Charging interest is how the banks make money. Lots of it. On the flip side, it is the way you lose money. But that can change. And this is the question to ask, "Is it better to try and keep the banks from getting as much interest from you as you can, or to use your situation to have the banks pay you interest?"

The first thing to understand is that banks do it both ways. They pay you interest for your money, and they charge you interest for theirs. The key is in whose favor do the scales balance.

For instance, if you borrow money against your house at 6% interest and then put into a brokerage account that pays you 8%, you are gaining. But if you are living on credit cards that charge you 9%, and you place your income into a savings account that bears 1%, you are loosing.

The banks are hoping you do the latter, and most people do-if they even save at all. At the same time, the banks also provide this opportunity to you. They provide the tools you need to do the very same things they are doing. They live on the principle that it takes money to make money, and they are borrowing it to use for this very purpose. You can do the same.

I believe the best option, however, is to leverage your borrowing potential and monthly extra cash against all your debts, including your mortgage, and get out of debt as fast as possible. Once you do that, which is possible in less than 10 years for most people, then you are in the position to invest without borrowing. And to invest without borrowing is certainly going to put the scales much more in your favor.

Do you want to learn the best way to escape paying interest? You can get my free ebook, How to Significantly Lower the Interest on All Your Loans, Including Your Mortgage, and That Without Refinancing.

To get the free ebook, click here: Lower Interest On All Loans.

Alfred Spengly currently works with a company that has been registered with the better business bureau since 2006 with zero complaints. It is a company that strives for its customer's satisfaction, helping individuals and families manage their own money by providing the tools they need to establish their own financial security.

Personally, Alfred has worked in the financial field for almost 15 years.