According to John Cummuta, president and founder of Financial Independence Network Limited, Inc. (F.I.N.L.), the Yuppie model of the eighties has turned up empty for many people living it, and the next generation that would be expected to step into that lifestyle is rejecting it, saying, "No, these people aren't happy."
Up until a few years ago, Cummuta
led such a lifestyle, working in a top paying position for a company that was doing very well.
"I thought, 'this is it, we've achieved the American Dream.'" At the time Cummuta drove a leased Corvette, his
wife a leased Oldsmobile Regency Brougham, and they were making payments on an airplane they kept at the airport not far from their large home.
"We did it all on credit," admits Cummuta
, "but we could make all the payments.
We were not being irresponsible in terms of our culture's norms."
Then the company Cummuta worked for suddenly went out of business, and he
found himself without any income.
"It was the worst two years of my life, and also the best two years of my life because it burned into me an understanding that I was not a success.
I didn't own anything.
I was renting a lifestyle and when I could no longer afford the rent payment, I was evicted from the lifestyle.
Out of that experience, Cummuta
developed a system that allows people to get completely out of debt, including their mortgage, in about five to seven years and F.I.N.L. was born.
Once you've stopped the bleeding, Cummuta's
Financial Freedom Strategy has three major stages: Pay off ALL debt first, operate strictly on a cash basis, and then focus all available cash on wealth-building.
A fourth stage that Cummuta
claims more and more Americans are choosing is to move to a cheaper, safer, and more enjoyable location.