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Over the years I've evaluated many debt elimination systems. The best one I've ever seen is also one of the simplest. So let me introduce you to...

The Best Iron-Clad, No-Holds-Barr

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

ed, Fool-Proof, No-Fine-Print, Debt Elimination System Ever Developed - Bar None

Just follow the following 10 steps...

Go back one year and record all of your expenses

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

You need to go back that far to make sure you account for seasonal spending. Check bank statements, cancelled checks, credit card statements, anything you're spending money on.

Carry

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

little notebook with you for a couple a weeks and record anything you're spending cash on. For example, that cup of Starbucks coffee that you can't seem to do without. You'll be amazed

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

at how much is falling through the cracks on that kind of stuff. I realize that this part is a pain. But the payoff will be tremendous.

Divide your expenses by 12 to get your

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

verage monthly expenses.

List the balance owed for all of your debts, including your mortgage. If you can't find it from your records, call your creditors and lenders and ask

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

hem.

List the minimum monthly payment for all of your debts. What is the total of all your minimum monthly payments? Let's say, for example, the total is $2,000 per month.

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

Divide the balance owed by the minimum monthly payment for each debt. This will give you the number of months it will take to pay off each debt assuming the minimum monthly payme

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

Rank your debts by how many months it will take to pay off each one. The fewest number of months all the way down to the most number of months.

Prioritize your de

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

ts by the number of months it will take to pay off each one (again, assuming the minimum monthly payment). Your highest priority debt is the one that you can pay off in the fewest numbe

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

of months. Your lowest priority debt is the one that will take you the most number of months. That will probably be your mortgage.

Okay, in step Number 4, you totaled your mo

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

thly payments on your existing debts. We are using as an example a total of $2,000. Take 10% of that total, or $200.

Re-direct $200 that you are already spending on something

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

lse to apply to getting out of debt. Don't tell me that you can't find the $200 because you can. I've worked with thousands of people in helping them improve their financial lives and I

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

know you can do it. It may come from $20 here, $25 there, $30 from this other thing, but it's there. We all spend more than we think we do.

Apply the $200 to your highest prio

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

rity debt. It will be the one that you can pay off in the fewest number of months. For example, if the minimum monthly payment on your highest priority debt is $200, you are now paying

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

400 per month toward paying off that debt.

Once that debt is paid off, you now have $400 a month to apply to the second highest priority debt. For example, let's say the minimum monthl

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

payment for your second highest priority debt is $250. You are now paying $650 a month on that debt ($250 + $400).

When that debt is paid off you have $650 a month to apply to the nex

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

highest priority debt. You keep doing that until you're completely out of debt including your mortgage.

The beauty of this system is that you'll be totally debt-free in ju

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

t a few years and the only extra money that you committed to paying off your debts is the original $200 that you applied to your highest priority debt.

Also, you now have $2,200 a mont

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

($2,000 minumum payments on all your debts plus the $200 extra commitment) that you now can apply to investments. And it's those investments that are going to make you financially free

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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