Did you know you can pay 6% while earning 4% and come out with a profit every time. Learn how to pay simple interest and earn compound interest the most effective way with out going into debt with the bank but rather finance it through your own family bank. Here is an example below of buying a $30,000 vehicle at 6% while earning 4% on that same money in a 5 year period.
Interest paid $4,799.04
Interest earned $6,499.59
Profit $1,700.55
The question is how do you make one dollar pay for the vehicle while also earning you uninterrupted compound growth at the same time? The secret is “the and asset”. Never look at buying cars or other large ticket items the same way again.
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