AARP Digital Editions offer you practical tips, proven
solutions, and expert guidance.
The desire to get out of debt can sometimes be smothered by the
sheer volume of information, and misinformation, available. To
overcome such obstacles, what you need is one place to find the
right answers, right away. That’s why author Anthony
Manganiello–founder and creator of Debt FREE.com and President
and CEO of Centricity, Inc.–has created The Debt-Free
Millionaire.
Since 1995, Manganiello has helped hundreds of thousands of
people get out of debt, and now, he’ll show you how to do the same.
Throughout these pages, he skillfully outlines a plan that will
allow you to eliminate debt, develop better credit, and retire
comfortably. You’ll learn everything from how to perform a
Cash-FLOW Analysis–a straightforward approach to
assessing your financial standing–to putting your plan into
action. Along the way, Manganiello reveals how debt and credit
should fit into your financial life and addresses how to employ
specific strategies that will lead you to accumulate wealth instead
of what you’re most likely doing now, consuming it.
No matter what your current financial situation, the five simple
steps comprising this plan will put you in a better position to
prosper in the years ahead. You’ll also find that as you progress
through the Debt-Free Millionaire Plan, you’ll be fairly well
insulated from the economic ups and downs experienced by others who
are stumbling through life without a plan.
After reading this book, when you think of what a millionaire
is, you’ll realize that the only difference between you and
becoming a millionaire is a matter of time and distance. The
strategies outlined here will help you close that gap as quickly as
possible.
solutions, and expert guidance.
The desire to get out of debt can sometimes be smothered by the
sheer volume of information, and misinformation, available. To
overcome such obstacles, what you need is one place to find the
right answers, right away. That’s why author Anthony
Manganiello–founder and creator of Debt FREE.com and President
and CEO of Centricity, Inc.–has created The Debt-Free
Millionaire.
Since 1995, Manganiello has helped hundreds of thousands of
people get out of debt, and now, he’ll show you how to do the same.
Throughout these pages, he skillfully outlines a plan that will
allow you to eliminate debt, develop better credit, and retire
comfortably. You’ll learn everything from how to perform a
Cash-FLOW Analysis–a straightforward approach to
assessing your financial standing–to putting your plan into
action. Along the way, Manganiello reveals how debt and credit
should fit into your financial life and addresses how to employ
specific strategies that will lead you to accumulate wealth instead
of what you’re most likely doing now, consuming it.
No matter what your current financial situation, the five simple
steps comprising this plan will put you in a better position to
prosper in the years ahead. You’ll also find that as you progress
through the Debt-Free Millionaire Plan, you’ll be fairly well
insulated from the economic ups and downs experienced by others who
are stumbling through life without a plan.
After reading this book, when you think of what a millionaire
is, you’ll realize that the only difference between you and
becoming a millionaire is a matter of time and distance. The
strategies outlined here will help you close that gap as quickly as
possible.
Table of Content
Foreword ixAcknowledgments xiii
Introduction: Setting the Stage 1
Step 1: Understanding Debt and Credit
Chapter 1 What Is Debt? 19
Chapter 2 What Is Credit? 33
Step 2: Identifying Where You Are so You Can Determine How to
Get to Where You Want to Go
Chapter 3 The Cash-FLOW Analysis and Why You Need One 53
Chapter 4 Doing Your Own Cash-FLOW Analysis 71
Chapter 5 Inside the Numbers: Different Categories of CFI 85
Step 3: Using the Results from Step 2 to Chart Your Course
toward Becoming a Debt-FREE Millionaire
Chapter 6 A Little Deeper Inside the Numbers: Potential Credit
Impact of Adequate to Healthy CFI 95
Chapter 7 A Little Deeper Inside the Numbers: When Your CFI
Requires Mortgage Restructuring 109
Chapter 8 A Little Deeper Inside the Numbers: When Your CFI
Requires Debt Management 123
Chapter 9 A Little Deeper Inside the Numbers: When Your CFI
Requires Debt Settlement 137
Chapter 10 A Little Deeper Inside the Numbers: When Your CFI
Requires Bankruptcy 153
Step 4: Identifying and Defining Your Retirement Needs, and
Creating a Time Line toward Achieving Them
Chapter 11 Accumulating Wealth and Retiring Rich 169
Chapter 12 It Takes Money to Make Money: Accumulating and Living
Off Your Wealth 181
Step 5: Letting It All Sink In
Chapter 13 Change Is a Comin’ 201
Chapter 14 So Now What? The Debt-FREE Millionaire Action Plan
217
Chapter 15 What about Our Economy? 229
Conclusion: The Real Identity Theft 235
Appendix A The Cash-FLOW Analysis Work Sheet 241
Appendix B Estimating Your Debt Elimination Time Frame 249
Appendix C Sample Amortization Tables 253
Appendix D Income Adjusted for Inflation 263
Appendix E Future Wealth (Nest Egg) Estimator 265
Appendix F Debt Payment Wealth Impact 267
Appendix G Should I Save First? 269
Appendix H Putting Your Debt-FREE Millionaire Plan on Cruise
Control 271
Glossary 273
Notes 275
About the Author 277
A Free Gift from Me to You 279
Index 281
About the author
Anthony Manganiello is founder and creator of Debt FREE.com and President and CEO of Centricity, Inc. He is regarded as one of the foremost experts on the impact debt-elimination services can have on a consumer’s credit. Currently, he serves as a member of the Advisory Board of the United States Organization for Bankruptcy Alternatives and attends meetings with government officials providing testimony regarding the needs consumers face in today’s economically challenging times.
Language English ● Format EPUB ● Pages 304 ● ISBN 9781118241653 ● File size 2.8 MB ● Publisher John Wiley & Sons ● Published 2011 ● Edition 1 ● Downloadable 24 months ● Currency EUR ● ID 2356587 ● Copy protection Adobe DRM
Requires a DRM capable ebook reader