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What would you
do with an extra $500 a month?
Is there too
much month left at the end of your paycheck? Does Paul pay
Peter on a regular basis? For most people, an additional
paycheck each month would make the difference between living in
the “red” to the “black”. Instead of taking that vacation or
buying that new piece of furniture, why not consider focusing
those “few hundred dollars” on making a radical change.
Two areas where
“a little Gano money” could dramatically alter your finances are
credit card debt and your home mortgage.
Credit Card
Debt
Typically, most
North Americans hold a few or even several major credit cards
with outstanding monthly balances. By making only the minimum
monthly payment, at 18 to 22% interest, it could literally mean
years before paying off that debt.
What if you
could invest an additional $300 or even $500 per month into that
debt? The remarkable thing about paying down credit card
balances is that it snowballs, freeing up more capital to pay
down other debt. Not only do you save on the interest charges,
which can add up to several hundreds of dollars each year, but
it puts you back in charge. The money you save by not
making payments on interest allows you the freedom to realize
your biggest dreams.
Remember to
focus on paying down the cards with the highest interest rates
first.
Home Mortgages
Making an extra
payment on your home mortgage can save you literally tens of
thousand of dollars as well as shortening the life span of your
loan.
By making
substantial dents to the principal, you contribute to reducing
the balance of your mortgage which in turn reduces the amount
charged out in interest.
Just how much
can you save? On a $150,000, 25 year mortgage at 5%, prepaying
$500 a month (for 6 years) will save you $52,600 in interest and
will pay out your mortgage almost 8 years sooner.
So what can a
little Gano money do for you? If you focus on reducing your
debt, whether it’s credit cards or a home mortgage, you can save
literally several thousands of dollars in interest.
The Team Gano
System
Whether you’re
looking for an extra $500 a month or more, the Team Gano system
does all the heavy lifting for you. How many people do you know
that drink coffee? How many people do you know that drink
healthy coffee? As the world’s largest producer of organic
Ganoderma Lucidum with 3 million customers, ordering and
reordering each month, Gano Excel is the vehicle to realize your
dreams.
Log on to our
global online Ganowebcast, follow the simple 3X3 structure, and
join others who have woken up to financial freedom with the
World’s First Healthy Coffee.
Written by Tracey Jamieson
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