Quick, the opposite of debt is…..?
Wealth, right?
But while the two words may sound opposite, John Cummuta argues that debt into wealth is within reach of anyone. That belief is the theme of Cummuta’s “Transforming Debt Into Wealth.”
The secret, Cummuta says, is learning how to beat the credit card companies, manage mortgages, and other practical approaches that not only allow individuals a means to crawl out of debt, but also work toward wealth.
“Transforming Debt Into Wealth” asserts that most credit card companies do not want individuals to work their way out of debt. That reality is becoming truer each day, as card holders pay scant attention to finances charges, late fees and other penalties that increase their total balance each month.
Cummuta lists several negative factors of debt in “Transforming Debt Into Wealth”:
- Stress created by debt that can impact an individual’s family and career
- The threat to an individual’s credit rating as a result of continued debt
- Anxiety about the future
- Time away from family and friends as a result of having to work two jobs in order to make ends meet
Cummuta acknowledges in “Transforming Debt Into Wealth” that most Americans are overwhelmed with debt in the form of credit cards, student loan, mortgages, car payments, etc. But he tells readers that regardless of their incomes there is a way to work their way out of their dilemmas.
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“Transforming Debt Into Wealth” highlights the importance of understanding accumulated interest, both in terms of how it can benefit and hurt them. The book asserts that those who know how to make their money work for them are destined for wealth, while those who do will remain in debt.
But he also stresses that the key is to know how to accomplish that goal and be willing to work for it. The downloadable curriculum focuses on:
- A journey from debt to wealth, in which he shares how someone can get everything they need in life without credit. He also examines psychological tricks that can lead families into debt, and what everyone should know about their finances.
- “Transforming Debt Into Wealth” also asserts that individuals can be led into poverty if they are not diligent about their finances. Cummuta stresses the importance for record keeping in eliminating debt.
- Making your money work for you, where Cummuta tells readers the ways they can begin to eliminate their debt without working two jobs, pay less for automobiles, reduce grocery costs, etc.
- And finally, since the book is called “Transforming Debt Into Wealth,” Cummuta provides information on Wealth Building once his readers have worked their way out of debt. The author thoroughly explains ways individuals can easily accumulate wealth and guard against unexpected financial problems.
Cummuta says those who believe “Transforming Debt Into Wealth” doesn’t apply to them because of their income are slaves to their finances because of the lies others have told them. Simply put, he believes they can work their way from debt to the opposite side.
If they know how and are willing to work toward such a goal.