We have been conditioned to see how much money we have to spend on a monthly basis. Do we have enough to make one more payment? Sometimes we don’t even ask the price. The price doesn’t seem to matter as long as the monthly payment will fit into our budget. The merchants advertise just the monthly payments because they know that we have been conditioned to consider only that in our decision making process.

And the advertizers, credit card companies, and merchants show us beautiful people having a great time spending and traveling the world without a care. They very effectively paint a picture for us that says that because these people have this credit card, they have all that they need to enjoy life and live it to the fullest. "It's all you want to be." There’s only one problem. It’s all an illusion. Eventually, you have to pay it all back - with interest. And they make a lot of money at your expense trapping you into making just minimum payments.

Let’s look at a typical credit card purchase to see what really happens. Suppose you want to buy a new big screen TV, and you decide to use your credit card. The price of the TV is $2000, and the card interest rate is 19.9%. Then, like most Americans, you make just the minimum payments, because you want to have room in your budget for other payments. Making just the minimum payments, it would take you over 30 years to to pay for that TV. Not only that, but you would pay over $8,000 dollars in interest!  So this $2,000 TV ends up costing you over $10,000. No wonder you feel like you just can't get ahead!  Compound interest is working against you.

With the help of the DebtWealthPlan, the power of compound interest can begin to work for YOU!