Anthony Manganiello 
The Debt-Free Millionaire 
Winning Strategies to Creating Great Credit and Retiring Rich

PRAISE FOR

THE MILLIONAIRE

DEBT-FREE

‘The Debt-Free Millionaire is a clarion call for a generation that was brought up on spending tomorrow’s money today. As someone who spent time in the financial services industry, I can unequivocally state that Anthony’s pragmatic and refreshingly contrarian approach to the real secrets of cash-flow management–and leveraging the credit system–are a breath of fresh air in a smog-choked world of misinformation and confusing financial advice. I can think of a million reasons to read it.’
–MICHAEL DIFRISCO President, Brand Xcellence

‘Read this book. Do what it says. Start living the dream. If you’re ready to take charge of your financial future, this is the place to start.’
–KEITH J. CUNNINGHAM Keys to the Vault & Business School for Entrepreneurs

‘The Debt-Free Millionaire offers unique insights, little known strategies and easy-to-understand practical tools to first manage then eliminate debt. It is a must read for both consumers and financial professionals to better explain the often complex world of debt management. More like getting sensible advice from a good friend than a technical financial advisor.’
–ROY BALFOUR President of Ro???Mart Inc.

‘Tony has produced a clear and straightforward guide to debt, and how to eliminate it, that is as timely as it is needed. Anyone who follows the program in this book will be glad they did.’
–JEFFREY K. MEEK Former Vice President-Recovery Operations, Wa Mu Card Services

‘Great for readers of all ages and in all financial stages. This isn’t one of those get-rich-quick schemes. This book provides a foundation for a paradigm shift in your thinking process and allows for you to see how to achieve the seemingly unachievable. I was hooked from the beginning!’
–JENNA KEEHNEN Executive Director, www.USOBA.org

Table of Content

Foreword ix

Acknowledgments 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.