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Let us introduce you to Jessica. A real client with Equity Beyond Wealth Solutions.
Jessica had three credit cards, a furniture loan, a personal loan, a home improvement loan and a mortgage. Jessica’s debt payments added up to $2,865 a month. During our initial meeting, she told us she was currently paying $1,000 a month over the minimum payments required, just like many other people in her situation. Continuing this same way, she would be out of debt in 26.8 years, paying $147,269 in interest.
Jessica’s debt was $381,044 however, her real debt was $528,313 when adding the interest paid.
Jessica wanted to be financially free…and we were able to help her get there in half the time!
Working with Jessica, we strategically built her solution to fit her needs and lifestyle. Using the $1,000 in over payments she was already making, we restructured her debt elimination plan to utilize a cash maximizing whole life insurance policy. Leveraging the power of compounding interest, Jessica was able to take her debt pay off date from 26.8 years down to 10.8 years and save herself $57,612 in interest payments. After 30 years, Jessica has reached financial freedom with $1,012,198.00 in liquidity and a death benefit of $1,190,785.
Contact us today to create your strategic plan to get financially free.
*Information is illustration purposes.
