How to get debt down faster?
>Date: Thu Feb 25 23:23:13 1999 >From: email@example.com ("Annette Rochon") >Subject: [1helpwithdebt] (no subject) >To: firstname.lastname@example.org >Hi My name is Annette and I have a big debt problem... I am trying to >get it under control and have applied for a consolidation loan at a >financial institute because the banks won't give us a loan... How do >you get your debt down faster if you are living paycheck to paycheck >and sometimes are short on money just for the groceries???? Any help >would be of great help... Annette > >Date: Mon Mar 1 12:41:07 1999 >From: CUTEEME@webtv.net >Subject: [1helpwithdebt] Just want some info. >To: email@example.com >I was just interest in getting some information on cleaning up my >debts. JCT: Nothing's better than getting more money. But since this is not an option for most people, the next best way is to join your nearest barter system. Let's say that you take home $500 a week at $26,000 a year and find a way to earn another $100 a week in Green. If you don't change your consumption pattern but manage to pay for part of it with the $100 in Green you earned by buying from the network, that leaves $100 a week in your federal bank account. Sure, your taxable income will have risen to $31,000 a year and you'll owe extra federal tax on that extra $5,000 you earned in Green but you can use the extra federal cash in your account to pay that $1,000 or $2,000 in federal taxes leaving you $3,000 to $4,000 to pay down your debt. People keep thinking that joining a barter system is a way to cheat the income tax people but what it really allows you to do is save federal cash by replacing it with barter cash in expenditures. Pay down of debts is a standard result for people who make use of their barter connections. The more you work at barter, the more of your federal income you don't have to spend even if you do have to use some of your cash savings to pay more federal income tax. So far from costing government tax revenues, barterers actually manage to increase the government's revenues. I don't know where you live but there's a good chance you can find a LETS, Hours, or Timedollars system near you. If not, you can easily start one in your own neighborhood. An internet search will find hundreds of sites by successful LETSystems who would be able to answer any more of your questions. I invite you to join our listserv at firstname.lastname@example.org where we discuss the growth of LETS interest-free banking around the world. Just send any email to: email@example.com You will receive notification with a password which you can change if you visit the User Center at www.onelist.com Or simply visit and join up at: http://www.onelist.com/subscribe.cgi/lets To view the firstname.lastname@example.org archives, see: http://www.onelist.com/archives.cgi/lets
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