SLIDE 10: the BLOC is a better financing option
What We Have Learned
You can use your BLOC to finance any need. As demonstrated in the previous illustration, you paid off the car within 1 year. All further payments from your child is now excess income. You will be earning the interest instead of the bank.
Of course, this is a simple illustration. Factors may lesson the amount of discretionary income you may have from month-to-month.
What has Been Demonstrated is the Power of the BLOC Program
You could use the BLOC to finance home improvement, put a down payment on car, pay for college, start a family business, and finance other family needs.
Where to Next
Next Step:
use this 10-step success plan for implementing and managing your BLOC:Last Step:
see how the BLOC can be used to payoff your mortgage:Important Note:
Never Let Your BLOC Move Into Negative TerritoryYour BLOC should not drop below a zero balance. This is money that you are giving away to the banks. You should use your BLOC to payoff your mortgage whenever your BLOC balance reaches zero.
