==== ==== Is There A Way To Break Free From Modern Day Slavery? There is a way to get out of debt. Follow these steps.... http://successwithdj.info ==== ====
Many people say that if you want to get rich you need to work hard, live frugally and pay off your debt. The saying "If you want to be rich don't pay off debt" doesn't make sense to them because they don't understand how the rich people use money to get richer. In 1971, President Nixon, took America off the Gold Standard, meaning that money was no longer based upon anything of value (like gold) and therefore it became a currency. This allowed the government to print as much funny money as it wanted to pay for the war (and other things). Because of this change, the buying power of money is constantly going down. People think the cost of living is going up, but really their money is becoming less valuable. This happened to money in Germany before World War II. Money was not based on anything and lost almost all of its value. There is a story of a lady in Germany who took a wheelbarrow full of money to the bakery to buy a loaf of bread. After choosing a loaf and negotiating a price she went out side to collect her money to find that she had been robbed. The thieves had taken her wheelbarrow and left her money on the side of the road. Her money, although she had a lot, was worthless. This is what is slowly happening to our money today. This means that your debt is slowly becoming worthless. So even if you only pay the interest, and none of the original debt, your debt is decreasing in value (because the value of money is decreasing). I say it all the time, rich people don't work for money they work for assets. Assets are things that generate income without you having to work for them. The great thing about assets (lets take a positive cashflow rental house for example) is that when the buying power of money goes down the asset and the income generated from it goes up to compensate. So the asset goes up in value and the debt (even if you pay only the interest and none of the original debt) goes down in value. So why pay back debt now when you can pay it back later with less expensive dollars. I have a friend and him and his wife have a large income and a fair amount of debt. They want to use their income to pay off debt, and although this may generate some more cashflow (by lowering expenses) they are actually using their money to purchase a liability (something that will lose value). Instead of paying off their debt they could use that same money to purchase an asset that generated an income to offset the cost of the debt. Then they would have an asset going up in value and a debt that was going down in value (because the value of money is going down). Ultimately this would make them richer than just paying off their debt, because they will end up with no debt and an income generating asset, instead of no debt and no assets. Rich people don't pay off debt. Rich people acquire debt to buy things that generate them income.
They get into more debt so they can buy more assets. Because money goes down in value and assets go up in value this makes them richer and richer. They end up with lots of assets that more than pay for the debts associated with them, while everyone else is still struggling to pay off their debt with their income from their job. I know this is a lot to swallow. Almost everyone will tell you that if you want to be rich you need to get rid of debt. But really the fact is that if you want to get rich you need to use debt to purchase assets that will generate you more income than your debt is costing you. Then over time your income will go up, while the cost of your debts will remain the same or go down. This gives you more income and more freedom to live the life you have dreamed.
Becoming financially free in just 5 years is possible for anyone. It doesn't matter what your current financial situation is, you can become rich and never have to work again in just 5 short years. You don't need a high paying job or a get rich quick scheme, you just need real training on creating real strategies for getting rich. Go to http://www.richacademy.com and sign up now to start you free training on "How To Get Rich Without Making More Money". Don't waste any time, start training yourself to be rich today by signing up for your free teaching.
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==== ==== Is There A Way To Break Free From Modern Day Slavery? There is a way to get out of debt. Follow these steps.... http://successwithdj.info ==== ====