I was wanting to do the same thing with my LG wave You can download a free version of Tunebite at tunebite.com & this will allow you to decode any song you have on you puter into a mp3 file or 2 other types of files. I have made over 25 ringtones using this software. I also found it more convenient to put the files on my microsd card & then transfer them to the phone. Windows Movie Maker software is another software program you can use to do ringtones.
is there a free program i could download i can convert my mp3 to ringtone size for my verizon wireless cell phone or someway to have an mp3 as a ringtone?