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Introduction:
Advanced Guide to Getting out of Bad Debt
Many people contacted us dumbfounded. How could you be investing
while still in so much debt??!
The answer is: The investing helped us get out of debt.
Due to the number of inquiries, I decided to shed some light on this
advanced method. From the outside looking in, it looks like a gambler’s
way out of debt. That could not be further from the truth.
The Advanced Guide to Getting Out of Bad Debt can be broken
down into six steps:
1. Stop spending—Find your financial emotional maturity
2. Start saving—Pay yourself first
3. Look for opportunities
4. Create/build/find your asset
5. Pay down your debt with your cash flow
6. Celebrate. Repeat.
Each of the above steps is very important. Don't take short cuts to fulfill
the need for instant gratification.
You’re not most people.
This process works. It requires discipline and persistence but the rewards
are worth it. If you follow the process, you’ll have cash-flowing assets
paying down your bad debt soon enough.
Let’s get into increasing your cash-flowing assets and reducing your
bad debt.