Invest in Your Debt

Invest in your debt? I was puzzled when I came across this statement. But, as I learned the meaning behind the phrase, I must say I was really impressed with my findings.

Basically, you are investing all extra funding into your debt. By investing in your debt you are headed towards financial freedom via freeing up those monies to invest in profitable financial investments instead of investing it in the credit card and loan companies.

Although some of the principles here are contradictory to my insistence that you have a variable expense and emergency savings, I found the explanation of the Invest in Your Debt concept very logical. I have a logical mind and cannot help but accept what I know to be true.

In many cases it is near impossible to build a serious emergency fund within a reasonable amount of time. And, I concur that investing that little bit of extra monies in your debt can free up those monies faster for financially productive uses.

At first I was hesitant to accept that one could be successful at achieving debt elimination goals without the security of the emergency fund. But, I must admit it is true that most of us do it all our lives.

It is usually a matter of lack of self control and proper planning, not neccessity, that gets us deep in debt and struggling to get our heads above debt.

America Saves lists paying off the high cost of debt as it's number one strategy for saving money.

Invest In Your Debt is a program that warrants strong consideration. You may find it to be the perfect fit for your lifestyle. And, for those of us who just can't let go of that "security net", there are even acceptable options for us that make perfect sense.

It won't take a leap of faith. But it does take a commitment to invest in your debt so you have the power to invest in yourself!

The Invest in Your Debt program even offers coaching for those who feel they need it. Sometimes we just need someone to guide us to success. Especially when our finances have really gotten out of control. If you feel overwhelmed you can guarantee your success with Debt Elimination Coaching

You might think, I don't have the money to invest in coaching. The group course, limited to 20 individuals/couples per group, is currently $397. If you think you need help then you'll probably end up paying some debt management company on average $39 per month. In a years time that's $468.

You'll be paying that for the entire time you are on the program. Based on an average of four years, you'll be paying out a grand total of $1,822.

In the long run Invest in Your Debt Coaching would actually save you money! Looks like a more reasonable option when you look at the big picture.

At that price you can even afford the one-on-one coaching! That's only $797. Still less than half what you will pay a debt management company.

You might want to give this serious consideration especially, if you've tried several times without success to stay on a debt management plan.

Jeffrey Strain of SavingAdvice.com seems to agree with the importance of eliminating debt according to his article Stop Saving Your Money!