Debt Elimination is a major key to component to true wealth. With the Cash Flow Maximizer you will be able to eliminate debt faster and start saving for retirement. It is simple to use, just enter all of your debts, minimum payments, actual payments and interest, then click the “Show Payoff Plan” button and the program will generate a PDF printable document, when followed will help pay off your debt quickly and efficiently. If you are able to add additional payments, no problem simply add that amount the program and it will recalculate for your new pay off plan. Below is an example of the way the program works.
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By keeping your payment level at $2,468 you could reduce your total debt payments (principal and interest) from $466,651 to $342,773 and be out of debt in 11.8 years instead of your current projected 30.1 years! This represents a reduction of $123,878 and 18.3 years. Further, once all debts have been paid off, you could invest the same monthly payment amount at 8.00% and accumulate a savings account balance $1,149,351 over that same time period!
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