David-Worrall.

Com – Creating Inter-Generational Wealth

9-75 First Street, Suite 331, Orangeville, On., L9W 5B6
David’s Home Office (519) 843-7495
SuperDave’s Cell: (416) 594-2017
david@david-worrall.com.com

If I could show you a way to eliminate ALL your debt in 5 to 10 years would that INTEREST You?

Have you ever heard about "The Rule of 72"?

Simply stated, the rule is - whatever Interest Rate you are Paying (or can Earn), divide it into the number 72 and the answer is the number
of years it will take for your debt to double (or if you are investing, the number of years it will take for YOUR money to double)! Why is
this so important? Because people are paying 17% to 28% interest on their credit debt. That means that 72 divided by 24 = 3 That's
right! Every 3 years, if this debt is not managed - it can double. Conversely, if you were able to earn 24% on your investments, 72
divided by 24 = 3 Thus, every 3 years, YOUR money would DOUBLE!

Financial Advisors also understand the "Banker's Rule" which is called the 20:1 Rule. It means that every $1.00 borrowed for
something like a mortgage will end up costing you $20.00 over the life of that mortgage - a result of shorter amortization periods.

Imagine though…. YOU CAN eliminate or reduce YOUR mortgage debt and your credit card debt (also known as Installment Debt) and
more important - reduce YOUR monthly payments, then by learning the discipline to take YOUR "savings" from the reduced costs
and applying it to long term debt, YOU can become debt free in a fraction of the time!

Here's a simple example: Let's say you owe $5,000 on your credit card and are paying 24% interest rates - that's 2% per month. If you can
only afford to pay $100.00 per month, you are only covering the interest costs. That means NOTHING is being paid down on your debt.
Now if you paid off your credit card or converted the debt to a Short Term Loan (most credit card companies will work with you on this),
and your interest rate dropped to as low as 6.9%. That would equal $28.75 per month in interest instead of $100.00. By having the
discipline to keep paying that same $100.00 per month via the Short Term Loan, you could have as much as $71.25 every month in
SAVINGS that can be applied towards your $5,000.00 credit card debt!

Accountants and MBA's agree that $1.00 in savings is equal to $3.00 in earnings, so let's see what happens if we use the $71.25 every
month to pay down your debt. In 5.8 years you will be free of debt on your credit card just by switching the way you pay back your debt,
but here's what REALLY happened - If you were to try to pay off $71.25 of your credit card debt with your existing credit company, you
would actually have to earn an additional $213.75 (it takes 3 times earnings to equal $71.25 of savings). Now multiply this times the
number of payments you will need to make to clear the debt (70.175 payments) = $14,999.99 of earnings will be required to clear your
$5,000.00 debt currently.

Which would you rather do? Find an extra $71.25 in SAVINGS every month, or an additional $213.75 in EARNINGS?
Imagine? All you did with this strategy was to switch to a different lending instrument!
Well let's take this one step further, let's say
Could you possibly take an additional $100.00 every you have now eliminated your credit card
month and apply it to your mortgage - RIGHT NOW? debt and can now start to apply the $71.25
SAVINGS from Credit Card Debt to your
Mortgage.
OOPS! Did we forget that you also now have an additional $28.75 per month that you no longer pay for the interest on the Credit Card?
That means that now you can apply $100.00 every month to your mortgage or $1.200.00 every year! EXTRA! Remember… That's
like having to EARN an additional $3,600.00 a year!
Based on the 20:1 Banker's Rule, if you had the discipline to apply this $1,200.00 extra SAVINGS per year to your mortgage for the next
10 years, you would pay off an additional $12,000.00 over and above the principal - and you would be well on your way to eliminating
YOUR MORTGAGE EARLY! You would have to earn an additional $36,000.00 in order to accomplish this with your current credit
card company! Now here’s the kicker…. What if I told you that I could show you a way to get your house to pay all your debts
and even make your monthly payments for you? Would you call me? What if I could only make a portion of the payments, but you
were debt free in 5 to 10 years? Would you call still give me a call?

How often do YOU or anyone you know cancels a credit card? How many of your friends have ever told you how to get out of
credit card debt? Know anyone else that could use this information? Let me share it with them! Please tell them about this
report and how they can obtain their own copy. Remember, this report is copyrighted and may not be duplicated in any manner.

Please have them contact me: by e-mail david@david-worrall.com Copyright 1998