The DebtWealthPlan uses the optimal debt payoff strategy. With this plan, you first arrange all your debts in order beginning with the debt with the smallest number of remaining payments and ending with the debt with the largest number of remaining payments. Continue to make the minimum payment on every debt by the due date. Using the traditional "snowball" approach, when the debt with the smallest number of remaining payments is paid off, apply that debt's payment amount toward the debt with the next lowest number of payments. Continuing to make only the minimum payment on all the other debts. Keep repeating the process until each debt has been paid. Mary Hunt's "Rapid Debt Repayment Plan®" and John Cummuta's "Transforming Debt into Wealth®" utilize a similar payoff strategy.

The advantage of this method is that you will have success early and see your debts disappear more quickly from the start. And the sooner you see your debts disappear, the likely you will be to stick to the plan. The DebtWealthPlan includes additional information to assist you on your journey from debt to wealth, plus it includes the DebtWealthPlan Calculator and Net Worth Calculator to track your progress and help keep you motivated.

The distinct advantages of the DebtWealthPlan are the included DebtWealthPlan Calculator and the low cost of only $0.99. With the Calculator, you only have to enter the name of the debt or creditor, the interest rate, the balance remaining, and your monthly payment. That's all. The Calculator will automatically do the rest. It will calculate your actual remaining payments adjusting for both principal and interest. It will sort all your debts into the optimal priority order and will automatically display your new monthly payments. The Calculator also adjusts for the interest that is accruing during payoff and will show you the new payoff date compared with the old payoff date, it displays your total interest savings, and more. Read on...