Automatic Debt E-Racer^® Program

Financial Report Prepared for

John and Joyce Dent

It’s Costing you $113.66 per Day for Interest Fees

by John Charles

Executive Summary:

Report:

Following your present course you are scheduled to be in debt for the next 39 Years and 2 Months. During that time you will pay $502,772 in interest and $370,800 in principal for a total of $873,573.

By utilizing the Automatic Debt E-Racer^® Program (ADE^®) you could actually be debt-free in 7 Years and 9 Months, while saving $366,646 in scheduled interest payments! This is 31 Years and 5 Months sooner than your present course!

Further, if after the 7 Years and 9 Months you took the money you are currently wasting on debt each month ($5,509) and invested it at an average rate of return of 6% per year for 31 Years and 5 Months, then 39 Years and 2 Months from today you could have $6,121,019 in retirement savings.

The equivalent return on investing in your debt with a Spend Smart Factor^® of $100 is 81.48%

.

Present Course

Debt

Balance

Payment

Int Rate

Months

Int Paid

Household

$290

$15

27.49

26

$98

Chase

$475

$16

27.24

56

$365

State Farm Bank

$3,729

$621

10

7

$113

Macys

$514

$17

24.9

59

$368

Belk

$270

$12

20.6

22

$56

Capital One

$467

$15

19.8

45

$194

Household

$266

$15

18.99

21

$49

Talbots

$1,042

$53

22.9

64

$527

Wamu

$2,620

$128

31.99

126

$2,922

Citibank

$2,667

$90

29.99

257

$6,652

Chase

$5,873

$194

29.99

375

$17,245

Citibank

$2,906

$97

28.99

255

$6,770

BOA +

$4,548

$140

27.99

360

$13,137

Wachovia

$5,542

$208

26.99

215

$7,905

Chase

$3,747

$116

27.24

306

$9,371

BOA

$2,973

$96

26.99

243

$6,097

Juniper

$3,527

$86

27.24

120

$6,721

BOA

$14,906

$459

26.99

470

$39,466

Wachovia

$2,398

$77

26.99

224

$4,860

Wachovia

$4,700

$145

24.99

280

$9,084

BOA

$2,475

$75

22.99

197

$3,699

BOA

$2,111

$60

23.74

221

$4,008

BOA

$6,558

$186

22.99

332

$12,913

Sears

$4,079

$0

20.4

410

$6,036

BOA

$28,026

$669

12.99

346

$22,948

GE Money Bank

$3,536

$83

10

53

$853

AMEX

$1,379

$28

11.24

124

$806

Capital One

$2,440

$48

11.31

183

$1,824

Chase

$199,600

$1,336

6.875

340

$253,377

Wachovia

$9,722

$155

5.75

284

$3,954

Sallie Mae

$47,412

$168

4.25

360

$60,354

Totals

$370,800

$5,409

$502,772

It’s Costing you $113.66 per Day for Interest Fees

Current Weighted Average Interest Rate is 11.0%

Your Effective Interest Rate with the ADE^® Program is Reduced to 4.7%

Automatic Debt E-Racer^® Course

Debt

Balance

Months

Int Paid

Int Saved

Household

$290

3

$12

$85

Chase

$475

7

$53

$312

State Farm Bank

$3,729

7

$113

$0

Macys

$514

7

$72

$297

Belk

$270

8

$31

$25

Capital One

$467

8

$58

$136

Household

$266

8

$29

$20

Talbots

$1,042

9

$153

$374

Wamu

$2,620

11

$642

$2,281

Citibank

$2,667

14

$792

$5,859

Chase

$5,873

18

$2,180

$15,065

Citibank

$2,906

20

$1,199

$5,571

BOA +

$4,548

22

$2,039

$11,098

Wachovia

$5,542

24

$2,332

$5,573

Chase

$3,747

26

$1,878

$7,493

BOA

$2,973

27

$1,498

$4,599

Juniper

$3,527

29

$2,155

$4,565

BOA

$14,906

33

$8,735

$30,731

Wachovia

$2,398

33

$1,430

$3,430

Wachovia

$4,700

34

$2,629

$6,455

BOA

$2,475

35

$1,261

$2,438

BOA

$2,111

35

$1,192

$2,816

BOA

$6,558

36

$3,594

$9,319

Sears

$4,079

39

$3,632

$2,404

BOA

$28,026

42

$8,640

$14,308

GE Money Bank

$3,536

42

$809

$44

AMEX

$1,379

42

$404

$401

Capital One

$2,440

43

$741

$1,082

Chase

$199,600

84

$71,155

$182,222

Wachovia

$9,722

75

$1,869

$2,085

Sallie Mae

$47,412

93

$14,798

$45,557

Totals

$370,800

$136,127

$366,646

Monthly Income

Monthly Debt

Applicant

$11,974

Mortgages

$1,336

Co Applicant

$0

Credit Cards

$3,200

Other

$0

Vehicle Loans

$704

Student Loans

$168

Other Loans

$0

Totals

$11,974

$5,409

Your Current Debt to Income Ratio is 45.2%

Percent of Your Monthly Income Paid Out

If you are debt free, you can maintain the same standard of living on just 54.8% of your present income and have 45.2% of your income ($5,409) available to save each month. Will you be better off when you are debt free?

Payoff Date Comparison

Present Course         ADE^® Course

Month 0

# of Months 470

Payoff Date

Household

Jun 2011

Jul 2009

Chase

Dec 2013

Nov 2009

State Farm Bank

Nov 2009

Nov 2009

Macys

Mar 2014

Nov 2009

Belk

Feb 2011

Dec 2009

Capital One

Jan 2013

Dec 2009

Household

Jan 2011

Dec 2009

Talbots

Aug 2014

Jan 2010

Wamu

Oct 2019

Mar 2010

Citibank

Sep 2030

Jun 2010

Chase

Jul 2040

Oct 2010

Citibank

Jul 2030

Dec 2010

BOA +

Apr 2039

Feb 2011

Wachovia

Mar 2027

Apr 2011

Chase

Oct 2034

Jun 2011

BOA

Jul 2029

Jul 2011

Juniper

Apr 2019

Sep 2011

BOA

Jun 2048

Jan 2012

Wachovia

Dec 2027

Jan 2012

Wachovia

Aug 2032

Feb 2012

BOA

Sep 2025

Mar 2012

BOA

Sep 2027

Mar 2012

BOA

Dec 2036

Apr 2012

Sears

Jun 2043

Jul 2012

BOA

Feb 2038

Oct 2012

GE Money Bank

Sep 2013

Oct 2012

AMEX

Aug 2019

Oct 2012

Capital One

Jul 2024

Nov 2012

Chase

Aug 2037

Apr 2016

Wachovia

Dec 2032

Jul 2015

Sallie Mae

Apr 2039

Jan 2017

Your Choices

Present Course

or

ADE^® Course

$5,409

Monthly Payments

$5,509

6 / 2048

From Now Until

1 / 2017

$502,772

Pay Interest of

$136,127

11.0%

Interest Rate

4.7%

$113.66 per Day

Daily Cost
of Interest

Starts Dropping Immediately

None

Interest Savings

$366,646

?

Potential Wealth

$6,121,019

39 years and 2 months

Out of Debt in

7 years and 9 months

ADE^® can save you $3,942 per month, which is significantly more than the Monthly ADE^® Program cost.

Conversely, every month you delay in starting the ADE^® Program is costing you $3,410.

That's $113.66 Per DAY for Interest Fees ......... or $19.67 Per WORK HOUR!!

Financial Freedom is a Matter of Choice!

John and Joyce Dent, Which Choice Will Secure Your Financial Future?