Money As Debt 2006 4 of 5 ( How to Get Out of Debt / Truth About Credit )

Everything You Know Is Wrong! About Being Debt Free That Is!! And It Will Keep You In Debt The Rest Of Your Life!
http://www.wisdomdigest.info/debtfree

Myth: Debt is a tool and should be used to help create prosperity.

Truth: Debt isn't used by wealthy people nearly as much as we are led to believe.


Debt is dumb. Most normal people are just plain broke because they are in debt up to their eyeballs with no hope of help. If you're in debt, then you're a slave because you do not have the freedom to use your money to help change your family tree.

According to a USA Today article about debt, 78% of Baby Boomers have mortgage debt, 59% have credit card debt, and 56% have car payments. It takes a lot of will, discipline, courage and help to slay the debt monster. But it can be done. Imagine how much you could put toward retirement if you just didn't have a stinking car payment?

This is how the wealthy really build their wealth. Debt is dumb. Welcome to the real world. (By Dave Ramsey, daveramsey.com)

http://www.wisdomdigest.org/

Category:

News & Politics

Tags:

• how to get out of debt
• debt free
• credit card
• mortgage
• loans
• money
• debt consolidation
• financial system
• credit crunch
• recession
• crises
• wealth
• wealthy
• banks
• federal reserve
• funds

[neemguy81]

Forgot about Nuclear power...but this is a good video and there is common sense in it which is great, thanks for the vid *****