Financial Literacy from Jerusalem

Greeting from Jerusalem.

I am looking out of my hotel room window with a view of sunrise coming over the Tower of David in the Old city of Jerusalem.

It's awe inspiring thinking of the great people of history that have seen the exact same sight.

All of this while reading an email from a friend who is in the business of helping people improve their financial position, Dave Ireland of InvestInYourDebt.com . His goal is to "eliminate all debt on the planet".

There is so much danger facing people who want to make the right decisions but just do not have 'Trusted Advisors' that know what they are doing and have the client's best interest as their prime objective.

Dave's client asked him if he should use the extra money he has to pay off his mortgage or put it someplace where he has-

" an investment which will get me a min. of 5% per month".

NOTE: A good idea without good implementation is not really a good idea.

Regards from across the ocean.

Alex Weiss, co-founder
www.WealthBuilderUniversity.com

PS Click on the continuation for the question and Dave's answer.

Hi Dave,

My name is brian I have your book and its very good. I   have a question though. I am in a position to  pay off all my credit card   debt using the snowball effect that you teach in your book.

Now, by the   time i get to my mortgage i should have and additional $1500.00 or a little  
more to start on paying additional on my mortgage. Now heres my dilema ...   i can take that extra 1500 and send it to the mortgage company to go to the   principal or i can take that same 1500 and put it in an investment which   will get me a min. of 5% per month.....then by putting that money into my   investment over a period of time i will have enough to COMPLETELY pay off   my mortgage and when i get that amount i can just withdraw it and pay my   mortgage off.

The only bad thing is i dont know how much i will be taxed by   the feds on that money. Then on the flip side i just dont trust my mortgage   company because they always seem to have ways of not  applying your money   the way you ask them to so i just dont know if its beneficial to just send the mortgage company this extra money without "REALLY" knowing what they are   doing with it or would it be a better idea to make the investment and get   5% per month and save that money until i get enough to pay the house   off.... i know i am talking in circles .. i hope you can understand my   question...please get back to me.

 

 

Brian,

 

Anyone offering you 5% a month is a "scam artist" and needs to be reported to your local ( Sheriff) Attorney General.

 

Which Nigerian scam is this?

 

Call me if you need help straightening out your Mortgage Bank.

 

Thanks,

 

Dave Ireland

 

Founder, President & CEO IYD Inc
The "Invest in Your Debt" Company

 

512 447 1990
www.InvestinyourDebt.com

 

PS I'm glad you liked the book.