REPORT #2
What
Is Your Biggest Expense?
(after
taxes, of course)
Most
People Think It's Their House
(Could
It Be Your Car?)
Hello again
In
the first report you received we focused on how a little "out
of the box" thinking can make a dramatic change in your life.
It described the story of Judy and Betty and how their choice (whether
they realized they had a choice or not), made the difference of
a 3 year old car or over $1 Million Dollars.
At
that time, we told you we had another interesting financial comparison
we'd like to show you. Here it is ....
Your
House or Your Car?
What
is your BIGGEST expense?
You have all heard over and over again that buying a house will
be the biggest money decision you'll make in your lifetime.
Maybe
not?
In
the report you received a few days ago, you discovered how our
average 20 yr old ("Judy") would have to take home over
400,000.00 dollars to have a 3 year old automobile in her driveway,
at age 65.
Let's
assume that our same 20 year old Judy buys her first new home,
worth 150,000 dollars, the same year she buys that first new car.
Although
her monthly payments on the mortgage will initially be triple
her monthly car payments, let's see where she ends up at age 65.
(You
might find that her retirement party is getting worse and worse....)
Judy choose a 25 year mortgage (most people choose 30 years), at
65 she has paid a total of almost $500,000.00 to her lender over
the course of her mortgage.
(Is
it any wonder the bank stocks are reporting huge profits!!)
The
good news is that her interest on the mortgage
is tax-deductible in most countries, (unfortunately, not all).
The
Great News is that Judy's house should have appreciated
dramatically over those 45 years!!
Let's
Compare Judy's Results
-
- Judy
ended up paying $267,000.00 (after taxes) for a three year-old
car at age 65. (3 year old car value = not very much!
)
-
-
- She
paid $500,000.00 with tax breaks and benefits, for a house that
has APPRECIATED over 45 years to way over 2 million dollars!
- (taking
the last historical 45 years as an appreciation guideline).
-
Judy
paid $500,000.00 for her house that's worth $2,000,000.00
or
She
paid $267,000.00 ($400,000 in earnings!) for a 3 year old car!
What
is the better financial move?
What do you think was her biggest expense??
It's
ironic how the majority of people will work diligently to make
sure they are making a wise financial decision when it comes to
buying a house. The majority of people don't consider that there
might be a choice when it comes to driving their cars.
The
smart silent minority of people will also put the effort into arranging
for their driving needs. It's a huge money decision!
(Some
of you might be wondering what smart Betty did when it comes to
mortgaging her house. Unfortunately, that's another entire program.
Yes, with some hard work, you can live mortgage free!)
We
hope these examples have given you an insight to some of the financial
choices you are making. It isn't like winning the lottery, there
are actions you have to take and it is a process that requires
some effort on your part. However, small consistant actions, over
time, can have dramatic resulsts.
To
see how simple, tiny changes can turn a ugly situation into something
beautiful, click here..
Hopefully our story of Judy and Betty will encourage you to take
some action. The amount of money you will spend on your car, over
the course of your lifetime, can make a HUGE difference in your
lifestyle.
Just imagine the money you could save if you could figure out how
to eliminate car payments (without eliminating your car)
(Here
comes another shameless plug!):
We
have published"16
Proven Ways To Drive A FREE Car!", so that you
can learn ALL the proven ways that might let you become "car
payment free"
(end
of shameless plug!)
Thanks for reading these reports
We'll
be giving you a few more interesting concepts in the other reports.
Or,
if you received this report in an email and don't want to learn about any more "out of the box"
ideas please unsubscribe by clicking on the link at the bottom
of the email you received.
As
always, the choice is yours!
Thanks
for your time!
