All About the i101 Plan
101 Financial helps American families to eliminate debt faster than they ever thought possible. We educate people on smart banking techniques that significantly reduce the cost of interest on things such as home mortgages, credit cards and other types of debt. By doing so, you will free-up a large portion of your current income that would normally go toward interest payments. Instead, we will show you how to pay off principal much faster and get on the road to Financial Freedom.
Did you know that consumer debt is now BIGGER than the National deficit? It stands today at an unbelievable $9.3 Trillion. We all understand the heavy burden that can result from mortgage debt, credit cards, student loans, car payments and others that seem to have no end in sight. The biggest portion of our debt comes in the form of interest payments.
Wouldn't it be nice if you could be totally debt free in less than ten years! What would life be like if you could focus your time on building wealth instead of paying off your debts? 101 Financial Can Help. 101 Financial will teach and walk you through the process of repaying your 30-year mortgage debt in less than 10 years! With 101 Financial, there is:
- NO refinancing!
- NO paying more toward your monthly mortgage payment!
- NO earning additional income!
- NO change in current lifestyle!
So how do we do this?
By using the i101 system, your current mortgage company, and your bank's products, we will teach you how to use your money more efficiently to combat the dreaded Daily Calculated Interest (D.C.I.). When you make your current monthly mortgage payment, the principal portion is applied to your mortgage once a month. This means interest cost is affected one time per month. A bi-weekly program affects the interest cost every two weeks.
Imagine the principal reduction if added monies were applied daily instead of monthly!
With our i101 software program, we will develop for you a personalized financial "game plan" that will show you how to maximize your banking products to your advantage, not the bank's!
Your personalized "game plan" will show you how to:
- Deposit all of your income into your i101 account
- Pay monthly bills with a credit card that offers a grace period
- Use income deposited into your i101 account to pay off the credit card balance in full before the end of the grace period
*By following the i101 program, you will have Financial Peace of Mind and start on your journey to create true wealth.
How will this save you money?
The reason for using the i101 system is to:
- Reduce the "daily calculated interest"
- Pay monthly bills
| Day | Opening Mortgage Balance | Income Deposits | Closing Mortgage Balance | Interest Cost (7%) | Jan 1 | -$150,000 | -$150,000 | Daily | Jan 2 | -$150,000 | -$150,000 | Daily | Jan 3 | -$150,000 | +$5,000 | -$145,000 | Daily |
The key to the i101 system is to utilize your income to work for you in reducing the principal balance of all your debts. Money that is deposited into a checking or savings account typically earns 0-2% in interest. During all this time you are losing money with the interest you owe on your mortgage (6-8%) or credit cards (12-21%).
