Marty T. Waters

Marty T. Waters Martin Waters is a Retirement Success Coach who is committed to changing the way people think about and prepare for every aspect of retirement.

How old will you be when you're debt free? I'll be 69 with the ability to be debt free by the age of 65 from the WizeFi ...
10/14/2022

How old will you be when you're debt free? I'll be 69 with the ability to be debt free by the age of 65 from the WizeFi Projections below including my mortgage!

10/13/2022

5 Ways to Eliminate Debt Right Now!

Hey everyone,

A lot of people have been asking me for practical tips to eliminate debt, so today I wanted to share a list of my top 5 ways to make an immediate impact on your debt right now.

1. Sell non-productive assets to pay off debt. A non-productive asset is something that’s worth value, doesn’t earn money, and depreciates over time. Your car, furniture, and things in your home are typically examples of non-productive assets. Right now, you can
make a list of all these assets, sell the ones you don’t need, and then apply that money towards your debt. We call this strategy Asset Swapping.

2. Apply purchase savings towards your debt. If you shop in stores, you might notice that receipts often cite an “amount saved by shopping here”. When you see this amount on the receipt, go into your bank account and apply that amount towards your debt. That
way, you’re always applying some money towards paying off debt with every purchase. You can also deposit these amounts into a savings account and apply it towards your debt at the end of the month to minimize payments.

3. Negotiate your bills & interest rates. Did you know that you can call your doctor’s office or hospital to negotiate your medical bills? Most banks are also willing to negotiate interest rates and delinquent credit card bills. Before calling them, make sure you collect some information first such as your last missed payment date (if applicable), how long you’ve been a customer, and credit score progress during that time.

4. Focus on paying off your smallest debt first. This strategy is known as the debt snowball method where you pay off your debt from smallest to largest. Although this strategy can result in more interest being paid over time, it’s often more psychologically
effective to help you generate quicker wins and stay consistent over time.

5. Consider a credit balance transfer. Many balance transfer credit cards have 0% APR for up to 18 months. Transferring your credit cards can help you push out the interest owed. However, it may require a certain credit score, transfer fees, and still result in
interest payments after the promotional period has ended. Make sure to carefully understand the terms and conditions before completing a balance transfer.

6. Get started right now. If you’re not intentional with your money, you’re probably giving it to someone else who is. These strategies are only helpful if you put in the effort to implement them every single day. If you want to get started today, keep on reading to
learn how!

These are just 5 of the 200 strategies inside my collaboration with WizeFi’s brand new Debt Freedom course.

Next Step: I’ll be hosting a free 4-week coaching program next week to walk 10 people through this exact course (which is also free!). By the end of this program, you will have taken control of
your money like never before and created a customized plan to eliminate debt in just half the time.

Let me know if you want to be one of these 10 people, and I’ll get you more information.

Question: What are some other strategies you know to eliminate debt quickly? Comment below, and let’s talk about them!

10/12/2022

Hey everyone!

Next week, I’m launching a free 4-week coaching program to help 10 people eliminate debt in just half the time. These spots are limited to a first come first serve basis.

If you'd like to participate, comment below and I'll get you more details.

Why: It’s no secret that money is getting tighter for people. The average millennial owes more than $100K in consumer debt, and it’s only going to get tougher as inflation and interest rates
continue to rise.

Now is the best time to take control of your debt, and I want to make sure everyone in my community has the necessary resources to do it.

What: I’ve been working with a company called WizeFi to create a step-by-step course that helps people eliminate debt in just half the time.

This 30-day course is packed with over 200 practical resources to help you develop positive money habits, reduce monthly expenses, and even earn more income.

During my 4-week program, we’ll complete this entire course together. As a result, you will have created a customized plan to eliminate debt which includes an optimized budget and wealth building strategy.

How: Comment below if you want to participate in this free 4-week coaching program, and I’ll send you more information.

Cheers to debt freedom!

Great article about how important financial literacy is with our current situation...
11/17/2020

Great article about how important financial literacy is with our current situation...

Commentary: COVID-19 shows why personal financial literacy and health must be a national priority, writes Carrie Schwab-Pomerantz.

What does financial freedom mean to you?
09/04/2020

What does financial freedom mean to you?

So True!
09/02/2020

So True!

Headed in the Right Direction: Managing Debt for Millennials...Three simple words can strike fear into the heart of any ...
09/01/2020

Headed in the Right Direction: Managing Debt for Millennials...

Three simple words can strike fear into the heart of any millennial:

Student.
Loan.
Debt.

The anxiety is not surprising: Members of the Class of 2019 had an average of $39,400 in student loan debt.

Nearly $40 grand? For that you could travel the world. Put a down payment on a house. Buy a car. Even start a new business!

But instead of having the freedom to pursue their dreams, there’s a hefty financial ball and chain around millennials’ feet.

That many young people owing that much money before they even enter the workforce? It’s unbelievable!

Now just imagine adding car payments, house payments, insurance premiums, and more on top of that student debt.

No wonder millennials are feeling so terrible: studies show that graduates with debt experience feelings of shame, panic, and anxiety.

Now is the time to get ahead of your debt. Not later.

Not when it’s more convenient or feels less shameful. You have the potential right now to manage that debt and get out from under it.

So how do you get out from under your debt?

Sometimes improving your current situation involves more than making smarter choices with the money you earn now.

Getting out of that debt ditch means finding a way to make more.

There are 2 things you can monetize right now:
• Your education
• Your experience

Both have their own challenges. You may not have spent much time in a particular field yet, so not a lot of experience.

And what if you’re working a job that has nothing to do with your major?

Two speed bumps.

One right after the other.

Don’t get discouraged because you can still gain momentum in the direction you want your life to go!

How?

A solid financial strategy. A goal you can see. A destination for financial independence.

Debts can become overwhelming – remember that stat up there?

But with a strategy in mind for the quick and consistent repaying of your loans, so much of that stress and burden could be lifted.

If you need some help in getting you rolling in the direction YOU want to go...

Don't hesitate to reach out for a free financial strategy session where I can help you develop and achieve your financial goals faster!

Thought this was a great one for any parent out there!
08/31/2020

Thought this was a great one for any parent out there!

The Difference Between Retirement And Successful Aging...Many people assume that retirement and successful aging are som...
08/25/2020

The Difference Between Retirement And Successful Aging...

Many people assume that retirement and successful aging are somehow the same, or at least intertwined together.

However, they are not synonymous and in fact, are two very different factors that don’t simply merge together as people make the transition from work-life to home -life.

One of the initial factors that keeps retirement and successful aging separate from each other has to do with the concept of aging itself.

Yes, we all age, but many people don’t perceive the need to “age well” or at least age better until they reach retirement.

Making it appear like a linear process where one works through life, starts retirement, and then a few years later, begins to focus on aging well.

This is evident in conversations and workshops that I have conducted with baby boomers who identify their health as an area they need to improve, but often put it off with statements such as:

“When I’m retired, I’m going to walk every day… I’ll be at the gym every morning… or I’ll eat better and drink more water.”

While retirement may provide more time to work-out and prepare healthier meals, it doesn’t come with any special fairy dust that suddenly provides extra motivation, desire, or discipline.

In fact, retirement tends to magnify the existing behaviors and habits of people, not change them. Therefore, retirement doesn’t foster or lead to successful aging, it can actually work against it.

The foundations for “successful aging” date back to 1950 but didn’t become popular until the late 1990s when John W. Rowe, MD, and Robert L. Kahn, PhD, published the book, Successful Aging.

Their research played an important role in changing the stigma surrounding old age, moving the conversation from the negative aspects of decline to the productive and positive aspects of aging.

As part of their work they defined successful agers as having:

• No disease or disease-related disability and a low risk of
developing either.

• High mental and physical ability.

• An “active engagement with life,” meaning good relationships
and productive activities.

As you might expect, studies suggest that when older people are judged solely on this model, less than a fifth make the cut.

Fortunately, additional research has been added to Rowe and Kahn’s work, building on the concept to include aspects of physical, mental, and social components to name a few.

This broader model highlights two additional factors about retirement and successful aging that don’t get enough attention.

The first is that mental health is just as important as physical health.

In other words, aging well in retirement isn’t just about exercise and what people are eating, but also the things that can eat at them.

This is supported by studies that have shown that depression and strain can be just as detrimental as poor physical health.

Second, most people understand the importance of interacting with others, but when it comes to life in retirement and making the most of it, social interactions and social support become more important than ever.

Researchers have established that loneliness can lead to a decline in physical activities, which is obviously bad for aging well.

Scholars also suggest that the quality of one’s connections are more important than the number of them.

Meaning it’s not about having a large social network, but rather, one in which a retiree can feel supported and encouraged.

Another issue at hand, has to do with semantics.

The term “successful aging” can be very subjective and imply one is failing if they don’t meet certain criteria.

As a result, terms such as successful adaption, productive aging, or positive aging have also been used to make the concept more applicable and inclusive.

As a result, people have some flexibility and can choose what successful aging means to them.

New data supports this as for most senior citizens, subjective quality of life is more important than the absence of disease and other objective measures relating to physical health.

Thus, opening the door for people to be more intentional in planning for all of the non-financial aspects of life after work.

Overall, understanding the link between retirement and successful aging is important because successful aging begins well before retirement and needs to extend beyond the physical aspects.

Furthermore, if future retirees want both successful aging and retirement to work in concert together, it’s essential to start now and develop a definition that is inclusive and supportive to one’s personal situation and capabilities.

Hope that helps!

This has become such a powerful quote in my life!
08/23/2020

This has become such a powerful quote in my life!

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