Connect with us

Underworld

Everyone is Broke But YOU Don’t Have to Be a Debt Slave Any Longer

Dylan Charles, Editor
Waking Times

Look around in this fancy land called the U.S. and you’ll get the impression that people are just rolling in dough. They got fabulous new cars, expensive houses loaded up with imported goods, the latest smart phones, designer wardrobes, and they’re never about to turn down a good time.

But it’s all an illusion. It’s fake.

In reality, 80% of Americans are in debt and living paycheck to paycheck. Which means most of us are broke, and almost nobody owns anything at all. All that great stuff you see all around isn’t true prosperity, it’s owned by banks and it all serves as chains in a modern form of slavery.

Americans owe over $1 trillion on just their cars, another $1 trillion in household credit card debt$1.5 trillion in federally insured student loan debt, $8.8 trillion in mortgage debt, and all the while 40% of U.S. households are paying down medical debt. To add insult to all this injury, the national debt is now over $22 trillion, and growing 36% faster than the economy.

Debt slavery is the new normal, and it’s no accident.

We’re part of an economic and monetary system built on debt, and our culture has been warped by decades of scientifically minded marketing, advertising and consumer programming, and our cities and communities have been designed and organized for shopping, not for sharing and communing. Strip malls and big box stores have replaced the town square.

It is what it is, and it’s not going away any time soon, but the personal consequences of chronically being in debt are severe.

There’s the stress and worry of it all, and what that does to your health. There are the lost dreams and wishes unfulfilled.  The exorbitant and crushing bank fees, penalties, and high interest rates, backed up by collections agencies and organized harassment. The damage it does to marriages and the broken homes, and perhaps most insidious, there’s the spiritual malaise of being a slave.

But you can escape. Anyone can. I mean, to be honest, you’re not going to escape the disaster of government debt, because as individuals we have no control over what the lunatics and crooks in government do. That’s another conversation, but you don’t have to tolerate a life as a slave to personal debt. You don’t have to live forever with student loans, car payments and mountains of credit card debt.

What’s at stake here is you freedom. That is, the quality of your life in the short time you get to be alive here on earth.

Financial literacy is not something most of us learn in school, and so very few of us have had positive examples of this in our lives, but there is a system to get out of debt that works very well, and there is a network of support that can teach you how, get you inspired, and keep you motivated as you walk your own path to freedom.

Having found myself in deeply debt a couple of times in life, and then working my way to being 100% debt free, I can tell you that there is really no feeling quite as joyful as being free.

The method I have found that works the best to achieve this is referred to as the ‘debt snowball’ and is outlined in the book, The Total Money Makeover: A Proven Plan for Financial Fitness by Dave Ramsey. I was about to spell it out for you when I found an exceptional breakdown of it by Daisy Luther of the excellent blog, The Organic Prepper. Check it out, as it is the quickest way to get yourself out of debt.

Dave recommends something called “the Snowball Method” for repaying debt quickly. Imagine a snowball at the top of a hill.  As you roll the snowball, you pick up more snow, and the snowball gets bigger. By the time it’s at the bottom of the hill, it’s huge. You can do the same thing with debt by paying off the smallest bill first, then applying what you’d normally pay on that lowest bill to the next bill. Continue adding the minimum payment for each paid-off bill to the next largest one until all of your debt is repaid.

This method assumes you have enough money coming in to make your basic payments, plus a little bit extra. If you’re in a situation in which you truly do not have enough money to pay your bills, this article will be more appropriate.

I have personally used this technique to attack debt, with a few tweaks of my own.

Here’s a more detailed explanation of how the Snowball Method works.

1.) Write down every penny you owe.  This is tough love, and it’s painful, but go through all your bills and write down your totals. Most people find that the total is higher than they expected. The good news is, if you are truly committed to paying off your debt, this is the highest that it will be.

2.) Organize the bills from smallest to largest amounts.  This may not seem like it makes much sense, but trust me…there’s a method to the madness here.

3.) Write another list of the minimum payments for each bill. This is your baseline of payments each month. For the sake of ease, let’s say there are ten bills with a total of $750 in monthly minimum payments.

4.) Now, figure out the rest of your budget. Once you pay your rent/mortgage, buy groceries, and pay the utility bills, how much money do you have on top of your $750 a month?  For this exercise, we’ll say you have an extra hundred dollars.

5.) Your worksheet might look something like this:

6.) Now, you’re going to start putting all of your extra money on the lowest bill each month. So, the first month, you make all of your minimum payments, put $80 extra on the Victoria’s Secret bill to pay it off, and then apply your leftover $20 to the JC Penney’s bill.

7.) The following month, take the minimum payment from Victoria’s Secret, the minimum from JC Penney’s, and your extra $100 to pay off your JC Penney’s debt. Keep in mind that due to interest, your other debts will not change much at all if you are only making the minimum payment. For the sake of this exercise, we’re living them as they are to demonstrate that.

8.) The month after that, you’ll combine all of your previous minimum payments with your extra hundred dollars, plus the minimum for Target for a total of $185 against that bill. It will take you two months of snowballing to pay this off.

And that’s how you pay off consumer debt quickly.

Being debt free as an individual is one of the most important things you can do for your happiness, security and for your family. Since pretty much everyone you know is doing the ‘normal’ thing of being a debt slave in an overly consumeristic culture, do yourself a favor and check out The Dave Ramsey Show and take back your freedom from the banks and credit card companies.

About the Author

Dylan Charles is the editor of Waking Times and co-host of Redesigning Reality, both dedicated to ideas of personal transformation, societal awakening, and planetary renewal. His personal journey is deeply inspired by shamanic plant medicines and the arts of Kung Fu, Qi Gong and Yoga. After seven years of living in Costa Rica, he now lives in the Blue Ridge Mountains, where he practices Brazilian Jiu Jitsu and enjoys spending time with family. He has written hundreds of articles, reaching and inspiring millions of people around the world.

This article (Everyone is Broke But YOU Don’t Have to Be a Debt Slave Any Longer) was originally created and published by Waking Times and is published here under a Creative Commons license with attribution to Dylan Charles and WakingTimes.com. It may be re-posted freely with proper attribution, author bio, and this copyright statement.

Source link

Advertisement
Comments

Underworld

Area 51 raid: US military apologises for tweet about stealth-bombing ‘millennials’

More than two million UFO fans signed up to ‘see them aliens’ by storming Area 51 base.

The US military has apologised over a tweet saying it would fight “millennials” with stealth bombers if they attempted to enter Area 51, saying it “in no way” reflects their stance.

More than two million UFO fans signed up to “see them aliens” by storming the Area 51 base which has long been rumoured to house government secrets about alien life.  However, only a few thousand UFO enthusiasts turned up in rural Nevada for the ‘pilgrimage’ on Friday.

The tweet – which was posted on Friday and has since been deleted – was done by the PR arm of the US military, called the Defence Visual Information Distribution Service (DVIDS).

It stated: “The last thing #Millennials will see if they attempt the #area51raid today” with a picture of military officers in front of a stealth bomber.

The following day the unit apologised. A spokesperson tweeted: “Last night a DVIDSHUB employee posted a tweet that in NO WAY supports the stance of the Department of Defense.  It was inappropriate and we apologize for this mistake.”

Area 51 tested aircraft ranging from the U-2 in the 1950s to the B-2 stealth bomber in the 1980s. The government spent decades refusing to acknowledge the site even existed, before releasing documents confirming it in 2013.

Its secrecy still fuels speculation that it’s where the government studies aliens.

Visitors descended on the tiny desert town of Rachel, a short distance from the military site, in response to a recent, viral social-media invitation to “storm” Area 51, raising concerns by local authorities of unruly crowds overwhelming the community.

The US Air Force issued stern warnings for people not to approach the gates of the Nevada Test and Training Range, where Area 51 is located.

However, crowds were significantly smaller than expected.

Around 1,000 people visited gates on Thursday and Friday, and more made the trek on long dirt roads near Rachel on Saturday.

Officials reported six arrests overall, mostly for misdemeanour trespassing on base property, a $1,000 (£800) fine. One man was arrested for disorderly conduct at a festival venue and one for public urination at a base gate.

In Nye County, west of Las Vegas, authorities reported no arrests after a total of about 200 people showed up early on Friday at two remote gates to the once-secret Area 51 facility.

In Lincoln County, Sheriff Kerry Lee said about 20 people broke from among revellers early Saturday and “acted like they were going to storm, but stopped short.”

On Friday, one man was treated for dehydration by medics at the Rachel festival.

While costumed space aliens were a common sight in events that began on Thursday, no one has reported seeing actual extraterrestrials or UFOs.

Source www.independent.co.uk

Continue Reading

Underworld

The 5G Roll Out of 20,000 Telecom Satellites

Gary Null, PhD, GreenMedInfo
Waking Times

For years, scientists have warned about the dangers of enormous amounts of debris orbiting our planet. Aside from wrenches and other tools used by astronauts, plastic bags, and yes even a toothbrush, according to the federally-funded Aerospace organization, the greater dangers are obsolete spacecraft, portions of damaged and disabled satellites, rocket fragments, flywheels, and nuclear reactor cores that have broken up or collided with various other objects. Yet even a screwdriver traveling at an average of 17,500 mph, with an impact velocity of 21,000 mph, can be very destructive if it were to crash into a satellite, rendering it inoperable. And this simply adds to more useless junk, now estimated at 128 million small bits of debris under 1cm and the 34,000 larger pieces, floating above our heads. Imagine being hit with a piece of space scrap the size of a sugar cube is “equivalent of standing next to an exploding hand grenade.”

Business Insider story about space debris noted that the US government already tracks 23,000 objects regularly, including China’s bus-size Tiangong-1 space station that incinerated in orbit. In February of 2011, a Russian military satellite collided with an American Iridium commercial satellite. The former disintegrated into hundreds of thousands of pieces of debris while the latter spun out of control. Approximately 2,000 of these larger objects are being tracked regularly. Three thousand large objects from the Chinese anti-satellite weapon FY-1C, which the Chinese military deliberately blew up, also have to be routinely monitored. As more and more satellites, space stations, rocket and missile remains, and a variety of other orbiting technologies are shot into space, the more frequent these accidents will occur.

Source link

Continue Reading

Underworld

Julian Assange, a life that slowly fades (Video)

Julian Assange’s father says his son may not be released from prison after revealing criminal acts perpetrated by the US.

Australian journalist Julian Assange, founder of the WikiLeaks platform, which unveiled, among others, crimes committed by the United States (USA), is increasingly at risk of dying in jail, his father, John Shipton warned.

“Julian can die in jail after a 9-year persecution for revealing the truth of war crimes (in the US),” Shipton told reporters in London on Friday.

He said that this is the “bitter truth” after hearing the testimony of a United Nations (UN) rapporteur who visited Assange a few days ago in Belmarsh prison, southeast London, where he has been since last April, and who said that the life of the activist is in danger.

The UN special rapporteur on torture, Nils Melzer, said that Assange is suffering from an “inhuman situation” in Belmarsh, where he hopes the British justice will decide whether or not to request an extradition made by the United States, to respond to the alleged crime of conspiracy, among other charges.

On October 26, musician Roger Waters, founder of the progressive rock band Pink Floyd and known for his activism, said in an interview with RT that “they are clearly trying to kill Assange as much as they can.”

“Julian Assange is becoming a warning to other journalists that if they tell the truth -particularly to power-‘ we will catch them, “Waters said.

On Monday, October 21, Assange appeared at a London court hearing, and seemed confused, as it was hard to remember his name and age, according to a report by Reuters.

According to that testimony, the judge asked the activist at the end of the hearing if he was aware of what was happening and replied: “not exactly.”

Under normal circumstances, the Australian must have been released on bail after 50 weeks in prison and while his trial is taking place, but British justice chose to keep him in jail.

Judge Vanessa Baraitser, of the Court of Magistrates of the Westminster district of London, decided that Assange remains imprisoned due to his “history of evasion”, as there are “substantial indications” to fear that he can again evade the action of justice.

The founder of WikiLeaks will face an extradition hearing to the United States on February 25 for 17 counts of espionage and one of conspiracy, which can lead to a sentence of up to 175 years in prison.

Continue Reading

Recent Comments

Trending