The One Year Millionaire

Every once in a while you may stop and look at your Financial Situation. Some of us may take that moment to appreciate their good standing while others may become overtaken with the stress of Unpaid Debts! I realized that I haven’t really talked about this on the ‘One Year Millionaire‘ yet and I really wondered why, because overcoming Debt is one of the biggest obstacles when it comes to making money in any business or career!

The worst part is that with the economy going down and inflation, today’s common man or woman will always be left on the bad end of the scale. While the price of living goes up all the time, the salary rates ,etc. don’t seem to budge. I know that personally when I was doing Online Marketing, my first big goal that I wanted to reach was to get out of debt! I had a $25,000 student loan that I had to pay back on top of money that I had borrowed from friends and family. Once I had accomplished that task I was ready to really make some money!

I initially wanted to write this issue just to motivate you to do something about any Debts you may have. Taking a step and taking action is already doing a lot more than most people. I wanted to tell everyone that they shouldn’t let Debts stand in their way in any scenario, but my argument had one fatal flaw. How could I tell people not to let Debts take over their lives and then, not provide anything to help them accomplish it?

So rather than just telling people what to do I scoured the internet for answers and I found a few different solutions. The solutions range from information coming from my own Financial Knowledge, programs to help you get out of Debt and a combination of Instant Credit and a plan.

1. From all my past experiences and stories I’ve been told there are really only two solid options to take initiative and reduce any Unwavering Debts. They are Debt Consolidation and Filing Bankruptcy.
   • Debt Consolidation : This is what I would personally do in any Debt situation if I feel like it may be getting out of hand. This is the idea of taking all your current multiple Debt Sources and combining them into one single Debt. For example: you are late on all your bill payments (electricity bill, internet/phone bill, etc.) and what you would do is go over to the bank and have them consolidate your debts. This means that they will pay all your bills for you and then; instead of owing several different companies/people, you will only have to repay the bank. This is great in many ways because the bank usually has a low interest rate and also it becomes much easier to make payments to one place making it a lot less confusing and much more organized!
   • Filing Bankruptcy : This is only something that you should do when there are no alternatives. Filing Bankruptcy will put a stain on your credit records and you should only do it as a last resort to escape the most Complex Debts. This is to officially declare the inability to pay your Debts. The laws of certain countries may treat it differently, but this is a very serious matter and should be taken care of professionally. Before making this kind of decision you should see a Financial Adviser. Check out Bankruptcy Rights to get a Free Evaluation with an attorney in your area.
2. These are some good programs that I found that can help you with Debt related issues… check them out:
   • Debt Match
   • Debt Clear
   • Smart Way Credit
3. If you just need to get some quick cash and your Credit Rating isn’t the best, then here are some good options (most of these are only good for United States):
   • BadCredit (Credit Approvals with Bad Credit)
   • Credit Card Instantly (US)
   • Credit Card Instantly (UK)
   • Credit Card Lab
   • Emergency Credit Line
   • Free Credit Report

I know that I’ve given you all some valuable information and the opportunity to fix any Debt Problems and I hope that those who need the help will do something and not just sit there while Debts Accumulate. I know that when I had Big Debts that I wish I could have had someone come to me and help me out.

When you look at all the people who are making money online, there is a big percentage who are making close to nothing because of Debts or Bad Spending Habits; but then again, there are some who give us Internet Marketers a good image with $100,000 Google Checks. Keep working hard!