Colada

A drink of Knowledge Wisdom and Change

"Each man (is) the architect of his own fortune."

Appius Caecus

THE WORST FOUR LETTER

WORD YOU CAN USE



"ENOUGH IS ENOUGH"

                                                                                                                JB


52 MILLION TIMES A DAY

2.2 MILLION TIME A HOUR

36,242 TIMES A MINUTE

604 TIMES A SECOND


     PLEASE take a look again at those numbers. That's how often we use our CREDIT CARDS, in this country alone. Is it NO WONDER that we are in DEBT. (Sorry that I used that four letter word DEBT) We have become so used to pulling out that small piece of plastic, we don't even think about it as being MONEY THAT HAS TO BE PAID BACK.

     Think about this, the average charge is $82.00, the average house hold has SIXTEEN (16)CARDS WITH A LITTLE MORE THE $8,000.00 ON EACH ONE.The average person got none to very little pay raise in the last 2 years and if you are on SS you did not get any COST OF LIVING raise, because the government has said that we have no inflation (cost of living has not gone up).

     Now, I know that you are not average, but this is one of the reasons we have so many cars being repossessed, forecloses, people filing for bankruptcy, and company going out of business. Now since we do not live in a vacuum, all this HUNTS US PERSONLY AND AS A TOWN, STATE AND COUNTRY. Look at the lost of JOBS.

     I know that you hear "IT TAKES MONEY TO MAKE MONEY" this is TRUE. This is why credit card company are RICH, they do not have a produce to make and sell. They make their MONEY BY INVESTING IN YOU AND YOUR PAYCHECK OVER THE LONG TERM

    When the Feds lower the prime they borrow MONEY at 2% or 3% then send you a NOTICE THAT YOU ARE THEIR MOST VALUE CUSTOMER AND THEY HAVE GIVEN YOU ANOTHER $$$$ MORE line of credit.

     Most people go WOW! And go out and SPEND MONEY THEY DON'T REALLY HAVE, TO GET THINGS THEY DON'T NEED TO IMPRESS PEOPLE THEY DON'T LIKE, (THE JONES') They never look at the INTREST RATE THEY ARE PAYING OR HOW MANY YEARS THEY WILL NEED TO PAY BACK THIS VALUE CUSTOMER (GIFT).

     Since you are not the average person, you may have a few cards for a rainy day that you don't use. Them the ones you do use are for......you pay them off over the next year. Plus to save a tree you have auto pay and auto bill (this means that they do not have to have people send bills and open mail when you make payments) they can have someone in another country doing this with a computer, but they now charge you a yearly fee for having their card. You don't even want to go into how much they charge the business for you using their card.

     Study's following people (only the ones that said they were going to be rich when they retired) from about age 20 to 65, found that 1% was rich, 4% was well off, 6% was average, 35% were dead and 54% were dead broke and needed help. Now this was with people that said they were going to be rich when they retired not the average person.

     Credit card debt is the number one reason people file for bankruptcy, and 90% of people when they die leave credit card debt that their family member have to pay from the small estate the person thought they were leaving to their family.

     We make jokes about lawyers being Sharks, etc., but look at the ads NO MONEY DOWN, NO INTREST FOR 1 YEAR, RENT TO OWN, PAYDAY LOADS, GOOD CREDIT NO CREDIT BANKRUPTCY NO PROBLEM, ONLY $98.00 PER MONTH. If you go to collage they send you a credit card. How about we can consolidate your payments or lower your interests.

     The fact of the matter is, that all of this is only short term THINKING, and the average persons only THINKS SHORT TERM (a lot of company do also). The longer they (credit company) can BANK on you making smaller payment to them the MORE MONEY they will make.

     I am not the bearer of BAD NEWS, I AM ONLY HELPING YOU TO SEE THE WORLD FROM A DIFFERENCE PARADIGM and TO GIVE YOU SOME IDEAS TO GET YOU OUT OF THE RAT RACE OF DEBT AND PAY CHECK TO PAY CHECK LIVING.

     I am passing on to you a three step system that I have learned and using from a gentlemen that I think more people should be listening to, his name is Tom Danley. Here are the steps he teaches.

  1. You must change your PARADIGM,(the way you look at things), and to do this just reread the beginning of this COLADA.

  1. Next you must make a PLAN to get out of DEBT AND STAY OUT OFDEBT FOR THE REST OF YOUR LIFE. And it is my hope that what follows will be that plan.

  1. Get extra income, (he talks about starting you own business or a 2nd job)

  • List all your DEBT from smallest to larges.

  • Put away and do not use all your credit card but one, and only use if for emergency. And when you have paid off any card in full cut it up and let them know that you are closing the account.

  • Make you regular payment on all you bills but on the smallest one put all the extra money you make as part of the payment (ie. you only pay $100.00 you have made an extra $200.00, then the the payment would be $300.00) and do this until that DEBT is payed in full.

  • Then take the reg payment of $100.00 plus the extra money and do the same on the next smallest DEBT UNTIL THAT ONE IS ALSO PAIDIN FULL.

  • Keep doing this, moving all the regular payment and extra money up to the next DEBT.Do this until all the MONEY IS NOW GOING TOYOUR mortgage. Then pay that off also.


     When are you going to say ENOUGH IS ENOUGH?


DEBT OR DEBT FREE

MAKE THE RIGHT CHOICE.

                                                                                                 Jack Boston


Ralph Andrews
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