Smallest to Tallest & Debt Payoff

Posted on May 17, 2020 by TheWealthIncreaser.com

Learn how you can pay your debt off faster and start to build wealth efficiently throughout your lifetime…

In the current economy many are contemplating ways that they can pay off their debt effectively and more efficiently. Many are over-thinking their situation and remaining idle or are moving forward at a snails pace.

The real key at this time is determining if you are truly motivated to pay down or pay off your debt, and if so–putting together a debt payoff or debt pay down plan that you believe in and will get you the desired results.

There are many approaches that you can take to pay off your debt such as the debt snowball approach where you attack the smallest debt and go to the largest, debt avalanche approach where you attack the highest interest rate and move to the lowest interest rate along with many others that are too numerous to discuss at this time.

It is important that you realize that the real key to paying off or paying down your debt is determining “why” you want to pay off or pay down your debt and then making a real commitment to focus in on a consistent basis according to a plan that works for you and your cash flow position.

Do you desire to save time and interest by using the debt avalanche approach or do you feel more comfortable eliminating debt faster but paying more in interest overall by using the debt snowball or some other method?

Your money management personality will play a role in the debt payoff method that you consider–and ultimately choose!

Many of those who now have credit card debt and other revolving or installment debt are looking for creative and highly effective ways of paying off their debt. And even though we are in the COVID-19 era–NOW may be the time for you to start on your debt payoff or debt pay down journey.

In many cases, the simplest and most effective path is paying off the smallest (the one with the lowest balance) debt that you now have and then working your way up to the tallest ((the one with the highest balance) debt that you owe.

Conceptual Understanding

Keep in mind that there are many other ways to pay off your debt and this strategy may not be right for you, but is one worth at least considering.

Even so, you still want to know that in case of a financial emergency you will find yourself in a comfortable position to still be able to pay off your debt.

In this discussion TheWealthIncreaser.com will detail ways that you can pay off your debt and at the same time build a better future for yourself and your family—in the current economy.

If the amount of debt that you owe is at a high level and it looks difficult to pay off or pay down at this time—it is ok if you are outraged at your past behavior—however you must leave anger behind as it has the potential to slow down your progress!

Your outrage (motivation) at this time can get you on a path toward major debt payoff and turning your finances around and achieving meaningful goals.

At this time TheWealthIncreaser.com will discuss ways that you can pay off your debt that will force your mind to take a more visual look at your debt that could lead to you becoming more inspired to pay off or pay down that debt in a more timelier manner so that you can enjoy life on your terms.

Let’s now look at how you can reduce your debt efficiently at this particular point in your life.

Smallest to Tallest Credit Card Debt Payoff

By starting your debt payoff method by looking at what you owe from a comprehensive perspective (analyzing all of your outstanding debt) you can put yourself in position to come up with a more efficient debt payoff or debt pay down plan.

By knowing your monthly income (and outlining your total debt that you have at this time) you can put yourself in real position for real success throughout your lifetime!

It is important that “you” know your current balances on all of your outstanding debt and your interest rates along with what you spend based on your standard of living on a monthly basis.

Assuming your credit card and other monthly debt are as follows:

Credit Card 1 $1,560–minimum payment $30–17.99% interest rate

Credit Card 2 $1,970–minimum payment $30–13.99% interest rate

Credit Card 3 $2,460–minimum payment $50–20.99% interest rate

Credit Card 4 $3,975–minimum payment $70–11.99% interest rate

Auto Loan $1,260–payment $300

Mortgage $115,600–payment $800

Utilities and other monthly expenses including auto and mortgage were $1,800 in total:

If your income on a monthly basis is now at $2,500 you would have $700 ($2,500 minus $1,800) to apply toward your credit cards and other debt on a monthly basis. By paying the minimum amount on credit cards 2, 3, and 4 ($150) and an additional amount of $550 on credit card one you would eliminate credit card 1 which has the smallest balance in 3 months and move along to credit card two that has the second smallest balance.

You now have $550 that you were paying on credit card one and $30 that you were paying on credit card two ($580 total) to use to pay off credit card two and in just over 3 months from the time of paying off credit card one–or 6 months from your debt payoff start day credit card 2 would be paid off.

You now move to credit card three and you now have$580 plus the $50 ($630 total) that you were paying to credit card 3 to pay off credit card three in about 4 months from the payoff of credit card 3–or 10 months from your debt payoff start day–and credit card 3 would be paid off.

You would then have $630 that you were paying off for credit card three to apply to credit card 4 that you were paying $70 per month to pay off–meaning you would have $700 after 10 months of paying off your credit card 1, 2, and 3 to apply to credit card 4 (your tallest credit card debt).

Therefore, at a payment of $700 per month in less than 6 months credit card 4 would be paid off and you would be in position to use the $700 that you now have available on a monthly basis to properly establish an emergency fund if you have not done so, establish an education savings account for your child, pay off or pay down your car payment or mortgage payment more aggressively, save more aggressively for retirement or pursue other goals that you may have.

By using your motivation, an effective action plan and putting forth the required effort– in 16 months from the start of your debt payoff journey you would have all of your credit card debt paid off and you would be in a better position for lifetime success!

If your income was at $5,000 per month you could do even more by paying off the above debt even more aggressively,

If you lacked the income at this time (say your income on a monthly basis was less than $1,900) you would have to get more income, cut expenses or do a combination of the two.

If your debt payoff under the best of circumstances would take 4 years or more bankruptcy should be given real consideration “prior to” depleting your savings, retirement and other accounts.

That is why you must “at this time” determine ways to increase your income or cut your debt level (or do a combination of the two) so that you will not overthink your situation, remain idle, or make bad choices by not seeing a realistic way out.

You now know that you can achieve optimally during your relatively brief stay while here on earth, however it is your responsibility to get the ball rolling and stay committed even when adversity occurs.

Conclusion

It is not only important, it is imperative that you come up with a plan to reduce your debt or save more aggressively so that you can reach your desired goals.

By making a decision at this time “you can put yourself in position to control your future” as opposed to having credit control your future.

You can lead your family and loved ones on a positive journey where success lives!

All the best as you journey toward a lifetime of success and pay off your debt from smallest to tallest or in any other manner that you see that will work for you and your family…

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Deep Thought & Wealth Building

Posted on April 20, 2020 by TheWealthIncreaser.com

Learn why giving deep thought to what you desire most can lead to you reaching your wealth building dreams in a more efficient manner…

In the current economy it is more important than ever that you give “serious thought” to what you desire most.

In this discussion TheWealthIncreaser.com will discuss the importance of giving “deep thought” to what concerns you most during your lifetime while you are here on planet earth.

And just as the creator of this site is giving deep thought and looking back over many years to determine where and if improvements can be made in various areas—so too should you be looking back over your lifetime and determining where you can make improvements and enhancements to improve your living conditions–now and in your future.

With the COVID-19 virus running rapid in many parts of the world many are taking the time to “look within” and see if there is a greater meaning for their life as they experience major changes on a daily basis in how they go about their day to day activities.

And just as you must give deep thought to how the COVID-19 virus will affect you and your family—so too must you give serious thought about how you will more effectively manage your finances from this day forward.

You can now give serious thought to your current state of your financial affairs and make a serious decision to pursue financial success at a level that is your absolute best.

By giving serious thought to the three steps that are outlined below you can get a real jump on what you need to do—to make your wealth building dreams come true.

You can do more than think about what lies ahead in your life because “you have the power to do so” and you can at this time leave anxiety and the uncertainty that you may feel at this time behind you in the wind—exactly where it should be.

Although your future is not guaranteed by any stretch of the imagination, there are things that you can do to put yourself and your family in a more favorable position for long-term wealth building success.

Learn why you must choose success at the earliest time possible…

In 2010 the creator of TheWealthIncreaser.com was disgusted about how the financial downturn occurred and therefore decided to create a website (Realty 1 Strategic Advisors) to help those who were affected by the 2008-2009 financial crisis better navigate their financial future.

Furthermore—the creator of TheWealthIncreaser.com wanted to help those who were not affected better prepare themselves for the future in a manner where they could better control their personal finances.

Even though many visitors came aboard and used the content on the site to achieve greater success throughout their lifetime—others remained unconcerned or uncommitted about their financial future.

By frequenting this site at this time you have the opportunity to change the trajectory of your future when others choose to do otherwise. You can make a wise decision at this time to choose long-term success if you are now ready to give it your best.

Learn why the time to choose a better path toward success will never be to your liking…

You must realize that even though we are in a COVID-19 environment, now is the ideal time that you choose a path toward success that has fewer roadblocks and pitfalls.

You must realize at this time that your path toward what you desire will never be perfect or what you consider ideal.

Therefore you must make a serious commitment to give it your best at this time so that you can achieve at a higher level on a daily basis.

Even though the success that you desire may not be near—you must “act daily” as if the success that you desire will appear…

It is important that you have faith that what you desire to occur in your future will truly materialize.

By frequenting this site you are showing a level of commitment that will stand the test of time and will take you toward the dreams and goals that you have—that are divine.

You must take action on a daily basis in a manner that says—success is not only near—success is here.

You make happen what you desire to occur most by taking action at a very high level on a daily basis so that you can win the majority of your races (your goals are reached consistently) and make success more likely to occur because you are taking the right paces (moving toward success in a winning fashion).

Conclusion

By giving serious thought to what you desire most you can achieve at a higher level of consistency and reach toward a higher level of success.

You can now think about your future and leave worry, anxiety, fear, frustration, lack of effort and excuses behind–and achieve the type of success that is one of a kind.

You don’t have to live daily in a manner where you let uncertainty and anxiety rule the day—if you decide to look at and attack your financial and wealth building future in a better way.

Even though others may be in a shell at this time, we are of the opinion that now is the time that you take even greater action and move in a way that can help you and those you love achieve even greater success because you made a “serious decision” and decided to give deep thought to what your future was about–and you were sincere in your actions toward not only moving yourself and your family forward–but society as well.

All the best to your “new thoughts” and unlimited success as you move forward…

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Timing & Wealth Building in the COVID-19 Era

Posted on April 4, 2020 by TheWealthIncreaser.com

Learn why the time to do what you need to do financially varies depending on where you are now at in your life stage…

In the current economy in many parts of the world many are at a point where they must stay in a confined area for a certain time period and/or must keep a certain distance from others due to the COVID-19 virus.

Many are using this time wisely and are looking within in an introspective manner to see what they can possibly do better in their life.

It is important that you at this time determine where you are now at financially and otherwise—and make the best or most optimal moves “at this time” based on your current life stage and financial position.

In the following paragraphs you can learn how you can use your time more wisely and achieve at a higher level—at this time—and in your future.

Plan in advance for uncertain times…

You can use your time more wisely by focusing and planning on what you desire to occur in your future. Many of those who have frequented this site for years are now in a better position than most to handle the uncertainty and anxiety that is now in the atmosphere.

Whether it be financial or otherwise you make the likelihood of future success occurring in your life when you plan for success and particularly when you put your planning in writing.

You can use personal financial statements to see where you are now at and use the information that is derived from those statements to see where you can go.

You must plan for success by knowing how credit works and using that knowledge to manage your credit in a manner that serves your best interests—not creditors.

You must plan, pray and take the right posture on a daily basis if you truly desire to position yourself and your family for lifelong success!

It is also important that you have a comprehensive overview of your finances so that you can plan daily in a manner where you can win--consistently. Even if you now find yourself in an adverse position as a result of COVID-19 or other factors you must always know that you can put rebound mechanisms in place and still achieve your goals throughout your lifetime.

Know what you desire in your future…

You also want to take time—right now—to do some deep thinking to determine where you really want to take your future.

What were you put on earth to do?

Use the time that you have now to search your soul and determine if what you are now doing or working toward doing is what you were truly put on earth to do.

Or is what you are doing at this time something that you must do—but it serves no real end toward making your dreams come true.

Use a calming approach (you slow your mind down and receive the inspiration and dreams that were meant for you) and look within at your life and see if there is a better, more effective way of achieving what you really desire.

Do continuous review in order to make your dreams come true…

Once you put your plans into action you must still have the mindset that you will do continuous review and fine tune where necessary.

You can achieve many of the goals that you may now feel are out of reach if you take the time now to plan—do and review.

By doing so consistently you can achieve at a higher level and fatigue and a feeling of doubt will play no meaningful role in holding you back from achieving your dreams.

Conclusion

You can at this time choose to get down on yourself and remain where you are now at or move along in life at a snail’s pace—or you can use the time that you have to look within and plan for a better and brighter future.

You can better prepare yourself and your family for the perils that lie ahead (both seen and unseen) and position yourself to “weather the storm” in a way where you come out in a good position—or possibly even in a better condition than when you were experiencing the storm–or even before the storm.

It is the desire of TheWeaalthIncreaser.com that this discussion has led to “a calming of your thoughts” and a feeling of well-being about your future. Regardless of where you now stand better days lie ahead and you can use what you have learned in this discussion that you feel is appropriate to move forward–to “your” best advantage!

In the age of COVID-19 you must believe and know that you will come out on the other side in a stronger position for success—whether it be financial or otherwise!

You must also remember that the time to do what you need to do to make your dreams come true will never be ideal. You are now alive and visiting this site and you have the opportunity to get your future right–in spite of the disheartening news that you may hear on your radio or hear and see on your phone or TV tonight.

Those who have been utilizing this site for years continue to do so due in large part to the calming effect that it has on their financial life.

For those of you who are new to this site it is the desire of TheWealthIncreaser.com that you continue to visit if you find value in this site so that you too can transform your future to that of true success once and for all—whether it be financial or otherwise.

All the best to your success during these difficult times and throughout your lifetime…

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Preparation & Wealth Building

Posted on March 25, 2020 by TheWealthIncreaser.com

Learn why you must prepare for wealth building success and always give it your best…

In the current economy anxiety and a feeling of uncertainty is inside the mind and heart of many, however those who have “prepared for success” are less likely to exhibit stress and anxiety at this time (or in the future) than those who “failed to prepare” for success in their past.

With the stock market around the globe fluctuating wildly and the COVID-19 virus running rampant in many parts of the world, many are feeling uncertain about their financial future and their future well-being in general.

In this discussion TheWealthIncreaser.com will discuss how those who prepare for success–experience less stress as they move along at the various stages of their life–because they have chosen to give it their best.

It is important that you gain a real understanding of the following paragraphs as it can allow you the opportunity to pursue the success that you desire in a manner that allows you to win continuously during your lifetime.

Knowledge of what needs to be done…

It is important that you have knowledge of what you need to do to make your wealth building (and life) dreams materialize during your relatively short stay while here on planet earth.

That all starts with knowing what you need to do in clear and cohesive terms so that you will know what you need to focus on–and move to action on–during the various stages of your life.

Action plan to do what needs to be done…

You must know that by preparing in advance by properly establishing an emergency fund at the earliest time possible you are showing a real desire to achieve long-term success.

Even though conventional wisdom says that a three to six month emergency fund is appropriate you may have a need for an even greater amount in your emergency fund.

If you are a business owner, real estate investor or you like to invest in the markets more aggressively than the average investor you may have a need for an even greater amount in your emergency fund.

In addition, you want to prepare for your future properly, therefore you must know your inflow and outflow of cash on a monthly and yearly basis as well as having a real understanding at the earliest time possible of your net worth and what you can do to increase your net worth more efficiently.

Furthermore, you must have mastery of how you manage your credit so that you can know if you can possibly manage your credit more effectively.

In addition, you must take action in a comprehensive way by looking at and improving your finances in all areas so that you can achieve more throughout your lifetime.

Constant review and improvement where necessary…

Even though you may have done all of the above, or plan on doing so–the journey does not end there!

You must prepare your mind for systematic reviews of your finances so that you can make adjustments and improvements where necessary.

You cannot do like others who get complacent and comfortable about where they now are and show no initiative to move forward in a better or more efficient way.

You must see the relationship among personal financial statements, credit management and the management of your finances in all areas. By doing so you can achieve far more and put yourself in position to do what you enjoy on a more frequent basis while you are here on earth.

Conclusion

By preparing in advance whether it be your finances or any other area of concern that you may have you open up the possibility to achieve far more during your lifetime and you put yourself and your family in a better position for short and long-term success.

If you are a college student, just entering or leaving the job market, a seasoned veteran on your job–or you are trying to find a better way to manage your finances you must realize at this time that it all starts with preparing your mind for what you desire to occur in your future.

By preparing for your “wealth building success” you can put your mind and heart in position to give it your best.

All the best as you give deep thought to your future of unlimited success…

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Field of Sight & Wealth Building

Posted on March 15, 2020 by TheWealthIncreaser.com

Learn why on many occasions you can’t achieve the wealth building goals that you don’t see clearly…

In the current economy many are uptight and have a certain level of uncertainty about what lies ahead for varying reasons.

In spite of what is occurring in your country and on the world stage it is important that you have in “your field of vision” what you want to occur most in your wealth building future.

In this discussion TheWealthIncreaser.com will discuss the power of focus and concentrating on the goals that you desire in your and your family’s financial future.

In the following paragraphs you will learn what you need to have in your “field of sight” if you desire to make the financial goals that you desire happen in a more time-efficient manner. It is important that you have a “clear view of what you need to do” to make your dreams come true.

This discussion is designed to get you started fast on your journey toward achieving what you desire in a manner where you encounter fewer roadblocks because all obstacles have been cleared out of your way–and you can see what lies ahead clearly.

View of the steps that you need to take…

You must see clearly how you can use financial statements to reach your goals in a more efficient manner. Your usage and understanding of a personal cash flow statement can help you plan and reach the goals that can make a real difference in your quality of life.

By having clarity or a clear view of what you need to do–you set yourself up for making your dreams come true.

You cannot effectively address what you don’t see, therefore, “how credit operates” is something that you must see–if you desire to be all that you can be. You must have mastery of your credit so that you can achieve more during your lifetime if you are one who have a need or desire to achieve more.

You cannot strive to reach what you don’t see, therefore you want to know all areas of your finances that you must address–so that you can strive to reach a higher level of success.

By knowing what you must address you put your mind in position to look at your insurance, investments, taxes, education planning, emergency fund, estate planning/wills and retirement planning in a more balanced and beneficial way where the advantage can go in your favor as opposed to creditors and others.

Clarify that what you see is what is meant to be…

Is the inspiration that you see true inspiration and what you should act upon or is the inspiration something that you should take a pass on? Are the goals that you desire to achieve really what you should go after?

If what you desire is something that you should act on you won’t feel insecure or doubtful about what you are about to embark upon. Quite the contrary, you will joyfully pursue what you desire and do all that you can do as you reach higher.

If what you see is what is truly meant to be you won’t be fearful and afraid to move forward. Quite the contrary, you will be moved in a focused and sincere way to move forward–starting today.

Vision of your mindset or mental toughness to achieve what you desire…

You must see yourself thinking through what you need to do to make your financial dreams come true. You must have a view of your future where you see “what you desired to achieve” has already occurred–and you are in effect experiencing at the time of your thoughts the reality of “what you visualized” to occur at a future date.

You must determine if what you see is what is truly meant to be. You do so by giving serious deep thought to what you desire most so that you can gain the strength that you need to put into action what you see.

You must see yourself on a daily basis doing the work that is necessary to make what you really desire occur in real time. Do you see yourself occasionally looking at your finances in an intense manner and making improvements where necessary? That is the mindset or mental toughness that is needed by you if you desire to achieve consistent success throughout your lifetime as you build wealth.

Conclusion

It is important that you look out into the horizon and see what lies ahead as far as your financial future is concerned.

You must see yourself achieving whatever it is that you want to occur both in your financial life and outside of your financial life! You must bring into “focus” or “your field of vision” what you want to pursue in a sincere and never relinquishing way–starting today.

By frequenting the links on this page, you can bring into your “field of vision” a real pathway to achieve and reach your destination in a way that allows you to give it your absolute best–consistently.

You can visualize a new way toward achieving success and you can gain the determination to always give it your best.

TheWealthIncreaser.com asks that you make a real commitment to dig within–so that you can win and achieve what you desire again and again.

All the best, as now is the time that you truly see success.

Now is the time that you do it right, because the success that you desire is within your field of sight.

Arm yourself with the right knowledge and go out and achieve your dreams!

Achieving the success that you desire is no longer as hard as it seems.

All the best to a lifetime of success–in large part because you decided to give it your absolute best…

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Due Diligence & Wealth Building

Posted on March 11, 2020 by TheWealthIncreaser.com

Learn why you must do your due diligence before, during and after you build wealth…

In this month—which is special as it was the month that the creator of TheWealthIncreaser.com came into the world, the topic of due diligence kept coming up as a topic that should be discussed at this time.

In the words of Satchel Paige “it’s about mind over matter” and age does not matter if you don’t mind–or something to that effect. In a similar manner but with an opposite twist–you must do your “due diligence” on the front end so that you can avoid financial mishaps on the back end (give it your best now–so that you can relax later).

As the creator of TheWealthIncreaser.com turns over another year it is also appropriate that you also turn a new page in your life and do the “due diligence” that you need to do to prevent bad things from happening to you.

Questions you need to ask on the front end…

Are the financial advisor(s) or company that you seek to represent you reputable? Are they operating on a fee basis or commission basis or a combination of the two?

Are you comfortable that those who you choose to represent you–can do what you want them to do?

You must get to a point where you can smell it and see it coming when it comes to fraud and unscrupulous behavior of those who represent themselves as seasoned pros in the various financial arenas.

Are those that you choose to assist you with your finances or otherwise choose to represent you competent—based on experience that can be verified? Does the company have a track record of success. Does the company or advisor offer you the ability to meet with them in a comfortable environment to see if you are a good fit with them–and they are a good fit with you?

You can guard against and lessen the effect of financially adverse situations if you have a “financially alert mind” and you stay informed about the financial affairs in your life.

You must do what is reasonable and expected when you are choosing a financial advisor or planner.

You must also do what is reasonable and expected when you are in the process of building wealth and that includes knowing your monthly and annual cash flow, managing your credit wisely and knowing all areas of your finances that you must address. All of those topics will be addressed in the following paragraphs.

Questions you need to ask about your Cash Flow…

You must know how your cash flows into and out of your household on a monthly and annual basis if you desire to manage your finances more effectively.

By knowing how you manage your finances you open up in your mind the possibility of managing your credit and finances more effectively.

Did you create a cash flow statement that allows you the ability to see how your cash flows into and out of your household on a monthly basis so that you can know how much you have left over (if any) on a monthly basis?

Are you interested in knowing how your cash flow looks on an annual basis? Do you have a desire to know what your assets are and what you owe so that you can know your net worth or how well (or poorly) you are doing financially?

Questions you need to ask about Managing Your Credit…

You must also know how you manage your credit and finances on a monthly and annual basis. You must have working knowledge of the “5” credit factors and how you can use them to your best advantage now–and in your future.

Why must I pay my debt on time consistently and keep my utilization of my available credit at an acceptable level? Why must I keep my inquiries low and have a credit mix as opposed to just one type of credit and how can my knowledge of all of that better serve the goals that I desire?

By knowing and applying the “5” credit factors you can direct your life and avoid financial strife.

You can control creditor’s as opposed to giving creditor’s the steering wheel and directing your life.

Questions you need to ask about Addressing All Areas of Your Finances…

You must know the questions you need to ask yourself and you must also know the questions that you need to ask your financial planner or advisor, if you have a desire to use one in your future.

Furthermore you must do your best to obtain a financially alert mind as it will allow you to think and act in a proactive and more informed manner as you move toward achieving your goals.

You want to make it a point to understand and review your insurance, investments, taxes, emergency fund, education planning, estate planning/wills and retirement planning on a scheduled basis.

By doing so you can put your mind in position to maximize your finances in the above areas and ask the right questions along the way so that you can achieve more throughout your lifetime while you are here on planet earth.

By doing so on a consistent basis you put in motion what is needed to enjoy your future on terms that are more favorable to you and your family.

Conclusion

By doing what you need to do at the various stages in your life you can put yourself on a path to achieving at a much higher level as you move toward achieving the goals that are meaningful and significant to you and your family.

You now know what is reasonable and expected of you if you desire to build wealth. You now have an opportunity to manage your finances in a more effective way.

By getting out in front of your finances you are approaching your future in a more intelligent, consistent and proactive manner.

It is important that you make it a point to bring into reality a brighter future for you and your family and it all starts by doing your due diligence or what you need to do in a proactive manner as you build wealth.

All the best to a lifetime of success…

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Patterns of Success & Wealth Building

Posted on February 23, 2020 by TheWealthIncreaser.com

Learn how doing what needs to be done on a consistent basis can lead to greater wealth building success throughout your lifetime…

In the current economy it is your responsibility to determine a path to success that will work for you and your family. In this discussion TheWealthIncreaser.com will look at steps that you can take to make your wealth building dreams come true.

There is no need for you to stress as you too can choose to give it your best and achieve wealth building success.

You must ask and answer the right questions as you build wealth and the following paragraphs are designed to point you in that direction and lead you on a path to the success that you desire–or need to achieve.

Operate over time in a consistent manner…

You must come up with a way that you can achieve success on a consistent basis. You must realize that many who have visited this site on a consistent basis have achieved wealth building success and you can do the same. Even so, you must still use your intelligence to search out other sites to see if you can find a wealth building site that more appropriately aligns with your money management personality.

If you pay off your debt consistently, invest consistently and plan for what is in your future on a consistent basis, you open up the possibility to achieve far more at the various stages in your life.

Put in action what will take you to where you need to be…

It is one thing to know what you need to do to achieve success, however it is a totally different thought process (by measure of magnitude) to actually decide in a “sincere manner” to put into action what you know you need to do.

You must take decisive action on making the dreams and aspirations that you have at this time come into fruition at a time and in a manner that is of your choosing.

You cannot have a reactionary approach or respond after the fact when you are in a difficult financial position. Now is the time that you obtain a “financially alert mind” so that you can put in practice what you need to do in a proactive manner so that the odds of success turn in your favor.

Always know the steps that you need to take to achieve the success that you desire…

You must know the steps that you need to take and you must put into action what you know will take you toward the results that you desire.

Your understanding of financial statements and how they can assist you personally in your wealth building efforts cannot be overstated. Your mastery of “the 5 credit factors” can put you on a positive path to credit and finance management throughout your lifetime.

Your understanding of “all of the areas of your finances” that you must address will put you far ahead of those in the general population who don’t even have a clue–of what they need to do–to make their financial dreams come true.

Conclusion

By knowing the steps that you need to take on a consistent basis you can work toward reaching your goals in a more efficient and effective manner.

You no longer have to wonder, hope, wish and not know what lies ahead as it relates to your financial future!

By understanding the steps that will lead to success and putting them into action you are learning from those who have done it in the past, therefore you don’t have to learn from your mistakes–but instead can learn from the steps that others have taken to achieve major success!

Keep in mind that there are many “patterns of success” as it relates to wealth building!

It is your responsibility to determine what system or approach will work better for you and your family–whether it is the system or approach on this site–another site, other sources or one that you create yourself.

It is the desire of TheWealthIncreaser.com that this discussion has at least “opened up your mind to new possibilities” as it relates to your wealth building future and put you on a forward moving path toward achieving what you desire or need to achieve in the coming years and throughout your lifetime.

All the best toward achieving at a level that is your absolute best as you find your pattern of success…

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GPS & Wealth Building

Posted on February 15, 2020 by TheWealthIncreaser.com

Learn how to set Goals, Plan for your financial future and use the Success qualities that you have within you to build wealth consistently throughout your lifetime…

In the current economy it is more important than ever that you set your GPS so that you can go in the right direction so that you can achieve or reach the location that you desire or need to achieve during your lifetime. It is important that your mind or mental thought process is not in a rat race, but instead is in a good space so that you can go to the right place!

Reaching the Goals that you desire and Planning for a Successful outcome doesn’t have to be a lonely, less traveled road for you and your family if you approach the intersection armed with the right knowledge–and you know when to use caution and when to make the turn that is best for you and your family.

In this discussion TheWealthIncreaser.com will show you the importance of setting Goals, Planning for your future and using the Success qualities that you now have (or will soon cultivate) to move forward more efficiently and effectively as you build wealth.

GOALS

It is important that you set goals that are meaningful and significant to you and your family. It is also important that you dream big and not allow detractors and others to limit the goals that you set for yourself and your family.

What is it that you really want to achieve at this time, in 5 years, in 10 years and during your retirement years? By giving serious thought to what you want to occur in your future you provide the fertile soil that is needed to make those goals and dreams that are in your mind–happen in real time.

PLANNING

After giving serious thought to the goals that you desire you must put a plan in place to achieve those goals.

Even though thinking about your goals and planning them in your mind can be effective in many cases–a more effective and scientific approach is to put the goals that you desire in writing and put the plan of attack (how you will achieve your goals) in writing.

By using written plans with a “deadline for achievement” to achieve the goals that you desire you help magnify the goals in your mind and you increase the possibility and probability of reaching your goals exponentially.

SUCCESS

By giving serious thought to the goals that you want to achieve and by putting the goals and dreams that you have in your heart and mind in writing–you open up the atmosphere–and the direction that you will travel will be in alignment with where you need or desire to go.

You must see success in your future and you must cultivate your mind in a way that leads to improvement throughout your lifetime.

You must have integrity at all times and you must gain the focus, determination, commitment and other key success qualities so that you can move along at a more prosperous pace and achieve at a higher level throughout your lifetime.

Conclusion

By using the GPS that you now possess inside of your mind–you can achieve the type of success that is one of a kind. You no longer have to wake up daily and not have a plan of action. You no longer have to live your life with a high level of dissatisfaction. You can now use your GPS (your Goals, your Planning and your Success qualities) to gain traction–and move forward in a more definite way–starting today!

By using written plans that you helped create you are putting your heart and mind in the mix when it comes to building wealth.

By using the GPS that you now possess “you are stretching your mind and looking deep inside in a way that you have never done before” and by doing so reaching your goals will be much more likely to occur!

Don’t let anything hold you back at this time or in your future!

You now have within your heart and mind (or will soon get if you are determined to do so) a simple but highly effective blueprint of how you can use Goal setting, Planning and cultivating habits of Success to achieve at a higher level–and in many cases at your absolute best.

All the best toward using your GPS to attain success as you will soon arrive at the destination that is uniquely your own…

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Debt Payoff & Wealth Building

Posted on February 8, 2020 by TheWealthIncreaser.com

Learn how you can make debt work for you so that you can build wealth…

In this day and age it is important that you turn a new page and not live your life with rage.

Now is the time that you put a debt payoff plan in place so that you can achieve at all ages, increase your wages and turn new pages.

Even though you may now have credit card debt, you can “flip the script” and pay off your debt and use those payments to build wealth so that you and your family benefit (not creditor’s) for the remainder of your life and beyond.

You can leave a legacy for future generations and live daily with confidence because you decided to seriously confront your finances and you left all excuses behind.

In this discussion TheWealthIncreaser.com will show you how you can turn a negative situation such as debt payoff into a positive situation where you have over a million dollars in your account. Keep in mind that it won’t happen overnight, however you can put yourself and your family in position to make it happen in a real way.

Analyze Your Cash Flow

You must know your monthly cash flow position prior to starting on your debt payoff plan if you desire to pay your debt down in the most efficient and effective manner possible.

You must create a personal cash flow statement (budget) at a minimum and by doing so you will open up the possibility of paying off your debt in a more timely manner–if your discretionary income is at an acceptable level.

If your income is not at an acceptable level you may need to get more income or cut your expenses–or do a combination of the two if you desire to make your debt pay down or debt pay off dream come true.

Increase your Income

You must increase your income if you are now falling short of paying off your debt in a timely manner. You may have to get a second job temporarily to help pay off or pay down your debt in a timely manner or come up with other creative ways to increase your discretionary income.

In rare cases bankruptcy should be given serious consideration if your debt level is at an insurmountable level where the payoff will take greater than 5 years and you lack the means to pay off the debt.

This approach should normally be considered as a last resort after you have exhausted all other means as your credit will be severely affected for years–however you can make an effective recovery after bankruptcy if you are committed and you have an effective action plan.

You also want to use this approach (if necessary) “prior to” depleting your retirement and other financial accounts, therefore it is important that you get professional advice in a timely manner if you are currently in a difficult or distressed financial position.

Cut Your Expenses

In some cases you may be able to cut your monthly expenses by spending less, getting on budget or levelized billing for your utilities and looking at your variable expenses to find areas that you may be overspending in such as entertainment, clothing and the like.

You must look at ways that you can reduce your bills or cut expenses and the money saving can be used to reduce debt and/or achieve other goals that you and your family may have.

Pay Your Credit Card Debt Off in an Efficient Manner

You must come up with a debt payoff plan that is reasonable based on your lifestyle, realistic based on your ability to pay and has a definite deadline for achievement that is also reasonable.

You can choose from a number of payoff options such as smallest balance to largest balance (snowball approach) or highest interest rate to lowest interest rate (avalanche approach) and many other approaches that fall in between. The real key is do you have the motivation at a high level and are you determined to pay off or pay down your debt so that you can do xyz?

Why do you want to pay off this debt that you have? Is the “why” enough of a motivating factor to keep you “locked-in” on your payoff schedule so that you can do what you desire in your future–including saving more aggressively for your retirement years?

Use Your Payments that You Were Using for Debt Payoff (along with other income) to Build Wealth

Once you pay off or pay down your debt you can use those payments that you were using to pay off your debt to build long-term wealth.

You can use the same discipline that you have become accustomed to with your debt payoff efforts to invest monthly for a consistent period of time whether it be 10, 20 or 30 years–or any time period that you desire that will take you toward the goals and objectives that you desire or need to achieve.

You can also use future salary or wage increases and other financial windfalls that may come your way to help build wealth more efficiently during your lifetime.

Conclusion

By paying off or paying down your debt at this time you can start on a path to enjoying life in the manner that it should be enjoyed. You will put yourself in position after the debt payoff to use the funds to pursue wealth and help ensure a more prosperous retirement period once you age.

In a similar manner as those who promote “buy 20 year term life insurance and invest the difference” that you would be paying for whole life insurance over that 20 year period to build your future nest egg–so too can you use that same general concept when it comes to paying off your debt and building wealth.

For example, if you were accelerating your debt payoff ( credit card debt of $12,400) by increasing the amount from $300 per month that you would be paying for 10 plus years before debt payoff to $600 per month for 25 months or just over 2 years–you could continue to use that $600 per month by investing consistently for 30 years and at a return of 10% per year you could have well over a million dollars in a relatively painless way.

Keep in mind that whether you buy term and invest the difference or pay off your debt and invest the “payoff monthly payment that you were making” to invest for a designated period–the real key is that you must have the right mental faculties or mindset to stay focused and make it happen in real time.

You must realize that many start on a positive note by buying term and investing the difference–however, many also fail to go the distance–they stop or cut back on their investing activity and end up falling short of what they needed or desired to achieve–such as reaching their retirement number, saving for their dream home, investing for the educational needs of their children and many other scenarios that are played out in real time based on adversity that they face at the various stages in their life.

Don’t let that be you!

And it won’t be you, because you are aware of the need to create an emergency fund that is properly funded and you know why it is critical to do so at the earliest time possible because it helps you meet life’s emergencies without having to interrupt your long-term investing activity.

If you are now serious about eliminating or reducing your debt at this time you must sincerely look within and determine right now that you are willing to put forth a serious effort to pay down or pay off your debt consistently in a way that will lead to you reaching the goals that you desire or need to achieve.

You must always realize that while you are here on planet earth life happenings will always occur that can give your mind an easy way out as to why you “can’t” do what you need to do! In most cases they are nothing but excuses and your mind will accept those excuses if you allow your mind to do so!

The good news is that you can decide to to fight and not allow excuses or any other negative occurrence take your mind or mental thought process in the wrong direction during your lifetime.

Will you be in the group that allows adversity and the happenings of life to hold you back–or are you willing to move forward with an unstoppable force on the inside that says by your actions–I will be successful and I will achieve at the level that I desire?

Because you control your mind and the outcomes that are in your future–the goals that you are pursuing cannot and won’t be denied because you have put together a serious debt reduction action plan and you know that you have the commitment level that is needed at this time–based upon looking deep within and sincerely accepting the challenge.

You are fully aware that by achieving the goals that you desire you can create a more rewarding future for yourself and your family while on earth (and even when you transition your heirs can still benefit from the actions that you took) and bring the joy and happiness to your heart and mind that you need–and deserve.

Use your “new attitude” about your future success to pay down or pay off your debt and achieve any other goal that you may desire–starting today!

In closing, it is important that you realize that many of our past clients were unaware that they would be paying thousands upon thousands of dollars in interest for “many more years” than they anticipated if they continued on their “current” debt payoff trajectory.

By adding an additional amount to their monthly payment their debt payoff or debt pay down was accelerated to just a few years–as opposed to a 10 to 20 year payoff period.

If you are now fortunate to have discretionary income on a monthly basis you can use some or all of your discretionary income to pay down or pay off your debt and achieve other goals that you may have.

If you unfortunately don’t have discretionary income at this time you may need to:

1) increase your income on a monthly basis

2) cut your expenses on a monthly basis

3) do a combination of the two

You want to position your mind for continuous success and you do so by–seeing a realistic path toward making your dreams come true–and that is something that you now know how to do!

All the best toward your debt pay down and debt pay off success as you build your retirement nest and achieve other goals that will allow you to live at your absolute best…

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Confidence & Wealth Building

Posted on January 26, 2020 by TheWealthIncreaser.com

Learn why you must have confidence in what will happen in your future as you build wealth…

As we move along in this new decade many are attempting to make a serious turn in the direction in their life and achieve lasting success in the management of their credit and finances.

Speaking of turns, I had the unexpected occurrence of meeting one of my favorite athletes (Lee Haney earlier this month on January 18^th) after I forgot some grocery and had to return to the health food store.

As you turn in the direction of making your life more prosperous you must realize that a key component to achieving the success that you desire is how you look at your past, present and future. And it is more important than ever that you have confidence in your future regardless of the political and economic climate that you find yourself in.

In this discussion TheWealthIncreaser.com will discuss the importance of why you must have confidence in your future and will detail ways that you can take steps to bring the confidence that you now have or will soon gain–to build wealth now –and in the coming years.

It is important that you see success in all areas of your life and particularly in the area of your credit and finances!

You must want (in your heart and mind) to see how you can use personal financial statements to your advantage, know how you can master your credit effectively and know how you can address all of the important areas of your finances in a way that will take you to where you want—or need to be.

How you can use personal financial statements to your advantage…

It is beneficial for you to have the knowledge of how you can use personal financial statements for the greater benefit of yourself and your family. By knowing your monthly income and the monthly outflow of cash (cash flow) that you utilize to pay your monthly expenses you can get a clearer picture of how you manage your finances now–and how you can make improvements.

In addition, you want to see how your yearly income and yearly outflow of cash that you utilize to pay your yearly expenses affect your household.

A personal income statement will help you do just that and will also provide you an even clearer picture of your overall finances and where you can possibly go in your future.

In addition you want to take a serious look at your assets and your liabilities so that you can determine your net worth and a balance sheet will assist you in this process.

Your net worth is a key metric that can be used at the various stages of your life to help you see how you are doing financially!

By doing the above you are showing a real commitment to improve your financial condition and the success or goals that you desire to occur will be made more realistic for you if you utilize the knowledge gained from those statements in the right way.

You will put yourself in position to operate daily with more confidence and optimism and a feeling of joy can live inside of your heart and mind on a continuous basis.

How you can master your credit effectively…

It is important that you have working knowledge of how you manage your credit and how you can manage your credit more effectively. You must have a “meaningful understanding” of how credit works and you must have working knowledge of the “5 credit factors” so that you can apply that knowledge throughout your lifetime.

By keeping your “payment history positive” and your “utilization rate” or the amount of your available credit that you use below 15% you will be on a good path toward credit management.

You must also manage your credit effectively “over time” and you must have several “types” of credit (your credit mix) and seek new credit sparingly to keep your “hard inquiries” at an acceptable level if you desire to maximize your credit and credit score throughout your lifetime or during the period in your life that you desire to utilize credit.

How you can address all of the important areas of your finances…

It is important that you know what you must address financially and you must use that knowledge to actually manage the areas of your finances in a comprehensive manner and in a manner that is more beneficial for you and your family.

You must insure that your insurance coverage (no pun intended) in all areas that can benefit you has at least been looked at–and where appropriate added to your insurance profile. You must invest both inside and outside of your retirement accounts so that you can achieve the goals that you desire.

You must minimize the taxes that you pay in as effective a legal manner as possible. You must establish an emergency fund that is appropriate for you and your family.

You must establish an education plan for your children if necessary at the earliest time possible, and finally you must complete your estate plan/will(s) in a timely manner as well.

Conclusion

Your determination to look at your finances in a proactive manner can lead to you gaining “added confidence” in the way that you look at and respond to financial occurrences at this time and throughout your lifetime. There is no reason to fear your financial future or let distractions in your life rule the day.

Now is the time that you use your “new found or newly created confidence” as it relates to your finances to worry less, let go of anxiety, leave frustration in your past, put forth more effort, and leave all excuses behind.

By using personal financial statements, mastering your credit and improving your finances in all areas you can confidently look at your future and pursue the success that you desire in a more definite way. You can then pursue other goals or your life purpose in a manner that is empowering and can really take you to where you need or desire to be.

It is important that you understand what is best for your long-term financial health and you must organize your thoughts with awareness of where you want to go and you must have a steady confidence as you move toward where you want to go!

It is you who must organize your thoughts and find the best route to long-term success based on your goals and dreams!

Even if you are on a prosperous path toward financial success you must still pursue your goals with passion and always know that adversity or unwanted happenings will occur during your life.

However, it is you who must find a way (possibly with the assistance of others) to come through your adversity and recognize that you are now stronger and you can achieve more.

You must realize that adversity has occurred and you can grow from it if you believe you can and you take steps to make it happen.

You must gain or regain your confidence and move forward!

You must be “proactive” (notice the emphasis on proactive), formulate and execute your goals in a manner where you have the right frame of mind (cultivate success qualities to a higher level in your life) as you build wealth.

All the best toward your increased confidence, starting today…

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