This is why just looking at interest rates has gotten so many people into financial trouble. We must also understand interest volume & interest velocity.
Compare how much you are paying with how much you are earning — in dollars rather than percentages.
First we will begin with how much you are really paying? Follow the instructions below.
Click on picture to enlarge
Last Edit: 15 May 2012 @ 04:18 AM
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Categories: ACT Software Overview, BUSINESS, CLIENT LESSONS, DEBT ELIMINATION, L16) How to use MMA5 with IBC / PRS, Privatized Business Banking
- Isabelle Roughol Journalist
- January 23, 2012 • 5:30 am PST
Does Refinancing to a Lower Interest Rate, Lower Your Debt and Save You Money?
We are taught to focus all our attention on interest rates but by only looking at interest rates, we miss the fact that refinancing often increases our debt load, not decreases it, like many believe. Let’s first look at the cost of a mortgage. Why is refinancing pushed as a beneficial option? Why are 1st time mortgages set up with higher interest rates that are encouraged to be lowered, via refinancing, a few years down the road with enticing lower monthly payments and interest rates? The link below portrays a $200,000 mortgage @ 6% over 30 years. Look at the first 5 years of the amortized schedule. Now look at the cost of this $200,000 mortgage. It is $231,677, which is an interest charge equaling approximately 116% of the amount borrowed over 30 years.click to view full 200,000 mortgage amortization schedule More »
Categories: Cost of Refinancing, DEBT ELIMINATION
Click twice to Enlarge
http://www.visualeconomics.com/a-lifetime-of-debt-the-average-americans-financial-journey/
If you own the debt, how would this game of debt make you feel? A little different, right. We are educated to look at debt through the eyes of the borrower.
Debt makes the owner wealthy as it is an asset to them. They are earning the interest and control all the terms. So if you spend the time necessary to understand that there are other players in the banking game, you could turn your debt into an asset also.
There is a way where you can be the bank owner, the banker, the borrower and the saver/depositor. In this scenario, you are in control, you make the terms, you earn the interest, you recapture the principal, you become wealthy.
Please contact me today so I can show how possible, and actually easy, it is to Become Your Own Banker. Jennifer Hansen 845 – 649-7487
Categories: Lifetime of Debt
The ACT Automated Cashflow Technology Software is a wonderful took for tracking your IBC loans etc. As the owner of your own private capital reserve system, wouldn’t you want to make sure you are in full control of what is going on in your system at all times. I know I do. And I do it with this software. What’s the use of owning your own infinite banking or private reserve system if you are not willing spend the necessary time to track it?
Click here to view video.
Call me today if you would like to learn about my discount offer.
This is more than an awesome debt elimination tool, it is a wealth management and cash flow management personal financial system. Jennifer Hansen 845 – 649-7487 Jennifer@DebtDiagnosis.com
Call me if you want to know how you can get a discount on a
Money Merge Account Software system, version 5.
Jennifer — 845 – 649-7487
Make it to one of the live webinars during November to check out the awesome features of the new Money Merge Account version 5. Debt or no debt you will want this, especially if you have multiple accounts and or mortgages to keep track of.
Click on logo above to find the live webinar links for every Tuesday and Thursday during November. See you there.
Click here to view video
For more information about the Money Merge Account system please check out the videos and articles I have written about the six bank strategies the software uses the guide you out of debt.
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