Tuesday, November 28, 2006
SPECIAL ANNOUNCEMENT !
You Don't Want to Miss This One !!!!!!
"Becoming Your Own Banker"- 2 day Seminar , Orlando, FL
December 15th (6:00pm-8:00pm) and December 16th (8:30am-4:30pm)
Orlando Airport Marriot
7499 Augusta National Drive
Orlando, Florida 32822 USA
Sponsored by : Independent Financial Associates, Inc.
Toll Free: 866- 850-2933
Speakers: Nelson Nash, author of Becoming your own Banker and E. Uriel Acevedo, President of Independent Financial Associates, Inc.
For Complete Information visit: http://www.squidoo.com/becomingyourownbanker/
Sunday, June 11, 2006
Food for thought: Lets Buy a CAR !!!!- How many ways can you buy a car?
(copyright 2006 Pamela Yellen)
We're going to keep this as simple as possible and "level out the playing field." In order to do that...I am not factoring in a down-payment, trade-in value, or inflation
I'm going to assume you will buy a new $25,000 car every 4 years, from age 40-80. I assumed a conservative historical interest rate on your car loan, or lease, of 7.5%.
Do you remember the days before "Zero APR"? It's not a question of if interest rates will rise, it's when.
Option #1: Car Lease:
Reasonable Rob decided to lease from Widget Motors. Rob was pleased with the monthly lease payment $416 and didn't think much about the 7-1/2% interest portion $57.56 every month that was also part of that payment. Rob was looking to lease a new SUV every four years until he's 80 (and he can't see to drive anymore)! Widget Motors will require Rob to make a large down payment. The Widget Motor lease specifies that Rob must pay extra for depreciation, wear and tear, and high mileage.
At age 80, Rob's Total Cash Outlay is $199,680 and he has nothing to show for it!
Option #2: Bank or Dealer Financing:
Miss Melanie wanted a Widget Speedy with a rag top and leather interior every four years. And she didn't want to wait until she could pay cash. The bank told her that her monthly loan payment would be $604, of which $84 would be interest.
But after 40 years, Miss Melanie had shelled out $289,920.
Option #3: Pay Cash:
Slick Slater didn't have a huge income, but he liked luxury the limited edition Widget Wunderbar Car. He knew about the high "price" of financing a car purchase through a bank or car dealership. He figured out a way to beat the system he'd pay cash.Every four years for 40 years, on January 1st, Slater took $25,000 out of his savings account to buy the latest Wunderbar Car off the assembly line. He congratulated himself on his taste in cars, and his "smarts" in financing. But how smart was he, really?
Over 40 years, his Total Cash Outlay was still $250,000 and all he had to show for it was one 4-year old car.
Slater was on the right track, but he'd missed one very significant concept:
Whether You "Buy on Time" or Pay Cash,You Finance Everything You Buy!
That's because you either pay interest to a bank or finance company OR you give up the interest you could have earned on your money had you invested it, instead of paying cash. (Copyright 2006 Pamela Yellen)
Is There a Better Way? You bet there is !
For Details go to: www.findoutmorenow and enter Pass Code: UA25
There you will be able to download a FREE special report that will give you the details.
You will NOT be asked to BUY anything and you will not recive any further information UNLESS you ask for it.
(copyright 2006 Pamela Yellen)
We're going to keep this as simple as possible and "level out the playing field." In order to do that...I am not factoring in a down-payment, trade-in value, or inflation
I'm going to assume you will buy a new $25,000 car every 4 years, from age 40-80. I assumed a conservative historical interest rate on your car loan, or lease, of 7.5%.
Do you remember the days before "Zero APR"? It's not a question of if interest rates will rise, it's when.
Option #1: Car Lease:
Reasonable Rob decided to lease from Widget Motors. Rob was pleased with the monthly lease payment $416 and didn't think much about the 7-1/2% interest portion $57.56 every month that was also part of that payment. Rob was looking to lease a new SUV every four years until he's 80 (and he can't see to drive anymore)! Widget Motors will require Rob to make a large down payment. The Widget Motor lease specifies that Rob must pay extra for depreciation, wear and tear, and high mileage.
At age 80, Rob's Total Cash Outlay is $199,680 and he has nothing to show for it!
Option #2: Bank or Dealer Financing:
Miss Melanie wanted a Widget Speedy with a rag top and leather interior every four years. And she didn't want to wait until she could pay cash. The bank told her that her monthly loan payment would be $604, of which $84 would be interest.
But after 40 years, Miss Melanie had shelled out $289,920.
Option #3: Pay Cash:
Slick Slater didn't have a huge income, but he liked luxury the limited edition Widget Wunderbar Car. He knew about the high "price" of financing a car purchase through a bank or car dealership. He figured out a way to beat the system he'd pay cash.Every four years for 40 years, on January 1st, Slater took $25,000 out of his savings account to buy the latest Wunderbar Car off the assembly line. He congratulated himself on his taste in cars, and his "smarts" in financing. But how smart was he, really?
Over 40 years, his Total Cash Outlay was still $250,000 and all he had to show for it was one 4-year old car.
Slater was on the right track, but he'd missed one very significant concept:
Whether You "Buy on Time" or Pay Cash,You Finance Everything You Buy!
That's because you either pay interest to a bank or finance company OR you give up the interest you could have earned on your money had you invested it, instead of paying cash. (Copyright 2006 Pamela Yellen)
Is There a Better Way? You bet there is !
For Details go to: www.findoutmorenow and enter Pass Code: UA25
There you will be able to download a FREE special report that will give you the details.
You will NOT be asked to BUY anything and you will not recive any further information UNLESS you ask for it.
Friday, June 09, 2006
Hi I'm E. Uriel Acevedo, this blog will introduce you to a LIFE CHANGING Financial Strategy called: BANK ON YOURSELF(TM), It's helped hundreds of clients grow their wealth without risk or worry, reduce their taxes, and achieve their dreams of financial security. Bank on Yourself(TM) has my clients are on track to building more than $100 million of additional wealth they would not have had otherwise, through this safe and proven financial strategy.
I am one of only 160 financial advisors in the country who have successfully completed the rigorous training program and continuing education required to become a Bank On Yourself (TM); Certified Advisor.
Through Bank On Yourself (TM), I teach my clients how to recapture the interest and finance charges that they were giving away to Banks, Credit Card and Finance companies as well as the entire purchase price of Big Ticket items (such as cars, homes, college educations, business purchases etc.) and turn ALL that recaptured money into personal wealth and tax-free income in retirement. [Copyright 2006 Bank on Yourself(TM)]
Start by visiting: http://www.findoutmorenow.com/ Enter Pass code: UA25
