating: 4 out of 5 stars4/5How To Get Out Of Debt Forever! Use These Step-by-Step Tactics That Helped The Author Get Out of $6,000 In Personal Debt! Rating: 0 out of 5 stars0 ratingsLet Me Teach You To Be Rich: A One Month Strategy That Truly Works Rating: 0 out of 5 stars0 ratingsHow to Get Out of Debt Rating: 0 out of 5 stars0 ratingsRaise Yourself From Debt to Wealth Rating: 0 out of 5 stars0 ratingsHow to get out of debt the easy way Rating: 0 out of 5 stars0 ratingsDebt Elimination and Wealth Creation for Beginners: The Easy Way to Get Out of Debt and Build Wealth from Nothing Rating: 0 out of 5 stars0 ratingsDebt Freedom: A Realistic Guide On How To Eliminate Debt, Including Credit Card Debt Forever Rating: 3 out of 5 stars3/5Financial Freedom for Six-Figure Entrepreneurs: Lower Taxes, Build Wealth, Create Your Best Life Rating: 5 out of 5 stars5/5Debt Management 101 - How To Get Out Of Debt Fast Rating: 4 out of 5 stars4/5Debt Free for Life (Review and Analysis of Bach's Book) Rating: 5 out of 5 stars5/57 Steps to Financial Freedom Rating: 0 out of 5 stars0 ratingsWhy Your Not Rich? Discover the Secrets of How the Rich Got Richer Chapter 3 Well Tell You Exactly How Rating: 0 out of 5 stars0 ratingsYour Income Should Increase Every Year 2: Financial Freedom, #151 Rating: 0 out of 5 stars0 ratingsThe Magic of Income Investing: Grow Your Pension: MFI Series1, #10 Rating: 0 out of 5 stars0 ratingsFinancial Freedom Rating: 0 out of 5 stars0 ratingsGoing Home... Renting to Home Ownership in 10 Easy Steps Rating: 0 out of 5 stars0 ratings5 Steps To Build Your Financial Wealth: 1, #3 Rating: 0 out of 5 stars0 ratingsPassive Real Estate Investing: How to Make a 9% Return: Quit Your 9–5 and Retire Early From Rental Property Income Rating: 0 out of 5 stars0 ratingsMoney Management & Financial Budgeting 2 Books In 1: A Beginners Guide On Managing Bad Credit, Debt, Savings And Personal Finance Rating: 0 out of 5 stars0 ratingsHow to Buy & Track 30-Year Treasury Bonds: Financial Freedom, #51 Rating: 0 out of 5 stars0 ratings
Personal Finance For You
The Psychology of Money: Timeless lessons on wealth, greed, and happiness Rating: 5 out of 5 stars5/5Rich Dad Poor Dad Rating: 4 out of 5 stars4/5Same as Ever: Timeless Lessons on Risk, Opportunity and Living a Good Life Rating: 5 out of 5 stars5/5Personal Finance For Dummies Rating: 4 out of 5 stars4/5The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns Rating: 4 out of 5 stars4/5Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! Rating: 4 out of 5 stars4/5Investing For Dummies Rating: 4 out of 5 stars4/5Money Hacks: 275+ Ways to Decrease Spending, Increase Savings, and Make Your Money Work for You! Rating: 4 out of 5 stars4/5UNSCRIPTED: Life, Liberty, and the Pursuit of Entrepreneurship Rating: 5 out of 5 stars5/5The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime Rating: 5 out of 5 stars5/5Principles: Life and Work Rating: 4 out of 5 stars4/5Legal Loopholes: Credit Repair Tactics Exposed Rating: 5 out of 5 stars5/5Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes Rating: 5 out of 5 stars5/5Personal Finance 101: From Saving and Investing to Taxes and Loans, an Essential Primer on Personal Finance Rating: 4 out of 5 stars4/5Flipping a Switch: Your Guide to Happiness and Financial Security in Later Life Rating: 0 out of 5 stars0 ratingsThe Barefoot Investor: The Only Money Guide You'll Ever Need Rating: 4 out of 5 stars4/5Get the Hell Out of Debt: The Proven 3-Phase Method That Will Radically Shift Your Relationship to Money Rating: 5 out of 5 stars5/5Set for Life, Revised Edition: An All-Out Approach to Early Financial Freedom Rating: 4 out of 5 stars4/5Just Keep Buying: Proven ways to save money and build your wealth Rating: 5 out of 5 stars5/5Win In Court Every Time Rating: 5 out of 5 stars5/5Girls That Invest: Your Guide to Financial Independence through Shares and Stocks Rating: 5 out of 5 stars5/5How To Budget And Manage Your Money In 7 Simple Steps Rating: 4 out of 5 stars4/5Rich Dad's Cashflow Quadrant Rating: 4 out of 5 stars4/5One Up On Wall Street: How To Use What You Already Know To Make Money In Rating: 5 out of 5 stars5/5The Bogleheads' Guide to Investing Rating: 4 out of 5 stars4/5MONEY Master the Game: 7 Simple Steps to Financial Freedom Rating: 4 out of 5 stars4/5Start Thinking Rich: 21 Harsh Truths to Take You from Broke to Financial Freedom Rating: 5 out of 5 stars5/5
Reviews for The Debtinator
0 ratings0 reviews
Book preview
The Debtinator - iMoneyCoach
The Debtinator
~
A Step-By-Step System to Eliminate your Debt
By iMoneyCoach
Published by iMoneyCoach at Smashwords
Copyright 2010 iMoneyCoach
Discover other iMoneyCoach titles at Smashwords.com
Smashwords Edition, License Notes
This ebook is licensed for your personal enjoyment only. This ebook may not be re-sold or given away to other people. If you would like to share this book with another person, please purchase an additional copy for each recipient. If you’re reading this book and did not purchase it, or it was not purchased for your use only, then please return to Smashwords.com and purchase your own copy. Thank you for respecting the hard work of this author.
Cover design by B POSITIVE INC
For more information, visit iMoneyCoach.com
Table of Contents
Introduction and Workbook Summary
Section 1: Understanding Debt
Section 2: Defining Your Debtinator Margin
Section 3: The Debtinator System
Section 4: Next Steps
A Final Note
******
Introduction and Workbook Summary
Debt is an alarming problem in our society.
Debt is far too common in our country. At iMoneyCoach we believe you can become debt free and successfully manage your money.
Everything we do is affected by money and how we handle money. From going to the store, to mowing the lawn, to taking the kids to school - money plays a part.
Freeing yourself from debt is one of the first steps to taking control and improving how you handle money.
Our goal for you (and hopefully your goal for you) is to be debt free now and in the future. Then you can begin to build your financial freedom. Getting out of debt need not be an overwhelming process. When you remove the emotion from it, it is really just focused effort and simple arithmetic.
Let us look at the current debt epidemic and what being debt free can mean for you…
Reality Check
Debt is an Alarming Epidemic in Our Country.
Debt – America’s Burden
America is currently facing its highest debt black hole,
in history with a total of $48 trillion. Lest that become a meaninglessly huge figure to skim over, that breaks down to $161,287 per man, woman and child--or $645,148 for a family of four.
While this figure includes home mortgages and car loans, over $9,000 per family represents credit card debt.
How are we keeping up with all this debt? We are not!
Research shows that 47% of households have been called by a bill collector in the past year. Almost half of households missed, or were late with a payment, resulting in late fees that average $39 each.
Most companies also penalize cardholders after only one late payment by increasing the interest rate significantly. This means that households with the average amount of credit card debt would pay an additional $1,100 each year. This causes