I am a huge fan of the MMA programs.  In the right hands the Money Merge Account and other debt elimination programs such as UFLO's are the most powerful business building and equity management tool on the market today.  It's unfortunate that jerks such as the LO that sent your client this e-mail don't have a clue.

It is absolutely true that many people will not qualify for the HELOC either credit or home equity reasons.  (That's where the UFLO DE Program comes in).  For those that do it works.  For LO's who are smart, you can build long term relationships and generate repeat business by showing your clients  how to pay down their mortgage quickly and and then show them how to harvest the equity once it's paid down.  The harvested equity can then be used to buy investment real estate or be put into other investments with the help of a Financial Planner.  The client then repeats the process with the harvested equity, pays it down and re-harvests it for other investments.  Depending on the age of the client the cycle can be continued multiple times and by the time they are ready to retire their home will be paid off and they will have a healthy nest egg of investments. 

Think outside the box guys.  The potential for wealth creation is monumental.  Give me a Call Matthew.  I'll be happy to explain how I'm using these programs to truly make a difference in the lives of my clients.

Matthew,

I like Robert, am very educated on each product.  I have spent the time to fully research not only the UFirst program but almost every alternative out there.  I've spent I don't know how many months, at least six, researching , talking to, interviewing and getting trained on debt elimination.    I don't jump into anything without doing my homework.

I researched Sydney Financial, CMG, UFirst, Debt Consolidation, Debt Elimination, Bi-weekly, 15 year products and the do it yourself stuff out there.   Currently I spend at least 3 hours a week in training and making sure that the recommendations I present to my clients are best for the client.  I personally input, on average 2 debt elimination analysis per day, about 10 a week.  When I work with a client I run the numbers through 2 different programs and discuss the pros and cons of each plan.

You have not heard me say, nor will you ever hear me say that the MMA is the right thing for every client.  It's not.  Spend some time researching my blog comments on the topic.  I did my homework and I made my decision based on hard work, and due diligence.

When you see the real hard numbers from the various analyses and you talk with the clients, get into their heads and really care about finding solutions that are right for them you become an expert.

Once you've worked with the different products, and you work with the numbers and create differing scenarios for each client, you become an expert.  Ok Client; "This is what will happen if you do this, you can't roll that debt in, but you can do this."  You know what client; "It looks like you have a hard time managing your credit cards so a Heloc may not be a good choice for you...But, this third party administrator program could a great solution.  It will lower your monthly expenses, make sure all your bills are paid on time and over time improve your credit scores, all while eliminating your current debt.

Just because I joined a program doesn't make me an expert.  Doing my homework, doing my due diligence and working with real clients, with the real product does!

Who said I only went to one seminar?  As I mentioned above, I've spent hours and months getting educated on various aspects of Debt Elimination and U1st is only one strategy of several that work for me.

 I can only speak for myself that I've taken the time to become an expert on the products that I utilize  I'm not an expert on products I don't use, but I am educated on them.   It's the niche that I've chosen, people need it and I'm passionate about it.  I am also very outspoken about not liking the fact the the U1st product is marketed by non financial professionals.  I think that's a mistake and it hurts me because of comments made by people like who discredit everyone who sells it responsibly.

It's ok for you to say, I looked at the product it's not a fit for me, I prefer this method.  It's not ok to discredit something that you have not used and have not seen in action because you don't like some of the people who sell it.

The responsible thing to say, is I've reviewed this product and it doesn't work for me.  It has merits and if you are going to research it, make sure that the person you talk to has taken the time to understand what they are talking about. 

A statement like that I'd be fine with, but your discrediting the entire product without even having taken a two hour training is makes me pause!

Robert, I've run the numbers only through the following of your blog.  What I see that's missing in your assumptions is that you assume that when someone uses the MMA, that they will only start to invest after the 10.4 years.  You are also assuming that the client has no debt.  The average American has $50,000 worth of credit card debt!!

My argument is to combine your strategy with mortgage accelleration and harvest more of the new equity before the 10.4 years.  Harvest the equity more than once and invest it to increase returns.  I'm saying don't just sell them the MMA and walk away.  Stay in their lives, build a relationship with the client.

Reality is that the average consumer will choose Option 1 or Option 2 in your primary blog.  Most will abuse the IO options that you discuss and a whole bunch won't qualify for an IO product.

I'm simply arguing that the MMA provides a viable solution for the average consumer.  No it will not provide the returns of Options 5 & 6, but it's certainly better than Option 1 or 2.It can also be used as a vehicle to get someone educated and ready to take advantage of the IO options you discuss.

Also, what if somebody doesn't have the 30 years that you assume.  There are so many variables. 

Matthew, a bad apple is a bad apple.  My point is that your dissing the product when you yourself say that it fulfills a niche.  Your statement casts a pretty big net and it's harmful to those people who are responsible and who understand that there is no magic bullet!  You don't want to market the product, not problem.  Just don't say the product is bad for everyone when you yourself say that it fulfills a niche.  That's a double standard and I hate double standards!

 You don't want to market it no problem.  At least align yourself with someone who will give an honest assessment and say ohh, this isn't the right product for you!

Robert,

You and Brian and I think it's Bill Roberts really like the CMG program.  While I have access to it, I've stayed away from it as the concept of a HELOC as a 1st makes me uncomfortable.  Clearly I need to go back to school on this one. 

As someone who is actively looking for a mentor in my area regarding the concepts that you discuss, I wholeheartedly agree with you.  Too many professionals look at me glassy eyed when I ask them questions about mortgage planning strategies.  In addition many have an agenda that is not necessarily in the clients best interest. 

As I stated on Jeff's blog, my argument is, the MMA tool can be a valuable arrow in your quiver.  At least have it available.  If nothing else the dynamics around it can start a conversation and get you in front of the client to start the education process.