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Lonnie Glosup
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Lonnie Glosup   My Press Releases

How To Bend The Banking Equation More In Your Favor

Published on 5/28/2016
For additional information  Click Here

A major part of our financial circumstance is controlled by what is sometimes referred to as the Banking Equation ... would you like to know how to bend the banking equation more in your favor?



The financial system of the U.S. strongly encourages the use of credit. We are essentially a "buy now, pay later" society. 



Many of us have been conditioned to work to qualify for the lowest annual percentage rate (APR) possible. And we think we "win" when that rate is low, even though there are other factors that are of equal or greater importance.



Yet the financial system quietly operates on the basis that it is the VOLUME of the interest dollars we pay that is more important to the financial institutions.




There is a BIG difference between those two measures!



So while I might think a 1.9% APR on my auto loan or a balance transfer offer on my credit card reducing my APR in half for the next twelve months is the way to measure my success, the financial institutions are happy too if I am anywhere near the average of paying as much as 35% of my income in total interest charges on all of my accounts combined! Now THAT is why they are more focused on the volume of the interest.



Learn more about the banking equation and what you can do to have the system work more to your benefit ... at least minimize the amount of interest that you pay!




http://TheDebtFreeClass.com




A program providing information this valuable and powerful for FREE deserves to be shared!

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http://AboutVIPFinancialEducation.com/

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