Consumers Get a Guaranteed Return on Investment When They Focus on Debt
Gene Jolley has a message for would be investors: quit throwing your money away. But the founder of Kingdom Financial Principles ( www.solongbills.com) doesn’t mean we should all pull our money out of the stock market and hide it under the mattress
(PRWEB) May 3, 2005 -- “Investors are faced with uncertain financial times
right now for obvious reasons,” Jolley explained. “On one hand they’re investing
money each month in stocks, 401(k)s and other vehicles that depend at least to
some degree on what the markets are doing, which many portfolios have not
recovered from the last market dip. But on the other hand, they’re shelling out
hefty minimum monthly payments to credit card companies, which barely cover the
10, 15 or 25% interest they’re being charged.”
Jolley’s solution? Take a
break from investing and focus on eliminating debt. He reasons that although
investors can buy more shares at today’s lower prices, they’re still turning
around and handing over any future profit to their creditors just to keep up
with the interest on their credit cards. Jolley points out that by paying off
debt, investors are effectively earning a return on that “investment” of 10% or
more. Once their credit cards are paid off, Jolley advises investors to put
their increased purchasing power back into their monthly investments.
Though debt consolidation may seem like a good way to pay off bills,
Jolley warns debt-saddled investors not to go that route. “Debt consolidation
services essentially make their money by brokering transactions between
consumers and creditors,” he says. “For that reason, it is in their best
interest to keep their clients paying low payments for as long as possible.
Often they’ll charge stiff penalties for early payoffs.”
Those unsure of
how to quickly eliminate their debt without consolidating can turn to Jolley’s
Web site, http://www.solongbills.com. Along with numerous articles
explaining debt elimination principles, the site features Jolley’s Rapid Debt
Reduction software, which helps users eliminate all debt – including their
mortgages – in as little as five years and includes a comprehensive budgeting
program. Based on the principle of debt stacking, the software also shows users
how much they will make once they eliminate their debt and begin investing.
For more in-depth help, Kingdom Financial Principles also offers books,
audio tapes, courses, and seminars that show clients how to get out of debt as
quickly as is mathematically possible.
“Kingdom Financial Principles
offers a very real and practical way of eliminating debt,” Jolley says. “We show
people how to take the money they were paying in monthly payments and save for
their future. And unlike the stock market, our system is a sure thing.”
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Source : http://www.prweb.com/releases/2005/5/prweb236046.htm