America the beautiful! Oh America the free! Olly olly spending spree!

If you're like most consumers in America, you'll have the buy now, pay later mentality, after all we are buying what we and our family "needs" right? I mean, those pile of Amazon boxes were filled with necessities! We needed that 4th air fryer, that bread maker, that Mr. Iced Coffee maker that does the exact same thing as our Keurig - but it was on SALE! Can't forget the two-for-one deal either, I mean I'm not passing that up.

Alright, you get the point. For the most part we unnecessarily spend on items we think we NEED, especially on sale items like those great "BoGo's". Which then gets us in to double the trouble on spending, where we end up spending more than anticipated. We all have a spending habit, if yours isn't on gadgets or Amazon needs, it's on clothing, or hardware, or electronics, or - my personal favorite - FOOD, the list is endless. While the list itself is endless, there's a common denominator that all of these categories have...The never-ending possibility of Debt!

The average American has anywhere from $17,000 to $90,000 in consumer debt. That is such a wide range of debt to have. Now, not all debt is bad, as a matter of fact debt can be good if properly managed. Having debt for a big asset like a car, mortgage, or personal loan can possibly help you financially in the long run.

However, what if we've made some mistakes along the way, or we've hit hard times, and now our debt is out of control or can't be managed? Now you're stuck using every penny of credit you've got to feed your family while trying to pay the lenders and not lose the roof over your head. For some reason, the payments you make each month aren't making a dent. Everyone around you is screaming "Feed me!" from your family to the banks, the only option you have left is to consolidate or settle your debt and let your credit take a hit, or worse...let it all go and file bankruptcy.

Have you ever heard the saying, "they only know what they know"? That saying applies here as well, as almost all consumers believe that those are the only options available to them. Here's the truth, you have a 4th option. An option that is being used by the same lenders and banks that are trying to collect on you and your hard earned cash. In order to pay off your debt and get yourself out of that huge financial hole you've gotten yourself into, you need two things:

1) A way to make more money to pay off that debt

2) A great savings plan

Those two things may seem crazy right? I mean, you're already paying everything you have to debt, and how can you make more money if the boss isn't giving you a raise at work? You'll have most likely heard this saying too, but you're about to hear it again. You HAVE to make your money work for YOU. In order to do that you either need to play in the market or go with the second need listed above, a great savings plan in an interest bearing account. One specifically that can apply the "Rule of 72" and make true compounding interest work for you.

The examples of savings accounts for consumers today are either a traditional savings account (.0001% avg return), money market account (.08% avg return), or a CD's account (1% - 2% avg return). If you put your money in any of these, you're throwing your money away and you'll never pay off your debt. You also have Robinhood and E-trade where you can play the market, but we all know you're gambling at that point, and any profits you receive are heavily taxed!

One tool and in my opinion, the ONLY tool, at any consumers disposal to help save and get the highest potential returns is a properly structured Index Universal Life (IUL) policy. I know what you're thinking, "how can LIFE INSURANCE make me money?!"

IUL's are personally designed with the consumer in mind and their financial needs. They help protect yourself, your family, and your MONEY! How so? IUL's are averaging a 9% rate of return year over year, that's 4 times the amount of CD's, 112 times more than money market accounts, and 90,000 times more than a savings account! So how can IUL really make you more money?

The average payment made monthly from someone who has $18,000 in debt is $1,100.00. Let's say the consumers collective minimum monthly payments are $350. Now we'll take that remaining extra amount they pay ($750) and put it into an IUL. So hypothetically speaking, If they paid that for 5 years, they'd make $11,589.60 in interest at the avg rate of 9%! Not only will that consumer have enough to pay off their debt, they'll have EXTRA available because they'd have a total available balance anywhere from $45,000 - $50,000 (depending on the company they work with).

In the process of paying off your debt you've done these great things:

1) Obtained permanent protection for you and your family

2) Created a TAX FREE emergency fund that will continue to work and grow for YOU!

3) Obtained living benefits (in most cases, for free)

4) Obtained free bonus coverage (depends on the state)

As your money continues to work for you, you will never have to worry about being in debt again...

Now it comes down to your final question or thought. HOW do you get started and set all of this up? I'm not only a financial solutionist, I'm a Financial Professional! I can show you an in depth personal plan to meet your financial needs. 

If you'd like to connect, please click on the booking link below and either myself or one of my trusted associates will be more than happy to help you.