The gap between Wall Street and Main Street is getting bigger.
And it wasn’t long ago during the Covid-19 Pandemic that we reached all-time high household savings.
But just three short years later, households are upside down in debt.
United States cardholders are $1 TRILLION DOLLARS in credit card debt today!
As many of you know I come from the main street retail business sector.
We’ve seen an influx of credit card usage.
In fact, they’re paying the 3.99% service fee – because they just don’t have the cash reserves anymore to bring the green or write the check.
Even though my business is in a rather affluent area, most of my customers’ lifestyles outpace their income.
The customer’s worse off are the ones driving what I call designer vehicles . . .
Range Rovers, Mercedes, BMW’s, Audi’s, Jaguar’s . . . Between the payment and upkeep – it’s a hefty amount of money to roll like a baller.
Because I’m in the business, most people ask me what I drive, thinking it’s exotic.
And nope, it’s a 5 year old Toyota Tacoma. My wife, a 3 year old Toyota RAV4.
They’re paid for in full and are extremely affordable to maintain.
Sexy? Nope! Functional? Yep!
At this point in my life, it’s a function – NOT fancy.
I could give a hoot what my neighbor thinks about me when they pass by in their designer vehicle.
I’m a big believer in having tax beneficial debt and having ZERO non-tax beneficial debt.
Examples of tax beneficial debts: income-producing investment properties that allow for appreciation, depreciation and tax-deductible expenses. THAT’S IT!
But beyond that, you must own your shit . . . ALL OF IT.
Some would disagree, that’s fine.
You do you and I’ll do me.
Although I can assure you that you’ll sleep better at night without having debt that isn’t returning you some type of substantial benefit.
I can’t allocate your expenses and assets for you, but if you need help producing some extra income – that I’m here to assist you with. CLICK HERE to learn more
Author: Anthony Speciale
Anthony Speciale Jr. Born and raised into a blue collar family in the suburbs of Northern New Jersey, I have in recent years put down the wrenches I’ve been turning for the better part of my entire life and have become a professional energy trader. My mother was a nurse practitioner and my father was an auto mechanic. I had literally watched both of my parents work endless hours with their hands throughout their entire lives and after loosing my mother at a young age to cancer, I had decided I wanted a different future than the path I was currently on. At a young age I was a struggling student who didn’t excel very well academically and college wasn’t really in the cards for me, but I was always a disciplined worker. When I had put my mind to something, there was nothing that was going to stop me from reaching and exceeding my goals I had set for myself. So, as life had evolved, so did my desire for freedom. It was never much about the money for me, but it was about the success and the freedom that accompanied that success. Over a decade ago, I decided to specialize in just one sector of the market. I knew that I only needed to be proficient at just one area of the market to achieve the goal I had set forth. Trade passively while producing massively. Well, that’s exactly what I did. After several years of failed attempts, endless education, trial and error - I had finally yielded myself the success and freedom I was desiring. After making myself over $1,000,000.00 trading this very method, it was time to share my success with those who also desire the freedom I did. After a lot of work, time, effort and sacrifice - Big Energy Profits went from merely a concept into a very real reality.