The Two-Income Trap -- Why Middle-Class Mothers and Fathers are Going Broke, by Elizabeth Warren and Amelia Warren Tyagi, reveals a disturbing trend in  family finances:

"The people who consistently rank in the worst financial trouble 
are united by one surprising characteristic. They are parents 
with children at home."

These days it's virtually impossible to raise a family without two incomes. Mom HAS to work!

Moreover... mom's job doesn't provide the financial buffer expected of an additional household income... 

"Today, after an average two-income family makes its house 
payments, car payments, insurance payments, and child care 
payments, they have LESS money left over than their single 
income counterparts of the early 1970's."

Historically, mom was a sort of backup financial safety net. If dad lost his job, mom could go to work to bridge this income gap. Today, with consumer debt over 
$2.1 TRILLION...

Mom's takehome pay just about covers household debt payments.

Because there is no extra woman power to deploy in times of financial emergency, and there is no 6-month Rainy Day Fund safety net, one laid off spouse can lead to bankruptcy. 

In fact, two working spouses doubles the odds of a layoff, making two-income families MORE risky, not less!

Mortgages, car notes, credit card payments, health insurance, student loans, and home equity loans, requiring two incomes, cannot be paid by one.

The trap is sprung!

Financial experts suggest a way out of this trap: Replace the lack of a backup worker safety net with a 6-month Rainy Day (i.e., Layoff) fund...

I don't believe financial experts live in the real world...

Americans are Currently Saving Less Than 1% of Their Disposable Income 

If families are already spending every cent they make, how will they save 6 TIMES THE TOTAL of ALL of their monthly expenses BEFORE an emergency strikes?

Looks impossible, doesn't it? Using conventional financial wisdom... it is!

Let's implement a pro-family instead of conventional solution to the real problem...

30% to 40% of Family Paychecks are 
Consumed by Debt Payments!

When you pay off ALL of your debts as fast as possible -- 60 to 84 months is the average for clients using my all-inclusiveDebt Freedom system -- 

DebtIntoWealth -- Lessons From My Journey to Debt Freedom

you recapture 30% to 40% or more of your income from your creditors.

You'll Cut Your Cost of Living in HALF!

You'll Build Your Rainy Day Safety Net in a Matter of Months!

Your Family Can Prosper on One Paycheck!

As you can see, this isn't really a "Two-Income Trap" after all. It's a Debt Trap enabled by two incomes!

Escape your creditors and you will escape this trap!

Debt-Free ownership of everything as quickly as possible -- home, cars, education, and everything bought with a credit card -- positions your family to survive the predominant maladies driving two-income families into bankruptcy: Layoff, Illness, and Divorce.
 

"Using what you teach in your book, my wifes Honda Accord was paid off  in 18 months instead of 60 months. I also paid off my Hyundai Elantra in 16 months instead of 60 months.  We should have our home COMPLETELY paid for within the next 4 years. That goal will be accomplished before my wife and I turn 40 years old." Brian & Tamika Kelley, Durham, NC

Using my DebtIntoWealth Course, Custom Debt Freedom Software, Clients-Only Monthly Newsletter, and Personal eMail Consultation, you too, are going to pay off every dime of your consumer debts -- credit cards, car notes, student loans, medical bills -- in about 1 to 3 years...

You're going to pay off hundreds of thousands of dollars in home equity loans and 30-year mortgages, if you have them, in another 3 to 4 years...

And you're going to do all of this using the money you ALREADY make!

 
I designed my Debt Freedom system to capture and communicate, step-by-step and with a touch of humor,  life enhancing lessons and strategies Elizabeth and I learned while achieving Debt Freedom. 

I include  information I teach in my 3-hour seminars taught at  Corporations, The University of Texas at Austin, Austin Community College, Conferences, and Churches enabling most Americans... in fact, most wage earners in industrialized countries with a middle class -- Americans, Canadians,  Australians, New Zealanders, Europeans -- to virtually eliminate financial disaster associated with Layoff, Illness, or Divorce. 

Here's an overview of some of the Lessons and benefits you'll discover in my Course Manual:

Your first and crucial step is to pay off ALL of your debts as quickly as you possibly can. This is the exact opposite of  the save money advice most financial experts provide. 

Using  your Course manual, you'll discover "saved money" while you are in debt is really an illusion perpetuated by the very institutions you owe money to. Here's a clue: Who does it profit more to keep your money in a bank at less than 1%? You? Or your bank?

 
Rapid Debt Payoff is catching on in some enlightened financial circles:
 

"Everyone should be aggressively paying off MORTGAGE debt as fast as possible."  Suze Orman, financial planning self-help guru and author of six best-selling financial self-help books

Suze has always advocated paying off credit cards. Now she includes your mortgage, highlighting the devastating impact of debt on ordinary families.