2. Health Care costs jumpingWith healthcare costs rising, at times 3x faster than wage growth, due in part to employers paying so much in health coverage that they can’t afford to raise wages, the burden on workers is such that they can’t afford other basic expenses.
3. Millennials struggling to buy homesWith homeownership at a 26-year low, millennials cannot find affordable housing and are often forced to sacrifice, borrow, or take on a second job to cover living expenses.
Each of these trends relate to the availability of cash flow on a monthly basis – and that’s what Tardus teaches you how to generate. Not only can we help baby boomers pay off their homes and move into smaller ones, but the Income Snowball can help millennials afford to buy homes by creating more monthly income to pay other bills. As many Americans’ healthcare costs are rising, the Income Snowball can help you generate more monthly income so you don’t have to settle for low tier plans or skip important office visits and tests.
For Baby Boomers, many of you want to pay off the mortgage on the old homestead, which can also provide valuable equity; for those of you over 65 years of age, it could well be your largest asset. For you, now may well be the time to simplify, whether that means moving to a one-story home, living closer to your kids and grandkids, or simply downsizing to something easier to maintain. The equity in your current house could be the key to an easier lifestyle. The world for Baby Boomers is unlike any world experienced by previous generations, as Governing Magazine aptly describes. But paying off that mortgage maximizes your potential for improving your life, and that’s where the Income Snowball can expand your dreams for the future. Most people would pay off their mortgage early if they could, but making extra payments isn’t an option for most.
Unexpected emergencies, structured retirement plan savings, and increases in the cost of living make it difficult to set aside extra money for early mortgage payoff. Fortunately, the Income Snowball helps people who want to pay off their mortgage do so in the fastest way possible, painlessly. With this system, you are effectively paying off your mortgage and increasing your monthly income simultaneously. The extra income generated by the Income Snowball is what helps to accelerate principal repayment faster and faster as time goes on.
Another huge issue for folks of all ages is the rising cost of health care. As the health insurance costs rise, incomes remain flat, and middle class families of all ages are being forced to forego once-important goals like saving for retirement or their children’s education expenses. According to a study conducted by AARP’s Public Policy Institute, more than one-fifth of middle-income people under age 65 experience a high burden from health care expenses. Others simply go without insurance or take out high-deductable policies, putting them at risk for serious financial despair if a family member encounters illness or injury. The need for additional cash for living expenses affects most members of the middle class. Most clients who use the Income Snowball strategy can replace their incomes in 3 – 5 years. In other words, Tardus clients have the additional cash needed to not only maintain their current standard of living, but to retire early, increase their standard of living in retirement and be mortgage-free at the same time.
For millennials today, whose members make up the largest living generation in the country, the dream of owning a home may seem more like a fantasy, as the average size of a new home in the U.S. continues to increase (along with its price) while the approval rating for new mortgages remains restrictively low. Then there’s the issue of income levels, which isn’t any easier for young adults than for most of America. While millennials now make up the largest portion of today’s work force, many of their jobs were arguably once held by older and much higher-salaried workers. And the expectation of annual cost-of-living increases enjoyed by previous generations of workers can now be considered another fond memory from days of yore.
For millennials looking to buy their first home, once again the Tardus system could be the fastest, easiest way to do it. There are several different methods Tardus clients use with the Income Snowball: (1) rapidly creating enough monthly passive income to cover the mortgage payments; (2) quickly building the liquid assets needed to put a down payment on a home; or (3) building assets to pay cash for a home.
Be sure to take advantage of all that the Tardus system has to offer you, including our NEW MEMBERSHIP PROGRAMS as of 2016.
Find out more online on our Membership Page or call our office at (808) 440-0688.