Breaking Free from the Shackles of Debt Slavery!
The entire western world economy is built upon debt. The majority of people spend more than their paycheque every month. This is by design; to continue the debt-cycle used to create more fiat currency and this ‘living beyond your means’ culture is promoted and perpetuated through the mainstream media advertising and subliminal programming to ‘have it now and pay later’.
We are going to give you a working strategy to get out of debt in readiness for when you start accumulating wealth through Cryptocurrency. In the process, you will also need to start reprogramming yourself to have a ‘millionaire mindset’. It’s a very sad fact that most lucky lottery winners who win millions are broke again within a year of winning! They weren’t prepared for the win and weren’t used to dealing with large amounts of money and so end up frittering it all away astonishingly quickly.
This strategy is taken from ‘The Richest Man in Babylon’; the famous book by George Samuel Clason that dispenses financial advice through a collection of parables set in ancient Babylon. Through their experiences in business and managing household finance, the characters in the parables learn simple lessons in financial wisdom. Here we will cover the very basics of the system and you can get the book, or audio book, if you’d like to go over it in a lot more detail. But, once you have the basic system, you can start putting it to work for you this very day.
Don’t let its simplicity fool you! It is a very powerful strategy that really works. ‘Failing to plan is planning to fail’, as the old adage goes and, if you commit to following this very simple system, you will very soon start to see the dramatic effect that it has on your overall financial wellbeing. It can become very addictive too; as you see the results you will want to work harder to help speed things up even more.
The basic concept is to break the paradigm of spending more than your paycheque every month. Admittedly, it is hard at first, but it gets easier over time, especially as you begin to see the results for yourself.
So here it is –
1/10th of your paycheque goes into your ‘nest egg’ fund that you do not touch.
2/10ths of your paycheque goes to pay of your debts; start with the ones which carry the largest interest rates first.
7/10ths yes, you guessed it, this is what you now have to learn to live on every month.
As you can see it is very, very simple; the hardest thing is committing to follow it to the letter each and every month. Also, this is the very minimum commitment every month so, if you can commit more some months to your ‘nest egg’ fund and repaying your debts, then all the better.
Your ‘nest egg’ fund we advise splitting between gold, silver and cryptocurrency.
For debt management, we advise trying to move debts with the highest interest rates, like credit cards etc., to personal loans with lower interest rates or, if you can get them, many banks offer credit cards with no interest for the first 18 months on balance transfers. So, move all debts to where they are accruing the lowest amount of interest possible and use the 2/10ths of your paycheque to start paying off the ones with the greatest amount of interest first.
Using this very simple strategy you will very soon start to see your overall amount of debt decreasing whilst your ‘nest egg’, for your new golden future, beginning to slowly start to grow. From little acorns, mighty oak trees grow. Bill Gates was once being interviewed about his incredible vision and ability to see future trends. He pulled an acorn from his pocket and asked the interviewer what he saw. The interviewer had already guessed where he was going with the questioning and replied; ‘I see a mighty oak tree’. To which Bill replied; ‘Very good, yes, you have very good vision, the difference with me is that I see a mighty oak forest!’.
Developing and honing your ‘millionaire mindset’ is another essential step in the journey that you should now embark upon. This is a whole subject in its own right and there are many great resources already out there to help you. If you haven’t already read it yet, ‘Think & Grow Rich’ by Napoleon Hill would be an excellent place to start.
I wish you every success and may the next few years be yours to claim!