Sunday, October 09, 2005

How Many Times Did You Pay For That Purchase?

How many times will you pay for that furniture? Did you know that if you are like the average US citizen, you have $7,000 in credit card debt? If you pay just the minimum payment each month, it will take you more than 20 years to pay it off. That translates to the sad fact that you will be paying approximately $34,000 big bucks to pay back the original $7,000 you thought the furniture cost you in the first place. Of course, this is assuming that you never use the card again during the rest of the 20+ years that it takes to pay off the furniture purchase.

Now what if you could generate an additional $500 a month in your own business? Could you then apply that to your credit card company in addition to the minimum payment expected? If you did, it would take just a little bit over a year to pay off your debt. This translates to you saving over $33,000 that you would not have to pay as interest payments.

Many people get caught up in credit card debt and can't see a way out. Sorrowfully, what many will do is pick up the phone to call that toll-free number of the bank that will grant them a consolidation loan against their home to pay off those credit cards. Interestingly, all that does is transfer the debt from one area of life to another. Then, usually within 12 to 24 months, they will have their credit cards maxed out once again. Ouch!

Luckily we specialize in showing people how to generate extra cash flow in their lives. Many take this extra money and pay off those credit cards. As a result, they find they only have to pay for their furniture once, instead of 5 times. If you are ready to find out how you can create a new income stream in your life, then send us an email with your name, phone number, and the best time to call. We will show you how to get started today. CLICK HERE to send the email.

To Your Success,

Stephan Bourget
Success Team Builders

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