About 30% of that number is being used by the “Fat Cats” to build their Ivory Towers, buy Gulfstream Jets, and spend summers in the Hamptons.

And they can because, each and every month, about 30% of the total amount you pay towards your debt — whether it’s for car payments, student loans, credit cards or even your mortgage — is only paying off the interest!

These financial institutions and the “Fat Cats” who run them are compounding their wealth with your money.

Not really fair, is it?

One little word — compounding — is how they do it.  We’ve been taught to focus on the interest rate and monthly payment when financing. The problem is you’re getting ripped off when you do.  It’s easy for the bank to get you practically any monthly payment you want.  The bigger issues are what’s in that monthly payment and how it’s calculated.

Here’s what you’re NOT taught. A large chunk of the money you pay back on amortized loans isn’t paying back the money you owe.  It’s paying a relentless compounding interest figure — and the longer the loan term, the more that figure grows exponentially.

If you don’t believe me, grab your mortgage amortization schedule and you’ll see that most of your monthly payment is interest. Simply put, if your monthly payment consists of principal $420 and interest $1,458, this means it costs you $1,458 to borrow $420 this month! This is just making your lender (and loan servicer) rich.

No matter how LOW the interest rate is on your mortgage, you could find that interest accounts for nearly 70% of your payment.

This is where Debt Free 4 Life™ comes in … we can help you flip the script and STOP paying compound interest – and start EARNING compound interest.