Today: How you can earn 20% or more on your money, risk free.
Are you tired of earning just 1% on your savings? But at the same time credit card providers often charge you 20% or more on your unpaid balances. Frequently, these are the same firms that pay you that modest 1%.
What is the answer? Begin paying down what you owe, taking it from your savings. Just add it to your minimum monthly credit card payment.
For every $1,000 you pay off, you pocket at least $200! That’s $200 of tax free income compared to the taxable $20 you would have received on that money at 1%.
If you’ve ever wondered how honest financial wizards make fortunes, it is little things like this that compound the return on their money that over time, make a huge difference.
Now that you know this, take advantage and pocket the difference. You will be glad you did.
Success Tip of the Week:
Don’t wait another month. Start paying down what ever you can afford.
In the next KazanToday:
A valuable lesson from Kim Peek, the real life “Rain Man.”