Success Story of the Week – Bryan Racca
I had always considered myself very disciplined in how I managed my money. I bought a home a few years ago, and I also had a car loan and a personal loan, which I was comfortable making timely payments to. Plus I lived within my means.
I was very fortunate to be in a position where I was able to afford things to support my lifestyle. I was so excited that I was able to afford a home here in Hawaii at such a young age. So much so, that the amount of interest I was paying on any of my loans did not even concern me.
I first heard about 101 Financial through my brother, Gerren Racca, who is my 101 Instructor. Because I really did not see a need to change my financial situation, I was very skeptical to sign up for the program initially.
After about 6 months of contemplation, I told Gerren to sign me up, as I was ready to join the team and see what all the fuss was about.
This happened in February 2014 – and that is when my life changed. About three months into the system, I paid off my personal loan of $3K and car loan of $6K, something that would have taken me 3 years to do.
I was impressed!
The next debt I was ready to tackle was my mortgage. When I reviewed my mortgage statements, I noticed that my principal had been reduced by barely $5K over the past 3 years, yet I had made over $43K in payments. That opened up my eyes. In hindsight, I guess you could say I was comfortable giving my money away instead of keeping it in my pocket.
Within a year of being on 101 Financial, I reduced my mortgage by $30K and saved over $40K in interest! What took me one year with 101 Financial would have taken me 6 years and cost me thousands of dollars in interest had I kept banking the conventional way.
A total of $39K in debt plus my tuition was eliminated in one year without drastically changing my life style. I just changed the way I banked. I am now projected to pay off my home in 6 years instead of the traditional 30 years. That is some exciting stuff right there!
The education and knowledge I have acquired from 101 Financial has not only benefited me financially, it has broadened my perspective and opened up my mind to all kinds of possibilities, and goals I once thought were unattainable.
The foundation has been set, my ambitions to achieve bigger and better things have been fueled, and I am ready to take action on the many opportunities ahead of me.
Because 101 Financial has been such a blessing to me, it inspired me to join the crusade and become a 101 Instructor so I can provide the gift of 101 to others. In hopes of transforming their lives, so they too can experience financial peace of mind.
Helping people is a powerful gift and I just want to give a special thanks to my brother, Gerren, and sister in law, Kelli Racca for introducing me to 101. And of course, Alan Akina for providing me with this remarkable opportunity to share this amazing gift and be a blessing with others!
– Bryan Racca