This presentation does not address the fact that the interest rate on Negative Am loans changes with the market. So, if you send that $1200 to that “safe” investment … for let’s say 7%, and the interest rate on the neg. am loan rises to 8%, because of changing market conditions, you lose.
This seems to be a presentation to push the neg. am loan …. not reach financial freedom.
He is saying if you are a disciplined saver to borrow as much as possible and bet that the gain exceeds the drain? Setting aside his math, if you are a disciplined saver, save before you buy and you will reach the goal much faster without the loan eating away your net savings rate.
I can see I have many more articles to add to my blog.
Balance transferring actually decreases your credit score. The credit bureaus see this as just “shifting” debt. What I would suggest is consider taking one of those credit card offers that you get in the mail. If it promotes 0% financing for cash advances, then you’re in luck. Take a cash advance for the amount of money that you owe on your other credit cards. Deposit that money in your bank account. Then, take that money and write a check to your lenders to pay off that debt. The credit bureaus see this as you paying off your debt. Now, you have some time buy with your new credit card. Hurry up and pay this off!
This presentation does not address the fact that the interest rate on Negative Am loans changes with the market. So, if you send that $1200 to that “safe” investment … for let’s say 7%, and the interest rate on the neg. am loan rises to 8%, because of changing market conditions, you lose.
This seems to be a presentation to push the neg. am loan …. not reach financial freedom.
He is saying if you are a disciplined saver to borrow as much as possible and bet that the gain exceeds the drain? Setting aside his math, if you are a disciplined saver, save before you buy and you will reach the goal much faster without the loan eating away your net savings rate.
I can see I have many more articles to add to my blog.
Balance transferring actually decreases your credit score. The credit bureaus see this as just “shifting” debt. What I would suggest is consider taking one of those credit card offers that you get in the mail. If it promotes 0% financing for cash advances, then you’re in luck. Take a cash advance for the amount of money that you owe on your other credit cards. Deposit that money in your bank account. Then, take that money and write a check to your lenders to pay off that debt. The credit bureaus see this as you paying off your debt. Now, you have some time buy with your new credit card. Hurry up and pay this off!