If you use money to pay down a credit
card you get a guaranteed 18% return.
Fact:
Return is money that you actually
get back and can spend or save. When you pay down
a credit card you get no return, you only avoid paying
interest; there is a big difference.
The
truth that you don’t really get a return
from paying down credit card debt may seem academic
and irrelevant but it is more relevant than you
might think. Have you ever asked the question
why anyone would keep $1,000 in a 3 to 5% savings
account when they have $1,000 worth of credit
card debt at 18% interest? The answer is simple:
Liquidity.
There are more considerations in
finance than simply the highest return. One of
the most important is liquidity. If you have no
savings you are exposed to many of the true dangers
in finance. Savings is the only way you can get
out of and stay out of debt.
Follow this reasoning: when
you spend more than you make in any given month
the money has to come from somewhere, savings
or debt. The only way to get out of and stay out
of debt is to not make new debt, and the only
way to not make new debt is to have cash in savings
for those times that you spend more than you make
on necessary things.
OUR
GUARANTEE!
If we cannot show you how to achieve the results
of the Cash Advancement ProcedureSM, we will pay
you $500.
