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Facts about Debt

Are you the kind of person that thinks the world is like this? IT's NOT!

  • Americans carry, on average, $5,800 in credit card debt from month to month.
  • According to the American Bankruptcy Institute, 302,829 people file for bankruptcy in the first quarter of 2000.
  • More than 40% of US families spend more than they earn.
  • 96% of all Americans will retire financially dependent on the government, family, or charity.
  • Nearly 1 out of every 100 American households will file for bankruptcy.

Staying out of debt is easy if you follow my simple one-step program.

  1. Don't spend more money than you have in your savings account.