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“I believe that through knowledge and discipline, financial peace is possible for all of us”– Dave Ramsey.
It is possible to screw up financial plans and goals in a blink of an eye. There are books on how to have a financial meltdown and some on how to fix such an issue. There are not enough books and presentations on creating financial success through proper management. One of the easiest ways to create a meltdown for people today, especially high school graduates, is to send them to college. This creates an air of financial failure, unless the parents are rich or the student has a complete “ride” from scholarships.
Making more money does not always mean more freedom, creating less debt means more freedom.
Once you have the basic idea to remove debt, you can survive on almost any income level that is suitable to sustain life.
Removing Debt one step at a time
The average level of debt is around $10,000 dollars and this is just for credit cards. This does not include student loans, mortgages or other types. Therefore, it can be safe to assume the mounting level of debt does not lead to financial independence. When it comes to financial management, the basic principle is to remove debt from the account ASAP. It does sound daunting, but if the amounts are rolled up in a nice package. The bottom debt will vanish. You do not have to starve yourself, but you may want to forgo some luxuries for a better part of a year or two. Making the minimal payments is important for your credit rating. Freedom will come, but it does take discipline and focus.
Your Financial Future
Finding the right places to invest can secure your future and bring a total change to your financial situation. After working down your debt, you can find stocks, CD’s and other investment elements for your cash. Most of the available options are long term and pay off nicely; there are penalties for pulling out early. In a duel income house, one can help cover the debt and the other can invest into the future. At one point, you may want to pull from an investment and drop the cash into the debt payment department to help erase some of the strain. Do not over extend your ability to plan your financial future. Even if you only save a few dollars at a time, this will build up interest in a savings account and pay off in the end. It is wise to have a nest in case of emergencies.
David and his wife, Ann have been significantly involved in direct marketing and direct sales for years, serving as a distributor (team member), speaker, trainer, Top Leader, and author in the industry on a worldwide basis. Working together, they coach, mentor, and train those seeking empowerment, greater self-esteem and branding image, and training people seeking financial success and personal life freedom.
David and Ann have grown their business that today spans over 40 countries with over 65,000 team members.
For more information go to: www.AnnandDavidFeinstein.com
Above all else, Ann & David are focused on mentoring and leadership. Their combined expertise in recruiting, coaching, training, and international development has made Ann & David much sought-after direct sales business experts.
The Feinstein’s approach marries both classic MLM and the technology advances of the Internet and social media.
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