The nearly unpopulated debt-free-state WalletDoctorBlog

Hi WalletDoctorBlog

I teach all of my students the incredible
tranquility of the debt-free-state. Debt
free is just incredible. You can wake up
in the morning knowing that your feet
don�t have to hit the floor running to
scramble up some green to feed the
mortgage monster for another 30 days.
When you are debt free you really can
settle down and relax and savor you
options instead of desperately seeking
solutions to monthly payments. You
really do need to think right now about
the life you really want. How much of your
time do you want to enjoy right now? You will
enjoy yourself much more �now� by becoming
debt free while investing in the long term
where you don�t have to frantically watch your
stock prices on a computer monitor all day.

http://www.walletdoctor.com/stockcd.htm

Sit down and look at the income you make.
Total up all of the house payments, car payments,
and credit card payments that you make. For
most people this is over $1,500.00 per month.
Stop and think about what I am about to say.
If you were able to erase your mortgage, your
car loans, and your credit card debt you would
be giving your self a raise in this scenario of
$1,8000.00! Putting the maximum $4,000.00
contribution into your Roth IRA means that
you would still have $10,000 to have fun with.

http://www.walletdoctor.com/stockcd.htm

Now here is the great part. You would be
able to have the same lifestyle you do now
living on $1,800.00 a month less. The U.S.
savings rate in 1980 was 10%. In August of
last year the U.S. Department of Commerce
reported that this had dropped to zero! Part
of this was attributed to an increase in home
values. But read what I have to say very
carefully. Home equity is an illusion because
it does not put food on your table like eliminating
your debt does! Californians are particularly
prone to wake up calls as the hottest real estate
bubble in state history began to cool off last year.
Alliance Title in the city of Redding reported
virtually zero closings for properties above
$500,000.00 to my family�s real estate brokerage in
the Cascade Mountains. This tells me as a financial
economist that home buyers are no longer willing to
pay inflated values so don�t look toward you home
equity as some sort of piggy bank.

http://www.walletdoctor.com/stockcd.htm

The only way to eliminate your debt is to start
saving or save more. But most people don�t want
to sacrifice their overblown lifestyles today to
become more comfortable tomorrow. Most people
today are too hardheaded in there drive to show
people how financially successful they are. They
want to drive a new car, upgrade to a bigger house,
and put on �airs� of wealth. People who live like
this will never become wealthy stock investors
because they won�t get through the beginning
years when they either develop this debt free
habitual way. They will simply chain themselves
more and more to their own jail of debt (also
called leverage in finance). For this reason the
least populated state in the union is the debt Free
State.

http://www.walletdoctor.com/stockcd.htm

It blows my mind to observe so many people
actually attracted to leverage. Companies
like Ditech have been flooding the market with
cheesy advertising to dupe people into one of
the dumbest financial mistakes they can make;
taking out a second mortgage on their home!

http://www.walletdoctor.com/stockcd.htm

I also observe people attracted into the
investment markets that emphasize �making
lots of money fast on debt.� Unfortunately
these same markets can make you lose lots of
money very, very fast. As a former futures
and futures options trader I am extremely
sensitive to leverage of any kind. I get really
annoyed by some of the financial "gurus" out
there that are teaching people to take out
seconds on their homes to invest in the
stock market through a Roth, etc. You should
be working to financial stability not showmanship.

http://www.walletdoctor.com/stockcd.htm

Go here now to learn to put your money at work
where it really will build fast and much safer in
the long run stock market:

-Scott

Ps. Tomorrow I will tell you 3 secrets to
getting your personal finances under control.

Double Ps. If you are too timid to post a question
on the forum (http://walletdoctor.com/thedoctorisin/login.php)
then please e-mail me directly because I really am trying
to help you.

Triple Ps. If you want to get out of the big city
and move up to the mountains check out
http://www.FallRiverMills.com in the secluded and exclusive
misty mountain Fall River valley in Northern California.
A spectacular mountain view home with an indoor
heated pool just came available. The phone is
530-336-5411. Ask for my mom Barbara Galion.

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