Celebrate Your Independence

Liberate Yourself from Debt and Worry

I hope you enjoyed your Fourth of July weekend, whether you spent it with friends and family celebrating or just took a little quite time for R&R. Mari and I were up in St. Augustine and there was a moment during the fireworks display that I was struck by a sense of patriotic pride. For all that we've accomplished as a nation, for all that we were and for all that we've become. This Country may not be perfect, but it's the best place in the world in terms of accomplishments and know-how. We've got a lot to be proud of and it all started by one simple declaration of independence.

There is another kind of independence that is also available to you. Financial Independence.

Independence from debt. Independence from financial stress and worry. Independence from an under-compensated jobs or business that you're tied to.

Are you drowning swimming in a pool of consumer debt? Do you find yourself wondering and worrying about how you're going to pay the monthly bills? Do you feel like there is no way out?

Most people are untrained in financial affairs and as a result, the average American spends 110% of their annual income and has $3,000 - $5,000 in credit card debt. Its not uncommon for people to find themselves barely able to make their minimum monthly payment. Unfortunately, even if you can make your monthly minimums, it would take 25-30 years to pay your cards off!

So the typical solution that is offered is to refinance your debt into one low monthly payment. Just refinance you house and use the equity to pay off those high interest credit cards and reduce your rate from 12% to about 5.5%. Sound great, doesn't it. No more credit card debt. Lower interest rate. Lower monthly payments. Sounds like the perfect solution.

The problem is that you haven't solved the underlying problem. And as a result, in about 5 months, you'll find your credit card balances climbing back up at those higher interest rates and now all the equity in your house is gone. You're actually worse off than you were before.

Financial independence is achievable if you know the rules. If you're truly interested in gaining financial independence for yourself and your family, pick up a copy of my Wealth Accumulation program. It will provide you with the tools to turn around your financial life and get on the road to success. Sign Up Here.

Theses days, a relative few people have savings account and even fewer of them know the correct way to use savings.

For example, when you were younger, you may have started a savings account with a specific goal in mind - say buying a car. Each week you take a portion of your pay check and deposit it into the savings account. You can probably remember the sense of anticipation you felt each week walking into the bank to check on the new balance as the interest compounded (at around 3% annually) and you added another deposit.

That's a great start.

You watch as the account builds and builds and just as your little nest egg starts gaining real value what do you do? You withdraw the money and "invest" it into a depreciating non-asset.

Now your savings is gone and in a couple of years, so will your car. You are left with nothing.

Then, you repeat that process throughout your life and you're left wondering why you seem to fall further and further behind.

Its not your fault. You were never taught the right way to gain financial freedom. Now is your time. Now is your chance. Let me teach you how to get from where you are to where you want to be financially.

The bad news is that the formula is backwards. There is no way to get ahead using this 'strategy'. The good news is that there is a better way. My Wealth Accumulation program will give you the formula to turn your finances around and start getting ahead. Order Here.

All the best,

Drew Miles, The Tax Saving Attorney