Transforming Debt Into Wealth

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Over 2,000,000 people have learned these debt free secrets, and now it\'s your turn!

Stop being a prisoner of debt today! Discover how good it feels to wake up each morning knowing you own your car, house, and everything you have, and you don\'t owe a penny to anyone. No more bills in the mailbox.

This method transforms your debt into wealth - growing to $1 million - using nothing more than the money you\'re currently earning. Thanks to the best-kept secret of the investment industry, you\'re in control of your life: free, financially independent - enjoying peace of mind, knowing your family is safe and you\'re set for life!

Before you try our method, see how it works and see the proof for yourself.

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Transforming Debt Into Wealth

  1. 1. 1<br />TransformingDEBTintoWEALTH<br />How you can achieve<br />TRUE financial freedom... <br />using the money you <br />already earn!<br />
  2. 2. © Spencer, Spencer & Associates Consulting Group 2009<br />2<br />We will be looking at...<br />Some popular MYTHS about debt and building real wealth…<br /><ul><li>That just earning more money will solve your financial challenges
  3. 3. That credit cards and unsecured loans are the only debts you should be concerned with
  4. 4. That consolidating your debt and lowering your payments alone will get you out of debt
  5. 5. That paying off debt is not your best investment
  6. 6. That you should not pay off your mortgage</li></li></ul><li>© Spencer, Spencer & Associates Consulting Group 2009 2009<br />3<br />And we will be looking at...<br />How we provide some practical SOLUTIONS to help you…<br /><ul><li>Get completely out of debt
  7. 7. Rapidly pay off your mortgage, and if you don’t own a home right now, how to get one, and pay it off
  8. 8. Start building wealth immediately with guaranteed returns that beat most traditional investments
  9. 9. Permanently avoid the credit traps that ensnare most people and keep them from succeeding financially
  10. 10. Achieve your financial dreams and goals, using the same money you’re earning right now </li></li></ul><li>© Spencer, Spencer & Associates Consulting Group 2009 2009<br />4<br />What's on YOUR Financial Freedom<br /> Lifestyle To-Do List? <br />Travel and visit the kids?<br />Take up a hobby?<br />Play golf daily?<br />Alaskan cruise?<br />Home in the country?<br />Pay for the kid’s education?<br />Help needy people?<br />What’s YOUR Dream?<br />
  11. 11. © Spencer, Spencer & Associates Consulting Group 2009 2009<br />5<br />A U.S. Department of Health & <br />Human Services Study says . . .<br />Out of every 100 people born, after 65 years . . .<br />25 are dead<br />20 have incomes under $6,000<br />51have incomes of $6,000 to $35,000 ($12,000 median income)<br />4 have incomes over $35,000<br />That’s where YOU want to be!<br />
  12. 12. © Spencer, Spencer & Associates Consulting Group 2009 2009<br />6<br />U.S.A. Today <br />A USA Today article dated May 8, 1995 stated:<br />You will need <br />$1 MILLION to Retire<br />
  13. 13. © Spencer, Spencer & Associates Consulting Group 2009 2009<br />7<br />Monthly savings required to meet<br />your Financial Freedom goals <br />
  14. 14. © Spencer, Spencer & Associates Consulting Group 2009 2009<br />8<br />Are you saving enough right now?<br />Most people aren’t….but what if you had…<br /><ul><li>NO mortgage payments?
  15. 15. NO car payments?
  16. 16. NO credit card payments?
  17. 17. NO debt payments of any kind…</li></ul>Then would you be able to save enough to reach your financial freedom goals?<br />
  18. 18. © Spencer, Spencer & Associates Consulting Group 2009 2009<br />9<br />Do I need to earn more money? <br />Most people think that if they could just earn a little more money…<br />THEN they would be able reach their financial dreams<br />But the truth is…<br />
  19. 19. © Spencer, Spencer & Associates Consulting Group 2009 2009<br />10<br />You're already a Millionaire in the Making. . .<br />($25,000 x 40 years = One Million Dollars!)<br />But then… where is it all going?<br />The average American with average debt:<br />January 1 to May 13 pays taxes<br />May 13 to September 28  pays credit interest<br /> What’s left?<br />October  November  December<br /><ul><li>Groceries
  20. 20. Utilities
  21. 21. Medical bills
  22. 22. Mortgage
  23. 23. Clothes
  24. 24. Kid’s education
  25. 25. Cars
  26. 26. Entertainment
  27. 27. Other expenses</li></ul>And don’t forget to save for your future!<br />
  28. 28. © Spencer, Spencer & Associates Consulting Group 2009 2009<br />11<br />How your hourly wage is affected...<br />Average hourly wage=$15.00 per hour<br />Subtract all taxes $5.45 per hour<br />Subtract credit interest $5.65 per hour<br />REAL take home pay=$3.80 per hour<br />
  29. 29. © Spencer, Spencer & Associates Consulting Group 2009 2009<br />12<br />"Consumer" or "Wealth Builder?"<br />Consumer defined:<br />One who“consumes.<br />Webster’s dictionary defines the word, consume,“to take, to do away with completely, to waste, to squander”<br />Wealth defined:<br />“A person’s ability to survive so many days forward without working.” - Buckminster Fuller<br />How long could you survive without working?<br />
  30. 30. © Spencer, Spencer & Associates Consulting Group 2009 2009<br />13<br />Let's look at what drains<br /> our wealth building potential...<br />Because if you truly want to make the transition from being a “Wealth Consumer” to becoming a “Wealth Producer” …<br />Then you will need to see how your spending affects your potential to build wealth…<br />
  31. 31. © Spencer, Spencer & Associates Consulting Group 2009 2009<br />14<br />The Monthly Payment Trap <br />Only $45 per Month!<br />6 Months<br />NO Interest!<br />* If paid after 6 months, interest is accumulated from first day. Interest is 23.6% annual rate.<br />
  32. 32. © Spencer, Spencer & Associates Consulting Group 2009 2009<br />15<br />The REAL Cost of Using <br />Your Credit Card<br />Example: A $2,000 furniture purchase on your credit card…<br />Will take 31 years and 2 months to pay off!<br />You will pay $8,202 in interest alone!<br />How will that sofa look when you finally pay it off?<br />
  33. 33. © Spencer, Spencer & Associates Consulting Group 2009 2009<br />16<br />What the credit card REALLY costs you...<br />If you invested the minimum payment in a mutual fund over the same 31 years, 2 months with an 8% annual rate of return…<br />The total wealth you would have accumulated instead is $66,000*!<br />* Purely hypothetical example: monthly payment of $40 for 31 yrs., 2 mos.; 8% annual rate of return<br />
  34. 34. © Spencer, Spencer & Associates Consulting Group 2009 2009<br />17<br />The Mortgage drain...<br />EXAMPLE:$200,000, <br /> 30-year mortgage <br />at 6% fixed interest . . .<br />You end up paying $431,676 in total payments for your home <br />$231,676 of that is in interest alone!<br />
  35. 35. © Spencer, Spencer & Associates Consulting Group 2009 2009<br />18<br />The mortgage that never goes away<br />After paying on this $200,000 mortgage for FIVE years…(30-year, 6% fixed)<br />You would still owe 93% of the balance ($186,109)<br />After paying for 10 years…<br />You would still owe 84% of the balance ($167,372)<br />It will take approximately 21 YEARS to pay off 50% of your mortgage<br />And what happens whenever you move and start over on a new mortgage?<br />
  36. 36. © Spencer, Spencer & Associates Consulting Group 2009 2009<br />19<br />What about the mortgage interest tax deduction?<br />What that means is this…<br />If you are in a 25% tax bracket…<br />For every dollar of interest you pay, you will get 25 cents back in interest tax deductions<br />You pay a dollar… get 25 cents back…<br />Does this sound like a good deal to you?<br />
  37. 37. © Spencer, Spencer & Associates Consulting Group 2009 2009<br />20<br />The wealth impact of paying off my mortgage?<br />Example:If you were to pay off this $200,000 mortgage 20 years sooner than normal…<br />You would save $165,609 in interest<br />If you invested the same mortgage payment ($1,199) for the 20 years you saved, and realized an 8% annual rate of return…<br />The potential Wealth Impact of paying off your mortgage early would be $706,235!*<br />* A purely hypothetical example; if you invested the same money in an investment earning an 8% annual rate return. For illustration only.<br />
  38. 38. © Spencer, Spencer & Associates Consulting Group 2009 2009<br />21<br />The REAL Cost of Car Payments<br />Make a $300 monthly car payment over your working life . . .<br />You will make $144,000 in payments over 40 years…<br />Invest the same $300 a month instead in a mutual fund with a 8% return for just HALF the time. . .<br />You could potentially build over $176,706* in wealth!<br />* A purely hypothetical example; if you invested the same money in an investment earning an 8% annual rate return. For illustration only.<br />
  39. 39. © Spencer, Spencer & Associates Consulting Group 2009 2009<br />22<br />Work related wealth wasters...<br /><ul><li>Eating out for lunch
  40. 40. $10 / workday
  41. 41. $96,000 expense over an average working life
  42. 42. Potential Wealth Building Impact: $698,202*
  43. 43. The Latte a day that keeps the wealth away!
  44. 44. $4 / workday
  45. 45. $38,400 expense over average working life
  46. 46. Potential Wealth Building Impact: $279,281*</li></ul>* A purely hypothetical example; if you invested the same money in an investment earning an 8% annual rate return. For illustration only.<br />
  47. 47. © Spencer, Spencer & Associates Consulting Group 2009 2009<br />23<br />So I can't spend any money?<br />We’re not saying you can’t spend any money on the things you want…<br /><ul><li>But we DO want you to be aware of the impact that each expenditure has on your ability to build your wealth…
  48. 48. NOT a non-spending plan
  49. 49. But a managed-spending plan</li></ul>And what if you just spend half of the amount you normally spend on these things?<br />
  50. 50. © Spencer, Spencer & Associates Consulting Group 2009 2009<br />24<br />When Consolidation Loans <br />Don't<br /> Work<br /><ul><li>Focuses on lowering monthly payments instead of actual debt elimination. This could mean you stay in debt longer.
  51. 51. You are INCREASING your debt with longer-term interest charges and closing costs.
  52. 52. You give up equity in your home without really solving your problem.
  53. 53. Creates temptation to charge up credit cards you paid off the balances on.
  54. 54. Consolidation loans, by themselves, don’t deal the REAL problem... WHY you got into debt in the first place.</li></li></ul><li>© Spencer, Spencer & Associates Consulting Group 2009 2009<br />25<br />When Consolidation Loans <br />Can<br /> Work<br /><ul><li>By incorporating the new consolidated loan into a disciplined debt-elimination plan.
  55. 55. By lowering your monthly payments so you can create the extra funds to accelerate your debt payoff.
  56. 56. BUT BEWARE!
  57. 57. Consolidation loans do not eliminate debt by themselves.
  58. 58. And without a disciplined debt-elimination plan can get you deeper in debt than before! </li></li></ul><li>© Spencer, Spencer & Associates Consulting Group 2009 2009<br />26<br />How Consolidation Loans Work<br />Can<br />OLD<br />Personal Loan $400.00<br />Credit Card 1 $190.00<br />Credit Card 2 $150.00<br />Credit Card 3 $175.00<br />Credit Card 4 $100.00<br />Credit Card 5 $200.00<br />Car Payment $250.00<br />Mortgage $900.00<br />Total:<br />$2,365.00<br />NEW<br />New Second<br />$300.00<br />Credit Card 4 $100.00<br />Credit Card 5 $200.00<br />Car Payment $250.00<br />Mortgage $900.00<br />Total:<br />$1,750.00<br />$615 of newly created funds <br />
  59. 59. © Spencer, Spencer & Associates Consulting Group 2009 2009<br />27<br />So...the question is...<br />Whose wealth are you going to build?<br /><ul><li>Yours?
  60. 60. Or everybody else’s? </li></ul>Remember… You can’t build your wealth and consume it at the same time.<br />
  61. 61. © Spencer, Spencer & Associates Consulting Group 2009 2009<br />28<br />The First Step To Financial Freedom...<br />STOP Creating New Debt!<br />Perform PLASTIC SURGERY!<br />Cut up those<br />CREDIT CARDS!<br />* Use a Debit Card instead<br />
  62. 62. © Spencer, Spencer & Associates Consulting Group 2009 2009<br />29<br />Keys To Building a Secure Financial Future<br />1.) Start building wealth immediately by first eliminating all debt.<br />Simultaneously operate 100% on cash.<br />2.) Build your estate.<br />Protect your loved ones with a quality insurance product while you’re building your nest egg.<br />3.) Build REAL retirement wealth using the same money you were wasting on debt!<br />Most people could be saving 40% to 50% of their income if they had no debt payments!<br />
  63. 63. © Spencer, Spencer & Associates Consulting Group 2009 2009<br />30<br />The Transforming Debt Into Wealth System<br /><ul><li>How to get completely out of debt, including your mortgage, usually in less than 7 years
  64. 64. How to simultaneously live 100% on cash, even when emergencies strike
  65. 65. How to quickly build retirement wealth using the money you’re wasting on debt payments now</li></li></ul><li>© Spencer, Spencer & Associates Consulting Group 2009 2009<br />31<br />Our Debt-Elimination Programs Give You . . .<br />THREE Choices:<br />Do-It-Yourself! <br />Get assistance<br />Bankruptcy Alternatives <br />It’s Your Choice.<br />No matter what your financial situation is, we can help . . .<br />1<br />2<br />3<br />
  66. 66. © Spencer, Spencer & Associates Consulting Group 2009 2009<br />32<br />Do-It-Yourself!<br />1<br />We can provide you with all the tools you need to follow the Transforming Debt Into Wealth® system yourself!<br />The TDIW Seminar Manual & Audio® home-study course.<br />The DebtFree™ software will help you personalize your own financial freedom strategy.<br />The TDIW Seminar DVD - John Cummuta LIVE at a Tony Robbins Wealth Mastery event.<br />
  67. 67. © Spencer, Spencer & Associates Consulting Group 2009 2009<br />33<br />Get Assistance<br /><ul><li>Fill out the Cash Flow Check-up form for a FREE no-obligation Cash-FLOW Analysis.
  68. 68. We will show you specifically how our debt-elimination program can help you.</li></ul>2<br />We can help you develop your own personalized plan with our consultation service.<br />We also have longer-term coaching services available to ensure that you are successful with your debt-elimination plan.<br />You decide what level of assistance you may need<br />
  69. 69. © Spencer, Spencer & Associates Consulting Group 2009 2009<br />34<br />Debt-Relief Services<br />TM<br /><ul><li>Alternative program to bankruptcy.
  70. 70. Get harassing creditors off your back.
  71. 71. Transform negative cash flow into positive cash flow</li></ul>3<br />The right debt-relief service can create monthly payments based on what YOU can afford. <br />You can pay off all your unsecured debt, usually within 36-48 months!<br />
  72. 72. © Spencer, Spencer & Associates Consulting Group 2009 2009<br />35<br />The Average American Family...<br />Will be COMPLETELY OUT OF DEBT in 7 years and 7 months*.<br />Will SAVE $107,121* in interest payments.<br />Will FREE UP $307,500* in accumulated monthly payments.<br />Could you think of a better use for this $307,500 than giving it to the credit institutions?<br />* Based on $47,211 annual income; $1,230 in total monthly debt payments over a 28 yrs., 5 mos. period. Debt-free 20 yrs.,10 mos. sooner than normal. <br />
  73. 73. © Spencer, Spencer & Associates Consulting Group 2009 2009<br />36<br />What about you?<br />This program can only help you if you get started… time is money!<br />Every DAY this average American family would’ve delayed implementing their plan they would lose $38.67* in potential interest savings…<br />Every MONTH they delayed would have cost them $1,177* in potential interest savings…<br />So with this in mind… when would be the best time to get started?<br />* Based on the Average American family case study. $107,121 in total interest savings, over a 91 month period.<br />
  74. 74. © Spencer, Spencer & Associates Consulting Group 2009 2009<br />37<br />Let's See Which Program Fits YOUR Situation<br />Let’s take a few minutes to fill out a FREE, no obligation Cash Flow Check-Up…<br />and see how financial freedom can be a reality for you!<br />

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