Transforming Debt into Wealth System Manual [Ring-bound]

John M. Cummuta (Author)

Book Description

Publication Date: 2002

Even if your credit cards are maxed out and you have a huge mortgage to pay off, you can still get rid of all your debt in about five to seven years - and begin rapid wealth-building - without sacrificing the things that matter most to you! This is as close to a financial chain reaction as you'll ever find. You'll be amazed how quickly your debts melt away, and how rapidly your net worth climbs! In this program, you'll learn how to prioritize and pay off every penny of your debt in the shortest possible time. You'll discover how to operate 100% on cash ... even in emergencies ... so you'll NEVER need to use credit again. Transforming Debt into Wealth will teach you how to focus every dollar you're currently using on debt payments toward building your wealth. And best of all, it will show you how to do all of this with the money you already make! In addition to getting and staying out of debt, Transforming Debt into Wealth will show you how to attain REAL financial freedom. You'll also learn simple, no-hassle strategies for investing your money for long-term growth. And without debt dragging you down, you'll be amazed at how quickly you can amass a fortune! Believe it or not, after their debts have been paid off, most people can retire in about 5 to 7 years - and they can achieve this using the money they are already bringing home! Far from being a lottery or a "get rich quick" scheme, this is a rock-solid plan - a plan that will absolutely work for you - a plan that will take you from debt to wealth. Listen to Transforming Debt into Wealth today and get on the path to REAL financial independence. You'll Learn: How and why you've been misled and taken advantage of all your life by a system designed to keep you in a prison of debt. How to stop car dealers from picking your pockets. Why mortgage interest deductibility is the "Tax Shelter" lie. How to calculate exactly when you'll be completely out of debt and when you'll be able to retire.

Product Details

• Ring-bound
• Publisher: Nightingale Conant (2002)
• Language: English
• ASIN: B000WUEHIO
• Product Dimensions: 11.4 x 10.6 x 1.2 inches
• Shipping Weight: 3.2 pounds
• Average Customer Review: 4.0 out of 5 stars  See all reviews (2 customer reviews)
• Amazon Best Sellers Rank: #949,059 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

6 of 6 people found the following review helpful:

4.0 out of 5 stars How to make compound interest work for you, not against you, February 29, 2008

By 

Maxim Masiutin (Chisinau, Republic of Moldova) - See all my reviews
(REAL NAME)   

This review is from: Transforming Debt into Wealth System Manual (Ring-bound)

"Transforming Debt into Wealth" program aims to make you wealthy by making compound interest work for you, not against you. Compound interest is the concept of adding accumulated interest back to the principal, so that interest is earned on interest from that moment on. The act of declaring interest to be principal is called compounding (i.e. interest is compounded). When you make a loan to buy a car or a house or do credit card purchases, the part of the money you earn are spent on the interest, rather than the principal. This is the most noticeable with mortgages: the longer the term, the biggest part is paid as interest. If you eliminate your debt completely and will have plenty cashflow to invest and to make the compound interest work for you, you will become an Investor - a person who is spending money in order to receive a larger payout in return. This program is about to becoming an investor. If you are currently an Employee, Self-employed or Small business owner or even a Business owner, this program will make you to become Investor in true sense, i.e. the person without debts (or at lease without "bad debts") and who has enough money invested to make compound interest provide enough monthly cashflow. I also recommend Robert Kiyosaki's "Rich Dad, Poor Dad" in addition to this program. Although both share essentially the same rationale, this program is more practical. It has enough to-do actions and small steps that will help you change your habits, values, beliefs, get rid of shopping additions and impulse buying, brainwashing media - - everything, that prevent you from becoming wealthy.

1 of 1 people found the following review helpful:

4.0 out of 5 stars How to make compound interest work for you, not against you, February 29, 2008

By 

Maxim Masiutin (Chisinau, Republic of Moldova) - See all my reviews
(REAL NAME)   

"Transforming Debt into Wealth" program is aimed to make you wealthy by making compound interest work for you, not against you. Compound interest is the concept of adding accumulated interest back to the principal, so that interest is earned on interest from that moment on. The act of declaring interest to be principal is called compounding (i.e. interest is compounded). When you make a loan to buy a car or a house or do credit card purchases, the part of the money you earn is spent on the interest, rather than the principal. This is the most noticeable with mortgages: the longer the term, the biggest part is paid as interest. If you eliminate your debt completely and will have plenty cashflow to invest and to make the compound interest work for you, you will become an Investor - a person who is spending money in order to receive a larger payout in return. This program is about to becoming an investor. If you are currently an Employee, Self-employed or Small business owner or even a Business owner, this program will make you to become Investor in true sense, i.e. the person without debts (or at lease without "bad debpts") and who has enough money invested to make compound interest provide enough monthly cashflow. I also recommend Robert Kiyosaki's "Rich Dad, Poor Dad" in addition to this program. Although both share essentially the same rationale, this program is more practical. It has enough to-do actions and small steps that will help you change your habits, values, beliefs, get rid of shopping additions and impulse buying, brainwashing media - - everything, that prevent you from becoming wealthy.