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