Starting From Zero (Or Below!), No Money, Huge Debts, No Way Out?

April 7, 2008 – 11:57 pm

OK, here you go … we think you’re going to like this one.

It’s Liz here with some information that could literally transform your life over the next few years.

I wanted to let you know about Duncan, who like many Homestudy graduates “went from zero, FLAT BROKE, being in large debt to eliminating his debt and starting a profitable investment portfolio”. Duncan has purchased his first investment portfolio, plus now generates instant cashflow from Share Renting and Selling Insurance on the market as well.

So if you are FRUSTRATED because you have no money to begin investing, because you are repaying borrowed money, paying off huge debts, most of your money goes on paying your mortgage and in meeting expenses and bills every month and you just can’t see a way forward to even having the money to begin to invest so that you can:

  • take back control of your life
  • have the time to spend with the people that you love like your family and friends
  • have the money to take care of yourself and your family
  • contribute more to your community and things that are really important to you …

then you will want to follow one of the key things that Duncan and many others have succeeded in doing which is to get rid of the debt that is holding you back ASAP.

This Free report shows you how YOU can be debt-FREE in 3 -7 years starting right now.

Click on the image to download your copy here ……

(you will need a PDF reader to view the report
such as Adobe Reader)

Let us know what you think once you have read it and feel free to pass it on to people you know who may be feeling the strain and burden of being in debt right now.

Speak soon

Liz

  1. 8 Responses to “Starting From Zero (Or Below!), No Money, Huge Debts, No Way Out?”

  2. Hi Liz,

    Have been using this from Jamie’s book with great results. Neat to have the sheet at the last page so i can write it all in and compare the balances at the end of every month. It gets more and more exciting paying off debt and i manage to put more and more money aside each month as i see the results! wahoo. Homestudy course here i come :)

    By David Shanhun on Apr 8, 2008

  3. Hi Liz,

    This is Great, very easy to understand, wish I knew this a few years ago.

    Regards
    Tony

    By Tony on Apr 8, 2008

  4. Hi Liz,

    I am familiar with the “stratedgy”, and have been using my own version of it spontaneously for a couple of years now and can vouch for the results. Like you have demonstrated: debts get paid off much faster by implementing it!

    Regards
    Dian

    By Dian on Apr 9, 2008

  5. Hi David,

    Great to hear from you and that you are already putting things into action from Jamie’s book and seeing the results….. Keep us posted and speak soon

    Liz

    By liz on Apr 12, 2008

  6. Hi Tony

    Thanks for the feedback and I’m pleased to hear that you found it easy to understand. I agree with you and wish I had got to grips with this stuff sooner but better late than never!

    Best regards
    Liz

    By liz on Apr 12, 2008

  7. Hi Dian

    Thanks for the feedback and that you can personally confirm that these methods work as I’m sure some people may be a bit cynical! So it’s always really great to hear from people who are doing these things and have got great results.

    Best regards,

    Liz

    By liz on Apr 12, 2008

  8. Hi Liz,

    Thank you so much for the spreadsheet and valuable tips.

    However Liz, at the moment we are already taking out a big chunk of our salary a week for $120.00 ($480mntly) to go towards a deposit on our first investment property within the next 20 months or so. Even with two children and a lot of debt similar to the example you have given. But now after reading your email, I am starting to think whether we should reduce our debt first and then start saving or do both. Alternatively, should we have a portion of the $120.00 to savings and another to reducing our debts?

    I look forward to hearing from you and what your thoughts are on this.

    Kind Regards
    Jenny (NZ)

    By Jenny on May 26, 2008

  9. Hi Jenny,

    This is a great question …. and I can only respond based on what we were taught some years back when we first started out on turning our “financial” lives around.

    It goes like this:
    1. Automatic Savings Plan - invest 10% of your gross income via your Automatic Savings/investing plan
    2. Debt Elimination Plan - invest 10% of your gross income via your Debt Elimination Plan
    3. Charitable Giving Plan - contibute 10% of your gross income via your Chritable Giving Plan
    4. Debt Avoidance Lifestyle Strategies - implement these to minimise expenses
    5. Party - spend the rest and enjoy it!!!

    If 10% on each of the first 3 plans is too much at this stage then reduce the %amount evenly across them.

    You will need to work out what is affordable to you as a family, so this is a personal thing but we were taught to evenly allocate the funds across Savings, Debt Elimination and Charitable Giving.

    Your post has just prompted me to think about Debt Avoidance Lifestyle Strategies. I think I might go and write something about these in the next few days as I don’t think we have really covered these so far!

    I hope this makes sense to you and if you have any more questions then drop us a line.

    Kind regards
    Liz

    By Liz on May 27, 2008

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