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il: It's about the banking process, not a financial product - 02/26/08 01:14 PM
Are you looking for a magic pill to cure your financial woes? The average family is one paycheck away from disaster and has over $8,000 in credit card debt. Are you one in this boat? You must know that, becoming your own bank system is not a magic pill to get you out of the debt woes. The good news is, Dave can help you. He knows how to work with people to get them to a point of paying off all debt and saving in the right way so you do not lose everything you have.
If you're looking … (0 comments)
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il: You are losing money, unknowingly and unnecessarily, every day! - 02/11/08 11:54 PM
Do you realize how much it is? You spend $0.54 to $0.64 of every earned dollar on taxes and interest alone. Would you like to have it back? Or do you prefer giving it to the banks and the IRS?
Are you ready to take control of your money?
If Dave Cheatham could show you how to finance something, like a car, and every other car paid for itself, would you want to hear about it?
What if you could finance your own house, a rental property, equipment for your business or even your child's education? Once you learn and apply the principles … (0 comments)
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il: The advantages of the Infinite Bank - 01/22/08 01:08 PM
Perhaps the most obvious advantage of individualized banking is that it offers life insurance coverage—something most people need anyway. Life insurance is a low risk investment; there are guaranteed returns, and life insurance companies are noted for their longevity.
There are also tax benefits. In a properly structured life insurance program, if you borrow the money out of the policy, the proceeds are tax free. As long as you don’t lapse the policy, no taxes are due. When the death benefit is paid, it is paid income tax free, minus the withdrawals. We structure these programs so that the income stream … (2 comments)
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il: Using infinite banking to finance purchases without lending from banks - 01/22/08 12:40 PM
You probably don’t sit around calculating how much interest you pay to banks and other lenders each year, but chances are you have financed large purchases, such as homes, education, cars and major appliances. (we all do)
The interest paid on these items can add up to hundreds of thousands of dollars, perhaps more, in the course of a lifetime. People often have to decide how much money to allocate for their retirement and how much to paying down current debt.
But what if it were possible for people to save for retirement in a vehicle that allowed them to … (2 comments)
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il: Is Experian's credit report on you Wrong? - 01/17/08 01:01 PM
Experian dispute procedure
Call (866) 200-6020, wait through first message
Press #2, wait through message
Press #1, wait through message
Press #1, ...follow instructions
- or -
Log onto www.experian.com/reportaccess
Fill in information, hit submit
Fill in the personal information
Print Summary page
Click on "potentially negative"
Click on the first item listed
Click on "Dispute this item"
Click on the drop down menu under "I believe that this item is inaccurate because:"
Click on "No knowledge of account"
Click on "Submit your dispute"
Click on "Yes, submit my dispute"
On confirmation page, type in your e-mail address (this will provide you with notice, once the dispute has been investigated and you can review results online)
Type your e-mail … (0 comments)
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il: Energy Deregulation is here - 12/04/07 11:33 AM
How many people do you know that use energy in their home?
How many of them want to save on that energy and earn travel rewards?
This is a 1/2 trillion dollar industry and will only deregulate once.
If we could market this and make money would you check it out?
If you want to see what this is about check out ambit energy
If you live in TX or NY go here and check out ambit energy and see what makes this company tick.
What would your answer be. If people who built a multi-billion dollar company asked you to partner with them. Would you … (0 comments)
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il: Maze of Debt Part 11 - 11/28/07 02:14 PM
Start saving at the same time as you pay down debt
This is one of the most debated areas I will cover in the Maze of Debt serious. You see some people say to through all your money towards your debt, and others say do not worry about your debt and to only save. Well I see more people do none of these things and either rack up a lot of money in accounts and never live, or they keep spending and never know when to quit.
I want to make this simple. it should be the goal of people to do both. … (2 comments)
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il: Maze of Debt Part 10 - 11/28/07 01:29 PM
Make sacrifices to eliminate debt
SACRIFICE. Live on a BUDGET. I know, people hate those two words. But it will take sacrifice to get out of debt. The good news is that it will be worth it. Every time you make a sacrifice and stay on budget you will be investing in your future. Always keep that in mind. Every step you make towards getting out of debt means you are closer to having more of your money work for you.
Although you can not really control your housing and transportation costs on a day to day basis, you still need to take a hard … (0 comments)
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il: Maze of Debt Part 9 - 11/28/07 12:32 PM
Find ways to increase income
Make a little extra money to pay off a bills, build up your savings, and pay an upcoming expense?
Right now people are doing many things to create more income. Here are just some of the ways you might be able to make a little extra money each month. Any thing more will help increase your monthly cash flow and help you pay off all your debt in as little as 7 to 11 years and give you a $20,000 plus in tax free income at retirement.
1. Do you have CDs, tapes, furniture, books, and/or other items that you don't need? Turn … (0 comments)
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il: Maze of Debt part 8 - 11/21/07 11:32 AM
Find ways to cut expenses You can find little things here and there to do to cut expenses or save money. It takes a little work on your part. Here are just some of the things you can do to help. By no means is this an end all be all. You can save hundreds of dollars a year by comparing prices at different stations, pumping gas yourself, and using the lowest-octane called for in your owner’s manual.You can save up to $100 a year on gas by keeping your engine tuned and your tires inflated to their proper pressure.To avoid late … (1 comments)
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il: Maze of Debt part 7 - 11/21/07 11:06 AM
Have a written Pay Down Debt Plan.
Develop written plans for your everyday expenses and debt payments for the next year. If you need some worksheets for these ask Dave. He will send you them free. They will help you figure out what you cash flow is.
Now that you have a written picture of your financial situation, you are ready to begin to evaluate your situation and make decisions about the best use of dollars to use to pay down your debt and get to more solid financial ground.
To pay off all your debt in 7 to 11 years you need a solid plan. Some people can … (0 comments)
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il: Maze of Debt part 6 - 11/21/07 10:44 AM
Learn about your Debt. To beat your debt and pay it off you will need to learn more about it. How much debt to you have? How much do you pay on that debt every month? These two things will be easy for you to find out. the hard part is to learn some of the other things I am going to ask. Here are some questions you should answer to learn more about debt.What is the Interest rate on your individual debtors?What is the APR on the individual debts?What is the minimum payment on each debt?What are the terms on all your … (0 comments)
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il: Maze of Debt part 5 - 11/21/07 10:28 AM
Organize your records. This is a very important step of getting out of debt. When we have all the records in place we will know what we owe, why we owe it, to whom we make payments, and how much we owe. Plus we are able to catch mistakes and show proof. The first thing you must do is find all your records. Here is a short list: W-2's or 1099's for the last 7 years.All your tax returns.Bank statements where you have your money.All of your investment statements.All of your monthly bills.A copy of all your titles.Now … (0 comments)
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il: Maze of Debt part 4 - 11/13/07 01:47 PM
Make getting out of debt a family affair Getting out of debt is an activity of the whole family. As a family you get into debt. Now families come in all sorts of sizes now a days. Some are only one person that has extended family, others have two parents, while other have some kids. Now what ever your family make, know it takes the whole family to get out of debt. To pay off the debt some actions need to be taken. This has an effect on the whole family. It might mean that you cut back on the … (2 comments)
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il: Maze of Debt part 3 - 11/13/07 01:23 PM
Stop using credit If you want to stop the horrible cycle of credit card debt, you have to do is stop using your credit cards. You have become dependent on credit card to cover certain expenses, and breaking the habit can be hard. To not feel like the maze of debt will haunt you forever. You have the tools to get out of debt. Pay it all off and stop the feelings of despair. Do these action steps so you can start saying goodbye to your credit cards. Leave them at home Put them in a safety deposit box, or safe Do … (0 comments)
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il: Maze of Debt part 2 - 11/13/07 11:48 AM
Act Now. Do not Wait.
I know I hear this all the time. It is true however. If you are in a position that you feel so burdened by what is on your plate it is hard to act. How are you feeling right now. Does the idea of all your debt get you so down that you are depressed when you think about it. It makes you so sick you do not move or even think about it? Well I am here to tell you that becoming debt free is possible. You can live a life not being … (0 comments)
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Dave Cheatham
Bartlett,
IL
More about me…
INC Financial
Office Phone: (630) 398-3329
Email Me
You will find the following here:
learn to pay off all debt in 7 to 10 years,
Create wealth with out going broke,
If you want to save money and or make money this is the place for you.
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