Go to Jeff Salisbury LWGate Home Page.From: <ricky.hatch@us.pwcglobal.com>
Subject: Debt Free and Prosperous Living(tm)
Date: Thu, 23 Jul 1998 13:11:22 -0700
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My brother lent me the tapes and workbook. The concepts are pretty helpful, though basic, and the speaker is fairly motivating. We have implemented a few of his ideas and have found success so far. He takes the discussion beyond financial topics into simplifying your life, and even into faith. He seemed genuine, but I probably wouldn't have spent $100 or so bucks for what I learned (most of it is common sense--cut up the credit cards, pay off highest-interest debt first, etc.). I have a follow up question for everyone. Greg Moore brought up an interesting comment that I'd like to throw out for your feedback. Regarding mortgages, his argument was interesting: during the first several years of our mortgages, the overwhelming majority of our monthly payment is going to interest. The average length of time that we live in a house before moving is 7 years. So, in essence, we are paying 80-90 percent interest on our home loan because by the time we start increasing the amount of our monthly payment that goes to principal, we refinance into another home, another mortgage, and we're back to a monthly payment that goes mostly to interest. Any thoughts? **************************** From: ANDREA WELCH <ACE.AWELCH@MEMO.ACEHARDWARE.COM> Subject: Debt-FREE & Prosperous Living(tm) Has anybody had experience with the "Debt-FREE & Prosperous Living(tm)" course being offered by Greg Moore, Certified Financial Independence Consultant, Financial Independence Network Limited? - ---------------------------------------------------------------- The information transmitted is intended only for the person or entity to which it is addressed and may contain confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient is prohibited. If you received this in error, please contact the sender and delete the material from any computer. - -
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