Forbes Magazine annually profiles the richest 400 people in America. In one of the issues people were asked what are the secrets to their wealth. Over 75% of the respondents answered that the secret to wealth is to get out of debt and stay out!
On average, Americans spend 34.5% of their after-tax income servicing interest on debt. Even those who pay cash for everything are transferring away wealth through lost “opportunity cost.” Isn’t it time we learned how banks make such fortunes, and use those strategies to our own benefit? To illustrate one principle, look at a 30-year mortgage for $200,000 at 6% interest. The monthly payment for principal and interest is $1,199.10. Of that, $199.10 goes to principal, and $1,000.00 goes to interest in the first month. Over 83% of the payment is going to interest! It may be called a 6% loan, but it sure doesn’t feel like it. The principle is that interest rates are not nearly as important as interest volume!
Many people have a GPS in their cars, showing them step-by-step how to reach their destinations in the quickest way possible. What if you had a GPS for your finances? A system giving you step-by-step directions for the fastest route to zero debt? One that could also guide you along the surest path to accumulate savings and build wealth? Could that help you gain peace of mind? Imagine a system that acts as a financial advisor available to you 24 hours a day, seven days a week, educating you about your financial choices-showing you in advance the financial impact of your purchasing desires!
Such a program now exists. Welcome to your financial GPS. Welcome to the Worth Account by Worth Unlimited™!