Debt to Wealth
Copyright 2021 by Ross W. Jardine and Parker Jardine
All rights reserved. Printed in the United States of America. No part of this book may be used or reproduced in any manner whatsoever without written permission except in the case of brief quotations embodied in critical articles or reviews.
For information or to schedule a speaking engagement with the authors, contact:
Pfeifferhorn Press
Ross W. Jardine
Rossjardine.com
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ISBN: 123456789
First Edition: August 2021
Disclaimer:
All the information contained in this book Debt to Wealth - is published in good faith and for general information purpose only. The Authors do not make any warranties about the completeness, reliability and accuracy of this information. Any action you take upon the information you find on this book is strictly at your own risk. The Authors will not be liable for any losses and/or damages in connection with the use of any information contained in this book. Before making any financial decisions or purchasing any financial products you should consult a licensed financial professional to determine the suitability for your specific situation.
CONTENTS
Many people take no care of their money till they come nearly to the end of it.
--Johann Wolfgang von Goethe
LIKE IT OR NOT , money is a part of life, and a lack of money is a significant source of stress for many Americans. Its been said money cant buy happiness. While that may be technically true, a lack of money to cover your basic needs both now and in retirement can make for a very unhappy, stress-filled life.
Most money problems tend to be self-inflicted. Despite the problems we create for ourselves, Im convinced that everyone would make better choices with their money if they only knew a better way. Money problems are typically the result of a lack of knowledge, not a lack of good intentions.
Most people will have enough money pass through their hands during their lifetime to live comfortably and still be able to save something for retirement, yet more than half of Americans will fall short of their retirement goals. Why? Its typically because of the spending, saving, and investment choices they made during their lifetimes and specifically during their working years. If you make wise choices with how you spend, save, and invest your money, youre likely going to be just fine when it comes time to stop working and send your money to work in retirement.
Over the course of our professional careers, weve had the opportunity to teach and interact with literally tens of thousands of individuals from every walk of life who are trying to manage and figure out their own financial destiny. When you cut away all the clutter, there is a common theme in the lives of those who succeed financially. They learned early in their lives how to avoid debt and funnel a majority of their discretionary money into their savings and retirement plans. In our experience, financial success has more to do with DOING SOMETHING than with the actual investments you make.
You dont have to make a lot of money to end up with enough in retirement to live comfortably. Its all about how you manage your spending decisions and making a commitment to saving some of what you earn in the future. The money you need to build up your retirement account is currently being wasted in the form of credit card, car, and student loan payments. In this book, well share with you the strategies you need to convert all those payments youre making on those credit cards, cars, boats, vacations, and student loans into additional contributions to your retirement plan. Just imagine having an extra $500, $1,000, or $2,000 per month to invest in your future and being completely debt-free.
This miraculous conversion will happen faster than you ever thought possible if you follow the simple plan outlined in the first part of this book. Next, in Part 2 of this book, well show you how to put all those converted debt payments to work to build a stream of tax-free income that will give you confidence that you wont outlive your money no matter what happens in the stock market.
This simple proven strategy has been used for decades by wealthy individuals and families like Walt Disney, JC Penney, and many others. The good news is that you dont have to be wealthy to get the same benefits for yourself. You can start small and build your tax-free income over time. Converting just one or two of your debts will give you enough to get started. This strategy will help you make your money grow consistently over your lifetime (regardless of whats going on in the stock market) so you know exactly how much youll have in retirement.
Our goal in writing this book is to show you a simple way to turn what is typically the biggest obstacle to financial success (Debt) into the solution to your biggest financial challenge (Building Wealth). Given the impact of the COVID-19 virus on the finances of millions of individuals and businesses, the strategies youll learn in this book have never been more important.
We wish there were a magic pill that could solve all of our money problems. Its simply not that easy. Money problems seem to follow most of us like a shadow. The good news is this book is filled with solutions to help you get out of debt fast and start building real wealth for you and your family. Unfortunately, most people wait too long to deal with their money problems. Much like the warning signs of bad health, the longer you wait, the fewer options there are to help you get back on track.
Most people are totally unprepared for retirement because of the choices they made during their working years. Retirement just seems so far away for most people that its easy to procrastinate. Once you reach retirement age, its too late to overcome those poor choices. The clock has run out, and youre stuck with what you were able to save and any gains you earned from your investments. For most Americans, if they have anything at all, its typically not enough to sustain even a simple lifestyle once they stop working. They will either have to continue to work into their retirement years or depend on the government or other family members to get by.
Right now, youre likely separated from your dream of a better life by a huge canyon called debt. You can see that better life on the other sideand youre willing to do anything to get therebut youre standing on the opposite side of the canyon with your toes hanging over the edge, and you cant see any way across. This book can help you get there. It contains the tools and strategies youll need to build the bridge across that canyon. Doing so will take some work and sacrifice. It wont happen tomorrow. There will likely be a few bumps in the road along the way. But the peace, satisfaction, and security will make the hard work worth it.
There is no such thing as a get-rich-quick program. Weve seen them all, and they simply dont work. The formula youll learn in this book is what we like to call the "get-rich-eventually" approach. We might sell more books if we told you these magic strategies will get you out of debt in a year and make you rich in a decade, but it wouldnt be true.
If youve got some personal consumer debt, and youre worried about having enough money in retirement to live the lifestyle of your dreams, this book was written for you. Were going to show you how to make a few simple changes in the way you manage your money to convert that debt into money you can use to build real wealth. Once you make a few simple changes to your money routines youll gain the confidence that youll have all the money you need when you retire.