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The Path to Financial Freedom:

A simple and easy guide to assist you in reducing or eliminating the negative flow of money


Learn how to live within your budget and how to have your money earn money.


Discover how to live within your income, reduce or eliminate the negative flow of money and to have your money earn money.


Step 1: Reduce or eliminate the negative flow of money.


The negative flow of money is credit card interest, impulse buying and gambling.


Contrary to what most people think, the average monthly interest rate on a credit card, if you pay the minimum amount required by the bank is:


70% - 90%


Yes, you read that right! To determine what the interest rate of your card(s) is to divide the finance charge by the minimum payment.


Let’s say you have a credit card with a $5,000 balance due at 20% APR.


($5,000 x 20% = $1,000) This is the yearly amount the bank will charge you to use the credit card. The bank bills monthly; so $1,000 divided by 12 months equals $83.33. The bank no longer calls it interest; it is now referred to as Finance Charges. Since a credit card is not an installment fixed loan, and is in effect a revolving payment, the bank sets the minimum payment due. This minimum payment is approximately 2% of the balance. In this example 2% of $5,000 is $100.

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