Financial Tip
Could you use a 33% Raise?
You know that I am big on helping you save your hard earned money. Well here's a fact that shouldn't come as a big surprise. A recent study showed that on average, people who use credit cards spend a third more than people who don't.
So if you spent a third less, it would be like getting a 33% raise. And I don't know about you, but if I got a 33% raise, I'd get real excited.
So don't take this message lightly.
The study went on to say that the reason credit card users spend more money is because when they pay by credit card, it doesn't feel like real money.
I thought about that statement for a bit and discovered it applies to me too; somehow it doesn't feel like real money when I use my credit card.
So I have a challenge for you... Let's try for 1 whole week not to use a single credit card. I know you may think, "there is no way I could do that". But my response to you is, if your boss told you that you would get a 33% raise if you didn't use your credit card for a week, would you do it? Just a simple idea, let's just try it for one single week.
Speaking of saving 33%, last week some clients came in for their yearly mortgage review and we lowered their total monthly payments by $153. Now that may not seem like much, but get this, we structured the deal so they will have their home paid off 12 ½ years early!
This will save them an additional $97,456 dollars in wasted interest payments. In turn, they will be able to retire about 4-5 years sooner than originally planned. So my question for you today is this - What would you do with $97,456?
Call me to set up your mortgage review soon and we can see how this strategy could apply to you.
Don't forget to ask about no closing cost loan programs that can be applied to either purchases or refinances.
So this week I have two challenges for you. First, take my challenge to save you 33% of your income by using cash instead of credit cards for 1 week.
Second, take me up on my strategy to lower your monthly mortgage payment AND pay off your house sooner.
I'm looking forward to talking with you soon!
Regards-
Brian G. Smith
Vice President
Union National Mortgage Co.
419-625-2600 x. 251
440-378-4733 fax
bsmith@unmco.com e-mail
www.thebriansmithgroup.com website