At the Debt Relief Lab our mission is to empower average ordinary people like you and I, with the knowledge and resources needed to achieve extra-ordinary  wealth and financial security.

If you want to take control of your finances, you don’t need to win the lottery first. You do need to learn the fundamentals of money & how to systematically understand how the wealthy operate, how they maximize their finances, and how they consistently make intelligent financial decisions to improve their bottom line. With a little time and effort, you can easily learn these skills on your own, without spending a lot of money.

The debt relief lab is designed to help you educate yourself about finances at your own pace. Money is not your problem, what you don’t know about money is. Instead of struggling with finances for the rest of your life, here at the debt relief lab I am throwing you a financial lifeline. All of the key principles to getting out of debt & learning how to create wealth will be at your fingertips. This website will teach you how.

If you have a true desire to get out of debt, the debt relief lab is the best place to start. The debt relief lab is not going to ask you to do anything impossible, here you will simply be challenged to take action.  Get started today by reading the financial information I’ve posted on this site, learn as much as you can, then begin to apply what you learn into your own financial situation & make great things happen.

Get out of debt once & for all, Take control of your finances & your life.

 Read the latest blog post on debtrelieflab - click here

Here Are Some Consumer Debt Statistics You May Find Interesting

Americans make over 1.5 trillion dollars worth of credit card purchases every year. Currently there are 1.3 billion payment cards in circulation in the U.S. These include debit cards, credit cards, & store cards. Most American homes have approximately 13 payment cards. When using a credit card, most people will spend 25 to 30% more than if they were using actual cash.

More than 40% of American families spend more than they earn due to having available credit. This also contributes to the average American home having an average of $9,000 or more in credit card debt. If you were to make a 2% payment every month at an annual APR of 15%, it would take about 30 years to pay off and would include about $13,000 in interest alone.

When it comes to personal consumption expenditures (PCE), 24% of all U.S. PCE are made on credit cards, debit cards, & retail cards.

96% of all Americans will not be financially prepared for retirement & depend on government, family, or charity to make ends meet.

Because the average homeowner stays in his home for only 7 years they end up selling their home owing over 90% on their mortgage. If they continue this trend they will never pay off a mortgage in their lifetime. This is also the reason only 2% of homes are paid for in the U.S.

Most consumers are totally unaware of these statistics. After all you never see advertisements from the big credit card companies sharing that information with you. Why would they, that’s how they make their billions every year.
Unfortunately banks and credit card companies use consumers ignorance to their advantage. The less you know, the more they can “play you” (take advantage of you). It is up to us to educate ourselves when it comes to finances.
Don’t get me wrong, I’m not saying credit card companies and banks are all bad, I love the leverage I have in investing because of credit card companies and banks. With the right information you can actually make lots of money by using the credit card companies and banks much in the same way they use consumers. It is the average consumers ignorance or what they do not know that hurts them and keeps them in debt.
     So if there is a way to make money by using the very system that helped you get into debt, wouldn’t it be great to create wealth by using that system to generate income? Knowing how to use credit to invest in income producing assets can make all the difference between living in the poor house or enjoying financial freedom. Here at the debt relief lab I am going to show you how to make lots of money by using several techniques that have worked well for me.

Click here for instant access to the debt elimination tips page. 

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