Does the money merge account really work?
There seems to be some controversy surrounding the effectiveness of the money merge account. With very little research anyone can find both positive and negative information regarding this product.
In my own research I have not been able to find one negative comment from any one of the 16,000 plus homeowners who have actually purchased the software and implemented the system in their home.
Most of the negative comments seem to come from people who have a stake in discrediting the product or who make a living offering similar systems.
I have shared this system with Bank Directors, financial planners and CFO's of financial institutions (as well as my dad- who is on the Board of a local bank) and they all share the same opinion, the underlying financial principles of the system and the accompanying software would achieve the results predicted in the analysis provided by company agents. Of course, they all added the same disclaimer, "if the homeowner sticks to the plan, which they probably won't."
What they are missing with their comments is that the software allows for changes in circumstances and behavior. Think of it this way, if you went to a financial planner for assistance, you would be given a plan based on certain assumptions like- you keep working, you don't deviate from the budget and you invest according to the plan. Even the most disciplined people in the world are humans. Bottom line, after they paid the financial planner, the plan is only as good as your ability to stick to it. The Money Merge Account provides software that can adjust with your changes in lifestyle. It will show homeowners the financial consequences (good and bad) of their spending choices.
As a fellow homeowner I know circumstances change. We live in an era where we want what we want, when we want it. There is very little thought given to our decisions. Many times this is the result of a lack of information. Most Americans live paycheck to paycheck and have no household budget. The lack of a financial plan can lead to devastating consequences.
I started originating mortgages for a federal Savings bank in 1991, I did that for 14 years. I can't remember one time where I spoke to a homeowner who had total control of their finances (myself included). The first thing I would ask is "are you aware of what you are actually spending per month right now?" Very few people could answer the question. So we would refinance the mortgage, give them some cash and charge thousands of dollars. This works great as long as you have equity, but then what?
I recently purchased the money merge software and we are in the process of implementing the strategy in our home. While it is too early to speak specifically of the results, I can say that I have benefited greatly from the process of critically looking at my finances and developing a strategy to pay off our mortgage. Although I have always benefited from a great income, the number one source of bickering in our home- money. This is the results of a lack of communication and a lack of planning.
I would recommend any product that encourages the use of sound financial principles, provides a strong visual image of your finances and leverages interest cancellation. How this could be a bad thing in any one's mind is beyond me.
Tim S.
Saunderstwown, RI
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