Let's say you have $45,000 in total debt. You only have $5,500 in income, and your total monthly debt expenses are $500 and other monthly expenses total $4,900. That leaves you $100 each month that you can choose to spend however you'd like!
How long would it take you to pay off that $45,000? Well, some basic math would tell you that it would take 90 months to pay off the $45,000 ($45,000 / $500). That's 7.5 years, and keep in mind, I didn't even take interest into consideration.
What if I told you that you could do it in 4 years? Sound to good to be true? That's what I thought until I saw how it was possible. But, that's exactly the truth, and through the Worth Account, I'm paying off $45,000 in just 4 years! Well, I've been given a raise and had some nice tax returns that has sped up that payoff date, but when I first heard about the Worth Account, I thought it was too good to be true until I learned how it worked and saw it in action within my own life. I've paid off a car, multiple credit cards, loans, and continue to use it, and will until I'm debt free!
When I had $45,000 in debt when I first came across the program, I was left with two choices. Continue to do what I'm doing and pay off my debts in over 7 years, or do something different. The alternative option happened to be 4 years, and I'm glad I chose the alternative choice, because I would most likely still be on that 7 year plan or longer.
Shane D. Sorensen, MBA
Hi. Thanks for checking out my blog! I decided to blog my experience with the Money Max Account while offering other helpful, financial advice. I hope what I share proves useful.