Who Is In Control, You or The Government?

Governments don't have to tell you...

When you can buy a home, or retire, allowing them to have that kind of power is extremely dangerous. There is only one reason why they are interested in helping you: to profit from your lack of confidence. Let's change that feeling because all you need is enough assets to be able to live off of for the rest of your life. And, YES, it is possible to create those assets fairly easily. We've been misinformed so much that we believe it's impossible. YOU NEED TO KNOW IT IS POSSIBLE!

One way is to count on your own ability to grow and save money without government help. That is by working compound interest in your own favor. The miracle of compound interest is a wonderful thing if it’s working for you and not against you. If your debt has COMPOUND interest ( loans, credit cards, mortgages, car loans), it's interest that's charged on your interest owed. That's a very BAD thing. If you have a savings or investment account, it’s money you earn from the interest you’ve earned. That’s a very GOOD thing.

"Compound interest is the eighth wonder of the world," is one of the greatest sayings. He who understands it earns it. He who doesn’t pay it.” It was Albert Einstein’s quote, as he describes compound interest perfectly.

Let's take a closer look at COMPOUNDING …

Let’s look at a savings account. Say you have a savings account with $1,000 in it and you earn 6% APR – that stands for annual percentage yield. With simple interest, you’d just earn $60 off your $1,000 in one year. But because of compound interest, you earn more. Let’s break it down. Each month, your account earns 0.5% interest, which is $5. So at the end of the first month, you have $1,005 in your account. So the next month, when you earn 0.5% interest, you’re earning it on $1005, which is $5.025 (we’ll round it up to $5.03) instead of $5. Because of compound interest, you’ve already earned an extra three cents. Your new balance is $1,010.03, which earns you $5.05 in interest. You picked up an extra two cents for a new balance of $1,015.08. Over time, those couple of cents add up and you earn more and more.

Now let’s look at the dark side of compounding interest. Let’s say you have a $5,000 balance on a loan with compound interest, and it has a 15% APR – that’s the annual percentage rate – and it compounds daily. If you wait 30 days to make your first payment, your balance will already be up to $5,063.70. That means even if you made payments of $63.70 every month, the outstanding balance would stay the same for the rest of your life.

>Compound Interest Calculator<

As you can see, compound interest can be very expensive if you are paying it. That’s why I make a few recommendations when it comes to credit cards. One, try only using 30% of your credit limit, if possible. That looks good to credit bureaus. It keeps the interest you are offered by lenders at a lower rate and helps you achieve higher credit scores. Two, always pay the full amount charged on the statement date and not the due date. So, if you can’t afford to pay cash, don’t use your credit cards. If you do, know that the price you pay will be much higher than the ticket price, and that’s taking into consideration the cost of the item with the compound interest you will pay.

Get out of debt as soon as possible, and then make your money work for you instead of others. Several well-vetted, safe, and guaranteed methods exist to have your money compounding for you daily, while you maintain your lifestyle. If not, it will continue to work against you 24 hours a day, 365 days a year. Leave the compounding to do its work while you take control of your money.

Here is a very easy and simple rule of thumb that tells you how much money you need to retire early. It states that you need to have 25 times your yearly living expenses saved or invested in order to retire early. So, you just need to calculate your living expenses and then multiply them by 25 to get the amount that you would need to retire early. Then it’s time to set your money up to compound daily. You can do that without the government, without locking it away so that you can’t get at it if you need to use it when life happens. Without having to pay taxes and fees to use your own money. They wouldn’t tell you how, but I will, IT IS POSSIBLE! And that’s because it’s what THEY do??!!

The best way to reach your savings goal at a young age is to increase your savings rate. One thing they don't tell you is with the right tools, anything is possible. Learn about private equity banking, also called infinite banking, in order to achieve it safely, and easily, and enjoy your life in the process. Please contact us for more information. The conversation is free, the information is free, and the knowledge is priceless!!