The Power of 1 eHow Article:
One eHow article has the power to pay off a substantial amount of credit card debt over the years. For those of you who are trying to write and earn residual income to help pay off debt, this article should help you get motivated. I'm always trying to find ways to justify my writing online. Sometimes it's hard to get motivated to sit down and writing an eHow article for an hour knowing it will only earn you a penny or two per day.

eHow Earnings Have a Huge Impact on Credit Card Debt:
Most people would agree that for each eHow article you write, you can expect to earn $0.30 - $1.00 per month, $3.60-$12.00 for the year. If you use this money to pay off credit card debt, then the benefit you get per article increases substantially. As long as your article stays up on eHow, the residual income can have a significant impact on your credit card debt.

Residual Income Pays Off in the Long Run:
For example, assume you have a $1,000 balance on a credit card with a 15% interest rate. Also assume that you save up your eHow earnings all year and apply it towards this balance. If your article averages $0.50 per month or $6.00 per year, then you would earn $30 over 5 years, and $60 in 10 years. Yes, that 1 article you write today could earn $60 over a 10 year period. That's a nice hourly rate!



1 eHow Article Can Save you $140 in 10 Years:
Now consider if you applied this $6.00 per year to a credit card with a 15% interest rate. After 5 years you would have paid $45 towards principal and finance charges. After 10 years you would have paid $140 towards principal and interest for just writing 1 eHow article! Now just imagine how much principal and interest you could pay off with 100 or even 200 eHow articles.