synnyster said:confuseu said:synnyster said:How does paying $3500 for software that just tells you when to pay make you more disciplined? How does it even make it easier if you can set up a monthly payment through your billpay to automatically do that? I don't get why confuseu is so adamant about this "tool" being so useful.

Simple. It's more than a "bill" pay. It's a bill pay (not automated), it's a register, it's a financial predictor/calculator...it's really quite useful.

What are you predicting and calculating? Mike already showed that he could put X more dollars into his mortgage payment each month and it will shorten his repayment period by a third and save more money in interest on top of not having to pay $3500. Isn't the whole point of the software to save you money and shorten your payment period? I don't get where all this predictor/calculator stuff is needed. What happened to your discipline reason? How does this software teach you discipline? If someone telling you you need to pay more to shorten your mortgage and you don't listen to them, how does a $3500 piece of software do any better?

Not even worth responding to.

confuseu said:synnyster said:How does paying $3500 for software that just tells you when to pay make you more disciplined? How does it even make it easier if you can set up a monthly payment through your billpay to automatically do that? I don't get why confuseu is so adamant about this "tool" being so useful.

Simple. It's more than a "bill" pay. It's a bill pay (not automated), it's a register, it's a financial predictor/calculator...it's really quite useful.
Hmmm, wonder if you market the product as such.

ellory said:Interesting market pitch: We do less than Quicken - but with discipline! (Just trust us)
You forgot "for only $3450 more!"

EricGo07 said:Ellory PM'd me that he is satisfied with his thread summary, so I am going to ask the mods to lock this thread so that the shills do not have the last posts. Whomever feels the same, please PM the mods.

I knew it all along, you are afraid. You have proved nothing with your calculations and scenarios and you rush to lock the thread when you all agree in your bias non comparing collusion and you say HURRY quick! LOCK IT! now that we look like we won!

Go ahead lock it so what, who cares there is enough information in this thread to prove you all wrong and it is clear to see how you have dodge what the program is doing, I have brought it up more than once and every time it as been dodged.

Besides as I gone over this thread I see it is a real joke, it has no real objective evaluation in it at all except for what I have posted.

Bye.

E101 said: who cares there is enough information in this thread to prove you all wrong and it is clear to see how you have dodge what the program is doing, I have brought it up more than once and every time it as been dodged.

Besides as I gone over this thread I see it is a real joke, it has no real objective evaluation in it at all except for what I have posted.

Bye.
no real objective evaluation?
mikef07 used numbers provided by a UFF rep for results from the MMA software, and would lose 10k versus doing it himself. Once again, he loses 10k by using the UFF software, using the UFF rep's own numbers for how he would do under it.

Should this thread really get locked? If it gets locked, it'll slip out of the collective consciousness, and can't be brought back to the main page.

If it stays unlocked, it can be bumped every 60 days or so (or whenever a brand new member makes their first post to it "You are ALL FOOLS!!!!")

E101 said:Go ahead lock it so what, who cares there is enough information in this thread to prove you all wrong and it is clear to see how you have dodge what the program is doing, I have brought it up more than once and every time it as been dodged.for a guy that claims over and over he doesn't really know what's going on in the software, you sure are quick to claim the program is proven, even though the only solid proof presented is against you.

psychtobe said:dweick said:Systems like the one OP mentions are overpriced and marketed in misleading ways.

The system "works" as follows:

1) A home equity line of credit is established (these used to carry interest rates LOWER than your home loan, now they are substantially higher)
2) Income is paid into your HELOC and if the HELOC has a surplus that surplus is paid towards your home mortgage.
3) Expenses (paid via checks typically) are paid with a loan from your HELOC

The excess of your income over your expenses results in additional paydown of your mortgage. If you have a spell of more expenses than income you end up paying interest on your HELOC at a rate that is going to be much higher than your home loan.

If you consistently spend more than you make you not only won't pay off your home early you'll watch your debt load grow.

If you consistently spend less than you make you will see your mortgage balance decrease.

For that you pay $3500, I'll give you a simple, free version. Direct deposit your paycheck to a savings account that earns interest, make your mortgage payments as late as you can without incurring a late fee (typically the 15th of the months instead of the 1st) spend less and make an additional payment towards the principle as close to the end of the month with your excess savings. An even better approach is to leave your low interest fixed rate mortgage alone and simply toss some money into an investment account every month, preferably one that isn't invested in individual stocks that someone pitched you on some message board.

There is a reason these "systems" are sold at seminars, they need a smooth talking salesman to separate you from $3500 for something that is better suited for a $19.95 paperback book.

The majority of people who foolishly fork over $3500 for these systems aren't going to stick with it much longer than they stuck with their health club membership. Their excitement will wane about as quickly as their enthusism over the overpriced timeshare they bought. The reason their excitement will wane is because people who blow $3500 on systems like this aren't good at spending less than they make.

wasn't everything that needed to be said about this topic said in this post... on the second page... of a now 50 page thread?

Where has this guy been the whole time?....this dude has no clue. He's heard of it, figured it out without knowing how it works completely (like everyone else here)....and like everyone else, he has never seen it, used it, knows the functions of the software and why 98% of the 400 test group 3 years later ARE STILL using the program and...again...are 20-25% ahead of predictions...
PLEASE FIND SOMEONE WHO HAS THE SOFTWARE AND TRY IT BEFORE YOU SPEAK!!!

Juicy stuff bhudge. Especially the commission structure for MMA sales personnel.

Yes this powerpoint clearly lays out the MLM commision structure

Per the powerpoing

Of the $3,500.00 fee

$2,250.00 is paid out in commission

$250.00 additional is paid out in bonus pools
__________
$2,500.00 total pay out

And

Once an agent does:
25 cumulative group sale
They are promoted to a Branch mgr.
(10 cumulative personal sales)

70% of $2,250 = $1,575 per sale

To maintain Marketing Bonus eligibility, you must personally make 1 sale, or personally recruit 2 new Associates in a rolling 90 day period.

No wonder the guys in the picture are smiling