How to Eliminate Debt from Your Life Forever

FinanceMortgage & Debt

  • Author James Lund
  • Published January 15, 2009
  • Word count 585

With the economy becoming more and more unstable, people around the world are trying to eliminate all of their debts. However, it can be very hard, and many people do not know where to start. When you own so much money, how in the world do you pay it all back? Well, Jamie McIntyre has actually come up with a system that will teach you how to eliminate debt from your life forever. His 21st Century Academy will get you out of your old thinking and into the 21st century where you can live a debt free life.

Jamie McIntyre has discovered a way for everyone to get out of debt and start making more money through investment principles. With his 21st Century Academy you can turn your debts into income. There are several easy steps to accomplishing this and eliminating debt from your life forever. If these steps are followed then you will be well on your way to becoming debt free and much wealthier. Who wouldn't want to achieve that?

The number one way used in the 21st Century Academy to eliminate debts is to stop obtaining more debt. If you cannot afford something with cash or from what you make on your income, then don't buy it. It is a very simple concept that most people have forgotten. Putting yourself further into debt is actually hampering you for the rest of your life! Imagine how much income you would have if you saved all the money that you have been using to pay off debts.

Jamie McIntyre believes that the second thing to do is save money. You cannot get out of debt without first setting the money aside to use to pay off the debts. Whatever extra expenses you can cut, cut them. That could be any number of things. You could eat at home more, rent movies rather than going to see them at the theater, stop going to sporting events, or try and drive less to save on gas. Maybe there is an activity that you could eliminate and use that money to pay off your debts. You can add these things back in later after you eliminate all of your debts.

A third idea to consider that Jamie McIntyre recommends in his 21st Century academy is taking out a loan to pay off the money that you owe. If you have a high interest rate on your debts then you are paying a lot more than you think. If you can get a loan that has less interest then you are better off paying off all of the debts at once, and paying the loan off at a slower rate.

Another way to eliminate debts from your life forever is more radical. Jamie McIntyre recommends that you invest as much money as possible. You can even take out a loan and invest that. Wherever you can get investment money from, take it and do it! When you get the returns on the money use that to pay off your debts.

Jamie McIntyre and the 21st Century Academy are all about teaching you to make the best use of your money. If you follow their principles then you will achieve the income level that you've always dreamed of. If you wish to live a debt free life while also living at ease make sure to follow the principles outlined in the 21st Century Academy. You will finally be free, and your life will be all the better for it.

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