Diary of A Debt Breaker
Follow my journey as my husband and I pay off our mortgage!
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The DebtBreaker Challenge: Can You Be NZ’s Greatest DebtBreaker?
The NZ Debt Breaker Challenge to Award $5,000 to the Individual who Eliminates Most Mortgage Debt…
Five thousand dollars will be awarded in The NZ Debt Breaker Challenge as part of a nationwide, private initiative to help families become mortgage and debt free, says Barry Kloogh, one of New Zealand’s leading authorities on personal and organisational wealth management and creator of the popular Debt Breaker system.
The first prize of $5,000 will be presented to the client (existing or new) who reduces his or her mortgage by the greatest percentage between July 1 and November 30, 2013. “We’re looking forward to presenting $5,000 to the winner, not only to celebrate their individual success using our debt-reduction software, but to show others that living a debt free lifestyle is no longer an impossible dream, but a very attainable goal.”
Contestants will be utilizing a robust new software system called DebtBreaker.
“Our goal for many years has been to help families rid themselves of mortgages and debt at an accelerated rate, so they can reap the rewards of financial independence,” said Barry Kloogh, whose financial consulting head offices are located in Dunedin, with joint ventures in Timaru and Christchurch “It’s taken years of development and programming, but the result is a system that incorporates our proven debt-reduction techniques.”
Barry says; “Our current clients are each on track to save over $100,000 on average. There’s nothing more gratifying than enabling people to pay off a mortgage faster, get out of debt, retire with dignity and be able to pass along their estates to the next generation. Best of all, just because a family is paying off their mortgage years sooner, doesn’t mean they have to suffer any lifestyle changes or live like a hermit.”
Barry believes that while everybody understands the benefits of paying off their mortgages, and getting out of debt, they’ve never had the proper debt management tools to accomplish that goal until the DebtBreaker system. “Many people either try outdated debt-reduction practices that simply don’t work, or go to extremes to cut their expenses. The problem is that something unexpected always seems to come along to derail their budget.”
He says DebtBreaker shows people exactly where they need to make family budget adjustments in real time. “Our clients are very motivated because they can actually see their debt dropping and savings growing every time they look at the program.”
From Auckland, Hamilton, Tauranga, Rotorua, Wellington, Nelson, Blenheim, Christchurch, Timaru, Dunedin, Invercargill, and many other cities, Barry says response to The DebtBreaker Challenge has exceeded expectations.
“The First Annual NZ Debt Breaker Challenge is a major win/win. Not only will somebody win $5,000 for their mortgage-reduction efforts, but anybody who uses DebtBreaker will see their mortgage drop substantially.”
Whether you want to know: How to pay off your mortgage, how to reduce debt, or how to save for the future and still have money to enjoy life today. Debt Breaker gives you the tools to do all that.
For complete details about The NZ Debt Breaker Challenge call 0800 332 827.
Kloogh also invites you to stop by the DebtBreaker office at 34 MacLaggan Street, Dunedin, New Zealand, 9054.
Call 0800 332 827
5 tips to teach your children about money (over the Holidays)
Good for you! You’ve been working hard to keep the family budget under control (never an easy task over the Holidays), but what do your children know about money? Here are five ways to help your children gain a good understanding about money early in life:
1. When should parents introduce kids to money? As soon as they learn to count! Seriously, observation and repetition are two important ways children learn.
2. Teach your kids the difference between Needs, Wants and Wishes. Give me a break! That’s hard enough for us adults. However, it’s vital to teach your kids how to save money, grow it – and most importantly, spend it wisely. And the best way they are going to learn… is by watching us!
3. Introduce children to the value of saving vs. spending. Consider paying your kids interest on money they save. Trust me, you’ll be amazed how quickly your kids start calculating interest! Think about matching every dollar they save as an incentive.
4. Pay your kids in denominations that encourage saving. For example, if their allowance is $5 per week, pay them in dollar bills and ask them to save one dollar a week. As I mentioned, they will soon learn that $5 a week at 2 percent interest (compounded yearly) will total about $263 after a year, $1,400 after 5 years, and $3,028 after 10 years! Not a bad reminder for us all!
5. Model smart shopping! Have your children help you cut coupons, and show them how you shop for sale prices. Explain how planning purchases in advance can save nearly $2,000 a year! Remember, unplanned spending typically results in 20 to 30 percent of our money being wasted.
When you think about it, teaching our kids to be fiscally responsible is a great reminder for us parents as well.
As always, we’re here to help you get out of debt, pay off your mortgage years earlier and save for the future. To learn more about my new Debt Breaker program, or our other financial services, call us at 0800-332-827 or visit our website http://DebtBreaker.co.nz.
Here’s to a strong financial future for your family,
Barry Kloogh
CEO and Authorised Financial Adviser
Newly released software takes the drudgery out of debt reduction and shows people how to pay off a mortgage faster.
A dynamic, new, software-based, money management program designed to show people how to pay off a mortgage faster, get out of debt and save money for retirement was recently released to the public by Barry Kloogh, one of New Zealand’s leading authorities on personal and organisational wealth management.
Known as “The DebtBreaker Program,” Kloogh says this new money management tool is the culmination of 29 years of helping people from all walks of life achieve their financial goals.
“In today’s economy, people are either struggling to pay off their mortgage, or struggling to find a way to get into a home. For both groups, debt reduction and debt management are the key issues holding them back,” said Kloogh, author of the book, ‘The Money Cookbook.’ “The DebtBreaker Program provides people with an easy-to-follow, personalised roadmap that details exactly how to pay off your mortgage, realise substantial debt reduction on a weekly basis, and save for the future without sacrificing their way of life.”
Kloogh believes that while most people understand that paying just the bare minimum on their mortgages (or credit cards) will keep them saddled with debt for decades, they’ve never really been given the proper debt management tools or financial advice to do anything else successfully.
“Through no fault of their own, people follow out-of-date debt reduction practices that may have worked just a few years ago, but are destined to fail in this crazy economy,” said Kloogh, who is based in Dunedin. “Other folks will drastically slash their expenses in a valiant attempt to achieve meaningful debt reduction. But between kids, work, home, school – and trying to enjoy a little family time – these severe measures are much too difficult to maintain for very long and they often slip even further into debt.”
According to Kloogh, “There’s nothing more gratifying than showing people how to pay off a mortgage faster, get out of debt, save for their retirements and ultimately transfer their healthy estates to the next generation. This software basically puts people’s budgets on autopilot, and it’s like having me guide them every step of the way.”
One of the main reasons The DebtBreaker Program has been so successful since its initial release, says Kloogh, is its built-in ability to motivate people to achieve their debt reduction goals.
“This software is so personalised and intuitive that it quickly shows people exactly where they need to immediately make budget adjustments, and by how much,” said Kloogh, who is also the founder of Strategic Wealth Made Simple. “In doing so, they see concrete, measurable improvement in their debt management efforts every time they open up the program. Seeing your debt dropping right there on the screen is obviously a huge motivating force to keep up the good work.”
Now available to the public at www.financialplanningltd.co.nz, Kloogh says the DebtBreaker Program works for anybody interested in debt consolidation, debt management, and paying off your mortgage without sacrificing your lifestyle in the process. “And today, that’s just about everybody!
“I have clients in Auckland, Wellington, Christchurch, Dunedin, Invercargill and dozens of other cities in New Zealand – and everybody wants to know the same things: How to pay off your mortgage, how to reduce debt, and how to save for the future and still have money to enjoy life today. The DebtBreaker Program gives people the tools to do all that.”
For more information about the DebtBreaker Program, and to view a free online introductory video, click here or call 0800 DEBT BREAKER (0800 332 827).
How To Pay Off Your Mortgage Twice as Fast…
How would you like to pay off your mortgage faster? Are you interested in being one of the 30 percent of people who have fully paid off a mortgage?
A new computer software called Debt Breaker offers clients the ability to do so. Barry Kloogh is the CEO of Financial Planning Limited, the founder of Strategic Wealth Made Simple™, and creator of the debt relief software, Debt Breaker.
Kloogh designed the program from a need in his own personal finances. Tired of seeing his hard-earned income going to lenders for interest payments, he decided to take action using a manual system. With only a calculator and his bank statements, he designed a system that paid off a 26-year mortgage in about six years, all without making drastic changes to his spending or lifestyle.
From there, Kloogh founded Financial Planning Limited, which is designed to provide borrowers the training and ability to accelerate their mortgage payments and fully pay it off in less than half the time.
For many homeowners or potential homeowners, the best place to start is with their own bank, which they may already use for a checking, savings, and debit account. Many banks offer preferred interest rate to valued customers, especially those who have been long-time customers.
The program advises that mortgagees get a fixed mortgage, which is a loan with a set interest rate throughout the life of the loan. These interest rates are often determined by the life of the loan. For example, a 15- or 20-year loan will likely have a lower interest rate than loans paid off in 30, 40, or 50 years.. While interest rate for an adjustable-rate mortgage (ARM) are typically lower, they can fluctuate as the market conditions change, and many borrowers wind up paying substantially higher than those with a fixed rate.
With Kloogh’s Debt Breaker, paying off the mortgage sooner gives clients the ability to save hundreds of thousands of dollars in interest rates.
There are many reasons the program has been successful. Debt Breaker encourages clients to set their own goals by assessing their own income, lifestyle, and spending values. The program then gives users regular and high visibility of these goals with graphs. The graph sequence shows users where they would end up paying off their debt at the lender’s rate as well as where they could pay your debt off using the Debt Breaker software.
For nearly thirty years, Barry Kloogh has assisted thousands of clients save millions of dollars. He takes pride in developing a program that is clear, flexible, and user-friendly. Financial Planning Limited is excited about advising clients on the way to accelerate paying off their mortgage.
“I have clients in Auckland, Wellington, Christchurch, Waitakere, Invercargill, Manukau City, North Shore, Otago, Nelson, Tauranga, Canterbury, Timaru and Dunedin and dozens of other parts of New Zealand – and everybody wants to know the same things: How to pay off your mortgage, how to reduce debt, and how to save for the future and still have money to enjoy life today. Debt Breaker gives people the tools to do all that.”
For more information about Debt Breaker call us toll free 0800 332 827.
…or stop by and visit our friendly team.
Main Debt Breaker Office:
34 MacLaggan Street
Dunedin, New Zealand
South Canterbury Location:
19 Barnard Street
Timaru, New Zealand
The Debt Breaker: The Program
With so many debt payoff programs currently on the market, Debt Breaker has drawn much attention as a flexible, user-friendly alternative.
Barry Kloogh, the CEO of Financial Planning Limited, the author of The Money Cookbook™, and creator of Debt Breaker, has nearly thirty years of experience in financial planning.
He designed the program to be clear, precise, and user-friendly.
This program is not merely a retirement planner; rather it is a debt planner which sets users on a course to accelerate paying off loans.
The first step is to calculate your income after taxes. The program then helps you design an in depth budget to see exactly where all your money is going. Once you have determined this, you need to enter your debt…
While many other products on the market encourage clients to adhere to the goals set by the program, one of the key features to Debt Breaker enables you to set your own goals. Do you have other goals you want achieve over time? Debt Breaker provides you with high visibility of your own goals.
In fact, Debt Breaker encourages you to take the lead in the program as much as possible. One of the first steps, data entry, provides you with a better understanding of your financial situation. However, trained staff are available for anyone with questions.
Another key feature is flexibility. As financial circumstances change, the program adapts to new interest rates, to credit cards and floating mortgages. There should be no need to change banks.
Also included are monthly conference calls to discuss progress, review the graph, look at expenses, and exchange feedback for improvement. The calls are with our customer service people who are knowledgeable of the program.
While many programs currently on the market offer assistance, Debt Breaker offers personalized help.
Call now to see how Debt Breaker can help you pay off your mortgage sooner, and begin living a truly wealthy life.
Call Now: 0508 123 555
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