The Banks and Financial Institutions Want to Keep You in Debt

I used to work in the mortgage industry years ago. I was a loan officer and I had to deal with customers and the banks that were going to lend these customers the money for their mortgages. Not everyone, but definitely some of these people acted like you were borrowing money from their own personal bank accounts. Banks are like that.

A few years ago our economy almost came to a complete halt. A couple of major companies were on the verge of bankruptcy, Freddie Mack and Fannie Mae, were going under, and America’s downward economic spiral began.

The government felt that pumping 700 billion dollars into these financial institutions, and keeping them afloat, would be the answer to righting the ship. They were wrong.

Instead of righting the ship, the banks and financial institutions, invested this money from the government and made a lot of money for themselves. They paid the government back in record time, and then sat on the pile of money that they made, instead of putting it back into the economy and getting the ship back on course.

This is what the Banks did with the stimilus package

Oh, they did use the money for some things, like building a new company resort for their CEO’s and high officials, so I guess it wasn’t a total waste.

Just a little place to unwind

The one thing that I had a very hard time in dealing with was the total difference from the way these corporate higher-ups viewed people like you and me. We are just a means of business to them.

About thirty some years ago, I was in a financial situation were I was advised to file bankruptcy. I had a wife and small children to take care of, but I also felt that filing for bankruptcy wasn’t the right think to do. I owed this money and I was going to pay it back, and that’s exactly what I did. All the fees and late charges, I paid it all.

It took me years to pay it all back, but what did I gain from taking this noble route…nothing. My credit was still damaged and it took me even longer to get that back, and the banks and financial institutions that I was dealing with, still treated me with disdain, no respect, like I was a third class citizen.

I found out years later, when I was in the mortgage industry, from banking people who I started to develop friendships with, that banks don’t care about you or me, all they want is their money and they want it with interest. Legal loan sharks is what I like to call them.

They monitor your financial situation very closely, and even though you have a good credit rating, and you pay all your payments on time, or you may even make extra payments, it doesn’t matter. When they see activity that might send a red flag to them that you maybe starting to get into trouble, like making utility payments with a credit card, or buying food with a credit card, they will see this as a sign that you are in trouble.

Do they offer to help you…no way? They see this as an opportunity to make money. They drop your credit limit for no reason, and this shows the credit bureaus that you are maxed out, and this will drop your credit score. Then they raise your interest rate, which is going to make it all that much harder for you to make your payments on time. Once you are late, the fees and late charges start to pile up, and you start to sink like a rock, which is exactly what they want.

You see, they don’t make any money from people who use their credit cards as cash, and pay off the balance at the end of every month. They only make money from people who are sinking in debt, and just like a shark that sees blood in the water , they swim around for the kill, and they will milk you and milk you for all the interest and late fees that they can legally get.

Ever wonder why, as you are in this financial downward spiral, you’re still getting credit card applications in the mail? Or, even after a bankruptcy, you will get bombarded with enticing advertisements for credit? I know of people who have gone through bankruptcy, and within a year or two they are getting offers for credit cards and loans again that will lead them right back down the hole they just crawled out of.

Why, because the banks and financial institutions know that you are a good target to get back into debt, and they will make a lot of money off of you.

This is why the banks and financial institutions want to keep you in debt. By keeping you in debt, they make money.

Don’t let them do it. If this is you, stop this merry-go-round and get into a good financial class that will train you on how to use money and credit. Don’t be a slave to your money, make it a slave to you, and learn how to use it to make more money for you and your family.

If you would like to work with me and learn how to generate $300 to $500 a day, and we pay weekly, click here and you will be redirected to an application site. Fill in your information and either me or one of my associates will call you once this process is complete.

Gloom and Doom? You Decide..

Mike Dillard released one of the most incredible and value rich presentations I’ve ever watched. In fact, I sat through it twice, because of how compelling and powerful it was.

You don’t have to be a rocket scientist to see that our economy is in a world of hurt right now. All this just didn’t happen over night. It’s been a process that’s been going on for awhile, and it’s important that you and I see and understand how this process works, so we can know how to position ourselves when this huge transfer of wealth happens.

You see, there is not anymore new wealth that can be made up. There is the same amount that has always been around on God’s green earth, it just transfers from one hand to another.

A great example was back during the great depression. Out of the ash heap of our economic collapse, came some of the largest and wealthiest companies. Not all was gloom and doom during the Great Depression. It was a time when those who knew what they were doing made great economic strides and the very nature of the depression itself was an economic boon for them. Many people that were rich, went broke, and many who were broke, became rich.

Lots of companies closed and sold out, while others picked up their business. All that business and wealth was just transferred to others who were ready and positioned to take it.

Where are you today? Lost your 401k, maybe your home and place of employment? This is not the time to fold up, crawl in your hole and die. Mike Dillard does an incredible job of explaining how all this is taking place right now with our economy today. To be honest, at first the picture he paints about the future of our country isn’t good… not good at all. In fact, it’s pretty much going down the toilet, but there are a lot of things that come into play that will leave your mouth hanging open.

For those of you who don’t know Mike Dillard, just look up, “attraction marketing”, and you will see Mike’s picture. He is the King of attraction marketing and a very successful marketer who has made millions in the industry. He is a man who has a tremendous track record, and helped thousands of other to success.

This is a must watch presentation. It was supposed to be on a webinar, but the webinar fills up at 1000 people. Over 50,000 people signed up to hear what Mike had to say. That tells you a little about the kind of weight that Mike Dillard carries. When he speaks, people listen. I hope you listen too.

Here is the link to the presentation. Click Here

We are about to enter the greatest exchange of wealth in human history.

Warning: This is not for the faint hearted! You will hear some disturbing facts, but make sure you listen all the way through to the end. It could literally save your life.

Get a notepad and a pen. You will want to take notes.

Financial Crisis Got You Down?

Financial Crisis anyone?

I think it is safe to say that there are not to many people who have not been hit by this economic melt down that we are facing right now in this country. So many people afraid of losing their jobs. Afraid of whats around the corner. Living under, and being controlled by fear is not a good thing.

Fear causes stress, which causes illness, which causes premature aging. How does a baby have that smooth soft skin. Not a care in the world. Oh to be young again.

Let me know what you think about our economic situation in our country, and in our world. We live in a world economy. How has it affected you or someone in your family or a friend, co-worker. Sign on and let me know what you are feeling and what you are thinking today.

Visit my blog and leave a message as to how you are doing to make ends meet in this economy. I will be writing a series of articles about this subject and your comment and messages will help me. With your permission, I will be using some of your comments as well.

If you or someone you know is in need of another stream of income, weather it be part time or full time, go to Numis Network and see if this might be something that can help you.

Loan Foreclosures and The American Dream

Most of us have been raised to think that we will always be strapped with a mortgage. After all, that is the American dream, isn’t it? To have a home that you can call your own. Raise a family in your own home, on the corner, with the white picket fence. Dog running in the yard. Sounds beautiful doesn’t it? Close your eyes, and you can just picture that scene on a warm summers day. But in reality, you don’t own your home until you pay it off. Until then, the bank owns your home.

Unfortunately that is not the case in our society today. I don’t know if you have noticed but people are losing their homes at a very rapid rate. 2.3 million homes received foreclosure filings in 2008. That’s up a whopping 81% from 2007. More children are moving back with their parents. Grand parents are staying at home, so they can help raise their grand kids. It is not a very pleasant scene.

Seeing a lot more of these around.

What is happening to the American dream? Are we ever going to see that dream fulfilled? Can you ever own your home free and clear?Remember, you don’t own your home until it is paid off. Until then, the bank owns your home, and you pay them interest, and lots of it.

On a 200,000 dollar mortgage at a 6% interest rate, for thirty years, you will end up paying the bank more than two and a half times what that home is worth. That’s why it will take you thirty years to pay your mortgage off. The loan is set up, so that all the interest is paid up front, where the bank can take their money out first before you ever really start paying on the principal. As a matter of fact, on this particular loan, they won’t even get to the half way mark on their amortization schedule, until year twenty one. Think about this now. Twenty one years of your life, paying the bank more then 300,000 dollars, of your hard earned money, and it has taken you twenty one years to get to the halfway mark on your thirty year mortgage. You will still owe them 100,000 dollars. The original mortgage loan was for 200,000 dollars. Twenty one years of your life, and more then 300,000 dollars of your money, before you get to the halfway point on your mortgage. How does that make you feel? Cheated? Used? I can see those banks making some money, but twenty one years, and I’m still looking at a balance of just under 100,000 dollars, that you still owe the bank.

And think, they were the ones who got bailout money from the government! You and me should have got the bailout money. But don’t get me started on this one. That is a whole another story.

Are we polishing the handles of a sinking ship?

Titanic. They said it couldn't sink.

Bailout?

I know what you could do! Refinance, and start the whole process all over again. Say you could get out about 50,000 dollars in equity from your home. What could you do with that money?

But wait a minute! The bank is saying that your home isn’t worth what it was when you purchased it. But maybe you could get some money, and you could start that whole process all over again from ground zero. Start paying the bank all that interest, again! They will love you for it. They will be more than willing to write you up to another long thirty year mortgage. Paying them all that interest again. They just got all that money from the government bailout plan to help them do that.

Take a look at your own amortization schedule. You got one when you signed for that mortgage. Most people don’t know what it is and probably never even looked at it. That’s been my experience. Look at how much money, of your monthly payment, is going to interest.

Albert Einstein said, ” Compound interest is the eighth wonder of the world. Those who understand it, earn it. Those who don’t, pay it.” The banks certainly understand it, and they earn lots of it, every day.

Let interest work for you, not the bank

Money never stops working. It doesn’t take a vacation. It works twenty four hours a day, seven days a week, and banks know this and use your money to their advantage all the time. Banks use what they call sweep accounts. They sweep all of the money in your account and mine, at the close of the day. Invest our money, maybe for only ten to twelve hours, and then put it back for the start of the next business day. They make lots of money by using your money that way. Let me ask you a question? Have they ever paid you a dime in interest for using your money? Yes they have. You get 2% on a saving account don’t you? You may even get something back on your checking account also. Come on now. Don’t get greedy. They do pay you, but what they pay you is a drop in the bucket for what they make off your money and mine. That’s what their in the business for anyway. To make money. And they know how to put your money to work for them.

Interest is apart of our every day life. We can either have it working for you or against you.

If only there was a program that could utilize the same processes that the bank uses to make money, and set it up for me, so that I could take advantage of those processes and pay my principal down quickly and thus eliminating all that interest.

Well, there is such a program. It is called the program from Money Merge Account United First Financial. There have been products that have come down through the years, that have drastically changed our lives forever. The Money Merge Account program is just such a program.

This is going way back, but the light bulb is one. Where would we be today without the light bulb.

Edison and the light bulb

How about cell phones. If you would have told me that I can use my cell phone for the Internet, listen to music, and watch TV, I would have said you are crazy. Look at what we can do now.

Last year, 2008, the Money Merge Account program won the Ernst and Young’s Entrepreneur of the year award for financial services from the Utah region.

United First Financial has a special edition of “Success Magazine” in February’s issue, devoted just to them.

The Financial community is discovering this new product, that is paying people’s debt off in a fraction of the time. Just think,….where would America be today, if none of us had a mortgage payment? I know one thing. We wouldn’t have the financial crisis that we’re all going through right now and maybe prevent some of these loan foreclosures.

Quit paying the bank and become the bank. See how you can use the same strategy’s that the banks have used since the dawn of time, but use them to your advantage. Let your money start working for you, not the bank.

Get a free analysis of your finances today. See how soon before you could actually be totally debt free. Money Merge Account program from United First Financial. What do you have to lose except a mortgage and some debt.

How Much Do You Need?

If you could name how much money you would need to live a comfortable life today, how much do you need? Would a half million dollars a year be enough? How about a million a year or a million a month, maybe that would be enough to give you a comfortable life to live. Really,… how much would you need?

I’m not talking about wishes and dreams, I am talking about just giving you a comfortable living. No frills, just comfortable. Nice car, not luxury. Nice house, no swimming pools. Vacations, yes, and hobbies are part of a healthy comfortable life. Comfortable, not luxury is what we are talking about. How much do you need?

Say you could live this comfortable life on about 50,000 dollars a year, but you made 100,000 a year. What would you do with the excess? Pay your mortgage off? You could do that with the Money Merge Account program from United First Financial. Pay that mortgage off in one third to one half the time, and do it without refinancing, and without changing your monthly payment. Or you could help out those poor guys at AIG, who have to give all their bonus’ back. aig

But, all kidding aside, what if you gave the rest of your money away? Gave the other 50,000 dollars to charities, or maybe to someone that you know is struggling financially, or you could find someone who is unemployed and can’t make their mortgage payment, and might loose their home. Make a couple of payments for them, buy some groceries, pay their utilities. If we, who are doing better than those others, all chipped in, we could make a difference. Just think of the tax deduction you could have, and the nice check you would probably get back at tax time.

This is what makes America great. This is what makes us different from the fat cats in Washington, or the ones on Wall Street, or in Hollywood. They don’t know nor can they remember where they came from. I heard it said, ” know where your going, and plan for the future, but never forget where you came from. It’s not all the big stuff, it’s the little stuff, bit by bit, one piece at a time, that you put all together, makes America great.

America is built and runs on the backs of the little guys at the bottom. The small businesses, the home based businesses, the little guys that are keeping the oil burning. Sure, we need someone at the top making the calls and getting the orders, but the chasm between you and me and them is so wide, we live in two totally different worlds.

I think it is time, for those who can, to reach back and give a helping hand to the one behind you. It doesn’t take a lot. Just a little bit can go a long way.

I heard the stories from my parents and grand parents about the days of the great depression. How everybody chipped in to do their part. People helping people. Don’t wait for the government to help you. They will take your wallet out from your back pocket, take that ten dollar bill you had in there, and give two dollars back.

There is some of this starting to happen now. There is an Apartment Lease Company that is offering, two months of rent free, to anyone who is laid off. Hoping this gives you time to get back on your feet and you stay with them, but if you don’t, you walk away with no obligation to pay anything back. It is their way of reaching out to help those who are hurting right now. This is a perfect example to what I am talking about. Helping those who we can help. This is something that we must all learn to survive.

Jesus said;

Luk 6:38 ” give, and it will be given to you. Good measure, pressed down, shaken together, running over, will be put into your lap. For with the measure you use, it will be measured back to you.”

Mat 25:45 ” Then he will answer them, saying, ‘Truly, I say to you, as you did not do it to one of the least of these, you did not do it to me.’

God bless us to make the right decisions.

Get Out Of Debt? Yes You Can!

Just had to share with all of you. My wife and I are going to pay off our house and all our debt in 6.5 years.

We are getting on a program called the Money Merge Account program from United First Financial. This

program is awesome! It puts you in the seat of the bank and using processes that the banks have used since

the dawn of time, it charts for you the fastest way to zero debt. I am going to save almost 60,000 dollars

in interest that I will never have to pay the bank, and in just under seven years I will be debt free.

To find out if you qualify you get a free analysis of your financial picture and see where you come out

and how long it will take for you to be financially free. That’s it. No social security number, no account

numbers. In about 24 hours you can know if you qualify.

Just think what it would feel like to know right now, when you are going to pay off your mortgage for

good. To know the exact date when you would be totally debt free. Never again having those sleepless

nights worrying about your bills. How much money will we have at the end of this month?

Peace of mind. Isn’t that what the worlds needs right now?

Check out the Money merge Account program from United First Financial.

Brian Gosur

Get Rid of That Ball and Chain of Debt!