Utah Money Center

363 N University Ave Suite

105A Provo, Utah 84601

(801) 373-2274

The Debt

Trap in the US

The Road to Financial Freedom

Kim Kiyosaki, wife of the sensational

author of Rich Dad, Poor Dad Robert Kiyosaki,

gives an apt definition of financial freedom.

“Financial freedom is much more than having

money. It’s the freedom to be who you really are

and do what you really want in life.”

Being free of any financial liabilities is a

dream and a goal. It is never instant and must be

pursued with earnestness.

American debt, as most financial advisors would objectively describe, is on a continuous climb. And

it seems it is not going to stop anytime in the next decade.

Dreadful Numbers of American Debt

“The total amount of consumer debt in

the US is nearly $2.4 trillion in 2010. That’s

$7,800 debt per person,” says Business Insider.

Furthermore, the total amount of consumer debt

in the US is nearly $2.4 trillion that is equivalent

to $7,800 per American.

Three years after, an average US

household credit card debt stands at $15,611.

Federal Reserve statistics and other government

data, the average household owes $7,283 on

their cards; looking only at indebted households,

the average outstanding balance rises to

$15,611.

Forbes advisor Mike Patton predicts that in

2018 it is expected to exceed $22.0 trillion.

Kiyosaki further says, “If you want to be financially-free, you need to become a different

person than you are today and let go of whatever has held you back in the past. It’s a process of

growth, improvement and gaining spiritual and emotional strength to become the most powerful,

happy, and successful “you” possible. That is the true reward of financial freedom.

Paying Debt with Loan is Wis

Truly, getting a job and securing a steady income is not a guarantee of financial security.

Some companies help people with debt problem survive this crisis by giving cash advance, which is

a short-term, unsecured loan to help in recuperation until the next payday.

No pain, no gain. Cliché as it sounds, only those who sacrifice can get out of debt. It will

take more effort, discipline and time but, definitely, will turn lives around.

RESOURCES:

http://www.forbes.com/sites/mikepatton/2014/12/29/the-u-s-

debt-continues-to-climb/

http://www.richdad.com/Resources/Rich-Dad-Financial-

Education-Blog/January-2012/What-is-Financial-Freedom.aspx

http://www.utahmoneycenter.com/signature-loans/payday-

loans/