Meet Max & Meaghan
Married couple, early 30’s.
Example for illustration only; individual results vary.
They had a debt problem
- They didn’t have cash to pay for the things they wanted or needed at the time of purchase, so they had to borrow money.
- Their debt included 3 credit cards, 2 auto loans and a mortgage.
- Their total debt was $227,673.
- According to their current debt situation, making only the minimum payment on their debts, it would take them 24 years to become debt free.
- Their amortized Effective Interest Cost (the amount of interest they are actually paying on their monthly debts) was 45%. Meaning $.45 of every dollar paid on their minimum payments was going directly to interest, not towards the principal of their loans/debts.
- Their money was compounding for someone else (the banks and credit card companies), not for them.
They committed to a customized Debt2Capital™ plan
Max & Meaghan worked with their agent to apply for the plan. Once approved, their plan was turned on. Rather than paying over their required minimum payment, Max & Meaghan started making minimum payments on their debts to their creditors. The money they were paying over and above their required minimum payments was redirected to their D2C™ plan. They also reallocated some money they were putting in their savings and some extra money they found in their budget. This was done so they could expedite their debt payoff plan.
Accumulation starts
Their money began accumulating and compounding interest in their favor. Several months into the plan, they had enough money to pay off the first debt. A text message was sent to them to pay off their first and lowest debt (credit card). Their agent assisted them with this process. After paying off debt #1, they rerouted the minimum payment they were making to the credit card company and placed that into their SDIC (specially designed insurance contract) account. This was done to snowball their cash accumulation.
Let the snowballing begin
Utilizing an enhanced snowballing method, they received another text from the D2C™ software a few months later. Again, a text message let them know their plan had enough money in the account to pay off their second debt (credit card). Fortunately, this software takes all the guess work out of the plan. Again, with the assistance of their agent, they paid off Debt #2. Once again, they took that minimum payment and redirected that money to their SDIC account.
Rinse & repeat
This process continues until all debts are paid off. Due to the size of their next highest debt, their next payoff is scheduled for a year and a half after debt pay off #2.
On their journey to a debt-free life
Max and Meaghan are still actively working their D2C™ plan. Their mortgage will be paid off in ten (10) years. They have committed to the process and do not intend to incur any additional sizeable debt. By the time they are done with their D2C™ plan, they will have a projected minimum cash value of $97,183 and as much as $104,325. They will have access to this money for future purchases. At that time, they will stop being a borrower and begin to “self-finance” all their major purchases going forward. By paying themselves back after borrowing from themselves, they will gain the interest the banks, credit card companies, and auto financiers would have otherwise taken from them.
Max and Meaghan are so happy with their D2C™ journey so far that they have shared their story with their friends and family, so they too can have the opportunity to become debt-free.
Example for illustration only; individual results vary.
