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You Can Now Legally Eliminate Debt
The question we want to ask is it possible to legally eliminate debt. Yes, there are many options available today to get relief. There are many reputable sources that can provide the know-how to legally eliminate your debt or at least dramatically reduce your financial obligation. You need to work with a professional that uses only ethical practices in their field of expertise. It is important to spend the extra time to find someone who is good at what they do, but the time you spend will be well worth the effort in the end.
A few options that you can choose from are, negotiation, reducing or consolidation your debt. All of these are very useful tools when trying to eliminate your debt. Sometimes even using bankruptcy is a good solution to relieve some of your financial obligations, you must check with your state laws. Just remember that bankruptcy should be used only as a last resort. The laws have changed recently and criterias in certain states can be more strict than before.
You are always better off to try to legally eliminate your debt quickly, rather than waiting until the threat of bankruptcy or collection suits become your only answer. Check out most financial services that are BBB members, they usually have more credibility to advise you about your debt. A great financial option is to negotiate a settlement to relief you of harassing phone calls and unwanted letters in the mail. Negotiating a debt is a legal way to eliminate your debt that is legal because these settlements are renegotiated with the original creditor and every party is in agreement.
The consequences of negotiation to eliminate this debt has some repercussions. The law says that the agreed upon reduction percentage of the settlement must be disclosed to the IRS. The ower can be taxed on that saved amount. Also the settlement does not help with your credit in the short term, but will get the debtor off your back.
Just remember that you need to check all business licences and credentials to check the legitimacy of the people you are working with.
Bridging the gap between learning and doing
Have you attended seminars, read and learned about real estate? Are you one of the many with nothing to show for it? Have you paid thousands for seminars and coaching but have still yet to do a deal? Do you love the potential real estate investing offers and the resulting lifestyle? Do you get excited?
It is easy to get excited and learn as much about real estate theory as you can. Now applying that knowledge is the tricky part. Have you heard that only 4% of seminar attendees actually do something with their new knowledge? Why are 24/25 people paying thousands of dollars and getting nothing out of it? The answers may surprise you, but best of all this can be overcome so the majority become successful implementing the material.
Do something – First off, some attendees are there because they got excited. They made an emotional purchase and think that deals and money will be thrown at them with zero effort and zero commitment. So the number one thing to bridge the gap between learning and doing is DO SOMETHING and COMMIT!
Have a plan Take what you have learned and create a very focused strategy and become a master at that strategy. If you only have 10 hours a week, avoid spending 2 hours on 5 strategies and spend all 10 on one killer strategy. You will become an expert.
Find a mentor or partner Find an expert in your strategy that will partner, coach, mentor and guide you towards success.
Have goals It is easy to push this off until next year, or until the kids are not in school or until your big project at work is done. That is not commitment. Write down what it will take to achieve your goals as daily tasks and complete them every day. You will be amazed by what you will accomplish by staying committed to your goals and to do list.
Pick the right strategy Pick a strategy that you can successfully master, mitigate risk and duplicate over and over. Delegate and create a system so you can really duplicate.
Delegate Time a problem, get an assistant or virtual assistant. Have them generate leads and do all the work you do not have time for. If a task does not absolutely positively need your expertise to do it, then delegate.
Real Return Real Estate for years has bought property at extreme discounts, sells and rents with tremendous cash flow. We also provide FREE tips, articles, guides and Educational Webinars. Visit our site