MirrorLogic for Wealth

[LoveIsTheAnswer]

Imagine if , instead of every time you open a letter to find a bill in it, you find a letter saying you are in credit.

The phone, electricity, water, rates & other utilities would have you schedule your bill payments automatically, right ? That would suit them fine.

Here is a typical application of MirrorLogic;

I started making monthly *transfers* (or direct deposits) to the billers concerned for double the last invoiced value.

Why do that ?
Well, the other two options (ie pay or not pay) had been tried ;-)

So I thought - what else could one DO ?
Pay them MORE than they ask for.

Now all I get is monthly advice telling me that my credit with the company is increasing \(^_^)/

Even from the standpoint of pure financial consideration, it does not *cost* anything to do this (!) - the money is not SPENT - only INVESTED.

It also acts as a "buffer" account should I wish to take an extended holiday.

Apart from that, I find that it is a rather pleasant change to receive GOOD news in the mail.

[BonzaiLove]

myeah, why investing your money in a company that makes money of your money while you could be the one making money of your money? :-)
Just to get positive news? Of course they'll send you positive news, man! :) Why don't you pay me a few bucks every day and I'll send you a positive and real funny mail every now and then :). I get your point but that's not something I would do for myself...

[LoveIsTheAnswer]

Let me see... a typical bill might be around $100. Let's say, instead of putting the extra hundred in, I put it in a bank (along with another few thousand because no bank will pay any interest for just $100...). That would net me a whole 6 or 7 cents per YEAR in interest! - WOW, dude! - you are right! - What an idiot I have been!

[BonzaiLove]

Let me see... a typical bill might be around $100. Let's say, instead of putting the extra hundred in, I put it in a bank (along with another few thousand because no bank will pay any interest for just $100...). That would net me a whole 6 or 7 cents per YEAR in interest! - WOW, dude! - you are right! - What an idiot I have been!

Didn't mean you're an idiot at all, man :) no need to feel attacked

[LoveIsTheAnswer]

Didn't mean you're an idiot at all, man :) no need to feel attacked
Not to worry - I do not feel attacked at all - rather *validated* - Till now I hadn't even realised how little it was costing me :D
Thank you for that :)

[BonzaiLove]

well, actually if you see it annually: 100dollars every month, that makes 1200dollars a year that dont bring up for yourself.

At a normal bank rate, let's say 4% (by the way, my bank pays interest on every amount that's on it, no matter if its 1 dollar or 10000.), that makes 1248, which is half a month free electricity.
In some funds you could get it at 10%, which makes 1320. That's more than one month of free electricity!

If you do it also for phone, water, rates, and other things as you say, make the count.

[LoveIsTheAnswer]

well, actually if you see it annually: 100dollars every month, that makes 1200dollars a year that dont bring up for yourself.

At a normal bank rate, let's say 4% (by the way, my bank pays interest on every amount that's on it, no matter if its 1 dollar or 10000.), that makes 1248, which is half a month free electricity.
In some funds you could get it at 10%, which makes 1320. That's more than one month of free electricity!

If you do it also for phone, water, rates, and other things as you say, make the count.

Maybe I didn't explain it properly.

What I am doing is using ONE lot of $100 (or whatever one month's bill is worth) the whole year - enough to raise my standing credit into the positive. So I am only doing without the $100 once....

...and the banks here won't give interest on $100....