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Are You Renting Your Lifestyle?
Do you have money outstanding on your bond? Are you paying your car off?
Do you have a credit card?
Do you have an overdraft?
Do you have any other kind of loan, including a student loan, a personal loan, etc
– in other words, are you borrowing money to live?
If you answered “Yes” to even one of these questions, even though you think you own your house, your car, and your life, I have surprising news for you –
It’s an illusion.
You’re renting your lifestyle. Who from?
The banks. The car finance houses. The retailers. And worst of all, you’re renting from yourself – against your future earnings.
That’s because ultimately your house is going to cost you something like two and a half times the purchase price by the time you repay it in twenty years’ time. AND something you may not know is that you only start paying significant amounts off the capital when the loan is almost due. Up till then? It’s all interest and charges.
So you’re paying for bank shareholders to make profits, by renting your lifestyle. And you’re borrowing against your own future, at interest rates that are too high.
Yes, we know interest rates have gone up. But some forms of credit are way higher than the government’s official interest rate. They are way higher than you can expect to be able to repay. On top of that, even for a home loan, one of the “lowest”, the way the repayments are structured hides the fact that you can pay for years and years and scarcely make a dent in the capital!
Q: What if interest charges on some of your loans are over 25%, but your annual increase is less than 10%?
A: It starts to get harder and harder and eventually you cannot carry on this way.
Another question: are you increasingly finding it a battle to meet your monthly financial commitments?
If so, then this impossible and unsustainable situation we’ve just been discussing is cannot continue ...
The majority of South Africans are so busy wasting their time, energy and money in order to rent a lifestyle that they do not have enough money to own a living.
There is a big difference between the two.
By renting a lifestyle you will find you are likely to live from pay cheque to pay cheque because you have painted yourself into a financial corner and most of your hard-earned income goes to pay off a mortgage, car loans, student loans, furniture, several credit cards and overdrafts.
This is why statistics tell us that more than 99% of people who are renting their lifestyle instead of owning it will find themselves broke at retirement age simply because they will never get out of this difficult situation in time to enjoy life - if they ever get out at all.
Why are we in this situation? Because lenders have got out of control and governments do not protect the public. Massive advertising all around us tells us to live beyond our means and to borrow, borrow, borrow. Most people never question this – and end up in financial distress.
The good news is that it’s never too late to change, and the average person with an income can become totally debt-free in five to eight years’ time!
So, if you are earning more than you were five years ago but at the same time you owe more on debt than you did back then ...
Or you are finding it harder and harder to make ends meet ...
Then I would like to help!
In my next upcoming seminar I am going to show you how you can set yourself free –
What You Will Learn:
In short
Get completely out of debt (including your home mortgage) in just 5 to 8 years - and start building real wealth from the first month
…using nothing more than the money you already make!
To book your seat go to http://www.warriorsagainstdebt.com scroll down to the end of the page and follow the instructions
OR Phone my Office in Pretoria
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