How to get a risk free double digit return on your money!

You’re about to learn some closely guarded information you’ll never hear from bankers, brokers, insurance agents, or credit card companies. Many love to keep you in the dark about debt, credit, and investing so they can keep getting richer at your expense.

If you don’t do something about it, more than half your lifetime earnings will eventually end up in the bulging pockets of others. Think I’m kidding? Read on.

Banks and lenders are robbing you blind, as the real interest rate of your home mortgage may be as high as 200%! Let’s use this example. Average home costs 225K, assuming you have good credit and you get an interest rate of 5.7%. Now this is where it gets interesting, you have options to spread out your loan to 25, 30 or 35 years.

At 25 years, you will be paying 194,906.41 in interest alone before it is paid off. At the end of the 25 years you have paid 419,906.41 for that 225K house. At 30 years, you will be paying 241,714.81 in interest alone before it is paid off. At the end of the 30 years you have paid 466,714.84 for that 225K house, now almost double. At 35 years, you pay 290,772.51 in interest or that 225K house has cost you now 515,772.51! In case you have not got it so far, the bank always pays them selves first!  In fact it will take you almost 15 years of payments ( on a 25 year mortgage) to break even on a principal and interest payment balance. There is also no guarantee that your real estate will appreciate at the same interest rate the bank is charging you!

Credit card companies lure you with the “prestige” of their credit cards. Meanwhile, you’ll end up paying them two, three, even five times what you actually spend on products and services! Would you pay $17,500 for something worth $3,500? Well, that’s exactly what you’re doing when you charge $3,500 on a credit card!

There are over 50 Million credit cards in circulation in Canada, or over 2 per adult. Over 22 million of those cards carry a monthly balance. Canadians owe over 50 BILLION in credit card debt! Our national mortgage debt tops 500 Billion. Here is a scary fact, for every dollar of disposable income that we have, we owe $1.25 to debt. We are not making any real progress. 

Who’s winning this game, give you one guess and it ain’t us!

Most people believe that the stock market is a better investment than paying off their debt. However the truth is, when you pay off your debt you can get a Guaranteed Return of up to 20% a year. Try getting that in the stock market! Especially with the recent volitity that we have seen in the past week or so, investing in stocks can be a risky proposition.

Let Craigburn Capital show you how to steer clear of the traps and put you on the path to financial freedom. You’ll learn how to get rid of all your debts in as little as 5-7 years and possibly retire a debt-free millionaire. It’s easier than you think. Contact us today so we can show you how.

Cheers,

Pat