Do you know anyone who shows up at work because they have a mortgage, a car payment, or credit cards, not because they are passionate about what they do?
As a society we have been lured into thinking that buying things was a sign of wealth. That somehow we could consume our way into financial success. In the process, many families are now up to their eyeballs in debt, paying enormous amounts of interest and with no end in sight.
Do you know anyone who shows up at work, not because they are passionate about what they do and not because they are in love with the daily tasks which lie ahead? Instead, they show up because they have a mortgage, a car payment (maybe two of them), credit cards which demand to be paid and maybe even student loans if they are young.
How is it that in America, the Land of the Free, there are so many of us in this condition?
The real problem with debt is the ever increasing compounding of interest which consumes more and more of our incomes over time. According to David Jones, President of the Association of Independent Consumer Credit Counseling Agencies, many Americans spend about 35% to 45% of their incomes to service their debt which is considered the normal range but many people go over 48!
Some people say that we should have no debt, that we should pay cash for everything. Not true! The reality is that there is a finance cost for anything we acquire, even if we pay cash. Whenever we acquire something we either pay interest or forgo interest but there is always a financing cost.
So, what if you could recover some or all of the interest you pay and use that to create more wealth, over time, and use that to have a safer, more secure life? Security can come from having more capital. People grow more capital by saving more and by having more profits. They could do both if they had the ability to self-finance their own purchases and acquisitions.
There are several ways for a person to create this process. Some are better than others and we teach our clients how to develop their own system. The goal is to create a system where money can flow into and out of a vehicle which you own and control that will allow you, over time, to build capital and wealth. Ideally, we need to have liquidity, flexibility, control, and protection from creditors, reduced volatility, guarantees and other features if we want the best tool available.
We want a chance to have true freedom for ourselves, our families, our children, our grandchildren and the generations to come.