So you may think that you want to get that credit card insurance being pushed by credit card companies that will pay your bill if you become disabled or unemployed. Not so fast. The average payout on a credit insurance policy is 30-50%. The National Association of Insurance Commissions actually recommends a payout of at least 60%. Payouts for debt cancellation and debt suspension is in 1-3% range. That's definitely not worth premiums. Get enough regular life insurance and disability insurance to cover your debt as their premiums are much cheaper and have greater payouts.

Beware of a credit card company trick that I recently ran into. I mailed a payment a week early but yet was still charged a late fee. Impossible I say. I found out payment had to be in credit card company's processing center by a certain time on due date. Think of my credit card payment making it's way through mail, to a P.O. box, then getting picked up, sorted, sent to processing center, opened and recorded. And this has to be done by a certain date on due date. Ouch. I suggest mailing in your payment at least two weeks early.

You have a purpose in life. You have tremendous potential. Don’t let power of a paycheck hold you back from becoming all that you can be. You deserve to retire early, so that you may spend your time fulfilling your dreams.

Do you need a Million dollars to retire? Not necessarily. You may choose to retire a lot sooner than that. No, I am not asking you to shrink your dreams. You may still go on to gain wealth far beyond a Million dollars. That is entirely possible. But, when you have made it possible to replace your current income from some other means, you can retire and pursue your dreams full time.

Get out of that bondage. Have choice. Then do what you choose to. Retire early and enjoy your life.

*********************************************************** *********************************************************** This is an excerpt from a book titled Totally Financially Free by Vishy Narayanan http:/ otallyfinanciallyfree.com/specials You are free to use this article in your publication as long as it is not modified and this resource box is included *********************************************************** ***********************************************************