What’s The Price of the Program?
We are often asked up front, “what’s the price?” Before we go there we need you to understand the value of the product. You don’t even know why you need this. You don’t know if it will help you. You don’t even know if you qualify. So, why ask the price? Not knowing the impact of how, personally, the system could work for them, several financial couch bloggers would like to give a blanket controversial opinion as to how anything greater than a Starbucks coffee is way out of the budget range for your average person. But, let’s look at what was within that person’s price range when they had an absolute desire to improve their lifestyle, by spending money.
According to Money-zine, the average price of a home in 2018 was $383,500 at 4.5%. Granted, that’s probably about 30% more than I thought.
The numbers: $383,500 purchase price. Interest rate 4.5%. Monthly P&I Payments at $1,748.82. The true COST for the home over 30 years with minimum monthly payments $383,500 + $284,426.76= $667,926.
Car. $35,285 according to Kelly Blue Book. + Interest
Credit card $8,286 according to thebalance.com + Interest
Student loan $29,800 according to studentloanhero.com + interest.
Do you see what’s happening here? We look at the price tags, but not at the cost of the purchase. PRICE + INTEREST = COST
Continuing on with my thought path. So, Yep, the above numbers are accurate. Now, we know that this isn’t going to happen exactly like that. If our homeowner becomes financially intelligent and begins a mortgage repayment quest, several years and several thousand dollars of interest will be saved. But as we, at Smart Debt like to point out, life happens.
Let’s take a good look at reality for a moment. A smart young man goes to college. In the process, he begins a student loan. Fear not, he does not have to worry about it until 6 months after he graduates. And yes, to answer the obvious rebuttal, his parents do “OK”, but fall within that happy middle-class where they’re well-off, but were not able to secure a financial nest egg for their promising boy. So he must get student loans, basically holding his hand out to our Federal government, who is more than happy to lend him money because mwah-ha-ha, they know the long term interest gains for that boy’s financial ignorance. Unfortunately, there is no ghost of Christmas future to show the young man how bleak his life will be if he makes the minimum payments. Years of slavery to payments and lost dreams thanks to interest.
Continuing on through life, he finds a soulmate, a home to call their own, new cars, vacations, marriage, appliances, remodels, repairs, insurance, kids, educations, utilities, LIFE!!! People, life happens! Life COSTS money. Money we normally borrow with a penalty called interest and time. So, what does LIFE cost, you ask? A LOT + INTEREST.
How do you break the cycle? Who do you listen to? What do you do? With whatever you do, there’s probably a cost associated with it. More times than not, it’s advice from an “expert”. Read it, do it, without accountability. No guidance on whether what you’re doing is making a difference. Until now. The Smart Debt, all-in-one financial GPS system that we offer is doing more than any other single process to get you to zero debt the fastest way possible with the most savings. The VALUE of that alone is incredible. The price associated is not even remotely close to the cost of borrowing the money that got you into debt. The price is not even going to be 10% of what you could save using the program. The COST is the amount of time you will regain without having to make interest payments. The COST is the date you begin to build wealth for yourself and your future.