YOUR PERSONALIZED WORTH ACCOUNT SAVINGS ANALYSIS - PAGE 1

Analysis prepared for:

Shane Sorensen - sorensenshane@gmail.com

Analysis prepared by:

Don Jorgensen - don@worthunlimited.com - (435) 640-2444

Summary of Debts
Name
Mortgage Debt (0)
Loans (4)
Credit Cards (2)
Total

Discretionary Income Analysis

Balance
$0.00
$42,235.37
$3,133.37
$45,368.74

Rate
0.00 %
5.03 %
0.00 %

Payment
$0.00
$506.83
$50.00
$556.83

Description
Base Monthly Income
Monthly Debt Payments
Other Monthly Expenses
Monthly Discretionary Income

Amount
$5,300.00
$556.83
$4,643.17
$100.00

% of Income
100.0 %
10.5 %
87.6 %
1.9 %

Debt Analysis
This month you will pay $177.20 in just interest . That's 31.82
% of your payments gone to interest alone.

You'll spend $1.47 for every $1 you pay down in principal on

your debt this month.

On average over the next 7.7 years (92 payments) your bank's
plan will cost you $123.48 per month in interest .

It will be November 2019 (5.1 years from now) before you

have paid off half of your debt and you will still owe $20,761.63.

WHAT THE WORTH ACCOUNT CAN DO FOR YOU

Your Bank's Plan
Total Debt Payments:

Interest:

Remaining Term:

Wealth
Accumulation:

Our Plan

You Save

$56,728.65

$48,954.09

$7,774.56

That's 25 % more than your current

outstanding balance of $45,368.74!

This includes all debts listed in the

summary above as well as interest.

That's a pretty big tip you'll be giving to

the bank! You could break it up into
49 monthly payments of $158.66.

$11,359.91

$3,585.35

$7,774.56

You'll pay 0.2 years (2 months) worth of

your entire monthly income of
$5,300.00 just to cover the interest!

This is the same amount of interest you

would pay on a new 30-year loan with an
interest rate of 0.51 %!

Save 68 % on your interest alone!

7.7 years

4.1 years

3.6 years

With 92 payments to go you'll still be

making payments in the year 2022!

You'll be debt-free by November 2018

after only 49 payments.

What could you do with 43 months

with NO monthly debt payments?

$0.00

$38,954.56

$38,954.56

You'll be making debt payments for the

next 8 years instead of building wealth.

Rather than paying those 43 extra debt

payments to the bank, you could use
that money to now build wealth!

This is your projected savings with just a

1 % annual return on your investment.
Imagine your savings at higher rates!

Why Wait?
By getting started today you can save $7,774.56 in interest
payments over the next 4.1 years.

By saving 3.6 years of debt payments you could build

$38,954.56 in wealth over that same time period!

Waiting will cost you $158.66 on average per month over the next 4.1 years! Don't wait! Start now!

Projected Payoff

Payoff Date

Years Saved

Projected Savings

Savings/Mo (Avg.)

Comparative Interest Rate

4.1 years

Nov-2018

3.6

$7,774.56

$158.66

0.51 %

YOUR PERSONALIZED WORTH ACCOUNT SAVINGS ANALYSIS - PAGE 2

Amortization and Wealth Accumulation Schedule

List of Debts

Year

Name
MBA
Student Loan 1
Vehicle
Student Loan 2
Credit Card 1
Credit Card 2
Total

Balance as scheduled Balance with program

today

($44,989.11)

($37,689.11)

($40,339.68)

($30,267.19)

($35,511.23)

($19,084.36)

($30,495.54)

($9,093.68)

($25,978.82)

$0.00

($20,761.63)

$10,731.06

($19,410.47)

$21,569.91

($17,996.14)

$32,517.66

7.7

($17,243.44)

$38,954.56

Balance
$24,579.77
$7,653.76
$7,477.22
$2,524.62
$2,197.00
$936.37
$45,368.74

Rate
5.85 %
3.75 %
3.75 %
4.80 %
0.00 %
0.00 %

Payment
$183.21
$97.04
$162.22
$64.36
$25.00
$25.00
$556.83

"Those who don't understand interest

are doomed to pay it...
...Those who do are destined to earn it."
- Author Unknown

Bank's Plan: Projected Balance

Our Plan: Projected Balance
Potential Savings

$50,000
$37,500
$25,000
$12,500
$0
today

7.7

Projected Payoff

Payoff Date

Years Saved

Projected Savings

Savings/Mo (Avg.)

Comparative Interest Rate

4.1 years

Nov-2018

3.6

$7,774.56

$158.66

0.51 %