You're Not Alone

Consider the following sobering statistics from American Consumer Credit Counseling, Inc.:

• The average balance on a credit card is $8,000.

• The average household has 10 credit cards.

• The average interest rate is 18.9%.

• Credit card companies solicit the average American 7 times per year through the mail.

• Credit card late fees are now $29.00

• Almost half the households in America report having difficulty paying their minimum monthly payments.

• In 1999, over 1.3 million Americans filed for bankruptcy, the highest in our nations' history.

• Americans paid out approximately $65 billion in interest last year alone.
  
  
  
  And, here are the real kickers:

• If your credit card balance is $8,000, and you make the minimum monthly payment at 18.9% interest, ($127 per month) it will take you 25 years, 10 months to pay off the debt. You will also pay $31,368 in interest charges (almost four times the balance), bringing your total to $39,368.

• If, for example, you didn't have your credit card payment of $127 a month, and instead you invested that money in a savings vehicle earning just an 8% return. In 25 years 10 months you could have an additional $130,376 in retirement savings, that could generate $10,963 per year of additional income during retirement.
   

Call or email me today to get your Free copy of  "Living Debt Free And Truly Wealthy" based on the 'Found Money Management™' Concept. Or, call to register for our next Educational Workshop