YOUR BANK WON'T SHOW YOU THIS
Your APR Is a Marketing Lie.
Find out what your debt is REALLY costing you. Three numbers. Thirty seconds. The truth.
How to Calculate Your Effective Interest Rate
1
Annual Interest
Your Balance × Your Interest Rate = how much interest you pay per year. Not per month. Per YEAR.
$25,000 × 6.5% = $1,625/yr
2
Monthly Interest
Divide that annual number by 12. This is how much of your monthly payment goes straight to the bank. Not to your balance. To them.
$1,625 ÷ 12 = $135/mo
3
Your REAL Rate
Divide your monthly interest by your minimum payment. This is your effective interest rate — the percentage of every dollar that goes to the bank, not your debt.
$135 ÷ $483 = 28%
Not 6.5%. TWENTY-EIGHT PERCENT. That's what your car loan actually costs.
Now imagine that number across your mortgage, credit cards, and student loans. Every single month.
Effective Interest Rate Calculator
Enter any debt — mortgage, car loan, credit card, student loan. See the truth.
You're paying about $135 every month in interest on this debt alone.
That means roughly 28% of every payment is going straight to the bank, not your balance.
*Effective Interest Rate = (Balance × APR ÷ 12) ÷ Minimum Payment. This shows the percentage of each payment absorbed by interest rather than reducing your principal. Your bank reports APR. This calculator shows what you're actually paying.
On Your Call We Will Cover:
- How ordinary families are becoming debt-free 10–15 years ahead of schedule.
- The strategy that lets your money work in two places at once — paying down debt while growing wealth.
- How to build a tax-free wealth engine using dollars you're already spending.
- The one asset you can pass to your kids that creditors, courts, and the IRS can't touch.
100+ YEAR STRATEGY
Trusted by wealthy families for generations.
TAX-FREE GROWTH
Your gains are never taxed.
ZERO MARKET RISK
Built-in downside protection.
FAMILY PROTECTION
Built in from day one — no extra cost.
FINANCIAL STRATEGIST
Todd Schuchart
I help families eliminate their debt years faster while building tax-free wealth — using money they're already spending. No high-pressure sales. No gimmicks. Just real math, applied to your real situation.
📍 Greer, South Carolina
🏛️ Licensed Financial Professional
When Could You Be Debt-Free?
Take 60 seconds to answer a few questions. We'll prepare your personalized numbers before our call.
Free 15-minute strategy session. No obligation.
© 2026 Todd Schuchart NPN #19891776 | Insurance Services | Greer SC 29650
Results vary based on individual debt profile and commitment to the strategy.
This is not financial, tax, or legal advice. Results vary based on individual financial situations. The strategy discussed involves financial products that will be fully explained during your personal consultation. By submitting your information, you agree to be contacted regarding your Debt-Free Wealth plan.