Kevin Trudeau Free Money Reviews

Kevin Trudeau Debt Cures Book Reviews of Chapter Twenty One

Money comes and sometimes it goes. Having wealth is the goal you should aspire to, not getting rich too quickly. Kevin Trudeau throughout Debt Cures talks about creating wealth and living the lifestyle you want to live. Debt Cures is about building wealth, it is not about get rich quick schemes. In fact, Trudeau says that most of today’s young, famous, and rich people are not role models on how to build wealth.

Remember that the Debt Cures techniques are a two step process. You get out of bad debt first, after reading the book you now know how to beat the big banks and credit card companies. You know their system and you now know how to beat it. Once it is beaten, you are now ready for the second step of building your wealth.

You are out of debt and you are learning to stay out of debt. But that doesn’t mean you do not need credit. You still need it and in fact you will use good credit to build wealth. That’s why you need to stay on top of your credit at all times. Don’t just eliminate your debt, but continue to follow Trudeau’s steps. Keep your financial statements up to date, don’t close out you credit cards – keep them to show that you can pay creditors over a long period of time. Continue to pay on time and to pay your minimum payment or more. Good credit now can mean more good credit in the future, along with the benefits that good credit will bring.

You want to stay away from high interest rates and penalties but good credit will help you obtain the funds you need for the lifestyle you want to live. Trudeau gives more tips in Chapter 21 to improving your credit score, including getting a co-signer for a loan and piggybacking with someone else for credit. He provides greater detail in the book, but remember when you were a teenager and wanted a car? You might have had your parents co-sign the loan in order for you to get the car. If you have someone with good credit co-sign a loan for you, that will improve your credit score. With piggybacking, you have someone with good credit add you to their credit card. You don’t use the card but you benefit from their better credit score. Make sure you know the rules before doing so, and make sure you make any payments you are obligated to because you do not want to ruin any friendships. But you improve your credit score by working with others.

Also, consider an installment loan to help pay down bills. Go to your bank or credit union and get a small loan with a one or two year repayment period. Make all your payments, this will show up on your credit report as a positive and improve your score. A secured credit card is also a good idea, especially if you have children going to college. With a secured credit card, the user cannot spend over a set amount. It is another way to create a new good mark on your credit. Debt Cures encourages you to keep up the good work you have been doing and take the steps on the way to wealth.