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FIB - Scams 101
Re: Miligroup
Posted By: Virginia R. Sanders In Response To: Re: Miligroup (Bill Carton - The Roadie)
Date: Tuesday, March 20, 2007, at 10:12 a.m.(pst)
The Miligroup is real. I have my real estate license and attended their presentation, the fee to join at the time was only 75.00 and you received some indepth training leading to real estate, insurance license, loan officer certification.
I was in the group in Sacramento and they were a little disjointed at the time and did not have their training nailed down the way I (stupid) thought it should. The group in San Jose is where the real action is.
I joined them because I had recently been introduced to the Use your mortgage to create wealth concept from "The world leadership group" and the "Allfund Equity Groups" The World Leadership Group" did not have people in my area that I could go to for guidance. The Allfund group's top player in my area turned out to be a little shady. However, I was amazed at the concept and was looking
for a group that taught this to homeowners.The financial benefits of the Equity building strategy is real. I have not only used it your own equity mindset but refinanced several individuals in the Sacramento area who are sitting pretty as a result of the 1.25% ARM 5 year through WorldSavings. I only do WorldSavings because of obvious reasons.
The timing for a refinance in Sacramento was perfect. The property values were hitting an all time high a couple of years ago. Equity was increasing on new homes @ $10,000 per month, it seemed that the sky was the limit.... Well suddenly the bottom fell out.
Equity that was not "harvested" during that time was LOST gone poof! Equity was left sitting in a house rather than under the control of the owner was cash that was instantly lost. Some individuals in Sacramento have lost over $100,000 within a matter of months. However, if you turned that equity into cash while property values were at their peak, you have money sitting in an account that can help you get through this cycle of the market.
You have the money to invest in Foreclosures or tax lien properties, you can send your kids to college, In a couple of years, you can lease that brand new BMW, lease don't pay cash for a car...
Anyway, the MILI Group teaches homeowners how to use that equity for their
own benefit rather than leaving your money subject to the ups& downs of real estate market conditions.Books like "Missed Fortune" by Douglas Andrew & The New Rules of Money...explain this financial strategy. This strategy works if a person has
1)Self control
2)Stays the course _ No BMW's or Harley Motorcyles with the equity cash
3)The Money has to be placed in an "interest bearing account"
4)The equity loan has to be sufficient to pay off all credit cards, car payments, etc. while reducing mortgage payments to increase cash flow. The difference in cash flow from $2500 to $1200 $1300 or at least $900.00 goes into savings... or as close to that amount as possible has to be placed in an interest bearing savings account. Or a special Life Insurance fund...If a person can just hold the course for 5 years, Using the equity cash wisely, putting it into a special account that will earn 8-14%, (they teach this too) while reducing their monthly mortgage payments by 1/2 they have put themselves in a great financial position for the rest of their lives.
In fact, they created a chart that shows that if you continue this strategy for 15-20? years, when you are ready to retire, you can retire with a couple of million dollars.
Thumbs Up to the Mili Group, they are real,
Not NOT NOT like "Looking for an Apprentice to earn $20,000/per month" that is NOT NOT the Mili Group.
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