Pay Off the Mortgage Fast (Like Us) With This Totally FREE Tool!!

pay off the mortgage fast - free tool

You’re out of consumer debt, you’ve got your emergency fund, you’re investing for your retirement, and now you’re finally ready to tackle the behemoth – the mother of all debts…the house! Congrats!! Just think about the future you’ll have here – use the tool below to pay off the mortgage fast, bump up your retirement savings yet again, and then still have so much extra money that you won’t even know what to do with it all!

These are good problems to have, so let’s get you there and pay off the mortgage fast!

How to Pay Off the Mortgage Fast (Like Us!)

We were completely out of debt, owned two rentals that we paid cash for, and our retirement funds were soaring…but somehow, we just weren’t content. Life wasn’t what we expected it to be.

Maybe it was the fact that our house was originally mine and my ex’s, . . . → Read More: Pay Off the Mortgage Fast (Like Us) With This Totally FREE Tool!!

Could You Get Out of Debt This Year?? (w/ Free Debt Snowball Calculator)

could you get out of debt this year - raining money - debt snowball

“Hi Derek! I make $60,000 a year and have $25,000 in student loans. Do you think I could roll up my sleeves and get out of debt this year?”

I get this question a lot. People know they have a decent income, they know they have debt, but they just can’t figure out how long it’s going to take them to get rid of it all. So naturally….they do absolutely nothing…

Could You Get Out of Debt This Year?

This drives me absolutely nuts!! C-mon, people! You’ve got a debt hanging out there that’s HUGE and is costing you thousands of dollars a year! Stop ignoring it! That ostrich “head-in-the-sand” approach that you’ve grown fond of…it isn’t working! That lion can still see you and you WILL get eaten if you don’t start moving and figuring out this debt thing!

So what’s the answer? What’s going to spring you into . . . → Read More: Could You Get Out of Debt This Year?? (w/ Free Debt Snowball Calculator)

73% of Americans Die With Debt – How NOT to Be One of Them

die with debt no thanks

Can you believe that 73% of Americans die with debt? And it’s not just a $200 credit card balance either. On average, Americans pass away with $62,000 worth of debt. That’s just insanity!

My advice? Learn the debt traps and avoid them, then build wealth and never look back. You won’t ever regret it and you know what? Neither will your kids!

Die With Debt? No Thanks. It’s Time to Understand the Debt Trap

Of the 73% of Americans that die with debt…

68% had credit card balances,37% still had a mortgage,25% had car loans,12% had personal loans, and6% had student loans

Sheesh. That’s a wide range of debt!

Some may have only had one category of debt above, but there were others that may have had every form. On average, a sizable amount of people had credit card debt, mortgage debt, and car debt!

Why is this? . . . → Read More: 73% of Americans Die With Debt – How NOT to Be One of Them

When Does Debt Consolidation Make Sense to Pay Off Credit Cards?

which debt to pay off first

Many Americans are no stranger to big credit card bills. When you are neck-deep in credit card debt, it can seem like there is no end. Sometimes it may feel like any option can be justified temporarily as your saving grace, but when it comes to credit card debt consolidation, it pays to take a close look at your circumstances before committing to anything. More importantly, you’ll want to answer the question, “When does debt consolidation make sense to pay off credit cards?”

Before we get too ahead of ourselves, it’s important to fully understand what you would be getting yourself into if you signed up with a company who can help you roll your debts into one.

What exactly would the plan look like? How long would it take? How much will the monthly payments be?

These questions and others should be carefully addressed . . . → Read More: When Does Debt Consolidation Make Sense to Pay Off Credit Cards?

The Real Reason You Should Pay Off Your House (It’s Not Interest Rates)

buying a home

Is it wise to pay off your house? Most people would say, “no”… While I have always told you yes. But what are the reasons behind these answers? Does it actually make financial sense to pay the full term of a 15-year mortgage rather than trying to pay the debt off as quickly as possible?

The Real Reason You Should Pay Off Your House

Even after digging into all the numbers, I want to tell you up front that I’m still a firm believer that you should pay off your house early. It’s not as much of a slam-dunk as some hardcore traditionalists lead you to believe, but I still firmly believe it’s the best path to wealth.

Why am I bringing you this message like I’m fighting an up-hill battle?

It’s because I am.

The Interest Savings…It’s Not as Huge as it Sounds

You probably already know the main . . . → Read More: The Real Reason You Should Pay Off Your House (It’s Not Interest Rates)

3 Ways to Calculate Which Debts to Pay Off First

get out of debt this year - debt snowball calculator

Paying off debts can be a daunting task. Whether you find yourself knee-deep in credit card debt, struggling to make ends meet every month, or desperately wish that you could pay off those student loans, there is hope. Once you’re ready to tackle them though, how do you know which debts to pay off first?

3 Ways to Calculate Which Debts to Pay Off First

There are a few methods to determine which debts to pay off first, based on what your goals are and how immediately you need results. Understanding these methods will help you better tackle any debt.

1) In Order of Interest Rate

One method for paying off debts is to rank your debts in order of the interest rate. It makes sense to pay off the debts that are accruing the most interest first since those are the ones that can end up costing you . . . → Read More: 3 Ways to Calculate Which Debts to Pay Off First

5 Ways to Save and Get Out of Debt

ways to save money and get out of debt

Debt can make it impossible to live a normal and happy life. When you’re constantly worried about making payments and stressing about how you’re going to get out of debt, it’s hard to stay positive. Sadly, we live in a culture of credit, and most people are way too willing to make purchases that they can’t afford to pay off quickly. This leads to ever-increasing amounts of debt that can quickly become a nightmare situation. So why not think of ways to save and get out of debt?!

5 Ways to Save and Get Out of Debt

By understanding how to start saving money and committing yourself to paying off your debt, you can achieve financially freedom and stability. While it won’t happen overnight, if you stick with the plan, you can see a drastic reduction in your debt.

Here are 5 great ways to save and get out of . . . → Read More: 5 Ways to Save and Get Out of Debt

17 and Homeless to Completely Debt Free

homeless to completely debt free - depressed woman no hope

Kimberly Studdard has been writing for this site for a couple years, and until I started putting the pieces together just recently, I really had no idea what an amazing story she had. It’s not an easy one for anyone to tell, but when I discovered her struggles and now her successes, I continued to encourage her to put her story into print. I just know it will help so many others that feel helpless, overwhelmed, and incapable. You are stronger than you think. We all are. Kimberly went from 17 and homeless to completely debt free. If that’s not encouraging, I don’t know what is!

17 and Homeless to Completely Debt Free

“Hope deferred makes the heart sick; but when the desire comes, it is a tree of life.” – Proverbs 13:12

When people ask me how they could possibly pay off debt and live a . . . → Read More: 17 and Homeless to Completely Debt Free

You Have Been Doing It All Wrong – Here’s How NOT to Fight Off the Debt

how not to fight off the debt

With reports of Uncle Sam going into insurmountable debt doing rounds on the internet and IMF bearing witness to this conviction in its Global Fiscal Monitor report, you can’t help but fear a terrible fate. But as a matter of fact, you aren’t as helpless as you think. You can’t help the U.S in resolving its debt crisis with your master plan, but nonetheless, you are answerable for your debt and you can always work your way out of it.

You Have Been Doing It All Wrong – How NOT to Fight Off the Debt

You have got to admit that the Ghost Of The Recession Past (2008) still haunts you and while times are still peaceful, you must strive to get rid of debt because if the future turns out to be the way we are anticipating it to be, there would be no room left whatsoever to fight . . . → Read More: You Have Been Doing It All Wrong – Here’s How NOT to Fight Off the Debt

101 Reasons to Get Out of Debt

reasons to get out of debt

Your friend just paid off their car. Your brother-in-law just made the last payment on his student loan. And you know what? Even your co-worker just told you that he has no mortgage! How is it that everyone is winning at this financial game and you’re still deeply in debt?? There’s just one difference between you and them. They have clear, defined, hugely inspiring reasons to get out of debt. You don’t.

101 Reasons to Get Out of Debt

If you want to get out of debt, but don’t have that one solid reason to do it, you’ll never do it.

There are three emotions that move you: Greed Fear Anger

The best reasons to get out of debt are triggered by two of these emotions – fear and anger. If you’re freaked out about what your debt will do to you and pissed off about how it’s kept you . . . → Read More: 101 Reasons to Get Out of Debt