Ted Baumann is a prolific business player who is relentless in his mission to re-educate society on financial matters. He posts serial articles on his blog on a wide array of topics such as stock, revenue creation, debt elimination and world events. One of his posts enlightens on how individuals miss out on amassing more wealth by piling up debts.
Ted began by stating people are not overly concerned with debt as they are with taxes. He explained that the real reason taxes are a concern for the average American is the distinguishable difference they make on the net salary. He however explained that taxes are not the real drain ones salary. According to the seasoned financial expert, debt is the culprit when it comes to missing out on gains.
Ted Baumann has a contrasting view of America’s economy. While the United States remain a top provider of high-quality living, the lifestyle comes at a high cost. Ted believes that a credit-based market is more expensive to the average citizen, in comparison to paying for items on cash. In the long run, the entire amount disbursed to acquire a liability such as a house digs a hole into the overall pocket of the individual. This payment plan is even more severe since it is as open for other purchases such as education and vehicles.
Ted Baumann outlined mortgages and student loans as the biggest drains on society. He revealed that the depth of excessive debts have plunged since 2008. He explained that borrowing leads to more lending and the cycle repeats itself. His observation estimates that buying things on credit is a ticking time bomb which will eventually strain incomes. Ted Baumann’s recommendation to getting out of the rat race is to end the vicious need to borrows money. Additionally, the United States can adjust the interest rates to ease the repayment burden for Americans.
Ted Baumann does more than talk about ways of getting to the fast lane. He is the founder of Alpha Stock Alert – a stock investment company that has proven to have a powerful index. In the last ten years, Alpha Stock Alert has beat S&P 500 Index with vigorous trading strategies. He writes on his blog, the Baumann Letter, with the aim of helping subscribers gain an out of the box mind in investing. He values the privacy of all his clients and works to retain their trust in all financial transactions.