| Are you an "average" American? | | | | 17% interest rate, it would take you 39 years |
| | | | and 7 months to pay it off? You'd pay a total |
| FACT: Total American household consumer debt | | | | of $15,619, and two-thirds of that would be |
| averaged $11,840 in 2005 | | | | interest. You'd be paying interest on meals |
| | | | you ate decades earlier, electronics that |
| FACT: The rate of personal savings in the | | | | would be considered artifacts and clothes |
| United States dipped below 0% for the first | | | | that were cool when wearing plaid shirts with |
| time since the great depression, hitting | | | | striped pants was the cool thing to do. |
| negative .5% in 2005 | | | | |
| | | | So the question is, what is the "average" |
| FACT: Average household credit card debt has | | | | American supposed to do? The answer is simple |
| increased 167% between 1990 and 2004 | | | | yet profound - become above average and earn |
| | | | more money. |
| FACT: The average American had over seven | | | | |
| payment cards in their wallet including | | | | Great, but how? You need to start by |
| credit card, retail store cards and bank | | | | generating a second source of income for |
| debit cards in 2004 | | | | yourself that you can generate when and how |
| | | | you want. Before you say that this sounds too |
| FACT: Over 60% of Americans revolved a | | | | simplistic to be real, the fact is that |
| balance on their credit cards in 2005 | | | | thousands of people startup a home based |
| | | | business everyday and many of those people |
| So, I ask you - how does it feel to be an | | | | are earning a significant enough income that |
| "average" American? For most, it feels like | | | | they are able to pay off that debt in a |
| you are drowning in debt, and the reality is | | | | relatively short time, saving themselves |
| - you absolutely are. | | | | thousands of dollars in interest. |
| | | | |
| Credit cards, home equity loans, debt | | | | And once you've gotten started, you may even |
| consolidation - all seem like viable options | | | | realize that you enjoy working for yourself |
| when one looks at how they can work to ease | | | | and will start to put more effort into your |
| the debt. And why not? The offers for free | | | | business so that someday you can quit your |
| balance transfers, low interest rates, | | | | "day job". |
| interest only loans, all sound so enticing. | | | | |
| The cold, harsh reality is that credit | | | | The reality is that regular people like you |
| companies exist to make money off of you. | | | | and me are making anywhere from a modest |
| That's OK though, as long as you keep making | | | | income to a fortune working for themselves in |
| that minimum payment you are OK. Your credit | | | | their own home based business. So ask |
| will be stellar and you probably could get | | | | yourself one all important and life changing |
| more credit cards, which is a great thing | | | | question... |
| right? | | | | |
| | | | Are you ready to say goodbye to the worries |
| Absolutely NOT! | | | | of escalating debt and take control of your |
| | | | life in a way that until now you only dreamed |
| Did you know that if you made the minimum | | | | about? |
| payment on a $4,800 balance on a card with a | | | | |