Study shows that 98% of people pay their bills like this: Money goes into a bank account than bills are paid from that account. Work > Bank > Bills. Once the bills are paid they do not have any liquid cash or money leftover causing a paycheck to paycheck mentality. But one little trick can change your financial future forever! If you ever study the wealthy you know that the use of leverage and keep their money liquid is the way to build wealth. So, how does the common person create leverage? It's really simple and the answer is a Line of Credit. The better the credit, the higher the line of credit. You may ask what does a line of credit do. Well instead of the old banking way. The line of credit becomes your new checking account. Work > Bank > Line of Credit > Bills. So now every time you get paid your bills are paid from your line of credit (credit card, PLOC, or HELOC) and ALL the money in your checking account is paid back to your line of credit as known as paycheck parking. What does that do? It makes your money liquid because with a line of credit once you make the payment you can use those funds again immediately, which is known as a revolving account.
To understand or implement this wealth build strategy into your arsenal you can learn more at www.demaryfunding.com