Working hard does not always make it easy to understand where your money goes. Bill Westrom joins CJ Moneyway to discuss the relationship between income, debt payments, borrowing costs and cash-flow timing.

Bill introduces the approach he calls Credit Line Banking: directing income toward an outstanding credit-line balance and redrawing funds to meet expenses. He walks through a simplified example and explains why he wants consumers to look beyond the monthly payment.

They also discuss the need for financial education, differences between households and the ongoing support. Bill describes providing to clients. The conversation raises important questions about surplus income, loan terms, interest, fees and whether a particular approach fits a person’s circumstances.

Listen as a discussion of a guest’s financial approach - not a promise of a particular payoff timeline or arecommendation to move debt into a new credit product.

The CJ Moneyway Show - Transformational Conversations. Built For Purpose.

Bill Westrom describes his work as financial education and ongoing client support, associated in this transcript with Truth in Equity and Credit Line Banking. He says he does not sell loans or work as a mortgage broker.

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Bill Westrom, CJ Moneyway Show, Credit Line Banking, debt repayment discussion, cash flow timing, credit line, financial education, borrowing costs, interest rates, monthly payments, household cash flow, debt strategy questions, consumer finance, financial literacy

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