7 Steps to Get Out of Debt and Build Wealth (eBook)

How I Paid Off Over $390,000 of Debt and Built a 7-Figure Net Worth by Implementing the Supercharged Financial Strategy

Adeola Omole (Autor)

eBook Download: EPUB

2018
132 Seiten
Millenium Asset Management Corp (Verlag)
978-1-7752344-1-8 (ISBN)

Infos

A 7-Step Plan to Financial FreedomWhen it comes down to this matter... of life or debt... this book offers a blueprint for escape - great work! - Derek Foster, bestselling author of The Idiot MillionaireThrough inspirational stories and nuggets of wisdom youll be motivated to pay off your debt... and enjoy financial freedom, too. - Sean Cooper, bestselling author of Burn Your Mortgage At the age of 27, Adeola Omole experienced a life altering layoff that resulted in her being out of work for 18 months. She was forced to face her six figure debt head on, and was terrified at the prospects of losing her home, and potentially having to file for bankruptcy. Today, she is debt-free, including mortgage free, and has amassed a 7-figure net worth. In 7 Steps to Get Out of Debt and Build Wealth she takes you through her journey from drowning in debt to attaining financial freedom.7 Steps to Get Out of Debt and Build Wealth shares the strategy that Adeola developed after her life-changing experience in her twenties, whien she was a new lawyer. This proven strategy helped her pay off over $70,000 of consumer debt in less than three years, pay off over $320,000 on her mortgage in 12 years, and also helped her reach a net worth of over $1,000,000 when she was in her thirties.In 7 Steps to Get Out of Debt and Build Wealth Adeola lays out the steps she took to reach financial freedom, and shows you how you can do the same! She offers inspirational personal stories, and actionable steps that guide you through the financial blueprint she used to attain financial freedom. Now it's your turn to transform your life with this simple, straight-forward essential handbook that shows you how to: Get into the right mindset so you can take control of your financial life; Prioritize your monthly debt payments so you can pay off your debt faster; Formulate a wealth creation plan that will allow you to live the life that you want; Build life changing wealth that gives you the option to start living your lifes purpose; Accumulate funds that allow you to purchase stocks, real estate, and other wealth creating assets; Develop a money management system that sets you up for success; Create your own personalized Debt Repayment Schedule; Find extra money to Supercharge your debt payments; Find extra money to build your emergency fund; Start paying cash for big ticket items; Maintain a debt free lifestyle... and much more.Packed with so much financial wisdom and tangible tips,7 Steps to Get Out of Debt and Build Wealth will motivate you to pay off your debt faster, and will help you formulate a personalized plan to attain financial freedom, become financially independent, and live the life that you want to live.

Inhalt

Table of ContentsINTRODUCTION. . . . . . . . . . . . . . . . . . . . . . . . . .11False Beliefs About Debt . . . . . . . . . . . . . . . . . . 13The Truth About Debt . . . . . . . . . . . . . . . . . . . . 13Types of Debt . . . . . . . . . . . . . . . . . . . . . . . . . . 14CHAPTER 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . ..17STEP 1 Debt Motivation Statement. . . . . . . . . . . 17CHAPTER 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . ..23STEP 2: Get to Know Your Debt. . . . . . . . . . . . . .23Secured and Unsecured Debt . . . . . . . . . . . .26Prioritizing Monthly Debt Payments . . . . . . 27List Your Debts . . . . . . . . . . . . . . . . . . . . . 28Debt Repayment Methods . . . . . . . . . . . . . .29A Word About Credit Cards . . . . . . . . . . . . 31Two Important Points . . . . . . . . . . . . . .34CHAPTER 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35STEP 3: SDRP Debt Repayment Schedule. . . . . 35CHAPTER 4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43STEP 4: Develop a Money Management System 43Set Your Goals and Priorities . . . . . . . . . . . 44Make a Vision Board . . . . . . . . . . . . . . . . . 48Track Your Spending and CutYour Expenses . . . . . . . . . . . . . . . . . . . . . .49Net Monthly Income . . . . . . . . . . . . . . . . . 55Sample Monthly Budget . . . . . . . . . . . 58Create Your Monthly Budget . . . . . . . . . . . 59Monthly Bill Payment Schedule . . . . . 60Needs and Wants . . . . . . . . . . . . . . . . . . . .62Needs . . . . . . . . . . . . . . . . . . . . . . . . .66Wants . . . . . . . . . . . . . . . . . . . . . . . . .66Maximizing Your Debt RepaymentProgram . . . . . . . . . . . . . . . . . . . . . . . . . . 67CHAPTER 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 71STEP 5: Add Extra Money to the Debt With theSmallest Balance. . . . . . . . . . . . . . . . . . . . . . . . . .71How to Free Up Cash . . . . . . . . . . . . . . . . .73CHAPTER 6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 77STEP 6: Build an Emergency Fund. . . . . . . . . . . .77Events That Do Not Warrant DippingInto Your Emergency Fund . . . . . . . . . . . . .81Steps To Building An Emergency Fund . . . . 82CHAPTER 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .87STEP 7: Maintain Your Newfound Debt Free Statusand Implement SWAP Strategy. . . . . . . . . . . . . . .87Maintaining a Debt Free Life . . . . . . . . . . . .88SWAP Program . . . . . . . . . . . . . . . . . . . . . 90Set a Goal . . . . . . . . . . . . . . . . . . . . . . . . . 91CHAPTER 8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .95Other Debt Management Options. . . . . . . . . . . . . 95OPTION 1. Debt Settlement . . . . . . . . . . . . 95OPTION 2. Debt Management Programand Consumer Proposals . . . . . . . . . . . . . . .97Debt Management Program . . . . . . . . . 98Consumer Proposal . . . . . . . . . . . . . . . 100OPTION 3. Bankruptcy . . . . . . . . . . . . . . . .100CHAPTER 9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .103Wishing You Success .103Parting Thoughts . . . . . . . . . . . . . . . . . . . . .103AFTERWORD. . . . . . . . . . . . . . . . . . . . . . . . . . . . .107Snapshot of Debt . . . . . . . . . . . . . . . . . . . . .107ACKNOWLEDGMENTS. . . . . . . . . . . . . . . . . . . . .127ABOUT THE AUTHOR. . . . . . . . . . . . . . . . . . . . . . . . . 129

Produkt-Details

• Erscheint lt. Verlag: 25.9.2018
• Sprache: englisch
• Themenwelt: Sachbuch/Ratgeber ► Beruf / Finanzen / Recht / Wirtschaft ► Geld / Bank / Börse
• Themenwelt: Sachbuch/Ratgeber ► Gesundheit / Leben / Psychologie ► Lebenshilfe / Lebensführung
• Themenwelt: Wirtschaft
• Schlagworte: Bankruptcy • Budgeting • Consumer Debt • Consumer Proposals • credit card debt • Credit Counseling • Credit Counselling • credit reports • Debt Management • Debt Repayment • Debt Settlement • Finance • Financial Fitness • financial freedom • financial independence • Financial Planning • Financial Security • Investing • Investments • Millionaire Mindset • MONEY • Money Management • money mindset • Motivation • Paying off debt • personal finance • Savings • Wealth
• ISBN-10: 1-7752344-1-X / 177523441X
• ISBN-13: 978-1-7752344-1-8 / 9781775234418