Car Bills

How Making Car Payments can Create Millions in Tax-Free Wealth

If from age 25 to age 65 you had…

1. Paid cash.

• Your net wealth would be approximately 35% of the purchase price of your last car AND

• You created NO WEALTH after 35 years of car payments.

2. If you had financed or leased your car for many years, you would have lost…

• All of the interest and payments that were paid to third-parties AND

• The opportunity cost of the funds you paid in car payments to others.

OR...earn Millions in Tax Free Wealth using a Bill Paying system the Wealthy use

After speaking with one of our licensed agents, you will understand how to take advantage of a Compound vs. Simple interest spread offered by certain US financial companies. The table below assumes the deposit account earned 8.11% COMPOUND and the lending account cost 4.25% SIMPLE. The assumptions were paid in October 2014. Your deposits and gains are never at risk of loss.

 
 

OR...earn Millions in Tax Free Wealth using a Bill Paying system the Wealthy use

If you own several vehicles then the tax free wealth you could create for yourself is far greater. If you started at age 25 and funded it until age 60 from ages 70 to 120...You would receive $105,621 tax free per year In fact... no matter how long you live you will not outlive your money.



  • $3,168,630 tax free to retire on from age 70 to age 100.
  • $5,281,050 tax free from age 70 to age 120.
  • Death Benefit age 25 : $623,952; age 65 : $1.4 million.
  • $1.5 million terminal illness. $1 million for chronic & critical illness.
Do the math! Earn so much more by just paying your car bills smarter!
Everyone is used to looking at pre-tax income. At a 40% tax bracket, tax-free equivalent would be:
 
 
  • $176,035 per year from age 70 to age 120.
  • $5,281,050 to retire on from age 70 to age 100.
  • $8,801,750 to retire on from age 70 to age 120.

If 2 cars and at a 40% tax bracket: income age 70 to age 120 looks like this...

 
 
  • $352,070 per year from age 70 to age 120.
  • $10,582,100 to retire on from age 70 to age 100..
  • $17,603,500 to retire on from age 70 to age 120.

Genius...Albert Einstein said


"Compound interest is the 8th Wonder of the World. Those who understand it, earn it. Those who do not understand it, pay it. Compound Interested is why this bill paying system works."

209-814-6865 | JLM@BankingLikeTheRich.com

Disclaimer: The material presented on this site is included with the understanding and agreement that BankingLikeTheRich.com is not engaged in rendering legal or other professional services by posting said material. U.S. Treasury regulations require us to inform you that any U.S. federal tax advice contained herein is not intended or written to be used, and cannot be used, by any person or entity for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code. The services of a competent professional should be sought if legal, accounting, tax or other specific expert assistance is required.