• Lower your monthly payments
  • Reduce stress and live your life
  • Avoid personal bankruptcy court

How do you plan to get out of debt? Win Debt Cures and Total Money Makeover

Hello-

Tell me how you plan to get out of debt.  I want to help others get out of debt.  Share your plan for getting out of debt or how you have freed yourself from credit card debt and hopefully it will inspire others who are struggling to get out of debt themselves.

The best story gets a free copy of Debt Cures AND The Total Money Makeover!

I will run this contest for a month and at the end of that month I will announce the winner here in this post and send you a free copy of both Debt Cures AND The Total Money Makeover.

So send in your best tips and plans for getting out of credit card debt, reducing what you owe, lowering your interest rates, etc.

Thanks and have a great day!

Looking forward to your helpful submissions.

-Adam

Debt Cures Reviews

30 days to getting out of debt

Hello-

Since starting this site about Debt Cures and offering reviews of Kevin Trudeau’s Debt Cures book, I’ve done research and learned much more than I already knew about what it takes to get out of debt and improve your credit.

Starting today, I wanted to offer you some of what I have learned.  I have compiled the tips I’ve learned and articles I’ve found and put them all in a 30 day course and I wanted to give it to you for free.

All you have to do is enter your name and email address and your biggest question or problem about getting out of debt or improving your credit and you’ll start getting the free lessons.

Then, for the next 30 days, you will get an article or tip on managing your debts, improving your credit, starting a budget and sticking to it, and saving money when you think you have nothing left in your paycheck to save.

So just sign up below and confirm your email address and you’ll get the first lesson.

Thanks and have a great day!

-Adam

Debt Cures Reviews

How to get out of debt

Hello-

Kevin Trudeau, Dave Ramsey, Suze Orman – they all want you to get out of debt. That’s why they write books like Debt Cures and The Total Money Makeover. Sure, they make money selling books, but they also would like to see those books help you so that they can sell more books later. If their books were worthless, people would stop buying them. They try to provide you useful information that can help you solve your debt and money problems.

Millions of people are in debt up to their eyeballs and they want a way out. Many of the times, people want a fast and easy way out. Why else would a book with a title of “Debt Cures” be so appealing – you can cure your debt problems overnight. It just doesn’t work that way most of the time.

So how do you get out of debt? Everyone knows the answers – spend less than you earn, make more money, stop using credit cards, live below your means, if you cannot afford to pay cash for something, don’t buy it. The list goes on and on.

In the future, I’ll post some more tips from Ramsey’s and Trudeau’s books but with this post I wanted to talk to you about your car. I used to work at an insurance company a couple years ago. I worked there for about 4 years. Everyday, I would talk to people who wanted to add a new car to their auto policy and take off the old one.

I would be amazed at people who would call in and ask why their insurance rates went up when they just added a brand new 2008 Honda and took off the 1997 Honda. “It has all these new safety features,” they would tell me. And my reply would be, “well yeah!, but those new safety features cost more to fix if you’re in an accident!”

And then after we finished making the changes they would go talk to the bank about the financing for their brand new automobile. A few months later, the customer would call in saying they were having trouble making their payments and wanted to see if we could help them out. Some times we could and some times it was too late.

What’s the point of all this Adam?

The point is that if you always have a car payment to make because you want a nice shiny new car every few years, you’re not going to have much extra money left over at the end of the money to pay your bills or save for retirement. If you’re always shelling out $300, $400, or $500 a month or more each month for a car payment plus another $50-$200+ a month for insurance, you’re going to have a hard time getting out of debt.

How much faster would your debt go down if you could add an extra $700 a month to your credit card payments? In one year, that would be an extra $8,400 you could apply to your credit card debt. How long would it take you to get out of debt?

So what’s the answer?

Don’t buy a new car. There’s tons of certified used cars out there that will work just as well as the nice smelling new ones. It requires sacrifice to get out of debt. You have to be willing to change your habits to pay off your debt. Wait an extra year or two before you rush out and buy the latest and greatest offering from Toyota or Chevy. See what it’s like to not have a car payment for a year or two. See how much more money you’ll have each month when you don’t have to pay so much each month for your nice smelling car.

I have never had a car payment. I have never had a new car. All the cars I’ve bought, I’ve paid cash. Yes, that means I drive a 1994 Toyota Camry.

But then I don’t have to complain about making my big car payments each month along with the high insurance rates.

In the Millionaire Next Door, Dr. Stanley talks about this very same idea. Most millionaires don’t go out and buy new cars every few years. There are some that do but the majority are frugal and do not. Warren Buffet, one of the richest men in the world, still drives an 2001 Lincoln Town Car with the license plate of “Thrifty” on it.

Dave Ramsey also mentions it in The Total Money Makeover.

Think about it. Do you want to get out of debt or do you want a new car with a new car payment?

Have a great day!

-Adam

Debt Cures Reviews

6 books to help you get out of debt

Hello-

Not sure if you want to buy Debt Cures with all the negative reviews it has? Or want to expand your reading and get a different point of view for getting out of debt? Here are some books that I have and recommend to help you get out of debt and increase your income.

The way I see it, it is easier to make more money to pay off your debt than it is to just try to pay down your debt with your current income. That’s why some of these books are about making money in addition to getting out of debt.

The first one is Dave Ramsey’s Total Money Makeover. Several people have commented they enjoyed this book and it has helped them with their debt problems.

Dave Ramsey's Total Money Makeover

The Wealthy Barber is an easy to read personal finance book. He tells a story with likable characters about how to get out of debt and how to build wealth slowly. Most of us don’t have enough money to build wealth quickly so most of us would fit into this category of building wealth slowly.

the wealthy barber

The Richest Man in Babylon is one of those classics that provides the timeless secrets of success that we long for. It uses parables to tell the story of how to spend less and how to save money for the future. I’ve read this one several times and thoroughly enjoy it each time.

The Richest Man in Babylon

The Millionaire Next Door is one that really opened my eyes to what millionaires really live like. They don’t all have to have the fanciest cars and biggest houses. Some of them live quite simply and are happy living on less even though they are millionaires. So if you thing you have to show off your wealth then think again. This book will teach you about saving money and earning money. Highly recommend it.

The Millionaire Next Door

Secrets of the Millionaire Mind is similar to The Millionaire Next Door but it mainly deals with how you think about money. If you have a negative connotation when you think of money then you need to get this book. It will help you see that money is not evil. Wanting more money is not evil.

Secrets of the Millionaire Mind

The Wisdom of Andrew Carnegie as Told to Napoleon Hill contains the 17 principles of success that were briefly mentioned in Think and Grow Rich but expands on them. It contains more details about how to get what you really want and it’s more practical than The Secret.

The Wisdom of Andrew Carnegie as Told to Napoleon Hill

Those are my beginning books on getting out of debt and making more money. Each one can help you improve your thinking about money and your handling of it.

If you’re looking for an alternative to Kevin Trudeau’s Debt Cures, then I would suggest picking up a few of the recommended books. You could also see if they are available at your local library or even at a half priced book store.

Send in your comments if you have other recommendations of comments about any of the books mentioned.

Thanks and have a great day!

-Adam

Debt Cures Reviews