Amortized Loans are Toxic Debt

Do you have a 30-year mortgage, a student loan or other amortized debt? Go find the amortization schedule you were given at the close of escrow; it takes almost 15 years before the principle portion of the loan payment equals the interest. During the term of the loan, you will pay out 80% to 120% of the original loan balance in interest- and that’s if you don’t re-finance along the way! What if you knew how to pay-off the loan balance in less than half the time and used your equity and cash-flow to purchase a rental property? 

Stop giving your fortune away to the bank. Most people are unaware just how financially powerful they are. Financial institutions, insurance companies, banks and brokers like Fidelity and TD Ameritrade market their financial products to us to make money. They put us into a self-induced coma of dependence; we take all the risk while they earn money over time from our cash flow with no consequences to them regardless of whether we succeed. Are you in a financial coma?

Respected leadership coach John C. Maxwell wrote in his book: Everyone Communicates Few Connect: “If you already work at connecting with people, you can learn to become better at it. And if you haven’t previously tried to connect with others, you will be astounded by how it can change your life.”