Using the Amortization Table to Understand Your Finances

If you don’t learn to keep a percentage of what you make, then you will never catch up and life will always be where we are running just to keep up. The amortization table, if studied, demonstrates how to eliminate interest, when it is possible, and will help to build wealth for many individuals. If small business owners could eliminate half of the interest they pay out of their business, they would have a great leg up on their competition. This is but one principle of sound business practice that can help your business. Pick up a copy of an amortization table and study it, comparing interest rates and how to escalate paying off business debt. This one system instrument, if understood, can pole vault your business to another level ahead of time and at the same time cement your personal financial plan, presenting you with more opportunity for success.

-Stephen L. Capper, A-1 Awards