101 Money Saving Tips to Help Reduce Debt and Build Wealth (Financial Prosperity Series)

101 Money Saving Tips to Help Reduce Debt and Build Wealth (Financial Prosperity Series)

101 Money Saving Tips to Help Reduce Debt and Build Wealth was created to help the 95% of the population that is retiring broke find more money to use to get out of debt before it’s too late. Approximately only 5% of the world’s population can retire financially secure. I created this book to help individuals apply simple techniques to find money that may be leaking out of their lives without them knowing it. It only takes a mind shift and dedication to a simple plan to get out of debt as quickly as possible. The earlier you decide to start this system the more money you may be able to accumulate in your lifetime. Start today to take your life back and achieve financial prosperity and a stress free life. Stay tune to the next book in this series where I will go into more detail as to how to get out of debt using your new found money.


The Money Saving Mom’s Budget: Slash Your Spending, Pay Down Your Debt, Streamline Your Life, and Save Thousands a Year

The Money Saving Mom’s Budget: Slash Your Spending, Pay Down Your Debt, Streamline Your Life, and Save Thousands a Year

FROM ONE OF NIELSEN’S TOP 50 POWER MOMS COMES ADVICE YOU CAN TAKE TO THE BANK—LITERALLY ! Crystal Paine, who has helped busy women everywhere take control of their finances, presents her most effective strategies designed for families of all sizes and income levels.

With hundreds of inspiring “why didn’t I think of that?” TIPS, plus WORKSHEETS, Paine breaks down your goals into easy, manageable steps so you can:

• Achieve a complete financial makeover

• Set up a realistic budget

• Never pay retail

• Slash your grocery bill

• Organize your time & your home

• Use coupons wisely

• Pay with cash only

• Live simply

• Become debt free

• Choose contentment

• Make every dollar count

List Price: $ 14.00

Price: $ 7.84

Debt Destroyed by Magic Bullet

Debt Destroyed by Magic Bullet

You can eliminate all debt in the fastest possible time by starting an avalanche.I recognize that starting or getting caught in an avalanche probably would not be your idea of an enjoyable time. But what if I told you that the principles of an avalanche are very similar to the principles used to eliminate all debt in the fastest possible time-frame.

Consider the following: By applying specific strategies beginning with the development of a “Magic Bullet”, the average consumer can eliminate all debt including a mortgage in about 7.5 years with the money currently earned. By so doing, they can save over 0,000 in interest. They can then build over ,000,000 in savings in the same time it would normally take to pay off their mortgage by investing in a safe mutual fund, the same money formerly spent paying debt. (RAM Research, Chicago Title & Trust, National Association of Realtors, and U.S. Census Bureau.)

I realize this is contrary to the popular belief. It is also absolute heresy to the credit world because it is not in your creditors best interest [no pun intended] for you to know it can be done. However, I am constantly running client debt against software proving it can be done.

So What Is This “Magic Bullet”?

The “Magic Bullet” is the key to getting your financial snowball going. It is the primer to start the debt elimination process.

The Magic Bullet is that portion of your income which you will temporarily set aside to pay extra on your bills in a very specific sequence. The example of the 7 year payoff above is based upon a 10% (gross) Magic Bullet. The amount can obviously be more to make the payoff occur faster. It can also be less, but the payoff of course will be slower.

I can already hear you saying, “I knew there was a catch. Where am I going to come up with 10% of my income?” I hear this so often and you would be amazed at the money we waste without even being aware of it. Therefore, this site also offers numerous debt reduction tips, links and strategies and is being augmented routinely. (For example See Community Blog/News for Frugal Blog, Frugal Feedback, and to sign up for the Frugal Newsletter. There is also Article Index for more money saving articles.) But in this article I simply want to insure you have the basic plan to develop the Magic Bullet.

Here are the basics:

1. Go to your last six to seven months of check registers. List each item which has any hope of reduction (not bills because they will soon be paid off, taxes because they are a fact of life, etc.). If there is a question, list it.

2. Categorize each entry (groceries, entertainment, lunches, savings, etc.)

3.Develop ideas for how to save on each entry aiming for a total of 10% of gross. (More on this in other articles but as an example— stop monthly savings = ; use grocery coupons = ). Remember, this is temporary until you get your snowball big enough that you can cut back.

Payoff Sequence

The bill payoff sequence is a bit more complex but not difficult. Here is the formula.

1. Divide the total payoff amount by the monthly payment. Assign a numeric sequence starting with 1 for the lowest division answer, 2 for the next lowest, etc.

2. Each month make the normal monthly payment to each debt except debt one to which you also apply the Magic Bullet. Repeat until debt one is paid.

3. Pay the minimum monthly on all bills except debt two. With debt two, apply the minimum monthly + Magic Bullet + former debt one payment. Continue until debt two is paid. Start on debt three with the Magic Bullet + former debt one + former debt two, etc.

4. The great part of this system is that after a few months you realize maybe you don’t need what you have been wasting your money on and therefore you can now permanently eliminate some temporary Magic Bullet items for the rest of your life.

Most Asked Question

The most common question I receive is, “Shouldn’t I pay off the highest interest first.” The answer is no, not if you are trying to eliminate all debt. The objective of this plan is to pay off a couple of the smaller debts first and use this money as leverage to pay the rest. If you are paying only selective debts and not ALL debts, I might agree about paying the highest interest first.

Employing the method described in this article allows the fastest possible method of eliminating ALL debt with the money currently earned. If on the other hand you are simply trying to pay off a few debts, then paying the highest interest first does make sense.

It’s your call. The question is simply how badly do you want to get out of debt?

Readers will probably be interested to know Mike, the author of this article, also offers a free debt elimination mini-course via e-mail. You can enroll at Debt Free In 7.5 Years.

Mike has been an Internet Guide/Writer in the field of Credit/Debt Management for over 10 years. His site was awarded Best Of Net by Forbes Publication from 2000 to 2005 with site visitation doubling to over 500,000 average views per month in the last year.

He has also offered debt elimination seminars to businesses and community colleges for the last 9 years, and has written for several publications, and has been interviewed on the radio a number of times.http://learncreditmanagement.com/

When is taking on debt wise?

When is taking on debt wise?
Taking on debt can pose a dilemma. Follow these frugal tips to decide if it’s a smart money move.
Read more on Bankrate.com via Yahoo! Finance

Jenice Armstrong: Jobs at top of worry list
WITH unemployment hovering around 10 percent and a lot of economists worried that harder times may be on the horizon, it shouldn’t really come as a surprise that a recent survey found that men worry more about losing their jobs than whether or not their wives are faithful to them.
Read more on Philadelphia Daily News

RAM Ratings reaffirms Penang Bridge’s AA2 debt ratings

RAM Ratings reaffirms Penang Bridge’s AA2 debt ratings
RAM Ratings has reaffirmed the AA2 ratings of Penang Bridge Sdn Bhd’s (PBSB or the Company) RM785 million Al-Bai’ Bithaman Ajil Facility (2000/2013) (BaIDS) and RM695 million Redeemable Zero-Coupon Serial Sukuk Istisna’ (2006/2019) (Sukuk) – collectively known as “the Facilities”; the long-term ratings have a stable outlook.
Read more on Zawya

Monthly Calendar
Children and teens can read down fines from 1 to 3 p.m. at the Pine Island Public Library. Earn a $ 2 coupon good toward library fines for every 15 minutes spent reading at the library. This program is for those age 18 and under.
Read more on The Pine Island Eagle

Monthly Calendar
Kids Read Down Fines at the Pine Island Public Library from 1 to 3 p.m. Children and teens can earn a $ 2 coupon for every 15 minutes spent reading good toward library fines. This program is for patrons age 18 and under only.
Read more on The Pine Island Eagle

What is the website for frugal living/getting of debt blog?

Question by iluvsparks: What is the website for frugal living/getting of debt blog?
There is a blog created by a man who is Canadian and lives in Kansas with his wife. I believe he is a engineer. He offers solutions on his website for frugal living and getting out of debt. Can someone help me? I am going crazy trying to find it!!

Best answer:

Answer by candyland90
That guys site is gone. It use to be at http://www.geocities.com/bookman85219/
and it was called: how to get and live the good life. You might try doing a google search to see if he has a new web address.

Here are some other Frugal sites you might like:

(The dollar stretcher)

Hope this helps!

Give your answer to this question below!