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Today’s Financial Crisis…

Today’s Financial Crisis…. “The personal savings rate is in negative territory.” Newsweek.com, February 1, 2008 Nearly half of all workers have less than $25,000 set aside for retirement. 2008 Retirement Confidence Survey

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Today’s Financial Crisis…

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  1. Today’s Financial Crisis… “The personal savings rate is in negative territory.” Newsweek.com, February 1, 2008 Nearly half of all workers have less than $25,000 set aside for retirement. 2008 Retirement Confidence Survey “More than one million homes are now in foreclosure, the highest rate ever recorded.” CNNMoney.com, June 5, 2008 Families need us more today then ever. Together we can make a difference one family at a time.

  2. In the News… Mr. Burger noticed that the minimum payment of $1,697 was actually adding $1,000 to his balance every month. “I’m not making any ground on this house; it’s a loss every month” he said. “They know they’re selling crap, and they’re doing it in anyway that’s very deceiving” -Sacramento Police Officer Gordon Burger

  3. Before Primerica 1st Mortgage $175,000 @ $1,3501 (for 25 more years) Personal Debt $32,157 @ $1,2072 Total monthly payments = $2,557 Original Loan APR: 7.99% Original Term: 30 years Original Loan Amount: $184,100 Market Value of Home: $263,000 Let’s Look at the Jones Family*

  4. After Primerica Refinanced $210,000 for 25 years at $1,531 per month3 At age 35 Makes available $1,026/month4 Invest $658 a month at10% for 15 years = $272,7005 Add $3686 a monthtoward paymentof principal $272,700 invested/house and all debt paid off in 15 years

  5. After the house is paid off, take the $272,700 lump sum you accumulated and invest with the $2,557 now available each month until age 67 The total, given a 10% return = $2.84 million5 After Primerica

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