Thank you Vanash!
You seems highly intelligent!
Answering a question the way you do, make you different from all the Davids and Ayjay's out there! Keep it up!
Ok...here comes my side of the story:
What I am about to show you is not "Wiseman Concept" but to prove to you that "ZERO" does exist!
This is not more than 14 year old mathematics, however the "Wiseman Concept" has been proved 5 x better than the "zero" formula!
The old system:
PLAN A ......A husband and wife saves over 4 years R 150 000 to buy a car for their son.
Currently awaiting the driver licence fiasco they invested the money with Allan Grey @ 10% per year ( Lets talk round figures ) earning R 1250 pm interest.
PLAN B ......A friend with very little financial sense suggest that they leave the R 150 000 in the bank and rather borrow R 150 000 @ 13.2% per year for 20 years.
This friend with little knowledge about anything was treated like an idiot because he suggested to pay R 1650 pm for 240 months and 3,2% more interest! Shame!
EVERY ONE CHOOSE A:
Why? Because it look cheaper!
What you are about to see is that the person choosing (A - cheaper plan ) think with his eyes and ears and not with his brain - many years will result in no brains and bigger eyes and ears, unfortunately the person choosing ( A ) lost R 240 000 in 7 years by listening to his eyes and ears!
Those who chose ( B-the more expensive plan and 20 years ) have gained the economy R 657 000 in 7 years, they got the bank to pay R 7000 to buy the car, fully paid the car, the bank interest was fully paid, the loan of R 150 000 was fully paid, the car is in the garage, and the the husband and wife has R 177 000 in the bank... R 27 000 more than what they saved, and the drove the car for 7 years.
NOW!!!
GO TO STANDARD BANK WEBSITE
www.standardbank.co.za
Click on "HOME LOANS"
Click on "CALCULATOR:
Click on "WHAT HAPPENS IF YOU PAY MORE OR EXTRA"
USE YOUR CURRENT AVAILABLE RATE ( BETWEEN 7.5 - 8.5% )
Leave your money in the bank - use the interest to add as additional payment ( R 1250 )
YOU WILL SEE THAT PAYMENT OF THE LOAN WILL BE APPROXIMATELY 5.8 YEARS AND NOT @) YEARS ( Poor David & Ayjay )
NOW!!!
Between 5.8 years and 7 years ( Perfect figure ) approximately 14 months are left over after the bond is paid in full, the R 150 000 remains in the bank earning R1250pm + R 1650pm because the installment were paid up = R 1950 x 14 months = R 40 600. WOW!!! But the family lost R 400 pm x 84 months because the were getting R 1250 interest and paying the bank R 1650 pm ( -R400 ). NOW!!! -R400pm x 84 months is R -R33 600, NOW !!! You saved R 40 600 in 14 months, you lost -R 400 because you have chosen (B) R 40 600 - R 33600 = +R 7000. ( Poor David & Ayjay )
NOW!!!
The bank lost nothing - R 0.00
They got the full R 150 000 paid back
They got all their interest + personal getting paid, creating thousands of JOBS - cool stuff!!
The car dealer has been paid his full R 150 000 - mechanics, sales staff, admin staff, cleaners, managers etc getting to work again - cool stuff!
The factory got there R 130 000 for building the car - thousands of factory workers, admin staff etc - cool stuff!
And you as the client ( husband & wife ) got R 177 000 in their bank, calculated as follow: R 150 000 remain in the bank, sell the car for R 20 000 ( Scam system ) and the bank paid you R 7000 to buy the car! ( Poor David and Ayjay and all the poor suckers out there who believe DAVID when he say its a scam )
David I have news for you - come right or face major financial problems in your life - don't steal money from your family's by NOT DOING THE "WISEMAN CONCEPT"
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