|
Transforming Debt into Wealth A Proven System for REAL Financial Independence
|
| Price: |
3 new or used available from $11.11
Average customer review:
Product Description
In these 7 Audio Cassettes listen to John discuss his techniques for eliminating debt. John will personally walk you through his system to explain to you all the information you need to know about getting out of debt and building REAL wealth.
Product Details
- Amazon Sales Rank: #375186 in Books
- Published on: 2005
- Binding: Audio Cassette
Customer Reviews
How to make compound interest work for you, not against you
"Transforming Debt into Wealth" program is aimed to make you wealthy by making compound interest work for you, not against you. Compound interest is the concept of adding accumulated interest back to the principal, so that interest is earned on interest from that moment on. The act of declaring interest to be principal is called compounding (i.e. interest is compounded). When you make a loan to buy a car or a house or do credit card purchases, the part of the money you earn is spent on the interest, rather than the principal. This is the most noticeable with mortgages: the longer the term, the biggest part is paid as interest. If you eliminate your debt completely and will have plenty cashflow to invest and to make the compound interest work for you, you will become an Investor - a person who is spending money in order to receive a larger payout in return. This program is about to becoming an investor. If you are currently an Employee, Self-employed or Small business owner or even a Business owner, this program will make you to become Investor in true sense, i.e. the person without debts (or at lease without "bad debpts") and who has enough money invested to make compound interest provide enough monthly cashflow. I also recommend Robert Kiyosaki's "Rich Dad, Poor Dad" in addition to this program. Although both share essentially the same rationale, this program is more practical. It has enough to-do actions and small steps that will help you change your habits, values, beliefs, get rid of shopping additions and impulse buying, brainwashing media - - everything, that prevent you from becoming wealthy.
