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Have you tried the John Cummuto Debt to Wealth program? If you have what is it about? Does it work? Is it a scam? I am desperate to get out of debt, and have been working on it for a few years now.

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I can only go by what I see on the web site but the advice you can pick out by reading between the lines is sound. It’s only going to be worth $350 if you follow the principles and stick to them. If you don’t it will be worthless.

Here, I’ll save you $350:

0. Have a plan and a firm budget.
1. Don’t make any new purchases on your credit cards, and don’t take out any new loans or installment plans. Move any recurring bills to your debit card, or better yet cancel them.
2. Treat the credit cards like a regular loan and never pay less on them than you do today. You’ll finish in a predictable amount of time.
3. Edit your lifestyle. Buy smarter and find less expensive ways to amuse yourself.
4. Use your new surplus cash to pay down the debts even faster, and when you eliminate one, push harder on the next one. That goes for the mortgage too.
5. When you’re out of debt, go in the opposite direction and start investing that same money.

I had John Cummuta’s Program 12 years ago when it was $79 and it was tied to a MLM. You are paying $350 for a debt snowball. A Debt snowball is to pay your regular monthly bills, and when you pay off a bill, say a $50 a month cc, you take that $50 and apply it to the next smallest amount until that is paid off. The typical debt snowball lasts about 5 years. He has testimonials that say the house can be paid off in two years, those cases involve selling existing assets, like a rental property, etc. There are other resources that are better and less expensive. Below are a few. Good luck!

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