Create Personal Wealth Beyond Your Small Business, Part 4
Posted in Finance on May 23, 2008
If you combine a fully amortizing loan with flexible pre-payment terms, sophisticated money management software, and a low-cost line of credit, you can be commercial loan debt free in a very short time, saving you literally hundreds of thousands to millions of dollars in interest expense.
Amortization: Your Enemy; the Banker’s Friend
I have to digress a bit to property cover the next aspect of Small Business Wealth Creation. I want to show you the detrimental effects of loan amortization, how lenders benefit from it, and give you a strategy to “turn the tables? on your lender.
Deal of the day
