Debt RIPper

PAY OFF ALL YOUR DEBT IN 1/2 THE TIME

(Without paying additional money!)

R.I.P Day is the day that all your debt is paid—it will rest in peace as you will too! What if you could pay off all your debt without having to come up with additional money? We’ll pause so you can let that thought sink in. No more debt. No more stress. That’s financial peace!

Getting there isn’t a quick easy fix, it will take some time and commitment from you and whoever may be on this journey with you. Regardless of how much debt you have and for how long you’ve had it, seeing a way out is motivating.

Here’s an example of how impactful using the Debt RIPper can be in getting you out of debt without increasing any of your monthly payments:

If this isn’t inspiration enough to move you to want to get out of debt, maybe this program isn’t right for you, at least not now. When we first plugged our numbers into this formula of rolling debt payments into the next debt—wow, were we excited! Imagine how it will feel to have the stress and burden of debt replaced with the freedom and satisfaction of knowing you don’t owe the man!!

Besides paying off all your debt in half the time, the debt RIPper will show how much interest you’ll be saving too—now we’re talking! Out of debt sooner and saving money at the same time? That’s almost like getting paid to pay off your debt early, how sweet is that?

How it works:
If you focus on paying off the smallest debt first, $120 in the example above, and then “roll” or add that into the next debt, $145 from our example, you are now paying $265 towards the next debt. Without paying any additional money, you are accelerating your payment of the next debt. If you continue to roll the payments in this manner until the last debt is paid, you’ll have the debts in our example paid off in 5 years instead of 10 years! We can tell you from experience that it becomes very motivating when you see it working to the point of becoming addictive at times—what else can we pay off? Our house? Dream big!

Obviously, making any extra payments will further accelerate an earlier RIP day, just as adding a new debt or “keeping” the payed off debt’s payment (instead of rolling it to the next debt) will only delay your RIP day. But such is the balance of budgeting—is the pain of debt greater than your desire for the things that got you into debt?

For those of you that want to geek out over a table that illustrates this, click on the See How it Works button below. For the rest, once you list your debts in the Set Up, they will automatically be put into the Debt RIPper and you will see your RIP day.

See How it Works!

Starting Date of Comparison is on January 1, 2025

Paying on Time

Debt

Payment

Months

Balance

Paid in Full

All debt paid in December of 2035

Debt RIPper

Debt

Payment

Months

Balance

Paid in Full

All debt paid in March of 2030

E Paid off 5 years early!

The payments in this column are all being paid on time and will be paid off in the number of months of each debt’s terms.

Example: the Bank Loan is paid off in 36 months after making 36 payments of $152.00.

Contrast that with the Debt RIpper payments column where the payments are increasing as the paid off debt’s payment is added to the next debt payment.

Example: the Bank Loan is paid off in 24 months after making 18 payments of $152.00 and then 6 payments of $417.00 (Adding the Medical Bill payment of $120.00 + the Best Buy payment of $145.00 to the Bank Loan payment of $152.00).

In our example, with all of the debt payments being paid on time, each debt will be paid in full December of however many years the debt terms dictate. The last debt will be paid off in December of 2035.

With the Debt RIpper and its increasing payments, the same amount of debt will be paid in full in just over 5 years — March of 2030!!

In this example, without a penny of additional money, you have become debt free in just over five years! So roll up your sleeves, write your Recipe in the Set Up and start your journey to financial peace.

Remember what we said about interest? You’ll be saving five years worth of interest because the debts are paid early. As a bonus, while your debt decreases your credit score will be going up! This is getting better all the time, isn’t it?