10 Principles to Increase Wealth
June 19, 2012 § Leave a comment
When Rachel and I tell people that in 3 years we have paid off all of our debts (over $35,000 other than mortgage), the common response is, “Oh, that’s nice,” or “Good for you.” It seems as though most people are either debt free (most are NOT), think that not changing anything will work just as well (it won’t), or they have resigned their life to living with the burden of debt (sadly, most have).
Over the next couple of weeks, I’ll be sending out the 10 Principles that we followed to pay off our debt, increase our savings, and increase our giving… so definitely stay tuned. If you follow the first three or four steps closely, you can be debt-free within the next 3-years (as proven by the thousands of people helped through the LIFE information).
Just a quick note:
These 10 Principles are not my own, but were learned primarily through the LIFE leadership information. Also, we used a number of different resources to get the right mindset to tackle our debt:
- Maximize Your Finances Pack – 4 CDs and 1 book – This CD pack has some phenomenal information in it. One CD in particular, “The 10 Laws of Debt Management” by Orrin Woodward, is what inspired this series of posts. Also, the book, The Richest Man in Bablyon really simplifies what your mentality should be like when it comes to finances. To get a Maximize Your Finances Pack, Go to, http://www.getLIFEproducts.com or click here (reference Member ID #61237401)
- Resolved: 13 Resolutions for LIFE by Orrin Woodward – Chapter 8 is all about resolving to live intentionally in your finances. Orrin goes over each of the 10 Principles in much more detail.
- I also started listening regularly to the Dave Ramsey show. He has very practical advice on debt reduction. I have heard that many people have used his Total Money Makeover program successfully, but we didn’t use it, so I can’t personally endorse it.
To conclude… keep your eye out for the upcoming series, and definitely make the choice to live intentionally with your finances.
Keep Reading and Leading!
David J. Garza