SIMPLE STUDENT LOAN STRATEGY

The key to financial security is understanding wealth acceleration. Financial literacy begins when you recognize that you cannot become financially free if you are in long term perpetual debt. A classic example to illustrate this is a mortgage. On average, a person stays in their home five to seven years. The banks know this. In those five to seven years, over 80% of the mortgage payment goes straight to interest not to principle. Because the banks "front-end load" a mortgage with interest, no one ever comes close to paying their home off. Instead, homeowners are enslaved by the banks without recourse in what is known as perpetual debt... Perpetual debt is long term debt and is the worst form of debt. In most cases, banks expect the homeowners to pay as much as 2½ times the amount of the original mortgage. While most homeowners cannot pay cash to purchase a home, that doesn't mean they should remain in long term perpetual debt. Long term perpetual debt is the greatest stumbling block..

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