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Becoming debt free is something few aspire to. Rather, many people seem to be slipping further and further into debt despite good intentions.
Leo J. Quinn, Jr.’s “How to Own Your Own Paycheck Again” isn’t just for someone currently struggling with debt. It provides information for anyone wanting to educate themselves on how to avoid some of the many pitfalls that lead so many people into debt. It also offers plenty of advice on how to negotiate smarter deals so you can get a loan on the best possible terms when you need it.
In addition, the information contained in this eBook often contradicts conventional wisdom. However, the fact that 96% of the population fails to achieve financial independence is an indication that conventional wisdom may be flawed and that a new approach is needed, which this author is sure to offer.
He backs up his advice with practical examples of how and why his advice works. The steps he outlines are reassuringly simple. In addition, under the conditions described in this eBook, he not only shows you how to become debt free, but also how long it will take you to get there.
This is crucial as there often seems to be no window of hope for many who are heavily in debt. Also, many do not have a structured way to get out of debt and often unknowingly exacerbate their situation. Unfortunately, as the author points out, for those in deep debt, there is no immediate solution.
Nonetheless, with a disciplined approach, anyone who follows the debt elimination plan outlined in this e-book, barring other drastic circumstances, should soon see a dramatic improvement in their financial situation. And this improvement is an important factor in helping people stay on track with their new money management strategies. The author even shares advice on how to deal with financial hiccups, which are a factor in life and can easily derail someone already struggling financially.
One of the specific topics covered in this book is mortgages. It clearly shows how harmful a mortgage is and what can happen when mortgages go wrong given the current mortgage crisis is a harsh reality for thousands of people. The author offers an alternative way to buy your first home. It’s advice that may come too late for many readers, but certainly advice that can be shared and applied when helping kids buy their first home without being saddled with debt for the rest of their lives. This eBook also contains other practical tips on how to get the best mortgage terms and pay off your mortgage in record time.
Other topics covered include credit and debit cards, buying a car, buying home appliances, and student loans. In each case, the author shows what we are often encouraged to do, how this often leads to financial desperation and better opportunities to get what you need while minimizing your debt and in some cases, getting into no debt at all.
The author encourages individuals to become proactive about their finances and if readers would simply follow this advice it would surely make a huge difference in their financial situation. As with many things, increased awareness of a situation empowers you to take action to bring about positive change, but many people live in a financial fog where they don’t have a clear idea of how and where their money is being spent.
And one area where people can be more proactive is in figuring out their creditworthiness. When applying for a loan, looking for an apartment or even when applying for a job, your credit score can be taken into account and if it is inaccurate, which can often be the case, your credit score can be affected.
However, many people do not check their credit reports. This eBook will show you how to get a free credit report, how to interpret it, and how to improve your credit rating. It even provides a sample letter for contesting errors in your credit report.
For those whose expenses exceed their income, the author offers an easy way to cut costs to balance your budget. He also offers several suggestions for spending less. Some of the recommendations for reducing your spending are a little extreme, but they force you to be realistic and see where you may be spending money unnecessarily.
This eBook is a simple yet highly effective guide that can definitely help readers get out of debt and get their paychecks back, provided they are disciplined about their finances and follow the excellent advice.
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