TIME VALUE OF MONEY

The “time value of money” simply means: what a sum of money which is due in the future is worth today. A good illustration of this point is to compare the value of a dollar which is paid today versus the value of a dollar which is due to be paid ten years from now. We know, almost instinctively, that we would rather have the dollar in our pocket today than the promise of a dollar ten years from now. The dollar in your pocket today is certainly worth much more. It can be used to buy a house, pay off debt or send your children to college. A dollar in hand today is always worth more than a dollar promised at some future time.

How does this relate to your structured settlement or lottery prize? When purchasing future payments, we will apply the time value of money, determine the value of your future payments in today’s dollars and then put that cash in your pocket, where it is more valuable to you! Freedom Financial Solutions has access to the best rates in the industry, which means we can offer MORE MONEY for your future payments.