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    How 2 Thrive Personal Finance
    How 2 Thrive Personal Finance
    How 2 Thrive Personal Finance
    Ebook73 pages49 minutes

    How 2 Thrive Personal Finance

    By Robert Augustine

    ()

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    About this ebook

    I will not tell you how to spend your money and what to spend it on.

    How much you spend on any particular item-that is your call. In this book I will help you zero in on your credit payments. Paying interest on credit cards without paying on the principle is a cycle that will never end. You will be paying the company for about 35 years if you just pay the minimum payments. This is why I always say the banks are stealing your retirement money. That is money that could be going into your retirement instead of the bank’s coffers.

    In this book you will learn:

    ✓ How to get smarter with your money.

    ✓ What you can do to protect yourself in any economy.

    ✓ How to build a successful financial plan.

    ✓ How to make the financial system work for you, instead of the banks.

    ✓ Practical, applicable knowledge of finance and economics.

    ✓ How to start your journey to financial success and freedom.

    ✓ Easy retirement planning.

    If you use the techniques in this book you can pay your debt including your mortgage in 7-9 years. If you do not include a mortgage you can be debt free in as little as 3 years. Let’s change it now.

    After spending years in the mortgage business and insurance world, and 21 years of taking care of soldiers, and as the stepson of a financial planner, I am uniquely qualified to teach on this subject. I have come to know that it is not your fault that you don’t understand the financial world because the banks and your bosses want you to work for them and never see financial freedom. I passionately want to pass on what I have learned to everyone I can.

    LanguageEnglish
    PublisherRobert Augustine
    Release dateJan 10, 2021
    ISBN9781005215545
    How 2 Thrive Personal Finance

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      Book preview

      How 2 Thrive Personal Finance - Robert Augustine

      Copyright 2020 Robert Augustine. All rights reserved.

      The unauthorized reproduction or distribution of

      this copyrighted work is prohibited.

      Contents

      Budget Basics, Planning, and Tips

      Financial Planning Guide

      Debt Basics

      Credit Basics

      Financial Terms Index

      About the Author

      Budget Basics, Planning, and Tips

      It’s not how much money you make but how much money you keep, how hard it works for you, and how many generations you keep it for.—Robert Kiyosaki

      I want to start with a quote from Zig Zeigler: Get rid of that stinking thinking!

      The banks, business, and the rich people of the world are making money off of getting you to follow their ways and providing them with a great retirement. Or, I should say, you are allowing the banks to steal your future, your way of life, and your retirement. I will show you four of their methods.

      THE FIRST THEFT METHOD

      Banks and some businesses have convinced us that it is good to pay for items that we want by using credit. Society says you should have a better car, a bigger house, nice clothes and furniture, and the list goes on and on. It is like sitting in front of a car salesperson when they say to you, What payments can you afford? Never mind that you are paying way too much for the car. They put you on a payment plan for seven or more years. The banks and creditors are all doing the same thing. Stop falling for their emotional tricks and use the other side of your brain.

      THE SECOND THEFT METHOD

      When you get a mortgage to buy a house, a bank will tell you that the Annual Percentage Rate (APR) is 6 percent. Most homeowners stay in their home on average from 8–10 years. But a bank doesn’t tell you that all the interest is loaded up front. As an example, here is a six-month screenshot of a $200K mortgage amortization:

      As you can see, the interest is 83 percent of the payment in the first six months. That does not look like 6 percent interest because of the amortization table. Banks know that most homeowners will not stay in their home for over ten years and they make all of their money up front. With our plan, you will save many thousands of dollars. Because of our plan schedule, when you make extra payments on the principal, you will reduce many payments and a lot of interest.

      THE THIRD THEFT METHOD

      If you make just the minimum payments on a loan, the bank or credit card company will rake in huge profits and you will pay for many, many years before paying the loan off. It is a never-ending cycle and when I think about all the money that I paid in interest instead of being able to achieve more with my money, it just makes me crazy. All the interest you pay should go into your retirement and your current lifestyle. So, you need to pay off your credit cards fast.

      THE FOURTH THEFT METHOD

      When you put money into savings, you are paid 1–3 percent at most. Then, your money is loaned to others at 5 percent, 10 percent, or even 20 percent. Banks are making money with your money. You should be earning more by acquiring assets that pay you even when you are not working. Instead, you are contributing to the retirement of the employees of a bank. Adding insult to injury, the loan or credit card you get may even be your own money.

      Next, I want to briefly talk about assets versus liabilities.

      Many people with common sense don’t agree with the simplistic asset versus liability concept

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