Editor’s Note: There’s $100 to be won in our Get Out of Debt FAST Contest. Submit your tips via our comments box. On Nov. 1, we’ll select the best tip – and pay the person who submitted it a nifty $100 US.
Copyright (c) Derek Clontz/4-Page Media, Inc. All rights reserved.
YOU CAN make more money, pay off your debts without chopping up a single credit card and live high on the hog day after worry-free day with rock-solid tips from ordinary people just like you.
Derek Clontz
And you don’t have to invest a million dollars in high-risk stocks, stop buying clothes for your children or treating yourself to nights on the town to turn your finances around, either.
All you have to do is listen to some common-sense advice and real-world tips offered up by men and women who decided to stop slaving their lives away for greedy bankers and collection agencies and start working and spending smart for a change.
By applying one or more of these simple principles in your life, you’ll soon find yourself strutting around town with cash in your pocket, shopping when you want to shop and buying what you want to buy and still paying every bill on time.
Your World Report publisher and 4-Page Media, Inc. president Derek Clontz says thousands of men and women have gotten out of debt fast by using multiple cost-cutting strategies they read about in newspapers and magazines or dreamed up themselves.
Here are 12 of those “real world” strategies from the breakthrough financial report, 55 Fun Ways to Make More Money, Get Out of Debt – and Live Like a King, (4-Page Media, Inc.).
1. Get serious about suing somebody. A fascinating new study suggests that the average American will be the victim of negligence or an accident that legally qualifies him to receive money on three different occasions over the course of his life. But only one in 10 will take legal action. The bottom line?
If you’re hurt in an accident or by someone’s negligence, don’t be “Mr. Good Guy” or “Mrs. Milquetoast.” Get the best lawyer you can afford and demand the cash settlement you deserve. Pay off credit cards, write a check for a new car to avoid finance and interest charges, splurge a little and invest the rest of your windfall. In one fell swoop, your financial future may be assured.
“I was so deep in debt I was sure bill collectors were going to chase me into an early grave,” said Melinda Rashama, of Trenton, N.J. “If I hadn’t slipped on that wet floor in the movie-plex, I’d probably still be in debt today.”
2. Help friends – for a price. This little-known but excellent strategy will not only earn you the extra money you need to pay down bills, it might develop into a lucrative – and easy – new job.
Tell friends and relatives who are in business that you’ll send customers their way – for a percentage of sales. Chances are you’re going to refer people to them anyway – you might as well get a cut of the profits. “It’s the American way,” says Mary Strehln, who started out sending customers to her brother’s lawn service for a 5 percent cut of the profits and now is on the unofficial payroll of 22 other small businesses in Minneapolis.
“I average $600 a month just keeping my ears open and not being afraid to express my opinion. If I’m standing in line at the supermarket and hear someone say he needs a new sofa or car repair or whatever, I chime in with a recommendation, and give them a business card for the company I’m recommending. It’s the easiest money I’ve ever made.”
3. Shill for companies in return for BIG-TICKET FREEBIES like cars, major appliances and lifetime supplies of foods and personal-care items. Make a habit of writing glowing letters and testimonials for products you use every day – cars, shampoo, computers, refrigerators, soft drinks, food, motorcycles, bedding, you name it.
You’ll be surprised to find out firsthand how lavish big companies can be in rewarding people for testimonials – a lifetime supply of soap, a new laptop computer and even a new range, refrigerator and car are not out of the question.
“I bought a pre-owned 1996 Toyota Corolla from a dealer here in town and was so happy with the car and the salesman that I wrote a letter to the owner,” says Fred Tolert, of Gaffney, S.C.
“Two days later he told me to drop by the lot because he had `a little something’ for me. That little something was a 2002 Lincoln Navigator – and free oil changes for life. All I had to do was agree to let him use my letter in his advertisements.”
4. Get yourself EVEN DEEPER in debt! It sounds crazy, but study after study confirms that you can expect to earn an extra $1 million over the course of your career – more than enough to get out of debt and live high on the hog – after you earn and apply your 4-year degree.
Unless you’re just too old to go back to work, taking out student loans to pay for more education makes good financial sense, financial experts say.
“I took out $60,000 in student loans and it sure paid off for me,” says Leslie Playor, of Read the rest of this entry »
