Prosper Learning provides its students with the wealth building tools they need to succeed financially in life. They have helps thousands of students to reach their dreams by applying their new found knowledge in the real world. Here is a recent real life "Success Story" from one of Prosper Learning students.
"We began the training sessions with great anticipation and concern that our financial situation was so out of balance that it seemed hopeless. You helped us focus on our spending habits by starting a spending journal and tracking these expenses.
The most significant thing that I learned was to stop using my credit cards. Paying cash for purchases limited my spending. We joined the program in desperation. You helped us start working together. It has been a worthwhile struggle together. We changed our credit card payments to making minimum payments on all but one card. This allowed us to make larger payments to pay off our first debt. We are working to increase our accelerator margin to speed up elimination of our credit card debt.
I have opened three new credit cards with low interest rates. I have transferred high interest rate balances to them in an effort to close out one credit card with an 18% interest rate. This high interest rate card should show a zero balance next month or the month after. I plan to leave the account open with a zero balance. Our next step will be to use the saved interest amounts to increase our accelerator margin and payments on other debts.Our goal is to eliminate all credit card debt within the next two years. When that is done, we can concentrate on elimination of the bank loans.
Eliminating these we can concentrate on the mortgage. Seven years seemed an impossible goal at first, but it seems more feasible all the time. One of the biggest changes that we have made is to talk about our expenditures and to consider functional values rather than buying the most expensive model. Consolidating our insurance has allowed us more coverage without increasing out outlay for insurance.All in all our coach has caused us to look, consider, and proceed in a more knowledgeable way to debt freedom. Our future is looking brighter." Bill D.
