There are a lot of people thinking about the economy, a recession, and becomming debt free. Dave Ramsey has made quite a name for himself telling folks to eat rice and beans today; so they won't be eating Alpo in their old age. I would eat rice in my old age if need be, before Alpo. I am not so fond of meat to enjoy the finer aspects of canned dog food. Actually I would not feed my dog Alpo, it gives most dogs really stinky gas.
As usual I am digressing already. My topic of the morning is financial freedome not the digestion of dog food. Dave has some good points and some good ideas. We also have some good ideas. My husband represents a company that offers a software service to cancel out interest on your mortgage. We can save the average person at least 5 years and $50,000 in interest. I say a service, because it's for life. All computer upgrades are automatic and there are real people in customer service for as long as you live. Yes, the software is transferable, no it does not work on more than one property at a time. Yes, it is easy. Yes, it is internet based. Yes, it does in fact work. Yes, the banks love it, they like being repaid early. Yes, we can give you a free analysis to show you exactly what our software can do for your financial life. It works on any amortized loan of any time length, even a neg/am. It is more beneficial in the beginning of the loan than for someone who has paid 20 years on a 30 year note, which is by the way the one half mark for a bank. They do weird math.
A friend of ours who built a house 3 years ago and has a $200,000 note will be paid in full in 5 more years, without changing his lifestyle, and without refinancing. No kidding, no tricks, not magic, it's just math. Which is why my husband, and not I do this. He is very good with numbers. I get lost somewhere after three digits without a calculator. So go ahead ask.
You have nothing to loose but your debt.