2 | PAGE

DISCLAIMER

Every effort has been taken to be sure this eBook is free from errors.
It is designed to provide accurate and authoritative information with
regard to the subject matter covered.

The reader of this eBook should use his or her own judgment
regarding applicability of any of these lessons, ideas, techniques,
recommendations and suggestions found in this eBook to his or her
specific circumstances.

It is provided with the understanding that the publisher is not engaged

in rendering legal, accounting, or other professional advice. If legal
advice or other professional services is required, the service of a
competent professional should be sought.

Reproduction, translation, or transmission of any part of this work by

any means, electronic or mechanical, including photocopying, beyond
that permitted by copyright law, without the permission of the author,
is unlawful.

2 | PAGE
3 | PAGE

TABLE OF CONTENTS

A New Concept On Being Debt Free..................................... 5

How You’ve Been Misled.................................................... 10
Other Ways You’re Being Taken Advantage Of................. 12
Action Activity: Calculate Your Debt Payoff...................... 15
Column 7.................................................................................................................... 16
More Misapplied Strategies.................................................. 17
Saving Money. .................................................................... 17
Developing a Good Credit Score. ....................................... 18
Getting Started...................................................................... 20
A New Way of Living.......................................................... 21
Let’s Explore This Concept.................................................. 21
Paying off Your Debts First................................................. 23
Locating The Money You’ll Need For Bill Payoff.............. 25
Debt Relief Examples........................................................... 30
Stop Saving Until All Your Bills Are Paid.......................... 32
You Can Get Amazing Results.............................................34
Keeping Your Spending to the Minimum............................ 36
Focusing All Available Resource to Build Wealth.............. 38
Capitalize on Money You Formerly Wasted........................ 39
Live Your Dream Lifestyle.................................................. 42
Credit Lowers your standard of Living................................ 42
The Monthly Payment Trap..................................................43
Estimating When You’ll Be Debt-Free................................ 44
Job Travel and Credit Card Usage........................................46
Helping Others......................................................................47
Prepayment Principal Forms................................................ 48
Debt Relief Time Table........................................................ 49
Debt Relief Worksheet......................................................... 51
Column 7.................................................................................................................... 51

3 | PAGE
4 | PAGE

............................................................................................. 51

4 | PAGE
5 | PAGE

CHAPTER 1

A New Concept On Being Debt Free

Congratulations! You’ve seen the light. Debt is something

to be rid of…as fast as possible.

Let’s be realistic.

Being in debt can be compared to the handcuffs on the left.

You give up a part of your future earnings to someone else.

There’s really one precise definition of financial independence, and it simply

means that you are not dependent on any one person, company, entity or
government for survival in a civilized society.

This is the purpose behind this eBook. The goal is to assist you in becoming
completely independent of any form of support in whatever means you may know
it by.

It’s what I like to refer to as being “un-vulnerable”.

This proven eBook is based on the foundation that an ideal situation is to live debt-
free.

By this I mean no substantial debt, ongoing monthly loan obligations, etc.

In other words, I want to help you to develop the type of lifestyle you desire, the
lifestyle you once thought was out of your reach.

And I want to show you how to do it in the shortest possible time-frame.

I want to help you design a lifestyle where you own your own home, have no loans
on the cars you drive, no credit card debt, no other installment debt at all!

5 | PAGE
6 | PAGE

Plus, still have enough money in investments to live off the interest and other
business ventures that allow you to work smart rather than working hard.

For the purpose of this eBook, here a few definitions to consider:

DEBT -- Any amount of money you owe that can be completely paid off.

EXPENSES -- Monthly on-going expenses, such as taxes, utilities, or

groceries.

CASH – Good old-fashioned greenbacks, debit cards and checks (providing

there’s money to cover your purchase).

If you are like the average American family, eliminating consumer debt can save
you approximately $104,543 in interest and have you completely, and I repeat
completely out of debt in approximately 5-7 years.

If you’re thinking that this is a long time, consider how quickly the last 4 years
flew by…and how much better off are you now?

When you have relief from debt, you can also build up a nest egg in simple, safe
investments by the time you would have paid off your mortgage the way a
traditional mortgage is scheduled to be paid off.

And I will show you in this eBook how to do all of this yourself, without the use of
Financial Planners, Attorneys, Debt Consolidation Loans WITH THE MONEY
THAT YOU ARE CURRENTLY BRING HOME.

This is what I like to refer to as having true financial independence or financial

flexibility.

Let’s think about how we can achieve such an ambitious outcome.

6 | PAGE
7 | PAGE

To achieve this outcome, it would be almost impossible without some kind of goal
setting.

I’m sure you may have heard of countless people, maybe several personal finance
books, self-improvement books or any success program that talks about the power
of goal setting.

It is a fundamental key to all lifelong success plans and a key part of your debt
reduction strategy.

Let’s not take setting goals for granted. I want you to start setting goals about
where you want to be in the next year, 2 years from now, 5 years from and now
and 10 years from today.

Setting goals is one of the most challenging tasks most people face. Yet most
people know what they would like to have.

Consider this, if you continue to do what you’ve always done, you’ll continue to
get the same results you have right now.

This eBook could never take the place of a goal setting workshop, but here are a
few easy tips to get your started with your debt reduction goals.

• Write down long, medium and short term goals. Long-term are your visions
and your strategy, medium-term is the planning to get to your long-term
goals and short term are the to “dos” that make the plans come together.

• Consider that we get 80% of our result from 20% of our goals. Prioritize
them

• Aim towards a specific target rather than away from something. For example
rather than not going out to dinner every weekend, think about paying off
your first credit card bill.

7 | PAGE
8 | PAGE

• Stretch your self when writing your goals. Make it just enough to have it be
a challenge, but don't stretch too far – if it’s too unrealistic, then you won’t
think its possible.

• Measure your goals. Sometimes this may be difficult, so privately create a

vision of you achieving success with your goals. What will you see, hear and
feel when you've been triumphant? Imagine the scene as vividly as you can.
This way you'll know when you've achieved it.

• Involve others in your goals. If possible, break your goals down into
manageable actions. Set these quarterly and review them at the end of each
quarter.

• Be sure to break your goals down into manageable actions. Set these
quarterly and review them at the end of each quarter.

This is just the starting point, but you must take the time to write them down.

Let’s talk about how most of us have been misled about personal finance over the
years.

And then, I’ll show you how to implement a proven and efficient technique that
will put to work the money you already have.

NOW, let’s start you down the road to becoming debt free in the least amount of
time.

You’ll begin to notice that as we review some of the concepts in this eBook, you’ll
see how it may conflict with “Conventional Personal Finance Advice.”

This is because no one has really questioned this advice and it has been promoted
by Professional Money Planners and businesses.

8 | PAGE
9 | PAGE

The reason it differs with the techniques you will be using it that conventional
advice has been promoted by the businesses. These businesses promote this advice
because it is profitable.

These businesses make you pay hundreds of dollars for products and services that
you may not even need! And they do more to hurt your bottom line while at the
same time increasing theirs.

9 | PAGE
10 | PAGE

How You’ve Been Misled

If you’re like the average person, let me warn you ahead of time of what I’m about
to reveal in the next few paragraphs.

You may be angry after you finish reading about how you’ve been misled.

You’ll see for the first time how the American economy works.

Our economy is designed to make you work yourself to the point of exhaustion
only to build wealth for those very same companies you work yourself to
exhausting for – not for YOU!

The most eye-opening example of this is with your home mortgage.

If you purchase a home with the conventional (there’s that word again) mortgage,
you will pay for that loan about THREE TIMES.

Think about it this way. It’s like taking your monthly mortgage payment and
tripling it and sending it off to the bank.

This is how much you will eventually pay back for the privilege of using their
money.

So you can see how two-thirds of the total amount you’ll pay your mortgage
company is primarily INTEREST payments. Interest is pure profit for the
mortgage companies and a detriment to your financial well-being.

What this boils down to is that you’ll have to work, week after week, year after
year, to earn a substantial amount of money, possible over $500,000 or more.

Ask yourself a serious question – does the Bank deserve to get so much of your
hard earned money?

10 | PAGE
11 | PAGE

Do you think that they are doing such an outstanding job that they should be
compensated so well?

This simply means that when you come home from a hard day at work, you’ve just
contributed to your bank or mortgage company’s bottom line – not yours.

THIS IS YOUR MONEY! I’m sure you’ve worked hard to earn it. You’ll most
definitely have to pay taxes on it.

But you know the story - the rich get richer and the poor get poorer, right?

It’s certainly not fair and I’m sincerely interested in helping individuals with a
genuine desire to get out of debt and more importantly, stay out of debt.

I’m going to show you how to design a proven strategy that will help you to keep
the majority of the money that comes into your household in your control, not
others!

When you know how to invest the money you may be currently spending on
mortgage payments, car loans, credit card debt and any other type of monthly debt,
you’ll be surprised at how quickly you may be on your way to becoming debt-free.

If you happen to have an accountant who tells you that you should not pay off your
home mortgage because it represents the last great tax shelter for the average
person, you should consider getting a new accountant.

Think about what they’re saying, “continue paying a dollar in interest to get back
28 cents in tax deductions”.

This is what is happening. Every dollar that you pay in interest that you can deduct
from your taxable income, you’ll only save about 28 cents (this assumes you’re in
the 28% tax bracket).

11 | PAGE
12 | PAGE

Other Ways You’re Being Taken Advantage Of

Automobile Loans. In addition to your home mortgage, the largest cause of your
wealth may be through automobile loans.

Did you ever notice how eager lenders are to give you up to 5, 6 and in some case
7 or more years to pay of your auto loan.

That’s because the loan is just like a miniature mortgage payment - the only
difference is the INTEREST RATES IS USUALLY HIGHER, so that means the
longer they can get you to stretch out those automobile payments, the more interest
they get from you.

If automobile loan lenders could get away with a 30-year loan on vehicles, they’d
love to get three times the price of the auto you purchase.

Plus, they get to strip away your wealth in the process.

Insurance. It’s been said that this is the greatest area that most people spend so
much of their life’s money with so little understanding as to what they’re
purchasing.

One of the first things you need to recognize about insurance is that this is a
million dollar business.

Both the agent and the insurance company are in business to make as much money
as they can.

This being said, there’s nothing wrong – as long as you realize their
recommendations for policies and coverages that may not always be in your best
interest.

You should also realize that INSURANCE COMPANIES DO NO LOSE

MONEY ON INSURANCE POLICIES!

12 | PAGE
13 | PAGE

Read that last sentence again to be sure you fully understand it.

Every once in a while, they do make some bad financial investments, but only once
in a while.

Here’s what you should remember: they do not lose a dime on the insurance
polices they sell you.

This is a simple fact.

The truth is they sell you an insurance policy, they are taking a gamble (and the
odds are in their favor) that bad things WILL NOT happen to you, while you on
the other hand are gambling that bad thing WILL happen to you.

THE INSURANCE COMPANIES MAY AS WELL BE IN LAS VEGAS because

they will NEVER LOSE IN THIS GAME.

The odds are in their favor!

Of course, there will always be a small amount of people who will pay a few more
dollars in premiums that report a large claim.

While it may look that the insurance company is losing money in this situation, rest
assured they have thousands of other people paying their premiums, to which
nothing bad is happening.

They simple take the profits out of the money from the people who are paying their
premiums to cover the benefits they have to pay out to the unfortunate few.

Plus, they know that, when they sell you a policy, you are a thousand times more
likely to be on the fortunate ones that cost them ABSOLUTELY NOTHING, thus
helping them to make a huge profit!

Consider the fact the insurance companies only bet on sure things.

13 | PAGE
14 | PAGE

This simply means that, if they’re willing to sell you an insurance policy, it’s
because you have a history -- that has proven they are going to win.

Another way of saying it is “if they’re willing to give you a policy, it’s because
you probably won’t need it.”

Their mathematicians (called Actuaries) have statistically calculated that you

probably will never need the insurance and therefore, they sell you a policy.

However, because you can’t be sure that you won’t be one of the unfortunate few
that bad things won’t happen to, there are some areas of your life you do want to
cover with the correct types of insurance.

But you almost certainly won’t need all of the coverage your agent would like you
to purchase.

14 | PAGE
15 | PAGE

Action Activity: Calculate Your Debt Payoff

Write down each of your debts in the first column below making sure to total the
balance in Column 2.

The debt’s minimum monthly payment should go in Column 3. Now divide the
total balance by the monthly payment, and put the result in Column 4.

Prioritize your debts in Column 5 by starting with the lowest amount in Column 4.
until they are all numbered.

Column 6 is used to show the accumulated Debt Relief Cash, which is combined
from Debts 1, 2, 3, 4 as they are paid off.

This includes the monthly payment.

Column 7 is Column 2 divided by Column 6. Column 7 is the approximate months

until Debt is paid in full.

For this example, we’ll use a $2,000 Visa balance, with a Debt Relief Payment of
$200.00 a month.

This should be 10% of your gross monthly income.

15 | PAGE
16 | PAGE

A Clean Worksheet of this example is at the end of this eBook in the Resources
Section.

Debt Months
Total Monthly Division Pay-off Relief to
Name of Debt Balance Paymen Answer Priority Paymen payoff
t t
Column 1 Column Column Column Colum Column Column
2 3 4 n5 6 7
First Card Visa $1,000.0 $25.00 $40.00 1 $225.00 4 ½
0 mos.
MasterCard $2.000.0
0
Discover $780.00
TOTALS
Dollar figures have been rounded up.

C. Total Debt (total Column 2):

$_____________

D. Total Monthly Payments (total Column 3)

$_____________

E. Total Accelerated Payments (A+D)

$_____________

16 | PAGE
17 | PAGE

CHAPTER 2

More Misapplied Strategies

Just about every book on personal finance you can find today will talk about many
of the “financial rules”.

There are many that we have been taught as well as picked up along the way.

The startling truth about many of these financial rules is some of they ARE
WRONG!

They can be deadly to your chance of ever achieving real financing independence
in your desired time-frame.

Two major “financial rules” that are the most difficult to break free from were the
principles of “Saving Money” and “Developing a Good Credit Score”.

Saving Money.

Every time you get conventional (there’s that word again) financial advice, it
usually tells you to save up a nest egg on the side while you go through life.

Many so-called authorities will counsel you to save 10 percent of your income as
investment for your future.

They call it “Paying Yourself First.”

Now, just so that you understand me, this is not bad advice. It’s just the way it’s
often used that causes people to slowly move toward their goals of living debt-free.

Rather than take the fast lane, this route forces you to stay in the slow lane.

Let me explain...

17 | PAGE
18 | PAGE

Being efficient starts with focusing on one task at a time.

When you start saving 10% of your income, in addition to getting rid of your
credit-card debt, it will only slow you down.

This strategy is a proven fast track to getting rid of debt - even your mortgage.

Th strategy is to FIRST eliminate debt and THEN save. In other words, then you
can go ahead and “pay yourself first.”

Another way of saying it is to go ahead and pay yourself first… and your best
investment in yourself is to pay off unpaid debt balances.

We’ll talk about how to do this more in detail.

Developing a Good Credit Score.

Believe it or not, I’m going to show you how you can get to the point where you
won’t ever care what type of credit score you have.

The main reason – YOU WON’T NEED IT. You will come to not rely heavily on
credit, and you’ll know how to control credit rather than let it control you.

As you can see, I’m really flying in the face of the “truths” you’ve been taught
about personal finance.

A word of warning! I’m not advocating bad credit. So many things in our lives
are dictated by our credit score – jobs, insurance, interest rates, etc.

I want you to be respectful of your credit history.

However, our obsession with our credit rating is because so many of us Americans
were never taught to be responsible in our use of credit.

18 | PAGE
19 | PAGE

No one taught us about how to use credit responsibly and therefore, I, like
thousands of other people, quickly racked up credit card debt.

We became slaves to keeping up with the Jones as well as to the Madison Avenue
advertisers and the money-lending companies behind them.

Think about this. Where did you receive your personal finance training? Weren’t
you trained by TV and other advertising media on what you should buy?

What type of car you should finance? The type of clothes you should wear, the
vacations you should take, where to live and what you should own now that you’ve
arrived at a certain level.

Are you chasing the American Dream or has the American Dream chased you?

I want to help you reach a point where you will be driving an adequate attractive
car and living in a comfortable and beautiful home – but without a mortgage and
without any credit card loans.

The only payments you will have are living expenses, not debt payments to make.

It will be at this point where you will be insulated from layoffs, economic
downturns, inflation and many other woes that leave us vulnerable, when we rely
too heavily on a company for our financial survival.

19 | PAGE
20 | PAGE

CHAPTER 3

Getting Started

The first step to getting started on the road to living debt-free is to manage
compound interest.

As you go through this course, you will begin to notice that compound interest is
one of the most powerful inventions of our time.

Powerful as it may be, compound interest is PROBABLY BEING USED

AGAINST YOU.

What I mean by this is that compound interest on your credit card is being
calculated so quickly that, if you continue to just pay the minimum payment, you
will almost never get your credit card debt paid off.

This system is based on a mathematical process that addresses how compound

interest is working against you.

It then teaches you how to turn the “financial drain” around so that you can harness
the remarkable power of compound interest and have it work FOR you, bringing
money back into your life.

This system really works.

Don’t be fooled by the simplicity of it. And the good news is, it works fast.

This mathematical process has the average American family living debt-free in
approximately 5 – 7 years and it is based on using money THAT YOU
ALREADY HAVE.

20 | PAGE
21 | PAGE

A New Way of Living

This new way of living that I’m going to expose you to is not based on
assumptions or generalities but strictly on facts and mathematics.

I know it may sound scientific, but it’s really straightforward. It’s based on
assuming that you want to live a new life being free of as much consumer debt as
possible.

Let’s Explore This Concept

The key to protecting yourself and your family from bad things happening involves
Mathematical Probability. This is basically called “insurance”.

You and your family probably need to have the essential types of insurance that
would protect you in the event of a catastrophic event.

This is defined as something that would wipe out you and your survivors.

It is probably more cost-effective to assume the risk of insuring yourself from

some of life’s minor illnesses and accidents by maximizing the deductibles on your
policies.

“Probability” shows us that this is one of the more cost-effective ways to reduce
your insurance premiums, month by month, than to have a low deductible and
consequently have higher insurance premiums.

The good news about insurance is that, after you’ve followed the suggestions in
this eBook, you will have resources to protect you from almost everything you
now buy insurance for.

And therefore, as a result, you will need little or no insurance other than for
personal liability.

21 | PAGE
22 | PAGE

Let’s begin to examine the concepts in more detail. There are two major phases of
this eBook.

They are:

Phase I – Pay off ALL of your debt before you continue or start an emergency
savings account; and

Phase II – Focus of ALL of your available cash you now have to build wealth and
Break Free From Credit Card Debt.

During Phase I and Phase II, operate on 100% cash (this means checks and debit
cards as well) – try not to use credit. (Of course there are always exceptions to this,
but the goal is to not use your credit card for everyday living expenses).

When you put your plan into action and follow Phase I and Phase II of this new
strategy, you will begin to achieve TRUE financial independence in a relatively
short time.

Plus, you will NEVER NEED credit again. Most individuals, who faithfully
follow the system can get completely out of debt within 5 – 7 years, and this even
includes your home mortgage.

Ask yourself this critical question:

“How much better off will my life be if I can truly pay off all my consumer debt
and become financially free?”

Remember: 5-7 years will go by whether you do anything or not.

22 | PAGE
23 | PAGE

CHAPTER 4

PHASE I
Paying off Your Debts First

In the next few paragraphs, I’ll show you how to pay off all your debts.

This is a proven system, except for one thing – YOUR COMMITMENT!

I cannot sit with you while your formulate your plan. I cannot give you the desire
needed to get your plan in action. Only you can do that.

To keep your motivation level high, I want you to envision the good things that
will happen to you once you begin to eliminate your debt.

Here’s a fun exercise for you:

I want you to make a list of all of the things you have always wanted to do.

I want you to really enjoy yourself and make a list the way a kid would make a
Christmas list for Santa Claus.

These are material things you’d like to have or goals you want to achieve - if you
have the desire and commitment to design a lifestyle rather than just earn a living.

Please take a minute and complete this exercise now. It’s fun and will give you a
chance to map out the life you would like to have.

Don’t list things that you think you should have on a list out of guilt, but really jot
down some of the things you have always wanted to do with your life.

Nothing is unimportant. If it’s something you’ve always wanted to do, be or have,

then you owe it to yourself to put in on your list.

23 | PAGE
24 | PAGE

When you’re done with this list, I want you to hang it somewhere where you will
see it on a daily basis.

A good place would be on your bathroom mirror. When you start your day with
the dreams and aspirations you’ve set for yourself, somehow, it’s a little easier to
cope with the rigors of daily life.

Now that you've finished your list, and I hope you've actually taken the time to do
this exercise, let’s move on.

Now I know some of you may be skimming through this Ebook and will complete
this exercise at a later time. That’s perfectly fine too.

Once you’ve completed the list, I want you to place it somewhere where you'll be
able to see it possibly EVERY DAY!

Whenever you feel your commitment to paying off your credit cards starting to
wane, I want you to take a look at your list to remind yourself of this wonderful
debt-free journey that you're on.

If you begin to feel like throwing the towel in, remember that this huge burden of
debt that you're carrying will only get worse the older you get.

It just may crush you - the way it has thousands of good hard-working people just
like you.

The burden of debt you carry on your shoulders day after day can crush you in
your older years.

Don’t let debt rob you of some of the best years of your life.

Now, I know you may be thinking “I can see the reasons why it’s a good idea to
payoff my bills, but where am I going to find the money to do it?

Let’s move on to the next chapter where we’ll look for “hidden” money.

24 | PAGE
25 | PAGE

CHAPTER 5

Locating The Money You’ll Need For Bill Payoff

Before you start with your debt payoff program, I will help you to find what I like
to refer to as your "Debt Relief Cash”. This cash will enable you to focus its
leverage on reducing your debts.

The first step in implementing the debt reduction strategy is to find “hidden”
money to be used for bill payoff.

We’ll refer to this throughout this eBook as your Debt Relief Cash and it is the
amount of money you’ll be adding to your current monthly bill payment.

This is the money that will be your major debt-reducing money.

Right now, it’s buried in your current monthly expenditures. Your Debt Relief
Cash doesn’t have to be a lot of money.

It’s like a snowball you begin rolling down the hill. Pretty soon, it will turn into a
boulder-sized ball that you can make a snowman out of.

Like the snowball, your debt started out small and grew until it too is the size of a
boulder.

The Debt Relief Cash amount is striving for approximately 10%t of your take
home income.

If the only debt you have is your mortgage, strive for 25% -30% of your monthly
take home income for your Debt Relief Cash.

For example, if your take home pay is $2,500 a month, you will try to put together
10% or $250.00 a Month in Debt Relief Cash.

25 | PAGE
26 | PAGE

If you think you can’t afford that, read below for some suggestions.

On the other hand, if you can afford more, then by all means do so.

This is not something you want to stretch out. In this case, the quicker the better!

Here are a few suggestions on finding additional money to use as your Debt Relief
Cash:

Let’s look at places where extra money may be hidden or being wasted in
purchases or monthly expenditures.

As mentioned earlier, a lot of money is wasted in the way cars, homes and
insurance are purchased.

Let’s concentrate on these areas since they represent the highest profit potential for
uncovering hidden money.

Here are few basic suggestions.

• Don’t buy a brand new vehicle.

Buy a vehicle that is never newer that 2 years old. You don’t take the
immediate depreciation, and taxes and insurance tend to be lower than if you
bought a brand new vehicle.

• Finance your vehicle for 36 months or less.

It’s a good idea to never buy a vehicle with borrowed money. However, if
you must, consider the shortest finance period possible. You’ll save money
on the interest.

• Forgo the “Credit Life Insurance” on a Vehicle Loan.

This is a cash-cow for the finance company if you think about it. They are
asking you to pay for an insurance policy on which THEY are the

26 | PAGE
27 | PAGE

beneficiary. If you’re worried about not being able to make the payments in
case something happens to you, you may be better off with a term life
insurance policy.

• Don’t Take ANY Extended Warranties.

Like most forms of insurance, a warranty is never likely to be needed by the
person who bought it. If it was likely that the product you purchased will
need repair, they would not sell the warranty to you! Most electronic items
today are so affordable that if they did break down, they are more easily
replaced than repaired.

• Life Insurance.
The purpose of life insurance is NOT to make your beneficiaries rich, it is to
assure them the continuation of your income stream should you not be able
to provide from them. For most people, the best choice is term insurance.
You may want to reconsider this option is you have expensive Whole Life or
Universal Coverage. Check with your insurance agent for a thorough
explanation and to see which one is the most beneficial for you and your
family.

• Automobile and Homeowners Insurance.

If you blindly accept all the coverages and deductibles available to you, you
may be paying more than you need to. Compare insurance coverages and
deductibles and you may be able to save money, while being adequately
insured.

• Everyday Conveniences.
We waste so much money on everyday conveniences such as frozen foods,
going out to dinner, and other such conveniences. By doing a little more
preparation, there may be hundreds of ways you save money.

• Keeping Up with the Joneses.

So many people try to keep up appearances by competing with themselves.
Remember, the Joneses are going bankrupt. Examine your life ruthlessly to

27 | PAGE
28 | PAGE

see where you are wasting money on and eliminate the waste. By doing so,
you will quickly find your Debt Relief Cash.

Remember, your goal here is to find at least 10% of your take home income.

• Cutting back on eating out at restaurants

• Brown-bag it at least twice a week

• Transferring your credit cards to a lower-interest credit card

• Buying store brands at the grocery store

• Buying items in bulk

• Finding a cheaper insurance for your car and home

• Increasing your IRS deductions on your paycheck

• Refinancing your mortgage

The Debt Relief Cash is the amount of money, which you will be adding to the
monthly payment of your bills one after the other until it has been completed
zapped!

As each debt is paid off, you'll continue to add what used to be its monthly
payment into your Debt Relief Cash.

By the time you get around to your home mortgage, you'll be able to focus your
now much larger Debt Relief Cash on it until your mortgage has been paid in full!

For most people, this process usually takes between 5-7 years and depending on
how committed you are, it may even be less.

28 | PAGE
29 | PAGE

If you don't currently have a mortgage payment, you will concentrate on paying off
all of your revolving debt first (credit card, store cards, gas cards, charge cards, car
loans, boat loans, etc.).

Then you can focus on putting all the money that you've been paying monthly into
a low to moderate risk investment account to save up for the down payment and
closing costs for your new homes.

Then, as soon as you begin paying the mortgage, you'll immediately start the
process of paying off your home mortgage using this eBook.

You'll notice that I want you to focus on paying off all of your debt first, BEFORE
you begin to save money to acquire your own home.

Let's take a look at a quick example below just so you can see how this work for
someone with a small amount of debt for illustrative purposes.

29 | PAGE
30 | PAGE

Debt Relief Examples

DEBT: $800.00
(We’ll use a small number to keep things simple)

DEBT RELIEF CASH: $120.00 EACH MONTH

Debt 1 - $500.00 - minimum monthly payment of $100.00

Debt 2 - $200.00 - minimum monthly payment of $50.00
Debt 3 - $100.00 - minimum monthly payment of $10.00

MONTH ONE:
You will pay Debt 1's minimum payment of $100, plus your Debt Relief Cash of
$120.00.
You will only pay Debt 2's minimum payment of $50.
You will only pay Debt 3's minimum payment of $10.

Note: The only difference in paying your bills is that you will only use your Debt
Relief Cash on your largest debt, which in this example is Debt #1.

MONTH TWO
You will pay Debt 1's minimum payment of $100, plus your Debt Relief Cash of
$120.00
You will still pay Debt 2's minimum payment of $50.
You will still pay Debt 3's minimum payment of $10.

MONTH THREE
You will pay Debt 1's FINAL payment of $60. Congratulations, you are on your
way to becoming debt free!
You will pay Debt 2's minimum payment of $50, plus the $40.00 that you used to
pay for Debt 1's $100.00 payment ($100-$60 = $40), PLUS the Debt Relief Cash
payment of $120.00 that you were previously using for Debt 1.

You will only pay Debt 3's minimum payment of $10.

30 | PAGE
31 | PAGE

MONTH FOUR
You will pay Debt 2's minimum payment of $50, plus your Debt Relief Cash of
$120.00, plus the $40.00 from Debt #1.
You will pay Debt 3's minimum payment of $10.

Etc. etc. etc. until all your credit card debt has been paid off.

Once you’ve completed this strategy, you may consider adding your NOW large
Debt Relief Cash payment to your mortgage. You should now have a sizable
amount of cash that you previously used for credit card debt monthly payments.

You’ll really begin to reduce your principal - and at a fantastic rate. Your equity in
your home will skyrocket and your principal will be dramatically reduced each
month.

Here are a couple of reasons for this:

1. The Debt Relief Cash is reducing your principal balance and the equity in
your house goes up; and

2. The portion of your monthly mortgage payment that is used to pay

interest will be falling dramatically - because it is calculated each month
on the “unpaid balance”. Therefore, since your Debt Relief Cash is
dramatically reducing the principal balance, more of your monthly
mortgage payment will be applied to your unpaid mortgage, therefore
speeding up the mortgage payoff process.

31 | PAGE
32 | PAGE

CHAPTER 6

Stop Saving Until All Your Bills Are Paid

If you were paying attention in the previous chapter, you'll notice that I
recommended to those individuals who did not have a mortgage that they should
consider paying off debt.

This may sound like heresy to the conventional advice that is given by financial
advisors. Let's me share with you why I recommend this strategy.

If you plan to get out of debt as quickly as possible, this may be the fastest road to
your goal.

Again, you'll remember that when we talk about goals, it's a good idea to work on
ONE goal at a time.

If you try to pay off a bill here, and another at the same time, while at the same
time saving for a home, it will take you a lot longer time to do so. Here's why.

Let's use the example that your living expenses are $3,000 a month --remember,
this is for illustrational purposes only.

Lets say that you have been able to put together Debt Relief Cash of $300 a month
to bail you out of the mountain of debt, which is about 10% of your monthly take
home income.

If you use conventional financial advice that you should build up a six month cash
reserve BEFORE you even start to pay off your debt, you would have to save
about $18,000 before you even started to pay off your debt.

Even then, if you use your Debt Relief Cash of $300 a month to put towards your
Cash Reserve and divide it into the $18,000, you'll get 60 months --FIVE LONG

32 | PAGE
33 | PAGE

YEARS JUST TO BUILD UP YOUR CASH RESERVES, and you'll still have
your debt to tackle.

You can see why sometime conventional advice is not always common sense
advice.

If you follow the information in this eBook, you may be able to be completely
debt-free in the some SAME FIVE YEARS!

If you take the conventional road and go about personal finance in the traditional
way, you could absolutely save up your cash reserves or emergency fund in about
5 years -- but still have most or all of your debt.

Then, if you did indeed need to draw on your emergency fund, say for instance you
lose your job, it may take you 8-10 months to find a new job.

And, you will have used up your emergency fund, still have debt and you're back
to square one.

Now let's say that you've followed the instructions and your living expenses are
now minimal, just food, utility bills, clothing, taxes and other extras.

If your new living expenses are now $1500 a month and you're still bringing home
$3,000 a month, your six cash reserves are now only $9,000.

It would take you about three months to save up a Cash Reserve and you'll be debt
free to boot!

33 | PAGE
34 | PAGE

You Can Get Amazing Results

If you need to, you may want to go back and review the debt-payoff examples. It
is absolutely amazing. Most people find that they can accomplish being debt-free
in as little as 5-7 years!

Sit down and do the math with your own unique situation, plug in the numbers and
see how short your own debt-payoff time will be.

If you continue to do what you're currently doing, you'll continue to have what
you've always had.

Use this unconventional strategy and let me know of your progress. I'm always
happy to hear how others have benefited from this eye-opening method.

When you decide to apply the principles waiting for you inside this eBook, you
must remain focused on your individual debt account one at a time.

In Phase I, you'll be focusing on paying off the bills, so you don't want to be
distracted by trying to save a portion of your income for a Cash Reserve while
trying to payoff debt as well.

Even if you put money into a savings or money market account at 2%, 3% or 4%,
or even government securities that generate an even higher interest rate, while you
are paying 12%, 14% or 18% on credit card interest, you're moving backwards at a
rate of 10-14% a year.

When you factor in compound interest over several years, you can see why debt is
such a hazard to your wealth!

Consider the power of compound interest. Albert Einstein was asked what he felt
was the greatest invention in history. His reply was "compound interest".

34 | PAGE
35 | PAGE

Mayer Amschel Rothschild, a German merchant who founded the greatest dynasty
in history, called compound interest "the 8th wonder of the world".

With this being said, let's see how this can work against you if you're burdened by
debt.

Right now, compound interest is draining money from you at alarming rate.

One look at your credit card statement and you'll notice how much the "finance
charge" is on your credit card.

Then take a look at how much is actually being applied to your debt and you'll see
why it's almost impossible to pay off your debt by just paying the minimum
payment.

Even if interest rates go up or down, the interest rate you will receive on money
you have in a savings or money market account, even CDs will generally be much
lower that the interest rate that the Banks will charge you on your credit cards.

35 | PAGE
36 | PAGE

CHAPTER 7

Keeping Your Spending to the Minimum

Let’s start thinking about all the ways you can keep your spending to the bare
minimum.

This will speed up the amount of cash you can use toward your debt payoff
process.

I’m going to give you some suggestions a little bit later, but right now, let’s think
about some ways you can reduce your costs.

Consider your insurance premiums, your automobile costs, possibly your housing
costs, your food and entertainment expenses and even a few ways to save some
money when you buy clothing and other personal and household needs.

You want to concentrate as much of your money as you can into your bill payoff
process.

I’m not saying that you should not go out to the movies or stop going out to dinner.
I want you to consider the short-term sacrifices that you make today, will pay off
in the long term.

So for instance, delaying short-term gratification to some extent will only help you
get to your debt-free status a lot quicker.

If you feel it’s OK to make that trade today, by all means, go ahead and go out to
dinner.

On the other side of the coin, there may be the urge to completely cut out all of
forms of entertainment from your life for the time being.

36 | PAGE
37 | PAGE

This is the Kiss of Death, because you will become frustrated when you cut out all
forms of entertainment, that it may make you quit your plan altogether.

So be sure to indulge yourself every once in a while - just make sure the trade-off
is worth it to you.

37 | PAGE
38 | PAGE

CHAPTER 8

PHASE II

Focusing All Available Resource to Build Wealth

Congratulations! Throw yourself a celebration party – You deserve it, but you
now can pay for it without the use of credit cards.

Now that you’ve paid off the Herculean task of eliminating your debt, you will
now want to take that same money and save up an emergency fund of 6-12 months.

This shouldn’t take too long because, now your living expenses should be just
food, utilities, taxes and an account for life’s little pleasures. You’ll be able to save
6-12 months’ emergency reserves in a short time.

Remember to keep your emergency funds in an easily convertible to cash account,

such as a money market account.

Make sure that whatever type of account you choose for your emergency money,
that it is an interest-bearing account and can be easily withdrawn without any
penalties.

Many discount investment brokerage companies offer competitive money market

account along with debit cards, check writing, and other useful financial services.

Research which credit cards are best for your needs.

Get a copy of any of the well-known personal finance magazines/newspapers, such

as Money, Worth, or Investors Business Daily, USA Today or watch any of the
financial networks for ads of brokerage companies.

Be sure to do your due diligence to decide which one is best for you.

38 | PAGE
39 | PAGE

Once your emergency fund has been established, if some unforeseen event
happens, you no longer need to use your credit card, just tap your emergency
account and then rebuild it the following month.

Capitalize on Money You Formerly Wasted

When you finally sit down and realize how much money you used to waste in
interest by using credit cards, financing cars for 5-7 years and paying the interest
on a 30 year mortgage, you can see how these interest payments were chipping
away at your wealth.

Now you can see what that same money, once rerouted, can do for you and your
family.

If you actually take the time to look at some of your credit card statements, those
finance charges can actually make you quite angry.

For instance, I once had a credit card balance of $6545. The monthly minimum
payment was $139.00 a month.

Not a small payment by any means, yet it was only the minimum due.

Although I had not used the card in over 2 years, the finance charges for this
account was $127.33 a month.

This amount would make me so angry, yet I know that I didn’t have the money to
pay the debt in full.

I bet there are hundreds, even thousands of people in the same situation, but the
good news is, you now have an answer on how to get out of debt.

When I started to investigate getting out of debt, I did what many well-meaning
individuals do – get a consolidation loan.

39 | PAGE
40 | PAGE

Well - like those before me, I got a consolidation loan, paid off all the debt and had
one monthly payment.

But as you know, it’s hard to teach an old dog new tricks.

Without the discipline and new behavior in place, I quickly ran up my credit cards
again.

The only difference was now, I still had a large consolidation loan to repay
monthly in addition to my new credit card debt.

So you can see from my example, the only way to truly get out of debt is to make a
commitment to be debt-free and modify your spending habits. You have to know
why you got into debt in the first place.

Was it paying for vacations on credit?

Or maybe buying a brand new car you really couldn’t afford on a 66 month loan –
that’s 5 ½ years now for the average length of time for loans with the average
payment being over $400.

Are you aware that most people don't realize they are in debt? Most people will
casually reply that they only have a mortgage, a car payment, and 1 or 2 credit
cards, which they pay off at the end of the month.

As normal as that may seem, that’s called being in debt. And that's how today's
society operates.

We rationalize it by saying that everyone has a mortgage, car payments and credit
card.

Nearly everyone you know has some form of debt. Unfortunately, that's considered
'normal.'

40 | PAGE
41 | PAGE

If you're going to get out of credit card debt, you have to face up to the fact that
you will be, “abnormal” and may even have to defend your position to family and
friends.

41 | PAGE
42 | PAGE

CHAPTER 9

Live Your Dream Lifestyle

When you don’t NEED credit, you can usually live a better lifestyle than people
who operate on credit. Consider this:

Have you ever heard the phrase “money talks”? Money talks loud and clear.
Money tends to be “quiet” when you have to ask for financing, such as for a car or
to purchase a home.

But when you have money, you can usually strike deals that are usually not
available to those using credit.

Think about the bargaining clout you have when it’s time to replace your vehicle.

You can get such a great PRICE when the salesman knows you have “cash in
hand” and don’t need to complicate the deal with outrageous, sky-high financing.

When you have cash, it reigns supreme!

Credit Lowers your standard of Living

When you’re in debt, you’re forced to live on LESS income than you really have.

Why?

Because a good chunk of your income is going to pay debt, which means there’s
less money for you to live in.

Then when you need to make purchases, you have to go to places that accept credit
cards, rather than get a better deal at some of the smaller establishments that only
accept cash and checks.

42 | PAGE
43 | PAGE

You’ve already committed a portion of your future income to your debtors, and
that’s another way that debt can sabotage you.

The Monthly Payment Trap

From the very first major purchase that we ever made, we have been trained to
think in monthly payments.

I remember when I went to buy my first new car, a couple of years after school.

When I walked into the dealership, and after the usual small talk, the salesman
asked me what I wanted to pay per month, not how much I wanted to spend.

This is a classic example of how we fritter our income away, month by month.
This is a pattern that gets us into deep trouble – and fast!

43 | PAGE
44 | PAGE

CHAPTER 10

Estimating When You’ll Be Debt-Free

Let’s estimate how long it will take to get you out of debt. Before I tell you how to
go about paying off your debts, I want to be sure you know how NOT to incur any
more debt or increase the debt you are currently trying to pay off.

The first thing I want you to do is to cut up and throw away all of your credit cards,
with the exception of 1 card you will keep for travel and true emergencies.

These are only to be used in the event you don’t have the cash to pay for the
expenses. But DO NOT carry a balance on this card.

Now I know I can hear some of you trying to justify the reason why you should
only have ONE credit card.

If you hear yourself making excuses, stop and think for a moment. Isn’t this what
an alcoholic does when they just want “a tiny drink”?

You will have a much more difficult time if you try to pay off your credit card bill
and still continue to use them. The best advice – cold turkey!

Now while you are on your debt-free journey, I want you to give up the use of
plastic.

One of the most popular excuses is…I pay them off at the end of the month. Well,
if this is true, it should be very easy for those of you that do this.

Simply pay for the expenses throughout the month rather than at the end of the
month.

I know you may be thinking “what if an emergency comes up.”

44 | PAGE
45 | PAGE

Think about it, how many true emergencies have you had during the last 12
months?

Really think about it. If you do happen to have an emergency, I want you to use
your “Debt Relief Cash” money first and then only if you absolutely need it, use
your emergency credit card.

Then I want you to use the Debt Relief Cash to pay off the new amount you
incurred on your credit card before you resume your debt payoff program.

With this new way of living, you will use your Debt Relief Cash for any
emergencies that come up, because as you go through the program, you will be
reducing your debt by a little more each month.

45 | PAGE
46 | PAGE

Job Travel and Credit Card Usage

Perhaps your job or lifestyle requires the use of a credit card. You may be in sales
or you may need to pay for your travel expenses and then submit a T&E form to be
reimbursed.

If so, there are a couple of options available to you.

The first option may be to carry an American Express Card, because it’s not a
“credit card”, it is a charge card.

Therefore, you are required to pay the balance in full each month.

This may be a good option if you need to use credit cards.

Now a word of caution here about American Express. There are several types of
cards American Express offers – blue, optima, gold and platinum – they usually
give lines of CREDIT.

This is something you don’t want. Remember, credit is usually disguised as a wolf
in sheep’s clothing.

If you enjoy the convenience or safety of not carrying cash, consider getting a
“Debit Card” which works like a MasterCard or Visa, but with one major
difference.

It actually deducts the money immediately at the time of purchase, so the money is
directly withdrawn from your checking account.

A lot of these cards are tied to your ATM card, so now, when you decide to make a
purchase, you will be using “real” money for your purchase as opposed to using
credit.

46 | PAGE
47 | PAGE

Helping Others

One of the major benefits of living a debt-free lifestyle is the ability to help other
people who may really need it.

It may be your elderly parents, siblings, children, relatives or a close friend. You
now have the resources to help them.

Although you may be excited about your new financial life, don’t be too surprised
if others don’t embrace it.

Think back to how you treated debt. A funny thing about debt is, you don’t realize
how much of a burden it was until you finally are out from under it.

If you diligently follow the information in this eBook, you WILL achieve your
financial goals in the shortest time possible.

You now have the tools you need and hopefully some motivation to become debt-
free.

Now the biggest obstacle you face is “getting into action”. You must take action to
work out a plan and GET STARTED!

Today is a good day to begin your debt-free journey. Take Massive Action and put
your plan into action today!

47 | PAGE
48 | PAGE

Prepayment Principal Forms

____________Prepayment Principal Forms___________

Instructions: Use the coupons to make the “Debt Relief Cash” payment on your
home mortgage loan. Be certain to send them TWO (2) CHECKS.

1. The normal regular payment; and

2. Your additional payment

Be sure to staple your regular payment check to your regular payment coupon and
the “Debt Relief Cash” payment to these payment coupons with the appropriate
information filled in.

Note: Your mortgage lender may already have a system in place to handle
prepayments. Contact them to see if there are any specific guidelines you need to
follow to implement this plan.

Please apply this amount $_______________

To prepay the balance of loan number __________________

IMPORTANT NOTE: This additional payment is to be used toward the

principal only of the next payment (not the last) and sequential adjacent
payments until all of the additional payment is used.

Names(s) on Loan: ___________________________________

Address: ___________________________________________
City____________________ State _________ Zip __________

If you have any questions, please contact me at __________________

Or by email at _____________@__________. ____________

48 | PAGE
49 | PAGE

Debt Relief Time Table

For example: If you have $1,500 in debt and you have $125 a month to use toward reducing this
debt, it will take you 1 year to payoff this debt.
DEBT Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10
1,500.00 $125 $63 $42 $31 $25 $21 $18 $16 $14 $13
2,000.00 $167 $83 $56 $42 $33 $28 $24 $21 $19 $17
3,000.00 $250 $125 $83 $63 $50 $42 $36 $31 $28 $25
4,000.00 $333 $167 $111 $83 $67 $56 $48 $42 $37 $33
5,000.00 $417 $208 $139 $104 $83 $69 $60 $52 $46 $42
6,000.00 $500 $250 $167 $125 $100 $83 $71 $63 $56 $50
7,000.00 $583 $292 $194 $146 $117 $97 $83 $73 $65 $58
8,000.00 $667 $333 $222 $167 $133 $111 $95 $83 $74 $67
9,000.00 $750 $375 $250 $188 $150 $125 $107 $94 $83 $75
10,000.00 $833 $417 $278 $208 $167 $139 $119 $104 $93 $83
11,000.00 $917 $458 $306 $229 $183 $153 $131 $115 $102 $92
12,000.00 $1,000 $500 $333 $250 $200 $167 $143 $125 $111 $100
13,000.00 $1,083 $542 $361 $271 $217 $181 $155 $135 $120 $108
14,000.00 $1,167 $583 $389 $292 $233 $194 $167 $146 $130 $117
15,000.00 $1,250 $625 $417 $313 $250 $208 $179 $156 $139 $125
16,000.00 $1,333 $667 $444 $333 $267 $222 $190 $167 $148 $133
17,000.00 $1,417 $708 $472 $354 $283 $236 $202 $177 $157 $142
18,000.00 $1,500 $750 $500 $375 $300 $250 $214 $188 $167 $150
19,000.00 $1,583 $792 $528 $396 $317 $264 $226 $198 $176 $158
20,000.00 $1,667 $833 $556 $417 $333 $278 $238 $208 $185 $167
25,000.00 $2,083 $1,042 $694 $521 $417 $347 $298 $260 $231 $208
30,000.00 $2,500 $1,250 $833 $625 $500 $417 $357 $313 $278 $250
35,000.00 $2,917 $1,458 $972 $729 $583 $486 $417 $365 $324 $292
40,000.00 $3,333 $1,667 $1,111 $833 $667 $556 $476 $417 $370 $333
45,000.00 $3,750 $1,875 $1,250 $938 $750 $625 $536 $469 $417 $375
50,000.00 $4,167 $2,083 $1,389 $1,042 $833 $694 $595 $521 $463 $417
55,000.00 $4,583 $2,292 $1,528 $1,146 $917 $764 $655 $573 $509 $458
60,000.00 $5,000 $2,500 $1,667 $1,250 $1,000 $833 $714 $625 $556 $500
65,000.00 $5,417 $2,708 $1,806 $1,354 $1,083 $903 $774 $677 $602 $542
70,000.00 $5,833 $2,917 $1,944 $1,458 $1,167 $972 $833 $729 $648 $583
75,000.00 $6,250 $3,125 $2,083 $1,563 $1,250 $1,042 $893 $781 $694 $625

49 | PAGE
50 | PAGE

80,000.00 $6,667 $3,333 $2,222 $1,667 $1,333 $1,111 $952 $833 $741 $667
85,000.00 $7,083 $3,542 $2,361 $1,771 $1,417 $1,181 $1,012 $885 $787 $708
90,000.00 $7,500 $3,750 $2,500 $1,875 $1,500 $1,250 $1,071 $938 $833 $750
95,000.00 $7,917 $3,958 $2,639 $1,979 $1,583 $1,319 $1,131 $990 $880 $792
100,000.00 $8,333 $4,167 $2,778 $2,083 $1,667 $1,389 $1,190 $1,042 $926 $833
150,000.00 $12,500 $6,250 $4,167 $3,125 $2,500 $2,083 $1,786 $1,563 $1,389 $1,250
200,000.00 $16,667 $8,333 $5,556 $4,167 $3,333 $2,778 $2,381 $2,083 $1,852 $1,667
250,000.00 $20,833 $10,417 $6,944 $5,208 $4,167 $3,472 $2,976 $2,604 $2,315 $2,083
300,000.00 $25,000 $12,500 $8,333 $6,250 $5,000 $4,167 $3,571 $3,125 $2,778 $2,500
350,000.00 $29,167 $14,583 $9,722 $7,292 $5,833 $4,861 $4,167 $3,646 $3,241 $2,917
400,000.00 $33,333 $16,667 $11,111 $8,333 $6,667 $5,556 $4,762 $4,167 $3,704 $3,333
450,000.00 $37,500 $18,750 $12,500 $9,375 $7,500 $6,250 $5,357 $4,688 $4,167 $3,750
500,000.00 $41,667 $20,833 $13,889 $10,417 $8,333 $6,944 $5,952 $5,208 $4,630 $4,167
600,000.00 $50,000 $25,000 $16,667 $12,500 $10,000 $8,333 $7,143 $6,250 $5,556 $5,000
700,000.00 $58,333 $29,167 $19,444 $14,583 $11,667 $9,722 $8,333 $7,292 $6,481 $5,833
800,000.00 $66,667 $33,333 $22,222 $16,667 $13,333 $11,111 $9,524 $8,333 $7,407 $6,667
900,000.00 $75,000 $37,500 $25,000 $18,750 $15,000 $12,500 $10,714 $9,375 $8,333 $7,500
1,000,000.00 $83,333 $41,667 $27,778 $20,833 $16,667 $13,889 $11,905 $10,417 $9,259 $8,333

50 | PAGE
 51 | PAGE

Debt Relief Worksheet

(Print off as many of these “Printer Friendly” sheets as you need)

Debt Relief Amount: $__________

Usually 10% of gross monthly income

Monthly Months
Name of Total Monthly Division Pay-off Payment to
Debt Balance Payment Answer Priority & Relief payoff
Column Column Column Column Column Column Column
1 2 3 4 5 6 7

TOTALS

Total Debt (total Column 2): $_____________

Total Monthly Payments (total Column $_____________
Total Accelerated Payments (A+D) $_____________

51 | PAGE