What Happens When You Apply the IBC

Dear brother Ray,

At this end of year, I want to wish you a very Merry Christmas and the Lord's continuous blessings in 2010.

I also so want to give you an update on the results of your efforts to educate me financially. You will recall that it took you 12 years (1994-2006) of persistence and prayers to make me understand and apply the IBC. I am very happy to report that in the 3 years since I understood and and started applying the concept, your efforts have yielded big dividends:

We have paid off the house, owe no credit card debt, and currently owe a manageable amount in an equity line of credit. Our plan is to finish paying off the equity line in the next 10 months and then start paying back the money we owe to our personal banks. If my calculations are correct, in 5 years we would have bought out the house simply by capturing the interest payments that used to go the mortgage company! Thank you and Nelson Nash for the IBC.

Merry Christmas and Happy New Year 2010.

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Jeremiah (Last Name Deleted for Privacy)
Director & Professor