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Financial Secrets 4 Financial Freaks - Interest Rate Versus Interest Volume - What You Don‘t Know Is Costing You Thousands
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Financial Secrets For The Financial Freak in 15 Minutes or Less...
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Hey, it's our first episode of our mini podcast. This is a bite size segment that addresses key steps on how to turn your debt into wealth thus cancelling years of debt payments and saving tens of thousands of dollars in interest. Mortgages, Credit Cards, Debt, Banking secrets, Keys to wealth, steps for financial success; I dive into the hidden truths behind some of our everyday choices that could not only be keeping us in debt but even preventing us from becoming wealthy.
Quotes
• “Ever Wonder Why Banks Are In the Business of Lending Money? One word: Interest. Banks make a huge portion of their money by charging you interest on your loans. So, the lower your interest rate, the better. Right? Well, yes, but that’s only half of the equation — unfortunately, it’s not that simple.” (01:15-01:34 | Chris Heeb, The Debt Doctor)
• “The more money you owe the bank, the more your interest volume will be. Even with a rate as low as 2.99%, depending on how much you owe, up to 60% of your monthly payments could be dedicated to interest.” (02:06-02:19 | Chris Heeb, The Debt Doctor)
• “Debt is like a dark cloud of financial pressure and stress that follows you wherever you go. This is especially true when you live paycheck to paycheck, which, as of 2021, 54% of Americans do.” (04:10-04:22 | Chris Heeb, The Debt Doctor)
• “Discretionary income is the amount of money you have left over after paying for necessary expenses and debt service. Financial advisors recommend people do this — As of July 2021, only 25% of Americans say they have no emergency savings at all, according to a new study from Bankrate.” (06:01-06:19 | Chris Heeb, The Debt Doctor)
Links
To follow our podcast DebtDr911 and Financial Secrets for Financial Freaks In Less Than 15 Minutes please go to DebtDr911.com
To schedule a FREE Payoff Analysis please go to MoneyMaxNow.com
Please give us visit, like, or follow us on social media:
Website – www.NoDebtNoMore.com
Facebook Page – https://www.facebook.com/stldebtdr
Twitter - https://twitter.com/DebtDoctorStL
Instagram - @thedebtdr
LinkedIN - https://www.linkedin.com/in/debtdr/
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