How To Eliminate Loans Without Paying More Money

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🚀 Are you ready to turbocharge your financial freedom journey? In this video, we'll uncover The Secret To Paying Off Over $10,000+ Debt With Just $500💥
🔥 We've analyzed the top-performing videos on our channel, and we know that our audience loves practical tips and tricks to eliminate loans and maximize their financial potential. This video is perfect for those who are aged 35-54 and are looking to improve their financial situation. 💪
📈 Dive into the world of velocity banking with us as we break down each mistake, explain why it's holding you back, and provide actionable solutions to help you overcome these obstacles. Don't let these common pitfalls slow down your progress towards financial freedom! 🌟
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[@TekkAmaku]

This is the only place I go for money information

[@JeremiahAmaku-yp2qg]

This video helped me comprehend to pay off my $20k+ auto loan with a balance transfer. The open-end of a credit line vs. a closed-end auto loan made more sense, and kept more available Cash flow circulating under my control. The IRS tax analogy at the end was so on-point

[@DouglasForth]

You get pushback because you mistakenly claim that mortgages are not simple interest. They are. Every single month the interest charge is APR/12 times balance. If you believe a mortgage is compound interest, please explain in detail, showing the math. Also, there is no possible scenario where you can save money by chunking down a 6% mortgage with a 21% LOC. Paycheck parking can compensate, possibly, for a few percentage point spread. But no way at 3 1/2 times the interest. Again, show the math.

[@tonydouglas863]

I would just say that if you get a traditional $300K mortgage on day 1 and have a 6% interest rate, simple interest would be a total of $300K x .06= $18K. That's simple interest. I guarantee that since that mortgage is amortized over 30 years, you'll pay about $347K in interest. The bank even tells us this at the back of the Note near the end what the ACTUAL interest is that you'll end up paying