| ♦ REFRESH to rotate MAAMAW'S CLICKY NOTES thru this space..... Timely Tips, Best of the Boards & More ♦ |
| PROTECT YOURSELF FROM SCAMS! Research all business opportunities thoroughly, and never blow off other people's bad experiences. Ask around (and listen!). The Scams101 Message Board is a good place to start. What's that? You've found a Biz Op and you're wondering if it's endorsed by FIB?... Not unless it's listed in MaaMaw's Magnificent Toolbox. |
| |
FIB - Scams 101
Re: $199 versus $3500.
Posted By: Jim G In Response To: Re: $199 versus $3500. (calvin)
Date: Thursday, January 17, 2008, at 8:41 a.m.(pst)
Amen, Calvin.
It seems the folks who peddle this stuff prefer to ignore those of us who have
done it...without software or special loans. (Why take out a loan to pay off a
loan?) In fact, the only piece of paper one needs to help them pay off early is their own amortization table. One comes to everyone who takes out a standard mortgage. Anyone who failed to get one from thier bank or mortgage company need only call or write said bank of mortgage company to get one mailed to them.
Then - one can plainly see the interest being saved as one makes extra principle payments each month. Of course, it gets more and more pricey as
the principle due grows ... but it's not gonna make it any easier if you take out a loan with compound interest to pay off a simple interest loan.It's all common sense, really. But it seems the really slick sales types can
convince folks not to be common:-)>> Sue makes very little sense actually. I'm sure she makes plenty of
>> cents selling this overhyped software. But the $3500 price tag gets you
>> very little. You see, while it really isn't even that complicated a system
>> at all, the key thing that people need to realize is that YOU DON'T WANT
>> TO REPLICATE THIS SYSTEM. It can easily be beat, for free. Not $3500, not
>> $199, but nothing. Ok, not nothing, but no money. You need about 5 minutes
>> per month, the same five minutes per month you need to use their software
>> in fact.>> You see, there is no real measurable benefit to their system versus
>> prepaying on your own. Just prepaying on your own, month by month, gets
>> you 99.5% of the benefit of what they do, and if you couple this with a
>> good interest bearing checking account versus teh 0% accounts they always
>> compare to, you will actually beat their system. No effort required. They
>> tell you that you can't do it. Why are they so bent on selling you short?
>> Why do they beat you down to get your money when they could just tell you
>> the truth. There's no magic. No complexity. The more you prepay your
>> mortgage (or any loan for that matter), the faster you pay it down and the
>> more interest you save.>> To see progress towards your mortgage, simply download a free excel
>> plug in, there are many out there, for amortization tables. it's quite
>> simple to do on your own in excel, but even those afraid can just use the
>> plugins.>> the "Sue"s of the world will come back and scream that it's
>> all in the TIMING of the payments. Sure, an extra payment made today
>> versus 10 years from now has a profound difference, but 12 $500 payments
>> over the next year have little difference to 1 $6000 payment today,
>> especially considering the interest cost of borrowing that $6000 even with
>> their precious interest cancellation technique.>> the hard proof is in the math, and I will gladly compare this for
>> anyone who wants their scenario done. The $3500 price tag KILLS any
>> benefit you could get except for absolute extreme circumstances (think
>> million dollar homes and 6 figure incomes).>> the soft proof lies in this simple truth, no agent has ever provided a
>> month by month comparison of their technique versus prepaying. If the
>> software worked so well, why wouldn't they be beating down the opponents
>> doors with tons of DETAILED examples. They just say "ours is
>> faster" without ever proving it. NOT ONCE! Opponents prove they can
>> beat it time and time again, because, honestly, it's just not that hard to
>> do. They NEVER provide real examples, just statistics. If the conclusions
>> they draw from theor statistics are so valid, why can't they provide ONE
>> example of their system working better. Not just "see, they paid it
>> off faster than if they did nothing", but actual, "these are the
>> money transactions" to allow someone else to show them that it could
>> have been done far faster (usually, $5,000-$10000 more interest saved than
>> the MMA approach, mostly due to the $3500 price tag).
| |
FIB - Scams 101 is maintained by Lesley Fountain with WebBBS 5.12.
| PLEASE READ THIS LEGAL NOTICE CAREFULLY BEFORE YOU FILE A LAWSUIT OR EVEN WASTE TIME THINKING ABOUT IT. It has been done before, but never successfully. In fact, the last dodobird who tried it ended up being ordered to pay more than $77,000 in attorney fees ($65,000+ to my attorneys and $12,000+ to my co-defendant's legal advisor).
If your attorney is worth his salt, he's going to tell you that the expense of filing a lawsuit you can't win is a whole lot worse than any "damages" resulting from messages posted on this insignificant little chunk of cyberspace. NEWS FLASH: I didn't just climb down off that ol' turnip truck yesterday. I'm well aware that expressing a negative opinion, relating one's personal experience, and restating provable facts are all legal in this country and do not constitute libel, slander, or defamation -- so you don't want to play games with me, and you sure don't want to start something you aren't prepared to finish. I don't take threats lightly, and I don't accept bribes (or did you call it a "mutually-beneficial arrangement"?). I'll turn you in faster than you can yell, "ARREST ME, I'M SCUM!!" Do yourself a favor and turn your legal team loose in greener pastures. Although we may, from time to time, monitor or review discussions, postings and the like on the Friends In Business (Scams 101) Message Board, we are under no obligation to do so. We are not responsible or liable for any claim arising from the content of any such discussions or postings or for any error, defamation, libel, slander, omission, falsehood, obscenity, pornography, profanity, danger, or inaccuracy contained in any information contained within such locations on the Site. You are prohibited from posting or transmitting any unlawful, threatening, libelous, defamatory, obscene, scandalous, inflammatory, pornographic, or profane materials or any material that could constitute or encourage conduct that would be considered a criminal offense, give rise to civil liability, or otherwise violate any law. You are likewise prohibited from posting any false claims against any company or individual. We will fully cooperate with any law enforcement authorities or court order requesting or directing us to disclose the identity of anyone posting any such information or materials. By posting messages and/or content on the Friends In Business (Scams 101) Message Board, you give permission for Lesley Fountain/Friends In Business/Shoestring Success Publications to display, distribute and use the posting and content for publication, advertising, promotion, excerption or example. You grant Lesley Fountain/Friends In Business/Shoestring Success Publications complete, perpetual, but non-exclusive rights to use, archive, reproduce, adapt, modify, distribute, sub-license, repurpose, rework, compile, or offer for sale or resale the messages, postings or content appearing on this site in whole or in part, throughout the world and universe, on a royalty-free basis without remuneration. If you cannot accept or agree with the terms of service for this website and discussion board, you are advised not to post on this board. In closing, I would like to remind you once again that it is still legal, in this great country of ours, to express a PERSONAL OPINION, as long as it is presented as opinion and not as fact. And finally, all you scammers out there will do well to remember that TRUTH IS AN ABSOLUTE DEFENSE against charges of libel, defamation, and slander... so if you're operating just a hop, skip, and jump ahead of the law, you might want to think twice before doing anything stupid... (AND SHAME ON YOU!!). |