If you're like the average person, be warned in advance about what I will reveal in the following paragraphs. You may be angry after you finish reading this article about how he has been misled in the use of credit card debt. The U.S. economy is designed to make the work yourself to the point of exhaustion, only to create wealth for the companies themselves to work to death for himself? not for you! The most telling example is the consumer debt. For example, if you buy your home with a conventional mortgage, you'll pay about three times the amount on the life of the loan.
Think of it this way. It's like taking your monthly mortgage payment and triple, and then send it to the bank. This is the amount you eventually pay for the privilege of using their money. So you can see how two-thirds of the total amount you pay your mortgage company is mainly of interest payments. Interest is pure profit for companies mortgage and a detriment to your financial well being. Ask yourself a serious question? does the Bank deserve to get much of their hard earned money? Do you think they are doing an outstanding job should be compensated as well? This simply means that when you get home from a hard day of work, you just contributed to your bank or mortgage company to the bottom line? not yours. THIS IS YOUR MONEY! I'm sure you've worked hard to earn it. You definitely have to pay taxes on it.