Debt can be a huge barrier to retiring comfortably, and a potential claim against your estate.
For countless Americans, debt is the most significant problem preventing them from living the life they want and retiring comfortably. The average American loses about 25% of their income to paying off debt. That’s 25% that could be used to save for retirement, your next big vacation, or to give to your family. If you stay awake at night stressing about your mortgage and student loans, you’re not alone.
If you’re someone who’s bought into the “conventional wisdom” about personal finance, told to us by nearly every “expert” out there, then you likely:
- Have multiple savings accounts and an emergency fund
- Are putting a little every month into investments and letting them grow over time
- Are adding $100 to every mortgage payment in an effort to pay it off quicker
- Have cut out unnecessary expenses to knock out debt faster
- Are still worried that you won’t have enough funds to retire comfortably one day
It’s not that you’re wrong in doing these things, there’s just an easier, faster, and more efficient way.
At DuPont Wealth Solutions, we’re proud to offer two amazing products that can help you become debt free in a matter of years, not decades. The first is Debt Free 4 Life and the second is the Shred Method. Both allow our clients to become completely debt free, typically in less than 9 years. Call our office today at 614-408-0004 to discuss what strategy will work best for you.
Calculate Your Debt
It’s important to know how much interest you’re actually paying on mortgages, credit cards, student loans and car payments.
The first step in becoming Debt Free for Life is learning the true cost of your debt with our calculator. We then turn the tables on the creditors and put the power of compound interest to work for you to provide a foundation to become debt free for life. Our clients are typically able to eliminate all of their debt, including student loans and mortgages, in 9 years or less, and have savings for their future. For most people, this is accomplished while spending the same amount of money on supporting their lifestyle.
How does the Debt Free 4 Life process work?
Debt Free 4 Life is a process that allows you to eliminate debt fast, and stay out of debt for life. It involves restructuring your bill payments and savings strategy without negatively impacting your lifestyle.
You’ll never pay us a fee for any part of the Debt Free 4 Life Process, and no additional money is required out of pocket.
The plan is built around a very special type of life insurance policy. What exactly are you getting for the insurance premium? Well, you get a plan that will self-complete if you pass away, a permanent life insurance amount, and a growing tax-free savings that you can use for the rest of your life.
Isn’t that better than giving your money away to lending institutions?
Just go to SmartAdvisorColumbus.com to get started.
What is the Shred Method?
The Shred Method uses a different approach to paying off debt. When used consistently and effectively, it will alter your family’s financial tree forever.
It isn’t magic. It’s math. The very same math that allows banks and other lending institutions to make a fortune while consumers struggle to make ends meet.
You see, the problem with following conventional advice is you’re likely to wind up like most people — struggling to put enough away for retirement, never getting ahead, and worrying about what the market will do down the road. Yes, you’ll have your savings and emergency funds. But, you’ll also have spent hundreds of thousands of dollars in interest unnecessarily. It’s those hundreds of thousands of dollars that can help create real wealth for you, your family, and future generations.
The Shred Method software, coupled with a Home Equity Line of Credit (HELOC), can help you have funds accessible for all those things, all the while you’re blasting away debt and building wealth.
What is a Home Equity Line of Credit (HELOC)?
A HELOC is a debt instrument that is tied to the equity of your home. Unlike a mortgage that is a long-term compound interest vehicle, your HELOC is a short-term, simple interest vehicle. While that difference may seem insignificant, those who understand how to leverage one to impact the other build massive wealth, freedom, and flexibility into their lives in under a decade.
When you use a HELOC effectively, it functions just like a checking account. Money is deposited into the HELOC when you’re paid, and bills are taken out when they’re due. However, because a HELOC can never go above zero (meaning it can’t have a positive balance), if your income is greater than the balance, it HAS to go somewhere else… in this case, towards paying off compound interest debts… like your mortgage.
In the process of knocking out debts, you’ll begin doing a number of things.
- You free up more discretionary income each month because you no longer have payments due on certain debts.
- Your income grows more and more efficient with every payment you make. In essence, you OWN more of your income.
- As you decrease your mortgage balance, the amount of equity you have grows month after month.
- With every advanced payment you make to the mortgage, you eliminate massive amounts of interest, freeing that money to actually build real wealth!
But, you’re not a financial expert. How can you make sure you’re doing this the right way? Well, that’s where the Shred My Mortgage software comes in. It alerts you when income is coming in, when payments go out, and what to do specifically with whatever is left. It’s based on complex algorithms that expert coders and mathematicians devised to make sure that you are paying the least amount of interest on all fronts.
The difference between what you will accumulate using Shred versus the conventional route is typically a 7, and sometimes 8-figure difference.
If you’re ready to start eliminating debt with the Shred Method, you’ll need to do two things. First, you’ll need to set up a HELOC with your lender. Second, you’ll get your questions answered. To that end, we have a special link to get you $200 off the Shred Method Course. This course will teach you everything you need to know about the Shred Method and how to use the Shred My Mortgage software. If you would like to discuss the Shred Method with our financial advocates, don’t hesitate to give us a call.
Take Charge of Your Financial Future
We understand just how big of a decision choosing the right Financial Advisor can be.
We would love to speak with you and answer any financial questions you may have. Give us a call at (614) 408 – 0004 or use the contact form below to send us a message.
*By submitting this form you agree to receive follow-up email financial planning content from us