Watch the “largest wealth change in History” happen right before your eyes. Get into passivepay income and Silver People fair warning here
Written by Jim Pearce
A few days ago, a co-worker dropped a letter on my desk he received from the financial services division of luxury automobile manufacturer. Since he owns one of their higher priced models, they figured he might be willing to allow them to use his cash to lend to new car buyers. They’re willing to pay him 1.7% on his money. That is much higher than what he can get on his savings account at the bank.
Interest rates are on the rise. Companies that need a lot of cash to lend to customers buying on credit are starting to feel the pinch. Their profit margins are largely a function of the cost of capital versus the price at which they can lend it out to new car buyers. That means every fraction of a percentage point is worth a lot of money to them.
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