$10 Debt Calculator – The Amazing Trick

Jon Bender — Wed, 06 May 2015 05:14:42 +0000

Okay to be honest, it’s not a trick. It’s an easy way to save you thousands and even hundreds-of-thousands of dollars.

And best of all, the $10 Debt Calculator Trick works…and works fast!

And it’s so easy to do…I was able to do it myself. And so can you.

Recently, I conducted a survey on what troubled people “of faith” most. I surveyed a little over 442 people. Approximately 33% of these people listed money and money related issues as their biggest and most pressing concern.

So here is a way to use the $10 Debt Calculator Trick to save thousands.

Here Is How It Works

Simply make a commitment to either save or get $10/day and put it aside,
Resolve to see it through…no matter what and
At the end of the month, put the $300 ($10 x 30 days) EXTRA money toward the principal balance of any debt you have.

What Kind Of Results Can You Get?

Using the $10 Debt Calculator Trick With A Credit Card

Say you have a balance of $5,000. Your interest rate is 14.95% (the national average) and your minimum monthly payment is $92.00. How long would it take you to pay off the credit card? The answer: 7 years and 6 months.

Now let’s say you used the $10 Debt Calculator Trick and were able to apply $300 more per month ($10/day x 30 days) toward the principle balance. Now, how long would it take you to pay it off? The answer: 1 year and 2 months. That’s an amazing 6 years and 4 months earlier you would have paid off your debt.

Using the $10 Debt Calculator Trick With Your Mortgage

Say you have a mortgage balance of $200,000. You have a 30 year fixed interest rate of 4.5% (the current national average) Your minimum monthly payment is $1,013.37. How much money would you have spent after 30 years? The answer: $364,814.

Now let’s say you used the $10 Debt Calculator Trick and were able to apply $10 more per day ($300 more per month – $10/day x 30 days) or $1,313.37 toward the principle balance. Now how much money would you have spent after 19 years? (By the way, you would now pay the loan off in only 19 years instead of 30 years.) The answer: $296,997. That’s an amazing savings of $67,817 plus paid off 11 years early!

The $10 Debt Calculator Trick comes disguised in overalls. Just because it is super easy to learn doesn’t mean it super easy to implement. It requires work. It requires discipline. Your primary challenge will be to discipline yourself and some of your daily habits. But when you start to consciously use the $10 Debt Calculator Trick daily, you will effortlessly be able to skip your daily Starbucks Caramel Frappuccino or a quick sandwich/drink in favor of getting out of debt 5 to 6 times faster or saving up to tens and even hundreds-of-thousands of dollars.

Remember, success in any endeavor always comes down to the 3Ss. – Your STRATEGY, the STORIES you tell yourself and your STATE of mind. Managing these and you can win at virtually anything.

For a mortgage payoff calculator, go here.

Credit Card payoff Calculator

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Financial Literacy – Jon Bender

$10 Debt Calculator – The Amazing Trick