Sunday, September 25, 2022

YOUTUBE-Additional Ways To Get Out Of Debt


Additional Ways To Get Out Of Debt


One strategy for reducing charge card debt suggested by financial planners is to freeze your cards in blocks of ice, helping you avoid the enticement of inessential purchases.

Find a way to bring in some extra money.

In the domain of personal finance, the “big red button”, the atomic option, is taking bankruptcy.

Dig Out

A long time ago, a financial planner told customers to freeze their charge cards in blocks of ice. When they were enticed to spend, they would be forced to dissolve the ice, giving them time to take a second thought about an impulse purchase.

An even more beneficial answer is to cut up your cards totally so that you can not charge anything else to them. What good does it do to stop up holes in your boat in you are perpetually drilling fresh ones in the side?

- 57 -

Some people may be thinking...But I can not pay my bills without a charge card! That means that I do not get to eat.

This might sound cruel, but I have news for you: you are not paying your bills really. The charge card is simply allowing you to put off the crack of doom and helps to guarantee that when it does come, it will be much worse than you ever thought.

If you are correct, you will almost sure as shooting qualify for free food assistance in your state (if you do not, move to a state where you do – I'm being serious). In a few states, you are able to get up to three hundred or four hundred dollars per month in tax-exempt food money on a debit card. If you do not qualify, then you have a spending issue and you are still making justifications (go back to chapter 1).

If you still state you can not make due, you are full of it. Once again, my apologies, but it’s straight up.

When I was in my younger years, I moved to another state so I could pay one hundred eighty dollars for half of the monthly rent for an apartment I split with my best friend. At the time, I was bringing in a six-figure investment portfolio income and nearly no debt. My goal was to build up my wealth at that point in my life. Was it pleasurable? Not totally. However, I wanted something very few individuals to accomplish – complete and total financial independence.

I had a family member who slept on an air mattress for a year and a half so that he could save more than $40,000 by the time he left the Marine Corps at 25 years old. If I can do it, and he can do it, then there is utterly no reason

- 58 -

you should not be able to do it. Get determined and reach for what you want and keep the credit cards out of reach.

I knew someone else who decided she would like to get herself out of debt. She decided that in one year, she was going to have paid back totally everything in her life, down to the spick-and-span new car she had bought recently.

She went and got a job as a bartender on top of her day job, pitting away every cent after taxes and utilizing it to pay down the outstanding balances on her accounts. She temporarily put all investments on hold, including retirement shares, to accomplish the goal she had determined she would accomplish.

What she has accomplished in short order has been absolutely astonishing. With six months to go, it appears that she is going to easily get to her goal. By bringing more money into the equation, she was able to blend cost savings from her regular job (she as well did away with her cellular phone, cable, and a lot of other unneeded items) to have double the effect.

Once this self-imposed financial diet is all over, her monthly revenue will go up by as much as several thousand dollars without a single supplementary hour of work. In effect, she gave herself a pay raise. In spite of raising her youngsters and working two jobs, she likewise recently enrolled in college to go back and acquire her degree.

The point of this story is a mighty one. There is absolutely nothing you cannot achieve if you center yourself and are willing to take on the sacrifice necessary to accomplish it. In her case, that’s going to mean a year of around-the-clock work to give herself a fresh balance sheet and more

- 59 -

beneficial job opportunities. A long time from now, I am willing to bet that she will look back and recognize that this twelve-month period was what allowed her to go after her bigger goals and dreams, which include establishing her very own business.

As the old saying goes, till the pain of staying the same surpasses the pain of change, you’re unlikely to move. I hope it doesn’t take that for you to get empowered and free yourself from financial slavery.

Charge card companies, many of which are possessed by banks, have a lot of priorities. The first, naturally, is to yield profit for the parent company and its shareowners (you might actually be a shareholder through the mutual funds you hold in a 401(k) account without even recognizing it).

When it becomes evident that somebody might be unable to pay his or her balance, there's a priority shift that happens that may work to your advantage. The bank or charge card company becomes concerned with one matter and one matter only: Getting as much of the balance back from you as conceivable and closing or restricting your account. How come? This lets them avoid charging off the amount on their earnings report, which would cause their stock to fall, management to get lower bonuses, and maybe even dividend payments to stockholders to be reduced.

If you declare bankruptcy, it's possible that the entire credit balance will be annihilated because charge card debt is called unsecured in most all cases. That means that it isn’t backed up by any specific collateral, just your promise to repay. This would be the worst-case scenario for the charge card company.

- 60 -

If you've missed a lot of payments already and your credit score has been hit, all it takes is a series of calls to the company explaining that you are earnestly considering bankruptcy but you want to avoid that. You would like to make good on as much debt as you are able to but, frankly, you don’t know if it’s conceivable. Then, offer to pay off 25% of your charge card debt balance over the next few months in exchange for the company freezing interest costs and closing the account.

You might have to spend several hours, or even days, on the phone working your way up the system. The point is, you need to drive home one concept: you're on the brink of declaring bankruptcy but you prefer to avoid it at all costs. Tell them you're taking a loan from your in-laws, or cashing in your 401(k), or whatever other tale you need to think up to get them to believe that you're coming up with everything you potentially can and this is the best they can hope for as the alternative is likely nothing following a discharge of the debt in bankruptcy court. If you are able to convince them of that, you have a very good chance of reaching a charge card debt settlement agreement.

There are hearty costs to a charge card debt settlement agreement and it comes in the form of exceedingly bad marks on your credit score. If you're already missing payments, however, this is unlikely to do any extra damage in a practical sense as you aren’t going to find individuals that are willing to loan you money with past due accounts – at least not at a fair interest rate, anyhow.

The bottom line is that a charge card debt settlement agreement may be an effective way for you to avoid bankruptcy court, for the charge card company to regain some of their money, and for both parties to start rebuilding the damage done to their balance sheet and earnings report from the fiasco. Likely, the

- 61 -

biggest thing stopping you from considering it, if you're truly desperate to get in control of your finances, is pride. It’s not worth it. Suck it up, take the temporary pain, and start getting your fiscal life back on track. There's a large minority of Americans that live free from charge card debt – there's no reason you can’t be among them.

As a last resort… there is bankruptcy:

In a lot of cases, it is possible to totally blot out charge card debt with a bankruptcy filing, or at the very least have a court-ordered restructuring of debt that gives you breathing space to repay your balances and get your life back in order. The opportunity price of such a move is that your credit will be totally destroyed for up to 10 years with most of the legal injury taken away after 7 years.

For a few, bankruptcy truly is the best and most efficient alternative for getting rid of charge card debt. It allows you to begin over, almost like hitting “reset” on a computer game. One of the drawbacks to think about is that the bankruptcy rules that were put in place by the charge card lobby during the Bush administration may force a lot of middle or working-class workers to file Chapter 13 (reorganization where you pay off the debt from future net income) rather than Chapter 7 (liquidation where the debts are wiped out totally). United States Congress is currently working on laws to alter this and there have been some changes already.

Intelligent charge card companies understand this. That’s why it is sometimes possible to get them to drastically lower your rate of interest merely by explaining to them that you would like to repay your debt but unless the current terms are altered, you see no choice but to declare

- 62 -

bankruptcy. You might have to stay on the telephone for 3 or 4 hours and keep escalating from supervisor to supervisor, but at the close of the day, you have a really, very good chance of breaking down from thirty percent interest to thirteen percent interest.

If you are emotionally depleted, want to begin over, and are willing to go through the process of bankruptcy, look for a highly regarded, specified bankruptcy attorney in your area. They are able to explain all the drawbacks, expenditures, advantages, and procedures to you. In a lot of cases, it’s better to just begin over and start reconstructing your life.

- 63 -

Chapter 10:

Real Estate


Making money in real estate is forever a topic for those who would like to invest. This includes many of the different types of real estate investments. Land, apartment buildings, houses, and commercial buildings are all part of a real estate investment.

Real Property

Assignment of contract: Assignment of contract is more generally called “wholesaling” in realty circles. Consider how other huge companies wholesale products to bring in earnings. For example, Walmart wholesales products by buying them in big amounts. They're able to buy products well beneath current market value due to their over-the-top purchasing influence. Walmart then swings around and sells those products to their end purchaser at retail prices. Walmart is capable of generating a net profit by collecting on the difference between what the merchandise sells for and what they buy it for.

There are actually only three chief steps in this procedure.

1. Talk terms for a discount on the product.

2. Sell that product for retail costs.

3. Accomplish this in an effective time frame to minimize stock.

- 64 -

Wholesaling real property has a few laws of similarity and a few differences. In wholesaling real property, you're likewise negotiating a price reduction on the product and you're also selling that product (the property) for retail costs. The chief deviations are that you're not carrying any stock and you're not negotiating your price reduction by buying big amounts.

Equity: You might or might not already be acquainted with the term. Equity is the deviation in the value of a property less than what is owed on the property. A seller owes seventy-five thousand on a first mortgage and twenty-five thousand on a second mortgage for a home that's appraised at about one hundred thirty thousand. How much equity is in the house? Equity = Value - owing Debts = $130,000 - $75,000 - $25,000 = Example$30,000 of equity in the house.

How is equity amassed? For anybody who owns a house, they might commonly amass equity in any of the accompanying ways.

1) Down payment.

2) Paying down their mortgage over time.

3) Property value goes up.

4) Home betterments or repairs.

Why Does Equity count? It's exceedingly uncommon for a property to sell for significantly more than the market price. Real property has a largely standardized worth within its local market anyplace around the world. If the house next door to you sells for $100,000 it's exceedingly improbable for that house to sell for $200,000 without any alterations in the market or the property itself. There is a measure of originative ways to get paid big amounts of money in real property. All the same, they all center on this easy

- 65 -

and most importantly fundamental precept. You negotiate for equity and then you sell your equity.

Alternately, in some other originative investment strategies, you negotiate a low monthly payment and then sell your monthly payment for market price.

So what precisely is wholesaling a real property? Wholesaling real property is talking terms about a discount on a piece of property with an escapable contract and then at the same time selling that piece of property for closer to the market price to another investor. As you're at the same time selling the property, it's ultimately the end purchaser who will furnish the needed capital and credit required to close the deal. Moreover, as the contract is escapable, you are able to withdraw from your purchase contract if you can't locate a qualified end purchaser who will buy your equity. You'll only be buying a property that you've already sold for a net profit.

It shouldn't surprise you that real property has produced more millionaires than any other type of business. There are dozens of infomercials that teach about “no money down” real property investing. Is there truly such a thing as “no money down” real property investing? Can individuals truly make a fortune without any skill or experience in real estate?

In brief, yes but it counts a lot on you. I mean, how may I really frankly make a promise about you without knowing your skill set, drive, and aspiration? What I'll show you are the strategies shown to work to produce a high-income   living. What you do with those strategies is your option.

Believe it or not, this material is what most individuals learn in other guru's $5000 beginner’s real property investing seminars.

- 66 -

So can a bucket-load of money be made in real property? The fact is if you're willing to work it then yeah it may be done. Where the haywire thinking comes in is when individuals think it’s a “get rich quick” strategy. Truly, a lot of revenue can be made fast but it takes intelligently directed moves utilizing tested strategies. I'd be lying if I stated it didn't take work. No money down real property investing is more of a “get rich [fairly] slowly” type of theme. It may work fast if you apply the correct strategies and techniques. You’re likewise going to need to maximize your efficiency to accomplish it in a short time period but it isn’t inconceivable. If you believe you’re going to do very little and make a fortune with no work, this isn’t for you. I just don’t prefer to leave you with hollow expectations of what may actually be done in real life. If your project is to do nothing to get loaded, I’d advocate the lottery. Otherwise, acquire repeatable systems that may be automated over time to yield consistent earnings that make you a good living.

All the same, having said all that, there’s a way it may be done and the great news is that I’m going to show you how. After all, it is no chance event that studies repeatedly resolve that over 9 in 10 millionaires may directly attribute their riches to real property.

Assignment of contract is the most uncomplicated way for a newbie to get moving in investing. Because it doesn’t take any capital to invest, even crafty real property vets often still utilize this technique. I know a couple of vet investors who are doing all right for themselves and they entirely utilize this strategy to yield their wealth. If you are able to purchase without cash, hey why would you quit right?

- 67 -

How come everybody doesn’t do this? Because so many gurus have allowed false promises and testimonials.

You need realistic expectations of what is called for on your part in the real world. The strategies truly work if you're diligent in your efforts. Let’s consider question number 1 that I always hear. After individuals see the logic behind the strategies they inescapably enquire “why doesn’t everybody do this then?” If you’re like most individuals you’re going to believe the same thing at some point if you haven't already. Most individuals doubt themselves and are too afraid to try. They’ll even tell you that it won’t work for you. Many individuals even mentally block themselves from bringing in big amounts of money as they see themselves as poor in their minds and consequently they have a hard time acting out actions that lead to big sums of wealth. They may even psych themselves out to the point where they're totally fearful of acting. If that’s not the case, they anticipate it to be truly simple just because they know a couple of strategies.

Frequently, they don’t have any clear goals or direction from the strategies to guarantee they’ll be a winner. But the greatest reason though is forever and has always been the concern of rejection. They can't shake the thought that the other individual may say no so they'll carry on to lead a life based on what other people tell them to do.

The fact is that if you thought of it, you already recognized that. It’s a pitiful truth that most individuals spend more time planning their holiday than they spend working at taking charge of their own financial position. There's no rejection in real property. In real estate, you'll forever be contacting individuals who have a prior interest in selling their house to you so are never "turned away" like that. "Rejection" in reality sounds something like,

- 68 -

"Oh well, we're not looking to do anything like that now" from the seller. You'd respond something like, “alright thanks, and good luck, and feel free to call me should your conditions change.” Still, though, Knowing the fear of rejection will still command many individuals.

This is among the most crucial life lessons I may give you. Acquiring sound investment advice is to always be heedful of who you take advice from. The individuals in the past who have talked you out of great ideas most often are the ones who recognized the least about them. It’s regrettable because they're frequently your friends or parents. They've great advice on many matters but not always on thoughts that pertain to yielding wealth. If you need investment advice, discover a good investor. Investment advice should only come from a successful investor. If a successful investor tells you not to do something then you ought to listen. Otherwise, learn to tune out the batches who understand nothing about what you do. In brief, never take advice on something complicated from somebody who isn’t knowledgeable in that arena.

The simple nature of doing something different will make you not understood by most individuals, even several whom you deeply care about. As long as you're "different" or at any rate doing something different, humans will have to ridicule you. It's easier for them to draw you down to being "normal" than accepting to themselves why they've never gone for what they truly desired and more significantly, why they themselves have never done anything to be affluent. Don’t fret though, if that's been your mindset to this point in your life, remember that you're always free to change it and pick a fresh path.

- 69 -

While you probably don’t see how this all goes together just yet, in order to allow a contract, you'll require an investor already queued up. Stay with this and you’ll discover how it all pieces together just fine. Bearing investors at your fingertips means some upfront work is called for. If you get the deal first and then seek the investor later, the risks are that it will be too late. Begin looking at once. Pick your own brain to discover what else you are able to come up with. There’s always more means than just what’s shown here. If you muster up your own originative way before anybody else does then you’ll have no rivalry and get a huge leg up on everybody else so don’t block off your brain just yet.

There’s always a good deal out there so it’s crucial to keep looking. If less than 1% of properties will meet our standards (again the current economy will be much better for you), be fixed to handle a lot of reversals. It’s just part of the game. You’ll be grateful it's this tough or everybody would do it. If it were just that simple, you’d have too much rivalry to even get involved with it. Discovering a motivated seller is a lot like discovering a cash buyer. You do things to draw them with strong marketing precepts. You don’t expend hours chasing your tail going after them. I’ll say it again, these are only some of the ideas we use to discover sellers. Pick your own brain to discover some fresh ways and you’ll tap into a promotion stream that no one else is utilizing.

You're only going thru with your dealer if the investor goes through with theirs. At this point, you may realize that any and all risks perceived in this type of real property are imagined. You're only buying something that's already sold to someone else. The only thing you are able to lose is any money you’ve put into advertising and if you used free classified sites, you didn’t even lose that.

- 70 -

You can’t possibly get stuck with the full purchase price of a home you can’t afford because you’re going to void your contract before that happens.

You're creating a win-win. Your seller will profit by not having their credit ruined. Your investor will profit by generating a profit. They will benefit by in most cases, avoiding foreclosure. And you? Well, you’ll get paid also.

- 71 -

Wrapping Up

Success falls short when there are no good habits formed. Affirmation helps the individual support himself towards achieving the goal because of the good habits it promotes along the way to keep the goal “alive”. Creating and keeping good habits through daily affirmation empowers the individual's success and goal.

Falling short several times is not unusual when pursuing a goal. However,   without proper positive affirmation, it is unlikely the individual would be able to rise to the occasion by tapping into the unknown reserve powers every individual has.

YOUTUBE Charge Cards and Borrowing

 Chapter 7:

Charge Cards and Borrowing


One of the biggest challenges for people to overcome when they first determine to start building wealth and putting income away for their future is a hulking mountain of charge card debt developed over several years. The debt has to be first.

As well, a lot of financial planners will tell you to use a HELOC, or home equity line of credit, to pay down high interest charge card debt. Don't do it.

See The Debt

Do you prefer to know the fastest way that somebody still isn’t ready to accept responsibility for their own financial life and take charge over their charge card debt? It’s that they still blame other people, the economy, the economic system, form of government, their boss, or anybody or anything other than themselves.

The only justifiable and logical excuse is those unfortunate persons who find themselves in the middle of a horrifying health scare and rack up

- 45 -

monumental debts to make it. Unless that’s you, there is something you need to find out: Cut It Out.

You're not a foul person. You are not a stupid individual. You just made a few dopey choices. It had nothing to do with your revenue. It had nothing to do with your loved ones. Every time you used your charge card, you made a conscious decision to borrow what you did not have. The very beginning month the statement showed up and you could not pay off the total balance in full, you had surpassed your resources. That’s the minute you got in trouble.

This subject matter should not be discouraging! Rather, it should empower you. If you got yourself into immense charge card debt then you have the might to get yourself out of it. It’s that easy. The moment you are able to look into the mirror and state, "it's my fault" and sincerely own the situation, you are able to start to turn it around just like 1000000s of individuals before you have done.

Take back your power. Discover a symbol of what you feel on the inside or the self-confidence that you want to show to other people on the outside. Having a symbol of what you're thinking or striving for is key to gain assurance. To get to the finish line or get any goal, you need to know where you're going. Your symbol may be anything from a color that makes you feel mighty or an event in your life that really made you feel powerful.

Make a treaty with yourself to always put yourself first. The fight to gain self-assurance is often derailed because individuals tend to put the needs of others before their own. You need to put yourself first in your life if you really want to gain any ground in your life.

- 46 -

Place your best foot forward day-after-day if you want to know the true secret of how to gain authority. It's a shown fact that individuals who put out what they believe to be their best outfits and do their hair and makeup in a way like they were going out on a special night on the town, feel more potent in themselves. Bet you didn't know that the easy task of putting on a shirt that you save for "special occasions" on a regular day will help you to gain assurance more then any self help guru could ever.

Take back your self power and take responsibility.

Several individuals that I know are in significant charge card debt and sometimes ask my thoughts on how to get out of the state of affairs. While I’m happy to spend time assisting them, it almost always turns out to be a senseless exercise as in 90% of the cases, the individual isn’t truly serious about getting out of charge card debt. Sure, they're miserable about the payments and the thing they wish for more than anything else is that their charge card statements showed a $0 balance. Wishing for something and doing something to proactively have it are two totally different matters.

Someone I know (I’ll call Tom) makes approximately $85,000 annually and has $20,000 in charge card debt. This debt is sweeping over like the plague and he spends at any rate a couple of hours daily nervous over the $500+ per month in interest payments it takes just to sustain his current balance. Yet, at any rate once a month, he discovers $100 to go on a weekend trip. When I ask him about it, he states that there are particular things that he won’t abandon regardless how bad the debt is.

- 47 -

Tom may never get out of charge card debt with a mental attitude like that. The extra $1,200 annually that he’s spending on the weekend getaways would pay down $6,000 of principal over 5 years, or nearly 40% of the balance. If he could make an extra $50 per week either by working a lot of hours or cutting costs (yes, this virtually means you get on a bicycle rather than driving), he may pay off an extra $11,000 in principal over those same 5 years. That’s all it would take to wipe out the balance.

Rather, he thinks in terms of “my vacation money” or “my food market money”. No, you have one, jumbo pile of money that's available to you. If you're in charge card debt, paying monumental interest on your balances, take every extra penny you are able to and pay down the debt.

Set a sum monthly for food, water and shelter as these are your primary needs. You need to think about buying assorted healthy foods and attempt to avoid unnecessary snacks. You likewise need to do your best at work as it's your source of income to pay for your bills. This is where you start setting your priorities true and right.

Some individuals have their priorities so messed up they even ignore their health just to buy expensive gadgets or travel. Observe that taking care of your own every day needs is your responsibility and priority so avert putting off the important things particularly if you have a family.

Pay your charge card debt. Paying-off the charge card with the highest rate of interest then followed by the ones with lower rates of interest is the most beneficial thing that you can do in order to wipe out your entire charge card debt. Buy things with cash as much as conceivable and control your spending.

- 48 -

Center on saving enough cash for your emergency fund too. This is really significant in case of a job loss or other major unforeseen matters that might happen to you. Ward off the enticement of purchasing things that you are able to just live without and center on building your emergency savings.

Adjusting your financial priorities should be your chief concern. Have a clear list of the crucial things that will cover your monthly disbursements and finances and number each item from the highest to the lowest with relation to their importance and need.

I’m not a huge fan of home equity lines for one easy reason – if you do decide to utilize the nuclear option and declare bankruptcy, your charge card balances are un-guaranteed, while a home equity line of credit is guaranteed by your house.

Practically, this means that you’ve taken a debt supported only by your credit, where the worst a charge card company can do is go to court and get a judgment against you, into a debt supported by your house, where the worst is far more awful – the bank may foreclose on your house and kick you out.

No matter, this is entirely your call as it’s going to come down to what will let you rest at night. If your charge card debt is manageable, and you just prefer to save a couple of thousand dollars in interest expense, a home equity line of credit may add up. If you think there’s even the remote possibility that you might be forced to declare bankruptcy, it may be a tragic mistake that costs you your home.

- 49 -

There are a lot of credit lenders out there today wanting you to put up the equity in your home to get their money for almost any reason you might determine. Among the ways you are able to claim the equity in your house from lenders are by refinancing, securing a second mortgage, a home equity loan, and a home equity line of credit. Are utilizing these ways to borrow money to ease debt a good idea? Here are some good reasons why you shouldn't use equity in your home to pay off debts:

If you get in a financial tie up, and you feel like you have to default on your new secured debts, the fresh debtors may start foreclosure proceedings to get paid as the house is a secured interest. Creditors who make un-guaranteed loans like charge cards can't foreclose on your home as their loans are not guaranteed by home equity.

Even in a few areas of a down market, your home might be appreciating in value. That means your equity is increasing with time. When you borrow against your equity to pay for debts, you'll lose the appreciation the house has amassed if your home is foreclosed on. You will not only owe the guaranteed loan amount, but many times the sale of foreclosed property sells for cents on the dollar. Consequently, the equity you were forecasting to pay off the fresh secured loans won't be there to pay them off.

Getting into debt appears to be a symptom of a much deeper issue. Using your equity to pay off debts is no guarantee that new debts won't happen. If new debts occur and you've liquidated the only asset you have to the point it already belongs to somebody else, you've increased your debt load to the place you might not be able to afford.

- 50 -

So, what should you do to avoid the temptation of borrowing against the equity in your house? You are able to learn to live within your means, stay out of debt as much as conceivable, pay as you go, look for employment that's resistant to economic shifts, stand back from high interest loans like charge cards if you have to borrow money, and ultimately, keep yourself educated as to the legalities and financial responsibilities that go along with home ownership.

- 51 -

Chapter 8:

Techniques To get Finances Under Control


You can sell assets. It's almost always a better choice to lower your debt levels if the rate of interest you're paying exceeds 10% to 12% and is not tax-deductible.

Another strategy is the snowball strategy which can help you attack your charge card debt and repay your high interest balances far faster than you could by just utilizing a random payment arrangement.

The snowflake strategy is designed to help you pay off charge card debt by sending off in so-called micro-payments. These payments may literally be a couple of dollars and, over time, add up to big balance decreases, saving you thousands in interest expense.

- 52 -

Smart Techniques

If you have any sort of investments, you might want to sell them and repay your charge card balances. You really want to be careful which ones you sell, however, as there can be some pretty awful tax consequences if you make a risky choice.

Think about a 401(k) loan to repay charge card debt:

You will be able to likewise consider a 401(k) loan as the interest you pay on it will go into your account (you are effectively paying interest to yourself). The bottom line is that you are able to avoid the income taxes and 10% early withdrawal penalization that are piled on top as long as you repay the loan inside the time frame allowed for by the Internal Revenue Service. In most cases, you would not want to merely sell 401(k) assets, cash out, and pay down your charge card debt.

You are able to withdraw Roth individual retirement account contributions:

Internal Revenue Service rules allow you to withdrawal Roth individual retirement account contributions you’ve made into your account, but not the gain brought in on the money. In other words, if you’ve deposited $20,000 into a Roth individual retirement account over the past ten years and have made $10,000 in earnings, you are able to withdrawal equal to $20,000 with no adverse tax penalties or consequences (naturally, you lose decades of developing your money outside of the reach of Uncle Sam, but that’s far better than drowning in elevated interest charge card debt).

Brokerage firm and additional investment accounts:

- 53 -

Investments you hold in regular brokerage firm accounts such as stocks and bonds will be subject to steady capital gains tax but the emotional release that will come as you observe a big chunk of your charge card debt fall off should be far more pain-free than the cut taken by the Internal Revenue Service.

The goal of taking charge of your financial life is to step-up your cash flow every month. The more excess hard cash you have, the more you have to cut debts or spend on bettering your lifestyle.

Each debt has a lower limit monthly payment. By paying off the bottom balance charge card account first, you bump off an entire fixed payment, immediately making your existing money reach further.

You then take the income you were paying on the lowest charge card debt balance and send it in to the following most modest. You duplicate this process until you are left with your single, heaviest debt.

This practice is called “snowballing” in the financial planning industry as the sum of money you send in to each payment bit by bit snowballs as each debt is cut back till you are sending in big amounts of cash to approach your biggest, and last, debt.

Somebody who had a $10,000 balance on a Bank of America charge card, a $3,000 department store charge card, and a $1,000 gas station charge card would send in all their additional money to the $1,000 filling station card.

- 54 -

Once this debt was bumped off, they would take all of the income that had been going to it and blast the $3,000 department store card. This cycle duplicates till all of the debts are repaid. It truly is an effective way to cut down and pay off charge card debt and it’s easy to comprehend.

Charge cards: we love 'em and we hate 'em, don't we? Charge cards may make your life easier—or truly complicate it! You can find out how to make the best utilization of your charge cards and how to avoid charge card traps.

You just discovered about the snowball strategy for reducing your charge card debt so now it's time to talk about the so-called snowflake strategy. The premise is easy: Every time you get more than a couple of dollars in your hand, send it in to your charge card company to reduce your owed balance.

To make it clear-cut: We're virtually talking about $7.15 payments. Or $14.50 payments. Or $3.20 payments. If you just park it in the bank, you're going to spend it. That's human nature. If all you are able to get hold of an extra $2.74 per day, that's $1,000 each year taken off your charge card debt balances!

Individuals often ignore the power of little amounts. As with everything in life, there's a compounding effect that goes to work. It's the same principal behind the Indian story of the ant that was able to move a total mountain, one grain of sand and bit of dirt at a time.

Your little efforts might not look like they're even denting your charge card debt. In the total, over several years, the results will be nothing short of outstanding. It's the nature of the universe.

- 55 -

Multiple payments can:

 More closely align payroll checks and payments. Do you get paid every week? Make a small payment weekly rather than one big one every month. You'll even out your monthly cash flow.

 Pay down charge card debt more quickly, in the same way a biweekly mortgage works. With biweekly mortgages, homeowners pay one-half their monthly mortgage amount, but they pay it every 2 weeks. With fifty-two weeks in a year, that means twenty-six half payments -- or thirteen monthly payments rather than 12. On a mortgage, biweekly payments may shave about 7 years off a 30-year mortgage. The same precept would work if you divided your monthly payment in 2 and then paid that amount every two weeks.

 Capitalize on windfalls. Once you get in the habit of paying multiple times, charge card payments will come to mind if any windfalls come to your wallet.

 Build up good payment habits and step-up satisfaction. Seeing your balance fall day by day keeps you centered on the task of climbing out of debt and builds a sense of achievement

Bring In Some Extra Money With Technical Skills

 Chapter 5:

Bring In Some Extra Money With Technical Skills


Everybody could use some surplus money, especially in hard times. Maybe the bills were a bit more than you'd anticipated this month or perhaps you're attempting to raise some starter cash for your own online startup or business or perhaps you just need to figure out how to ramp up your existing business.

Make an e-book: all right, you’re thought is – everyone and his father are doing this these days. However, why? Because it works. If you're well-educated about a certain topic, e.g., how to weather coat a deck, power wash a house, give up smoking, make doll apparel – whatever it is, author a book about it.

- 31 -

A Bit Extra

Freelancers are a forward-looking lot. All the same, almost every day I get questions from those who find it difficult to make a sustainable living. I ascribe most of this to some people’s inability to think differently.

There are a lot of ways to make income as a freelance person I keep a file of thoughts. While I seldom find myself without a project on my desk, when work gets scarce, I go through this file to perk up the brain cells. Today I’ll share the ideas with you.

This might call for a bit of upfront work, however, may bring in dollars for a long time to come. There are so many websites in painful need of great copy that all you have to do is switch on your computer to turn one up. All the same, the key is to target those who are willing to compensate for your services.

An acquaintance of mine knows an apothecary who made a skin care product. The product is distributed across the country through independent distributors. My acquaintance told me to check over the site to see if it was a product I’d be interested in trying out.

When I got to the site, I instantly forgot about why I was supposed to be viewing the website. How come? The grammar, artwork, and layout were atrocious; particularly the grammar! I rewrote the home page and sent it off to the webmaster with a courteous note stating that I’d be happy to remake the entire site for $x. Within a few days we came to terms and I got the job. You are able to do this also.


32 -

Professionals are a good target market for freelancers. Mortgage companies, insurance companies, lawn care suppliers, and so forth. Most have sites – and a lot of them are not very good. So, edit/re-script a page and send it to them with a proposition to do the whole website.

Commonly, if they use you once, they'll continue to do so for years to come. Offer to add each week, each month, every quarter, etcetera. Add articles to the site to step-up traffic. A lot of small business owners are so busy that they don’t think or understand how to do this type of marketing. Call attention to the advantages and watch your customer list grow.

Consider the content for each page. For instance, you are able to go into company history on the "About Us" page, but you can likewise mention that your company has x years of experience on the home page, also. You are able to bullet your services on the home page and then go into detail about them on the "Services" page. Jot down some points for the content of each page. Decide where you want particular tidbits to be highlighted so each page isn't repetitious.

Add a little SEO. Do some research on the net to determine what keywords are "red-hot" for the industry. If the company, for instance, makes kitchen cabinets, you might want to include terms like "kitchen remodeling" "kitchen cabinets" and "kitchen cabinetry" to name some. It's likewise a good idea to provide a regional aspect for individuals seeking the business locally. For instance, "kitchen cabinet maker in AZ" and "kitchen cabinets AZ" are good terms to work into the copy.

Utilize an attention-grabbing headline for each page. Rather than "Cabinet Makers" you may try something like "Distinctive Cabinets for Custom

- 33 -

Kitchens." When you get into the "core," remember to talk to your specified audience.

Will you refer to the customer directly? No one truly cares about the content unless it offers them something. Rather than bragging about why the company is the best or presenting a history of kitchen cabinets, it's beneficial to keep in mind that you need to explain the advantages of what the company has to offer. What can Joe Blow get out of the site, and why should he pick this company to build his cabinets?

I always end each page with an easy "call to action." For instance, "Are you ready to discover how you are able to have the kitchen of your dreams? Contact us at (phone) or email us at (e-mail)." You get the idea. The goal is to drive the reader to take action.

Authoring e-books is simple – it may be done in as little as twenty-four hours – and you can offer it for sale on a website like Click Bank or Commission Junction. Think though, most individuals look to the net for info. And, “how to” info is among the most popular forms.

So, squeeze your brain for what you like to do, author an e-book about it, and sell it thru a major distributor like Click Bank. One book likely won’t make you rich, but it may bring in extra cash for a long time to come. The most beneficial part about this idea, once you make one e-book, you are able to make others and truly build your income to the point where you are able to quit your awful day job.

Think about your target audience, your book's advantages to them, its core, and its center like a laser on that. It might seem to you that just everybody' will

- 34 -

want to read your book - but that idea may make your book too 'generalized'. Remember, if you center your efforts on a particular topic instead of generalizing you'll appeal powerfully to a certain audience and reap more possible sales. It's rather like centering on a puddle rather than an ocean.

Get to Understand your target readers; what troubles might your book resolve for them? Where is your book-purchasing audience? Try to author a title that includes your audience in it. If not there, then maybe in the sub-title?

You have to be an author and promoter, so write and make your sales info about your book as you author your book. Collect data about yourself for your author blurb (whatever qualifies you to author the book, maybe other publishing credits, any experience that's a plus), and write about the advantages your potential purchasers are seeking and are likely to discover in your book. Get a few testimonials.

Check into places like Amazon to see what books are selling well and read their 'blurb' content for thoughts on how to present your own. A visit to your local bookshop is a great idea also. Check into some of the other marketers who are marketing books online. Do an 'E-book' search. How are they marketing?

Author an attention-getting table of contents for your book. Title your chapter and add a sub-title to make it transparent to your reader what is contained inside. Read the table of contents of other authors to get an approximation of what may be 'attention-getting'.

- 35 -

That should get you going. Now, do some net searches, and hunt down the needed info to get yourself set in motion, but mind the rip-off artist out to get your money. Subscribe to a few newsletters by individuals who are legit. Think about each step of the process, keep notes, and keep acting.

- 36 -

Chapter 6:

Inventive Ways To Make Cash


There are places like or that let you make t-shirts, mugs, stickers, etc., and sell them without carrying any stock yourself. There are no lower limits, nothing for you to stock, and no upfront fees. If you don’t sell anything, you don’t pay anything.

This is a little more challenging, but once applied, may really draw you a whole gob of buyers! Here likewise, I'd target a professional market.

All right, it’s not glamorous. However, it may be lucrative and it's a never-ending need. The fantastic thing about writing resumes is that it's an easy part of your business to develop and outsource if you don't like to do it, or don't have the time to commit to it.

- 37 -


So, how may a freelancer make the best of a creative medium? Rather simply, if you're mighty with the pen, then dollars may follow. Make cool slogans and humorous sayings and put them on tee shirts, stickers, mugs, and so forth. You may be the creator of the next big fad Tee. Think of the motto, “So it Happens?” I think this was made popular in the flower child's seventies. Can you even start to guess how many bumper stickers and tee shirts were sold with this? So, squeeze your brain and produce some fantastic pop culture!

T-shirts come in an assortment of styles and colors. Are you targeting a female audience? You may consider one of the many tee shirts made for women--the baby doll, tank, spaghetti straps, and so forth. Consider the color of the shirt. While colors are attention-getting, they may also clash or overwhelm out one another. Make certain the colors you choose-- for the T-shirt itself, any printed message, and the colors in any graphic --will work together to produce your canvas. You want your shirt color to complement or contrast with the design. Remember that pinkish letters might not show up well on a pinkish shirt-- if the two pinks are too alike.

Have something to "state" to the world. An effective message states it in a memorable way. Think about slogans that have survived the ages, easy word combinations that almost everybody has heard. As the tee shirt designer, it's your job to produce new slogans, adages, or attention-getting phrases. Short is commonly better as it's more easily remembered. But, even a longer message may be memorable if it flows and has rhythm or rhyme.

- 38 -

Try out different fonts. When picking out a font, remember that legibility counts. But so does the visual aspect. Pick a font that adds a layer of depth to your message. If the message is, for instance, "Work drives me mad," then the font may be scribbled or crazy-looking, and yet still legible. Ideally, you'll make your design in a graphics program (like Photoshop) and then use your image at one of the sites.

Consider the art. Draw/design the art to express feelings. Which emotion do you want to conjure up? Distinguish the elements in the image that naturally arouse the desired response and then accent those elements. Are you seeking to make a sense of beauty or fright in those who see your design? The key is to comprehend the pieces of the artwork and build on them.

Place the art and text so that one doesn't distract from the other. Art may be behind the text--if the art itself isn't too busy. Art may be above or below the text. This works particularly well with oblong-shaped art so that the art basically underlines or sits above the line of text. Your art may also run along the side of the tee shirt, even crossing from front to back.

Scan and import your art images onto your file using Photoshop or a similar application. Incorporating art may enhance your message. Or utilize art by itself if the visual is the message you want to convey.


An illustration: There's a prominent land agent in my city. In all my years I had never seen this specific mode of advertising by an agent. He produced a “paper” about his geographic region. It’s only five or six pages (11x17) and published on newspaper stock. It has all of the local activities,

- 39 -

what’s being constructed, how it will affect the biotic community, and so forth. Naturally, the paper is angled toward real estate news but has just enough of the additional factors to draw in a loyal resident readership. In this paper, he deals with ads to mortgage brokers, movers, title and loan companies, auto dealerships, and so forth. Now, when individuals go to sell their homes, who do you believe they’re going to call? Him, naturally! Because his name is before them bringing them news pertinent to their day-to-day lives week in and week out.

It’s crucial for you to know everything about your paper. If you're brand new and are making cold calls, you'll be pelted with questions about your publication. If you are able to answer them right, you'll build credibility with your prospects. You'll struggle miserably if you blunder and can't give solid info.

You must be acquainted with your rates and the size of each ad you have for sale. Ads can be sold either by the column-inch or by the pages, which are subdivided into particular sizes like Full-page, Half-page, 1/4-page, and so forth. It's crucial that you become fully able to spot an ad and distinguish its size. Charge this information to memory.

Make a list of the business people you know. Begin making calls to set up sales. If you're new to the ad sales game, it's safe to assume that you won't have an existing book of business. That surely doesn't mean that you won’t be able to begin selling. Almost everybody knows somebody who's either in management or owns a business. This is your quick market.

It's important for you to produce a sense of urgency for your prospects. Don't be pushy, though. Nobody likes to be pressured into anything. But,

- 40 -

keep in mind that you're not selling a physical product like a car or copy machine. Your job is to sell the "concept" of advertising.

Sell from the top down. This step is exceedingly important. Regardless of your prospect's budget, show them your biggest and most expensive ad first. They might only be thinking of a small ad, however, they might not comprehend that by spending a little more money, they'll be using their ad dollars more wisely.

Become a master at follow-through. You'll find, after your first couple of months, that the bulk of your sales will happen as a result of follow-up. Even seasoned pros don't make sales during first attempts. You should do a follow-up no later than 3 to 5 days after your first contact. After eight or ten unsuccessful tries to close a prospect, move on to another buyer. Your time is too valuable to waste on those who are not ready to purchase.


At an ultra-low price of fifty dollars (I've been cited rates of $250 just for a resume); doing only a couple a day may add up to a very nice full-time income. Up-selling a package (e.g., cover letter and reference sheet) was commonly super easy, and customers were so thankful that this feeling alone was enough to make it worthwhile.

The hardest thing about writing a resume is knowing what to accent. You must attract the attention of HR managers, who receive 100s of resumes daily even when they haven't advertised any positions.

- 41 -

Write a cover letter. This isn't a synopsis of your resume. Merely introduce yourself and state why you're the best candidate for the job.

Know what type of job is being applied for and what the qualifications are for employment.

Pick a design for the resume. You are able to search for samples that are particular to the job being applied for, although it's more crucial to have an outline that best suits the job and fill in the blanks with personal information. The outline may include objectives, work experience, qualifications, and references.

Put in the resume the objective, fitting the job description. This may determine whether the person gets the 10 to 30-second review and if the reviewer will send your resume to the next round.

Utilize bullet points to convey info and strive to be clear and concise when writing the rest of the resume. Analyze the job qualifications and spotlight any skills that meet those requirements. It's also best to utilize action words like prepared, directed, managed, developed, supervised, implemented, coordinated, and awarded. If there is a lack of experience, center on how education has prepared the person for the position for which they are applying.

Include symbols like %, $, and #. These symbols will save space, letting you include more information on the resume. A symbol like a dollar sign may also draw the HR manager's attention to a significant financial accomplishment. For instance, "directed and closed the first year with two

- 42 -

million in revenue" should be altered to "directed and closed the first year with $2M in revenue."

Spotlight strong points by putting the most relevant points first where they may be viewed quickly. Remain positive and prevent negatives like reasons for leaving an employer and history gaps in employment. These may be discussed in person if necessary.

Help Students

Ahhh, endearing, broke, despairing educatees. A lot of them don't have the time or, quite honestly, the skill level, to edit their own work. And, they'll gladly pay somebody to do it.

This is among the easiest markets to target as all you have to do is get hold of the Student Affairs office and ask to post a notice on the student message board. Or, you may take out an ad in the college newspaper. As well, flyers posted around the campus work well.

Commonly, if a student utilizes you once, they will always return if they're satisfied with your services. The finest part about this group? They have loudmouths and they utilize them -- to tell other pupils about your services.

Students likewise need resumes, bibliographies, and graduate school essays. There are a plethora of services you are able to provide successfully. I can tell you from personal experience that they are a good-paying lot and are exceedingly nice to work with -- because they're commonly desperate and are just happy to find somebody who may work within their deadlines (think, "I required this yesterday!").

- 43 -

I don't suggest outright writing papers for pupils. I think it is immoral. However, proofing, editing, and suggestive revisions -- are all services that I have supplied quite successfully in the past.

Saturday, September 24, 2022



 Table of Contents 

INTRODUCTION ;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;

STEP 1: CHANNEL FOCUS;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;; 

STEP 2: CREATING A KEYWORD STRATEGY;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;

STEP 3: BRANDING MASTERY ;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;

STEP 4: CREATING SHARE-WORTHY CONTENT;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;; 

STEP 5: BUILD YOUR SUBSCRIBER BASE;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;

CONCLUSION 36 RESOURCES;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;; 

YouTube in 5 Easy Steps: Special Report 3

YouTube in 5 Easy Steps: Special Report  







Terms and Conditions


The Publisher has strived to be as accurate and complete as possible in the creation of this report, even though he does not warrant or represent at any time that the contents within are accurate due to the rapidly changing nature of the Internet.

While all attempts have been made to verify the information provided in this publication, the Publisher assumes no responsibility for errors, omissions, or contrary interpretations of the subject matter herein. Any perceived slights of specific persons, peoples, or organizations are unintentional.

In practical advice books, like anything else in life, there are no guarantees of income made. Readers are cautioned to reply on their own judgment about their individual circumstances to act accordingly.

This book is not intended for use as a source of legal, business, accounting, or financial advice. All readers are advised to seek the services of competent professionals in the legal, business, accounting, and finance fields.

You are encouraged to print this book for easy reading.

Advanced Google Trends

  Advanced Google Trends Unlocking Insights with Advanced Google Trends in 2023 In the fast-paced world of digital marketing and market anal...