Are you an “average” American?

FACT: Total American household consumer debt averaged $11,840 in 2005

FACT: The rate of personal savings in the United States dipped below 0% for the first time since the great depression, hitting negative .5% in 2005

FACT: Average household credit card debt has increased 167% between 1990 and 2004

FACT: The average American had over seven payment cards in their wallet including credit card, retail store cards and bank debit cards in 2004

FACT: Over 60% of Americans revolved a balance on their credit cards in 2005

So, I ask you – how does it feel to be an “average” American? For most, it feels like you are drowning in debt, and the reality is – you absolutely are.

Credit cards, home equity loans, debt consolidation – all seem like viable options when one looks at how they can work to ease the debt. And why not? The offers for free balance transfers, low interest rates, interest only loans, all sound so enticing. The cold, harsh reality is that credit companies exist to make money off of you. That’s OK though, as long as you keep making that minimum payment you are OK. Your credit will be stellar and you probably could get more credit cards, which is a great thing right?

Absolutely NOT!

Did you know that if you made the minimum payment on a $4,800 balance on a card with a 17% interest rate, it would take you 39 years and 7 months to pay it off? You'd pay a total of $15,619, and two-thirds of that would be interest. You'd be paying interest on meals you ate decades earlier, electronics that would be considered artifacts and clothes that were cool when wearing plaid shirts with striped pants was the cool thing to do.

So the question is, what is the “average” American supposed to do? The answer is simple yet profound – become above average and earn more money.

Great, but how? You need to start by generating a second source of income for yourself that you can generate when and how you want. Before you say that this sounds too simplistic to be real, the fact is that thousands of people startup a home based business everyday and many of those people are earning a significant enough income that they are able to pay off that debt in a relatively short time, saving themselves thousands of dollars in interest.

And once you’ve gotten started, you may even realize that you enjoy working for yourself and will start to put more effort into your business so that someday you can quit your “day job”.

The reality is that regular people like you and me are making anywhere from a modest income to a fortune working for themselves in their own home based business. So ask yourself one all important and life changing question…

Are you ready to say goodbye to the worries of escalating debt and take control of your life in a way that until now you only dreamed about?