Posts Tagged ‘debt lawyer’

Secret 4 Out Of 7 Secrets To Financial Freedom

Thursday, January 20th, 2011

Alright so you have read my blogs criticizing the system; that can only help you go so far. You probably still want to know what the real secrets are to be free of the debts you have. First we suggest to our clients to stop focusing on the amount of debt they have and second stop focusing on lowering expenses and instead begin to focus more on a few other more important matters, like expanding their means by increasing their income (without finding a second job) and start spending time shopping for assets to acquire, and we don’t mean a second vacation home in California.

You probably realize that everyone has very different strengths and capabilities to buy assets; however everyone can at least hunt the market and shop for assets. I am convinced you can shop because you shop for restaurants to eat at; you shop for automobiles, home or apartments, furniture, health insurance, and interest rates on your credit cards or savings accounts. You are a consumer who shops so over time you buy stuff but when is the last time your purchases assets? Let me give you and idea of what an asset is; it is ownership in something that puts money in your pocket on a ongoing basis without leaving you in a position to have to work for that money on a per hour basis. At first it takes a lot of work shopping for the right asset, but when you find it and buy it, it should produce income for you and pay you until you decide to sell.

So, you’re probably asking, where do you find these assets? Right away what comes to most peoples mind is buying assets like stock on the open stock exchange, or they think that their IRA or 401k is an asset. A 401k is definitely not an asset; it is more like a leach sucking the blood out of its helpless victim. You are the victim of the leach and the leach is the wealthy corporation depleting your saving through funds owned by their 401k and inflation.

Did you know that you can receive a dividend (return) from purchasing either publicly traded or privately owned companies such as Walmart, for as little as $50 at a time and receive a guaranteed dividend? Consider buying $50 of Walmart shares every month last year; you would have $600 of Walmart ownership, or close to it, plus a guaranteed dividend. This is not very exciting but this is where a lot of us people start out. Overtime you will learn to shop and purchase assets in the thousands of dollars and not put a penny out of your own pocket towards the deals.

Furthermore, everybody can raise their income and the fastest way, to raise a persons income is through sales. In Fact the highest paying profession on average, even higher than attorneys and doctors, is sales. Did you know that the Internet is the hottest tool to sell information? Selling information could increase you income help everyone and improve the lives of others. My case in point, you expect that I am selling a product, I am selling a service offered by our company but your are reading it for free and what price can you place on the benefits of this information?

We all sell, we sell each other on our thoughts, many of us have sold a company our labor by the hour and have sold the employer on our ability to do a specific type of job, and that was all in one sale. We sold and keep on selling our husband or wife or children on our beliefs and ideas. You have to have faith and believe that you can and should sell stuff, humankind would move very slowly without agents advertising and selling services and products for the suppliers of services and products.

Now you know Secret 4. Secret 4 is to focus on buying assets and increasing your income. Increase your earnings so you can continue buying more assets, but not to pay down your debts, at least from where you are starting at the moment. Keep in mind you received that money legally; it’s now time to move on. If this bothers you, perhaps you’re not prepared for the last 3 of the 7 secrets. But I think you are.

BANKRUPTCY RISKS

Monday, October 18th, 2010

Bankruptcy is the same as being sued by all of your creditors within 30 days. Your trusted attorney that you worked so hard to retain will want a $1500 retainer fee just to look at your Bankruptcy and then once you have paid the attorney you will begin to be told what will be done with your property and income. You will have no power to negotiate with your attorney or the courts and you will be treated like a child.

(I’ll bet not one attorney will tell you that only those who have nothing to lose will qualify for a Chapter 7, meaning that they should not have filed bankruptcy in the first place.)

Expect to get into a Chapter 13 payment plan; even if your attorney files under Chapter 7, eventually it will be removed into a Chapter 13! If you don’t believe me, check the court records to see how many petitions were removed by an order of the court.

A common mistake people may make is to file for bankruptcy to save their home from foreclosure. The problem here is that in most cases the bank will request a removal from the bankruptcy proceedings, courts will usually grant, and the bank will continue with the foreclosure.

Oh yea, and the two bankruptcy marks will remain on your personal credit for 10 years.

 

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