There is a financial crisis in our country, and it is DEBT. In the past decade, there has been a steep increase in how much debt we are carrying. Americans are struggling with mortgages, credit card debt, medical expenses, and student loans. Families aren’t able to save what they need to fund life’s big expenses, such as education, major purchases, and weddings and don’t have nearly enough put away for a stress-free retirement. The average American actually saves less than 5% of their disposable income.
The major contributing factor to households having so little savings is because of the huge amount of interest they are paying on consumer debt – credit cards, car loans, personal loans, student loans, mortgages…..The volume of interest is consuming a disproportionate amount of their earnings – in fact, 34% of every after-tax dollar goes to pay interest to someone else! Most Americans have worked hard, have decent jobs, and make a comfortable living, but the debt is killing them, and many do not see a way out. They have come to expect that that’s just the way it is, everyone they know is in debt too, but there is a way out!
For those of you that know me, you know I have been a student of Infinite Banking for many years and am always looking for new ways to share the power of IBC with others. I recently spent several days learning a proprietary system, called Your Family Bank that can help people pay off ALL debt, including their mortgage and student loans, usually in 9 years or less, and in most cases, without spending anymore more money than they are spending now.
Here is a link to a video that will give you a great overview of how YFB works:
Please feel free to share this with anyone that you know that would love to eliminate their debt. If after viewing this video you would like to learn more, please give me a call. I am here to help! It is never too late to take steps to improve your situation!
To your financial health-
Tom
