A Quick Overview of the 101 Financial System

101 Financial has developed a money management system that puts you in the driver's seat and in total control of your financial life. Our system will teach you how to get out of debt in a 1/3 to 1/2 the time and save you 10's or even 100's of thousands of your hard earned dollars, all without having to:

• Refinance
• Earn more money
• Cut back on your expenses
• Increasing your monthly payments

Most so-called financial planners tell you to either earn more money or to cut back on your expenses and to create a budget. Ask yourself this: Am I making more money today than I did just 5 or 10 years ago? For most of you, the answer is Yes. Now ask yourself another question: Am I in a better financial situation today because of it? Most of us would say No. In fact, we now have more debt today than ever before. That's because..."The more money you make, the more you spend."

• For every $1 you borrow you will pay about $2.50 in interest on a 30-year term.
  
  
• It takes 21 years of paying your mortgage before the interest payments equal the principal payments.
  
  
• 90% of your mortgage payments go toward interest and only 10% toward the principal during the first few years.
  
  
• A $10,000 credit card balance would take over 31 years paying the minimum payment and cost over $14,600 in interest.
  
  
• There are 3 major factors that determine the entire cost of a mortgage after principal is borrowed: 1) Monthly payments, 2) Interest rate, 3) Time. Which one do you think is the most important? You see, the banks and lending institutions teach us to shop for the best interest rates and monthly payments. Never mentioning that the time has the biggest impact on the total cost of the loan.

With the uncertainty in today's financial markets, housing values are plummeting and debt levels soaring. Does it make sense to get ahold of your finances and get out of debt quick? Absolutely. Paying off all of your debt is the safest and best financial move you can make.

Click here to learn more about how 101 Financial can help you.