One of our members, Sam Lower from Safety First Investment share his program: “Your Family Bank”
Consumer debt is rampant in America as everyone tries to keep up with the Joneses. Statistics show that 76% of American families have consumer debt and most of them will never get rid of that debt.
The average American household earns about $2M over their lifetime and leaves the workforce with less than $60k! The average household debt in America including a mortgage is $250k with 34 cents of every dollar spent going to pay interest on that debt. Add to that the taxes we pay on income, gasoline, purchases, lodging, etc. and the average American has over 70 cents of every dollar going away from them.
The “Your Family Bank” approach shows and teaches people how to: Reduce the volume of interest you are paying to lenders. Get out of debt in 9 years or less. Improve your cash flow. Decrease your taxes. Save for college. Retire with tax-favored income. The YFB system allows you to use your money twice by earning interest on the money that goes away from you, and in return allows you to pay off your debt much quicker. This leveraging of your money has been used by banks for years and will work for you with “Your Family Bank”.