AARP The Debt-Free Millionaire (eBook)

Anthony Manganiello is founder and creator of DebtFREE.com and President and CEO of Centricity, Inc. He is regarded as one of the foremost experts on the impact debt-elimination services can have on a consumer's credit. Currently, he serves as a member of the Advisory Board of the United States Organization for Bankruptcy Alternatives and attends meetings with government officials providing testimony regarding the needs consumers face in today's economically challenging times.

Foreword ix

Acknowledgments xiii

Introduction: Setting the Stage 1

Step 1: Understanding Debt and Credit

Chapter 1 What Is Debt? 19

Chapter 2 What Is Credit? 33

Step 2: Identifying Where You Are so You Can Determine How to
Get to Where You Want to Go

Chapter 3 The Cash-FLOW Analysis and Why You Need One 53

Chapter 4 Doing Your Own Cash-FLOW Analysis 71

Chapter 5 Inside the Numbers: Different Categories of CFI 85

Step 3: Using the Results from Step 2 to Chart Your Course
toward Becoming a Debt-FREE Millionaire

Chapter 6 A Little Deeper Inside the Numbers: Potential Credit
Impact of Adequate to Healthy CFI 95

Chapter 7 A Little Deeper Inside the Numbers: When Your CFI
Requires Mortgage Restructuring 109

Chapter 8 A Little Deeper Inside the Numbers: When Your CFI
Requires Debt Management 123

Chapter 9 A Little Deeper Inside the Numbers: When Your CFI
Requires Debt Settlement 137

Chapter 10 A Little Deeper Inside the Numbers: When Your CFI
Requires Bankruptcy 153

Step 4: Identifying and Defining Your Retirement Needs, and
Creating a Time Line toward Achieving Them

Chapter 11 Accumulating Wealth and Retiring Rich 169

Chapter 12 It Takes Money to Make Money: Accumulating and Living
Off Your Wealth 181

Step 5: Letting It All Sink In

Chapter 13 Change Is a Comin' 201

Chapter 14 So Now What? The Debt-FREE Millionaire Action Plan
217

Chapter 15 What about Our Economy? 229

Conclusion: The Real Identity Theft 235

Appendix A The Cash-FLOW Analysis Work Sheet 241

Appendix B Estimating Your Debt Elimination Time Frame 249

Appendix C Sample Amortization Tables 253

Appendix D Income Adjusted for Inflation 263

Appendix E Future Wealth (Nest Egg) Estimator 265

Appendix F Debt Payment Wealth Impact 267

Appendix G Should I Save First? 269

Appendix H Putting Your Debt-FREE Millionaire Plan on Cruise
Control 271

Glossary 273

Notes 275

About the Author 277

A Free Gift from Me to You 279

Index 281