Escaping the Pay-Day Loan Trap


Hi J Massey with the cashflowdiary.com. Another
quick tip about business and real estate. Today we’re going to talk about escaping the
payday loan trap. Hey, if you’re anything like me, you’ve been
in the pay day loan trap. Most of you, you probably already heard my story you understand
that that a few short years ago, my wife and I were in a very tough situation. We were
technically homeless, squatting on bank-owned property. I couldn’t walk and talk and we
were looking for anything that we could do to be able to earn an income. Well, even before I was married and all that
was happening, get this, I was stuck in a pay day loan cycle. You know how you go to
those places. You try to get some money really, really fast and what you’re looking for is
just a solution to the next pay check but because they charge such a high interest rate,
you never really get out of that cycle and you have trouble escaping it. Well, here’s one simple word that you could
begin to understand to be able to create a situation in which you get to escape the payday
loan trap. That word is value. See, the reason payday home businesses are actually profitable
is because what you value at that time is different than what you can learn to value
when you want to escape the trap. One of the things that someone has said to
me before is that interest is the percent that you pay for impatience. Because you don’t
want to wait, because I didn’t want to wait, I had to pay a penalty — that penalty was
called interest. So by learning to value and develop patience, and in some cases, let’s
be honest, this is financial, pure financial discipline and allows you to be able to escape
the payday loan trap. Well, here’s the point, you can. And we can show you how to do it. If you like information like this and you
want more of it, feel free to go ahead and click the subscribe button and we’ll make
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