Wages Facility

Making the most of the facility. The Grand Finale….!

Now, at the moment, your wages get paid directly into your everyday bank account.  Out of that account, you have a periodical payment that pays your home loan.  Out of that same account, you pay your bills, and you pay your credit card.

At the moment (let’s say), you and your partner take home a total of about $7,590 per month and spend about $3,000 a month on bills.  Now, think about this carefully.  If you pay the $7,590 straight off your home loan, that immediately reduces the balance of your home loan by that $7,590, which means you DO NOT pay interest on that $7,590 for that month.  

And, if you also take advantage of the 55 day interest-free period offered on your credit card, and pay all your bills using your credit card, then that means you DO NOT pay interest on that $3,000 either.  

Put those two suggestions together, and you will have a huge savings effect, due to the compound effect of paying more than just the $426 a week off your home loan, as you have been doing previously.  And, best of all; the programme we put you on does NOT mean you have to go on a budget.  You continue to spend what you are currently spending right now. 

So think about this very carefully:

1. You do not pay the interest on the $7,590 because it was directly deposited into your home loan account.

2. You do not pay the interest on the $3,000 you spent on your credit card, because of the 55 day interest-free period.  

So, in reality, you have saved the interest on $10,590 for the month, when you have earned only $7,590.  How brilliant is that?  It is yet another reason why this facility is SO powerful. 

All you have to do is one thing.  Just change the account number that your wages is paid in to - from a normal bank account to the home loan.  Simple isn’t it?  That’s the power of this facility.

Combining everything together

Now!!!!!!  By paying the rent, the Negative Gearing and your wages directly to your home loan, and by using a credit card properly, you will pay off your home loan in just 45 months (that’s 3 years, 9 months), instead of 25 years.  That means you will save 21 years, 3 months.  That will also reduce the amount of money the bank fund carries, which reduces the amount you will have to pay to $320 a week instead of the $426 per week you are paying right now.

This programme is not simply an exercise to show you how to buy investment property.  It is an education programme.  It will gradually teach you how to think differently towards money.  If you follow this advice, you will be in a completely different position in five years’ time!

If you are curious to see if you qualify to do this, please contact us by any of the following means:

Telephone:   1800 263 980

Email:  finance@equanimityconcepts.com.au