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FIB - Scams 101
Re: $3500 for software to pay extra on your mortgage?
Posted By: Sandi Bowman In Response To: Re: $3500 for software to pay extra on your mortgage? (Sue Copening)
Date: Thursday, September 20, 2007, at 9:55 a.m.(pst)
In Response To: Re: $3500 for software to pay extra on your mortgage? (Sue Copening)
There are none so blind as those who will not see.
>> I did not even bother to read your resonse all the way through as I
>> saw right away you have missed some basic elements of how this works. You
>> are like every other person that I have encountered that thinks this is a
>> scam... you saw one presentation, missunderstood it, did not gather all
>> the facts and made a snap judgement. You also seemed to have added some
>> hostility in the mix which confuses me.
>> We just had an announcement that several NATIONALLY RECOGNIZED names
>> in the finance world are going to be publicly endorsing this program and
>> announcements will be made in next couple of weeks as to who they are. We
>> have had TWO major banks try to BUY our company and/or privately license
>> the software for their own use.
>> However... I am sure that YOU are much smarter than these folks that
>> offered millions of dollars for this, right?
>> I was initially skeptical, like yourself. Unlike you though, I
>> actually did the math... about 6 ways from Sunday... and EVERY time I did
>> that I discovered that this program beats any other way you could try to
>> do this. It also beat savings accounts and most other investment
>> strategies too... many of which carry more risk and fees than the safe
>> strategy of saving interest and paying off debt.
>> You have missed a couple of VERY BASIC things about this program... I
>> suggest you do some more research before you damage your credibility even
>> Just a few of the things you missed/misunderstood... that most of the
>> savings IS in your own discretionary income (of course!), you do not
>> understand the concept of EFFECTIVE interest on the heloc (and how the
>> interest cancellation effect handles that), so you have not recognized the
>> interest differential you get with each transfer from HELOC to primary and
>> you have not run the numbers on ADVANCE payment of the principle of the
>> mortgage up against the cost on the heloc. I am sure you missed some other
>> things (like tax implications) but I quit reading half way through.
>> Most folks have to look at this 2 or 3 times before it clicks in
>> completely... even a retired math professor I have as an agent looked at
>> it 3 times before he grasped it. The edge edge the math gets you is
>> created by some very small margins. If it was EASY to do this math... you
>> would not need the software.
>> But... bottom line... the extra edge in the precise math that the
>> software gets you only has to be enough of an edge to pay for the program
>> to make this an excellent deal... then you have a FREE TOOL that becomes
>> your own PERSONAL TRAINER... your personal FINANCIAL trainer that is.
>> You may think you are smart enough to do this on your own... GREAT FOR
>> YOU! Are you doing it already? YES? Even better. NO? Why not?
>> I have never found anyone so far who says... I can do this myself...
>> that actually IS doing it themselves. Not one in 6 months of marketing
>> this. I even offered a PRIZE on another blog for anyone that could prove
>> our math wrong or show me that they WERE doing it themselves. I did not
>> have even one response to that.
>> The thing is... our market is not math geeks who think devoting their
>> weekends to playing with spreadsheets is a fantastic form of entertainment
>> (though some of them are our customers also). Our market is the Average
>> Joe American family and business person who considers their time valuable
>> and best spent elsewhere.
>> There are lots of things you can do yourself... do you wash your
>> clothes in a bathtub or a washing machine? Does the washing machine pay
>> for itself or did it cost you money to buy it? Why did you buy it? Just to
>> save time, right? How about your power lawn mower... you know you could
>> use one of the whirly blade things or a scythe, don't you?
>> You are being UNKIND and UNFAIR to call this a scam. This is simply a
>> product, like any other. Some folks will see the value and buy it...
>> others will continue doing things the same way they have always done them.
>> Do you call the MAYTAG company a scam because you could wash your clothes
>> in the bathtub instead?
>> You think you are as smart, or smarter, than a software program. Good
>> for you. However that does not make this a scam. It simply makes it
>> something you choose not to buy.
>> United First Financial has sold more than 12,000 of these Money Merge
>> Account software programs so far... they have ZERO complaints in the
>> Better Business Bureau and our sales increased 65% last month alone! In
>> the past six months we grew over 30% each month in sales... and last month
>> we doubled that. The agents in our company include CPA's, Attorneys, Math
>> Teachers, Mortgage Brokers, Financial Planners and regular folks who
>> simply see the value in taking a different approach to get out from under
>> their mortgage and debts.
>> You keep on doing what you are doing, and best wishes to you. ME? I am
>> paying off my mortgage in 6 years. It was supposed to be 7.4, but like
>> most folks, I am getting a better result than my initial Analysis showed,
>> now that I am using it. Could I have done the math myself and done this?
>> Maybe I could have... but I doubt it... and I have better things to do
>> with my time. This only takes me about 15 minutes a month and I have
>> enough discipline to stick to that.
>> I am going out to the pool now. Ciao for now!
>> Sue :)
>> PS: You have not even done enough research to know that most banks
>> offer HELOCS at no charge or set up cost. Come on, Dude... are you Chicken
>> Little? Do not be running around telling folks the sky is falling... look
>> up! Or, in this case... look it up. Do some research and gain some
>> knowledge before you form an opinion... it makes you look better. You even
>> say... "I did not get far enough into the pitch..." REALLY?
>> Then... shouldn't you be embarrassed to be opening your mouth at all? My
>> Dad, genius IQ, Aerospace engineer, used to say that the reason that
>> people who are prejudiced are stupid people... is because an intelligent
>> person does not PRE-judge. They gather all the facts BEFORE they form an
>> opinion. They look at all the angles... not just the first angle they see.
Messages In This Thread
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