zero debt

Achieve Zero Debt by Creating a More Effective Money Management Plan

Zero Debt: Here’s a new book by Phil Cooke, a financial consultant. I personally know what it’s like to have too much credit card debt. In fact, I even know the headaches of having almost $100k in outstanding debt. That’s why I wrote Zero Debt – to provide individuals in serious debt with a message of hope: you can overcome your debt and get back on track financially. To me, that’s all the motivation I need to get started with this program.

The first part of the Zero Debt program deals with setting up your personal budget. In this section, you determine your current situation, as well as your asset allocation. Your current assets are the cash and investments you have in your checking and savings accounts. Your total assets are basically everything that is not fixed assets. For example, if you own a car, those payments to that car are an investment in your future income – but those payments are included in your current financial statements.

Your current financial situation is just one factor in determining your total assets. Other things like home equity and business equity are important as well. The purpose of this section of the Zero Debt Program is to identify the things that should be included in your asset allocation. The idea here is that you will want to have as much of your money set aside for things like zero debts as possible.

The next section of Zero Debt focuses on identifying your long-term goals. That’s the section where you will identify the long-term plans you have for your money. For example, if you have a plan of saving all of your extra money for retirement, you’ll want to include that money in your asset allocation. In Zero Debt you’ll find lists of debt-free companies that are willing to negotiate with your creditors for lower interest rates. These debt-free companies can help you get rid of your high interest credit card balances.

Finally, on the Zero Debt website you will find resources that will teach you how to create a more effective savings plan. This involves creating an asset allocation plan using a spreadsheet. The spreadsheet should have a separate section for assets that are fixed. For example, your vehicle should only be used for emergencies or vacations. If you currently owe money on these types of credit cards, they must be included in your fixed assets. This type of budgeting will help you achieve your zero debt goal.

These four sections are what is called your debt-free plan. This will help you achieve financial freedom by eliminating debt and building up a savings plan using internal generated cash. Internal generated cash is basically what your money is doing in terms of spending.

Once you are debt-free, you can then start building up your savings. The best place to do this is to make investments in real estate and your own stock portfolio. This is because you can use these investments to grow your total assets, lower your total debt, and pay down your debts. Your investments will increase in value over time, which will allow you to pay off all of your debts.

With your own money, you don’t have to rely on credit counseling services. By making your own investments, paying your bills on time, and increasing your total assets, you will be well on your way to becoming debt free. Just be sure to check into zero debt programs to ensure that you are working to achieve the best results possible. You should also check into the many options available for debt forgiveness, credit counseling, and other resources.