I have an amazing investment opportunity for you — I mean a killer venture — with big rates, a solid format, the flexibility to choose which particular commodity you want to invest in and an incredibly popular financial method that has been in motion for over seventy years. In fact, last year alone there was 370 Billion dollars currently invested in this security with projections that it will only increase over the next five years.
For example, in our $20,000 investment package — and we have many price ranges to tailor to your needs — we can guarantee that in just three short years your investment of $20,000 will be worth — are you ready? — that projected out, your investment will be worth — $12,000.
That’s right. We see a solid 40% depreciation in your investment in just three short years, in each and every investment.
But this is just the beginning. If you don’t have the initial $20K to invest, no problem at all, (in fact, we would much rather that you didn’t). Because we can set you up with a payment plan where for only $24,000 we will loan you the $20,000 to give to us to start the depreciation on your investment.
And — and here comes the best part — at the end of five years, you can sell your product for 25% of your initial invested net worth and take on another loan for a new product — and if that product is not completely paid off, just roll the remainder of the old loan into the new investment.
I know, I know. You’re welcome.
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THE TRUTH ABOUT CARS AND TRUCKS.
The average American will own 16 vehicles in their lifetime. Estimating car loans and depreciation that means that you will pay somewhere between $175,000 to $350,000 — depending on your tastes — for the privilege of driving those vehicles for a six year period. This will continue until you stop driving somewhere around the age of 74.
Now 22% of all vehicles purchased are bought for cash. For these people they will pay around $75,000 in their lifetime for the same vehicles. So who are these incredibly wealthy individuals who can afford to pay cash for such a big ticket item?
Well, they’re teachers, cops, waitresses, landscapers, cooks and salesman. That kind. Smart people. But these smart people know something that you don’t. They know what a car or truck is.
To them a vehicle is a tool. Period. It’s a device to take them from point A to Point B. It is a reliable method to transport them where they need to go so they can do what they need to do. It’s a disposable utensil. That’s it.
What it’s not, is a reflection of their personality. It’s not a symbol of their success or of their lifestyle. It is not a statement to the world and it will not change their life, make them feel better, give them confidence or fill in any gaps or holes from their past.
Trivia question. What is the largest demographic of people that buy the most ultra-high millage Jaguars each year?
Answer: Those with an income below $28,000.
In fact, many bad credit, buy here/pay here, lots have stopped stocking Corollas, Camry’s and Taurus because their buyers simply don’t want them. Instead they offer ultra-high mileage SUV’s and luxury cars. The car of choice? A Jaguar S-Type with 150,000 or more miles and a shiny exterior — those babies fly off the lot for $8,000 – $12,000, made on weekly payments.
And on the other side, many highly successful people drive late model cars that they paid cash for, maintain and keep until it financially makes sense to dump them and buy another one.
HOW TO NEVER HAVE A CAR PAYMENT AGAIN.
1). Agree to never, ever, take on a car payment again. Write this promise down. Sign it. Tape it to your bathroom mirror and post it on Facebook. From now on, you will only pay cash for vehicles for the rest of your life.
2. Take a year. If you have a car now, vow to keep this car for at least one more year, to give you time to build up your car fund. If you don’t have a car then vow to go without a vehicle for that same time. Take the bus, car pool, rideshare, whatever you need to do. You can go without a car for a year — 84% of the people in the world don’t own a vehicle and never will. Remember this single decision can save you $100,000 over your lifetime.
3. Create a car account. This will be where your car payment, to yourself, and it will be your vehicle maintenance repair and replacement fund. Determine a set amount — an average car payment is around $350 a month — and deposit this in this account, each and every month. You don’t want the amount to be too high that you’ll try to cheat when those unexplained expenses come up but not too low that it takes too long to build up. You will keep this account for many, many years so make it one that’s easy to transfer money into.
4. Buy a vehicle. Once you hit the $3,000 to $4,000, go on craigslist and get yourself a safe, reliable vehicle. Take your time and remember — you have a choice. So many times we chose a vehicle because we feel limited. No. You have all the time in the world, cash in your pocket and you will only buy the right vehicle for you.
5. Continue the payment. Once you have your car, you will continue to make the monthly car payment to yourself. This will act as your maintenance, repair and replacement fund. You will take all your oil changes, tires, and repairs from this fund and not buy tires on credit or charge the new muffler.
6. When to buy another car. The key is, you will continue to drive your vehicle until the overall repair costs exceeds the car payments for four months. So, if you are making a $350 monthly payment to yourself and you need a $600 fuel pump, great. Replace it. But when the $1,500 catalytic converter needs to be swapped out, this probably means it’s time to dump the car and get another one. You can now take the $1,500 you would have used for the repair, add some more and get another safe and reliable vehicle. How much should you spend? It’s safe to use 75% of your car fund for a replacement vehicle but don’t feel that you have to spend that much. It’s your choice. Hey, you’re a wealthy person with cash to spend. You can do whatever you want.
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