Do you need to make money fast?

Guys,

I have found the best place to make money online.

The site is:

http://www.needtoMakeMoneyFast.com

Check it out!

Cheers,

Eric

Rich Dad's Advisors®: The ABC's of Getting Out of Debt: Turn Bad Debt into Good Debt and Bad Credit into Good Credit

Dear Readers of Get Out of Debt,

Today I will share with you a good book that I enjoyed reading: Rich Dad's Advisors®: The ABC's of Getting Out of Debt: Turn Bad Debt into Good Debt and Bad Credit into Good Credit by Garrett Sutton.

The book is from the advisors' series of Rich Dad, Poor Dad. It really explains the difference between a good debt and a bad debt. If you refer to my very first post in 2008, you will see my total debts. There is some good debt in this mess. Like a mortgage on rental income building. The author of this book explains all of this with charts and simple examples.




Product Description

Learn how to trade bad debt for good debt and maximise credit in this step-by-step guide. Get the details on the fastest ways to wipe out bad debt, as well as simple strategies to maximise one's credit rating. Whether trying to get out of debt, or making sure one's credit is in the best shape possible, readers will discover that this book can be worth thousands of pounds!

About the Author

Garrett Sutton is an attorney with over 20 years' experience in assisting individuals and business to determine their appropriate corporate structure, limit their liability, protect their assets, and advance their personal and financial goals.

Enjoy your reading and regards,

Eric

How to Get Out of Debt: Get an a Credit Rating for Free Using the System I've Used Successfully With Thousands of Clients

Dear Get Out of Debt Readers,

If you are not a subscriber yet, please subscribe.

How to Get Out of Debt: Get an a Credit Rating for Free Using the System I've Used Successfully With Thousands of Clients by Harrine Freeman is one of my favorite book on the subject. Read the reviews under the Amazon graphic and you will understand why.




Review

How to Get Out of Debt: Get an A Credit Rating For Free by Harrine Freeman is full of practical advice on where to file complaints, sample letters, spending plan spreadsheets, statute of limitations time periods, and much more. For the past six years, Ms. Freeman has been the CEO of a credit repair and money management company, so she knows what she is talking about. --Alan Caruba, Editor, Bookviews.com

Like many Americans, Harrine Freeman, has been through credit difficulties. But not only has she turned her situation around, she has gone on to help others do the same with her straightforward guide to better credit, How To Get Out of Debt: Get an A Credit Rating For Free. Her book is here at a time when so many people need this kind of help. --Gerri Detweiler, consumer advocate and author of The Ultimate Credit Handbook

This is a must read that will empower readers to reevaluate their spending habits and become focused on securing their financial future. --Books2Mention Magazine

From the Publisher

As heard on Heaven 1580AM - 2006 Stellar Award Winner, WLKF 1430AM - Home of Rush Limbaugh and Sean Hannity

According to the Fair Isaac Corporation (FICO) approximately 30 million Americans are in debt and receive bad credit ratings every year. In 2005, 2 million Americans filed for personal bankruptcies. Change your life and get out of debt today.

Harrine was over $19,000 in debt and was able to get out of debt while earning $21,000 a year, became debt free and has been for the past ten years. You can do it too just like Harrine did.

How To Get Out of Debt: Get an "A" Credit Rating For Free gives you step by step details of how to get out of debt. The first step is to identify your spending habits. Next create your own spending plan to begin paying off your debts, establish an "A" credit rating and develop a nest egg for the future.

How To Get Out of Debt:
Get an "A" Credit Rating For Free will show you how to:
* Determine if you have bad credit
* Repair your credit* Maintain your good credit
* Deal with telemarketers and creditors
* Create your own spending plan
* Prevent identity theft

About the Author

Harrine Freeman is a credit repair expert and CEO of H.E. Freeman Enterprises, a credit repair and personal finance services company. She provides personal consultations to teach consumers how to get out of debt and learn how to manage their finances. She also provides debt management workshops for schools, churches and organizations.

Industry Reviews

How To Get Out of Debt: Get an "A" Credit Rating For Free is a fantastic guide for anyone deep in debt or facing credit problems. "If you need credit help, Harrine Freeman offers the inside scoop on the tips, tricks and techniques that really work"!
-- Lynnette Khalfani, author of the New York Times bestseller Zero Debt: The Ultimate Guide to Financial Freedom and recent Oprah Show Guest

"Like many Americans, Harrine Freeman, has been through credit difficulties. But not only has she turned her situation around, she has gone on to help others do the same with her straightforward guide to better credit, How To Get Out of Debt: Get an "A" Credit Rating For Free. Her book is here at a time when so many people need this kind of help".

--Gerri Detweiler, consumer advocate and author of The Ultimate Credit Handbook

Enjoy your reading and regards,

Eric

Monday Blues and Reality Check

Dear Readers of Get Out of Debt,

Today is Monday and I feel a little sick. I've been sneezing all day and I will be running low on tissues soon. Anyhow, here little check my credit card #1 is at $6,217.90 and my credit card #2 is at $376.94. Another slap in the face is that I have a payment due for my mortgage of $1,900. I will have to come up with a solution for this tonight. I have diverse plans to make extra money until April. I am thinking of doing income taxes reports for other people. Selling stuff on Ebay. Getting contracts through my newly founded company.

My revenues for February will be small. I will get $2900 in salary and $760 in rent. It will be another hard month but I will put my priority #1 on the mortgage and than the credit card #1.

Thank you and regards,

How to Fix Being Broke: Get out of debt, Stay out of debt and Save a lot more money

Dear Get Out of Debt Readers,

If you haven't subscribe, please do. And invite your friends.

How to Fix Being Broke: Get out of debt, Stay out of debt and Save a lot more money by Leah Childers is a great book but not very well known. The book was published in March 2008 and is worth a reading.




Product Description

This enjoyable, informative book offers practical steps to: Get out of debt, set and reach financial goals, regain control of spending and obtain financial freedom.

About the Author

Leah Childers has a unique writing style. Her "How-To" books are easy to read, informative and always offer help, hope and encouragement. She began writing plays in the 1980's. The books, like her plays, show an understanding of human nature and a warm sense of humor. Leah Childers is an entrepreneur. She is married with seven adult children and 12 grandchildren. Leah Childers is available for speaking engagements. For booking: call 310.603.0636.

Enjoy your reading and regards,

Eric

Payment Template #3

Dear Readers of Get Out of Debt,

Here is my first updated payments template. I made second first $1000.00 deposit on Monday. I have 7 deposits left. I make my deposit in person at the bank near my workplace every second Monday. I will post all the receipts to this blog and update the payment template bi-weekly.

5-JAN-2009 $1,000	19-JAN-2009 $1,000	02-FEB-2009 $1,000
16-FEB-2009 $1,000	02-MAR-2009 $1,000	16-MAR-2009 $1,000
30-MAR-2009 $1,000	06-APR-2009 $1,000	20-AVR-2009 $1,000

As my template shows, one brick of my financial wall is completed. It is a start. This is a proven system to reduce debt. I have used the same technique 10 years ago to wipe out almost $15,000 of credit card debt.

The steps are easy to follow:

1. Establish exactly how much debt there is to repay. (I used the Net worth IQ tool shown on the upper right sidebar. Free)
   
2. Budget how much you can repay back, every week, bi-weekly, or monthly.
   
3. Print yourself a little template for each debt with a date and a dollar amount in each cell (brick).
   
4. Pay the debt on the predefine date and kept your receipt for historical records.
   
5. Shade the cell (brick) of your template (wall) once you have made your payment.
   
6. Excellent! Be proud and celebrate your success.
   

If you little what you read, please subscribe to this blog and tell others.

Regards,

Eric

One more Deposit of $1000

Dear Readers of Get Out of Debt,

Yesterday, I went to the bank near my workplace and I deposited $1,000 my credit card #1.

Here is a copy of the receipt I got from the bank teller.


Tomorrow I will update my payments template 2009.

Thank you and regards,

Eric

Moving in the Right Direction

Dear Readers of Get Out of Debt,

This morning I went to the bank to pay another one thousand dollars($1000) towards my credit card #1. The actual balance should be $6,245. My credit card #2 is at $387. Tomorrow, I will post the cashier receipt that I got for this morning's deposit.

My debt is moving in the right direction and I am happy about that.

I find it motivating to keep track of the progress like this.

Thank you and regards,

Eric

---

The Total Money Makeover: A Proven Plan for Financial Fitness

Dear Get Out of Debt readers,

Please remember to subscribe to my blog and tell your friends.

The Total Money Makeover: A Proven Plan for Financial Fitness by Dave Ramsey is one of my favorite book for the person who wants to change her financial life. The first sentence of the book goes like this: ""As lost as a ball in tall weeds!" That is exactly how I felt." Reminds me of my own story. The key is to be positive and approach the problem with small steps.




Here are the reviews for the book:

From Publishers Weekly

Radio talk-show host and bestselling author Ramsey (Financial Peace) is less a financial analyst and more of a preacher, which explains both his popularity and the appeal of this book, which just might gain a wide audience. The bedrock of his system is simple: work hard, pay what you owe and stay out of debt. His main commandment is "Pay cash." He first exhorts the reader to take "baby steps," which are designed to build on each other: first, save $1,000 as an emergency fund; then, pay off all debts from smallest to largest; save a larger three-to-six-month emergency fund; finally, start to save for college and pay off your home mortgage. Ramsey understands the difficulty in putting these steps into action, and therefore packs his book with personal testimonials from everyday people who have used his system and have become debt free, with obvious struggles. The key is what Ramsey calls "Gazelle intensity," which is to live a financial life the way a gazelle saves itself from an attacking cheetah-"outmaneuver the enemy and run for your life." While Ramsey provides some helpful charts and graphs so readers can keep track of their efforts to follow his steps, the strength of this book is that it is a straightforward motivational tool. He provides the brutally direct truth about the hard work it takes to become free of debt, and his directness is a great part of the book's charm.Copyright 2003 Reed Business Information, Inc.

From Booklist

"Winning at money is 80 percent behavior and 20 percent head knowledge." So states Ramsey, author and radio show host, offering a comprehensive plan to get out of debt and achieve financial fitness. Our current financial position represents the sum total of the decisions we've made to this point, he tells us, and we must take personal responsibility for our financial problems. His seven-step plan includes paying off all debts except the home mortgage at an accelerated speed, creating a financial safety net that covers three to six months' expenses, investing 15 percent of income in a retirement fund, and saving for children's college expenses. He effectively shows how regular people can rid themselves of debt and grow their wealth using current income. While many of Ramsey's concepts are not new, his simple approach and client testimonials will resonate with a broad range of library patrons. This is important information in a society buried in debt, with unprecedented numbers of people facing bankruptcy.

Enjoy your reading and regards,

Eric

Saturday Night Fever

Dear Readers of Get Out of Debt,

Tonight I have rediscovered that I can be very happy staying home on a Saturday Night. For the past 10 years, every Saturday night I would go out with my friends to eat and drink. Now, with my new challenge of paying off all my debts and having a very low discretionary budget, I have decided to play board games with my wife and have a nice dinner. I would say that my entire weekend will cost me $20. In 2008, every hour outside of my home on the weekend would cost $20 per hour. Dinner for 2 with wine in a good restaurant can get to $100 easily. A night out to the movies $30. A taxi ride back to our house, $20.

Tonight, my wife and I have played Monopoly. We had a nice steak dinner. And we are on our laptops writing emails to our friends. In a few minutes, we should be heading for bed. I am sure that peace of mind will fill our dreams.

Thank you for reading and regards,

Eric

Dear Readers of Get Out of Debt,

Today, I have finally done my homework. I have called my credit card issuer for my credit card #1. My current balance stands at $7217.90. The intend of my call was to get a reduction of my interest rate. Here is how the call went:

Hi Mr. X,

Q: Do your bank offers a reduced interest rate option on my card?

A: Not really for this card, but we can offer a special card with reduced interest of 11.90%.

Q: Can you transfer my full balance?

A: Yes, we can transfer the balance and we can get provide that new card for an annual fee of 20$. Your present card cost 120$ in annual fees and 19.90% in interest rate.

Q: How soon can I get the new card?

A: We can mail you the card and you will get it in two weeks. The balance transfer can be done right away.

I jumped on the occasion. The card is in the mail and I will save a lot in interest rate.

Thank you and regards,

Eric

---

Should i borrow for my retirement?

Dear readers of get out of debt,

Today i am wondering if i should borrow 8500 dollars to put towards
my RRSP(401k). The interest would be 5.20%. I could get an immediate
tax savings of around 15%. That is more debt but i call this good debt.

If you are reading this please tell me what you think.

Thank you,

Sent from my iPod

How to Get Out of Debt, Stay Out of Debt and Live Prosperously*: *(Based on the Proven Principles and Techniques of Debtors Anonymous)

How to Get Out of Debt, Stay Out of Debt and Live Prosperously*: *(Based on the Proven Principles and Techniques of Debtors Anonymous)by Jerold Mundis is great book on debt control.




Editorial Reviews

Amazon.com Review

Millions of consumers have become trapped in a spiral of debt, but there is hope. If you wants to free yourself from the shackles of debt, this book is for you--it can help you "get out of debt, stay out of debt, and live prosperously." Jerrold Mundis writes in a friendly, engaging style, urging readers to stop the cycle of spending. Mundis knows what he's talking about--he, too, was once thousands of dollars in debt and didn't know where to turn. Anecdotes from Debtors Anonymous folks, plus multiple examples from the writer's own life and ledgers, make How to Get Out of Debt an encouraging read, not a condescending one. Once you start your program, you may want to periodically reread some chapters for inspiration--and fun. --This text refers to the Mass Market Paperback edition.

From Library Journal

Mundis flies a countercultural flag: debt is "wholly unnecessary," and "bankruptcy is not an option." He offers a brief discussion of formal debt-handling methods and several very practical money management techniques from his own hard-won experience. Solutions depend entirely on the use of personal resources, and many Mundis remedies would be hard to apply outside of single-person, middle-class households. Despite its narrow focus, the book's thorough coverage of the Debtors Anonymous approach makes it a useful addition to large personal finance collections. Justine Roberts, Univ. of California at San Francisco Lib.Copyright 1988 Reed Business Information, Inc. --This text refers to an out of print or unavailable edition of this title.

Personal Views

This book is a classic and if you read the customer reviews on Amazon you will read that the book changed lives. The first edition was more than 10 years ago and there is a track record of successful stories that results from it. Enjoy reading this book!

Regards,

Eric

Motivation and Innovation

Dear Readers of Get Out of Debt,

By the the end of April 2009, I will be out of credit card debt. I have started to create my wish list of stuff, I would like to buy over the next summer. But this year the innovation will be that I won't buy it and leave it on a credit card and pay it slowly. I will actually save the amount of the purchase before hand.

Here is my wish list:

- Caribbean vacation
- Gas stove
- Laundry room renovation
- Bathroom renovation

This list motivates me to succeed in my debt reduction journey.

Please subscribe to my blog using the RSS subscription button.

Thank you and regards,

Reduce all Personal Expenses

Dear Readers of Get Out of Debt,

If you want to get out of debt as soon as possible, a good idea would be to reduce your expenses as much as possible. Today, I have looked at my budget and there are a few departments that I can cut and save money. Living in North America, one of my biggest living expense is energy. During winter time, I usualy heat my home a bit too much. I have decided to wear a sweater in my house and decrease my energy consumption by a few degrees. I think I will save between 20 to 40$ on energy costs. I have also decided to shelf my cellular phone for a few months. I mean that I will use my cell phone at a strict minimum therefore saving 40$ a month. Another department where I can save a lot of money is eating out. I have decided to bring my lunch at work and save at least 25$ per week. Finally, I've decided to stop going out and drinking. As you probably know, a night out can get costly very quickly. Cinema for 2 for 25$, dinner for 2 for 75$, few drinks for 40$ = a great night out for 140$. So, for a few months I will be watching TV at home.

There is probably a lot more places where you could save money. (car, housing, luxury expenses, vacations, etc.)

Thank you and regards,

Eric

Extra Income to Accelerate Debt Elimination

Dear Readers of Get Out of Debt,

As you probably read in the past few posts I have taken serious steps to get out of my credit cards' debt ASAP. Today I have read some nice blog entries on the Get Rich Slowly blog(getrichslowly.org/blog). The author tell of his steps toward debt reduction most of which I am already doing. There is one extra step that he mentioned that I did not do yet. That is selling all my extra unwanted stuff on Ebay or craiglist. Over the weekend I will sell my extra unnecessary goods.

You can check the live auctions here:

http://myworld.ebay.com/dirix_marketing

The extra money that I get from those auctions will jump charge my income and help me repay my debts faster.

Thank you and regards,

Eric

Payments template Update #1 for 2009

Dear Readers of Get Out of Debt,

Here is my first updated payments template. I made my first $1000.00 deposit on Monday. I have 8 deposits left. I make my deposit in person at the bank near my workplace every second Monday. I will post all the receipts to this blog and update the payment template bi-weekly.

5-JAN-2009 $1,000	19-JAN-2009 $1,000	02-FEB-2009 $1,000
16-FEB-2009 $1,000	02-MAR-2009 $1,000	16-MAR-2009 $1,000
30-MAR-2009 $1,000	06-APR-2009 $1,000	20-AVR-2009 $1,000

As my template shows, one brick of my financial wall is completed. It is a start. This is a proven system to reduce debt. I have used the same technique 10 years ago to wipe out almost $15,000 of credit card debt.

The steps are easy to follow:

1. Establish exactly how much debt there is to repay. (I used the Net worth IQ tool shown on the upper right sidebar. Free)
   
2. Budget how much you can repay back, every week, bi-weekly, or monthly.
   
3. Print yourself a little template for each debt with a date and a dollar amount in each cell (brick).
   
4. Pay the debt on the predefine date and kept your receipt for historical records.
   
5. Shade the cell (brick) of your template (wall) once you have made your payment.
   
6. Excellent! Be proud and celebrate your success.
   

If you little what you read, please subscribe to this blog and tell others.

Regards,

Eric

First Payment of Many

Dear Readers of Get Out of Debt,

Here is a copy of my first $1000 payment toward credit card #1. I had to wait in line for 30 minutes and gave my money cash to a bank teller. By doing so, the money is wired instantly to the credit card account and I got this nice receipt for my collection.

Tomorrow, I should an update of my updated Payment Template for 2009.

Things are moving in the good direction and it is surely encouraging.

I was so busy at work today that I did not take the time to call my credit card company to lower my interest rate like I was supposed to. It was a bad move on my part and I will call today. I guess nobody is perfect.

Until tomorrow, have a great day and regards,

Eric

Back to work and Blog Rules

Dear Readers of Get out of Debt,

This morning, I am going back to work. I will be very busy at at my 9 to 5 job this week, but I will not deceive my readers and I will post at least once daily.

Here are a few rules of my blog:

1- The blog, Get Out of Debt, is a testimony of scientifric's struggle to get out of debt and is there to motivate readers to do the same thing in 2009.

2- Get Out of Debt is updated at least once daily.

3- Get Out of Debt is interesting and his content is highly focused on debt elimination.

4- Get Out of Debt and his author, scientifric, are welcoming comments and testimonies of readers. All posts can be commented and you can reach the author directly at scientifric@gmail.com

Thank you and regards,

Eric

Debt Cures by Kevin Trudeau

Dear Readers of Get out of Debt,

Here is one of my favorite books on getting rid of bad debt. It is one of the biggest bestseller in the United States. Kevin writes about proven principles to solve debt problems quickly.

Here is the product detail from Amazon.com:

Product Description

Are you getting deeper and deeper into debt while they make bigger and bigger profits? Not after you read...Debt Cure$ "They" Don't Want You To Know About!
In this new book, Kevin Trudeau blows the lid off the banking and credit card industries, exposing the greatest rip off of our citizens in this nation's history. The credit card industry is one of the most profitable industries in this country, but they don't want you to know it. You can fight back! You can apply Kevin's solutions to your debt problems, and keep more money in your pocket today. You can learn how to use credit to build wealth! Read Debt Cure$ and cure your debt forever.

You will learn:
- How the credit lending business is rigged against you!
- How the financial industry wants to keep you in debt!
- How the banks and credit card companies are making obscene profits off of you and how you can change that!
- How to reduce or possible totally eliminate your debt!
- How you could cut your payments in half!
- How to correct your credit with two magic words!
- How to improve your credit virtually overnight!
- How to get free money that you never have to pay back!
- Find out why the financial industry wants to keep you in debt.
- Turn bad debt into good credit.
- Create wealth through financial health.

About the Author

Kevin Trudeau is one of the leading consumer advocates in this country. His mission is to expose the greed that has taken over corporate America, and to inform the hard working citizens of this nation what goes on behind closed doors. Kevin's prior books (including Natural Cures "They" Don't Want You to Know About, More Natural Cures Revealed and The Weight Loss Cure "They" Don't Want You to Know About) sold millions of copies, and every day he hears from readers who have been helped by his words. It is his wish that Debt Cure$ "They" Don't Want You to Know About will help you.

Personal review:

I think this book is a 5 stars and that it should be read as a motivator to get started on your debt reduction endeavour today.

Regards,

Eric

Reduce Interest Rate on Credit Card

Dear Get Out of Debt's Readers,

I have read at multiple locations on the Internet that you can lower your interest rate only by asking the credit issuer. Monday morning, I will call my bank and ask for a lower rate.

Wish me luck and don't forget to subscribe to my blog,

Eric

Here is an article to give steps to reduce credit cards interest rate:

How to Reduce Credit Card Interest Rate After Universal Review

from wikiHow - The How to Manual That You Can Edit

The interest rate on your credit card can jumping from 5% to 29% even if you've never made a late payment. The credit card company can review the use some of your other credit accounts, and if they're highly utilized you rate can go up.
Here's what to do if your credit card lender conducts a universal review on you and you're negatively affected by their decision:

Steps

1. Contact your lender immediately and determine why the lender feels you're a greater credit risk...and then fix it, if it's fixable. It could be as simple as giving them updated income information.
   
2. If the lender's answers don't sit well with you, begin interviewing new lenders. Call and request credit card applications.
   
3. After you have compiled your list and found a lender that will give you acceptable terms and rates, contact your original lender and tell them you are considering closing the account
   

Tips

• Lenders have lowered the bar on their ethics. It's up to us to read the fine print and play their game.
  

Warnings

• Before you begin this cat & mouse game, have a "Plan B" in place. Just make sure "Plan B" doesn't use the same or worse practices as your original lender.
  

Related wikiHows

• How to Choose a Debt Management Program
  
• How to Avoid Property Repossession
  
• How to Deal With Collection Agencies
  

Sources and Citations

• LifeAfterBankruptcy.com
  

Article provided by wikiHow, a wiki how-to manual. Please edit this article and find author credits at the original wikiHow article on How to Reduce Credit Card Interest Rate After Universal Review. All content on wikiHow can be shared under a Creative Commons license.

Payments Template for 2009

5-JAN-2009 $1,000	19-JAN-2009 $1,000	02-FEB-2009 $1,000
16-FEB-2009 $1,000	02-MAR-2009 $1,000	16-MAR-2009 $1,000
30-MAR-2009 $1,000	06-APR-2009 $1,000	20-AVR-2009 $1,000

As discussed in my previous post here is my payment chart for the beginning of 2009. This will enable me to get out of debt on my credit card #1. As of today, I owe $8028.50 on that credit card. I have allowed $9000 to be repaid in nine consecutive payments. Once I make the payments, I will update the blog with the bank stubs.

Regards,

Eric

It's a new year, get out of debt!

Please follow me in this new year of debt elimination. I have taken steps to get out of debt this year. In the next few weeks I will get rid of credits cards. Those credit cards come with interest rates of almost 20% and very expensive. I should be making a payment of $1000 toward my credit card #2 that has a cumulative debt of $8028.50.

I am so happy that 2008 is over and that 2009 will be a good year for me financially.

N.B.: I have added a small widget that calculates my financial net worth. I encourage all my readers to do the same. The service is free and shows your progress graphically.

Regards,