Saturday, April 05, 2008

'In the Nick of Time...'

Recently arrived in my email:

~~~~~~~BEGIN EMAIL~~~~~~
"We're in a Race Against Time! This is the central theme
of the DIW methodology. Speed is an essential component
to successful realization of the fruits of Debt Freedom.
It is not a casual stroll.

While we're paying off debt, time is our enemy.
In time, some calamity or another will threaten
our ability to make debt payments, and our
financial security.

Friday's unemployment report reveals 80,000 U.S.
workers lost their jobs in March. The unemployment rate
rose to 5.1%, the highest since September 2005. Many,
if not the overwhelming majority, of these workers have
debt, have children, and a non-working spouse. They have
lost this race against time. With luck, they may find another
job and another opportunity to start the race... anew... but
much farther behind.

Coincidentally, a friend of 24 years called on Friday.
He had been offered a generous severance package
in exchange for giving up his hi-tech job after 14 years of
service... and agreeing not to sue the company.
It took him about 3 seconds to decide to take the money
and run. Next month he'll be a statistic in April's
unemployment report.

He has a 4-year old child and a non-working spouse...
but he has no debt.

Almost one year ago to the day of his layoff notice, he paid
off their last remaining debt, their mortgage. His family has
been living debt-free ever since, and stuffing their savings
accounts with all of the cash that used to go to debt payments.
Coupled with his severance, this is enough cash to pay for
their reduced cost of living expenses for 3 years or so.

He achieved Debt Freedom in the nick of time.

He knows he must find another job. Children aren't cheap.
But... he has time.

If you're casually strolling your way to debt-freedom,
you're losing the race.

-------------------
Greg Moore is the Creator of the Wealth Building System
'DebtIntoWealth -- Lessons from My Journey to Debt Freedom'

"My husband is due to retire from the Navy in just two
years at a young 42 years old, and right around then,
using your system, we'll be completely debt free, which
means we could literally never have to work another day,
if we choose." -- Andrea Davis, South Korea

Get YOUR plan to get Debt Free today! Click:
http://www.debtintowealth.com/debttrap.html

DEBTINTOWEALTH.COM
~~~~~~~END OF EMAIL~~~~~~

Disclaimer from LaVeda: The links are not affiliate links, nor is this a paid post. I received this email, and I thought that the principle discussed was worth passing on, whether or not you use this system or a different one to get out of debt. (I haven't used the program, either.)

Anywhoo...

Why am I posting this?

Mainly because financial stability means the difference between whether Murphy just pops in for a minute, or brings 'extended visit' luggage :-)... and financial stability also brings peace of mind when the wolf comes knocking at the door.

Reduction/elimination of financial fear... it's a good thing :-)


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