Financial Plan Pays Car Note So You Don’t Have To…
When we envisioned the idea behind Instant Payment Freedom™, we wanted to educate people who financed their vehicles on the power of using an Automatic Budgeting System (ABS) to service their auto loan debt, immediately freeing themselves the financial burden of spending money on monthly auto loan payments!
As you bank at your bank, the Federal Reserve Bank uses Fractional Reserve Banking to allow your bank to “over account” money as each depositor gets paid, bank, and handle their expenses using electronic bill pay. The technical term for this money is “Bank Float”.
The advisors at DriveFree™ adopted the Automatic Budgeting System for its car buyers because an ABS allows you to financially benefit from over accounted money. The ABS allows any checking account to collect all the float money that is made available to you by fractional reserve banking. This money is then used to service your monthly auto loan debt, so you can stop spending your income on car payments. This is the same banking model that PayZero Financial Bank is bringing to market as Debt-Free Banking in 2022.
Here, you are going to learn how to set up your own ABS at your bank, and use it to service your auto loan debt. Then, you will be able to keep the money you previously sent to your lender for investing or whatever you like. The higher the total number of individual expenses you pay using electronic bill-pay, the more float money the ABS scrapes and sets aside for you. Every working household with a w-2, a checking account, and handles their expenses using electronic bill pay will have access to float money. Ninety-nine percent of the working class is not aware of float money, or how to access it. (see explanation)