Money Merge Account™ overview

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Overview of the award-winning Money Merge Account™

Overview of the award-winning Money Merge Account™

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  • Intro: Most people I talk to end up doing this and here’s why…(next slide)

Transcript

  • 1. Chuck Price, Jr U.S. Army (Ret) Price Financial Strategies www.PriceFinancialStrategies.com (719) 238-1393 “ Faith. Family. Finances.”
  • 2. WELCOME!
  • 3. See What the Experts Are Saying National spokesperson – Mark Victor Hansen
  • 4. Moving in the Right Direction Don Jorgensen, Skyler Witman Jonathan E. Bonnette, Matt Lovelady and John Washenko
  • 5. A Paradigm Shift
  • 6.
    • Why does the largest building in every city have a bank’s name on it?
    • Banks pay interest to earn interest.
    Banks pay interest at <3% Your checking, savings, cd’s Earn <3% Banks earn interest at >6% Your loans, credit cards, mortgages pay >6% How Do Banks Work?
  • 7. Our System teaches you to make every dollar you make either earn interest or cancel interest! Just like a bank – 24/7!
  • 8.
    • Your Debt
    • Advance Line of Credit (ALOC)
    • A Home Equity Line of Credit, Personal or Business Line of Credit, or even a credit card will work, as long as it has the correct characteristics required by the Money Merge Account™ program
    • Checking and Savings Accounts
    • Money Merge Account Program
    Four Required Components to Pay Off Your Debt in Record Time
  • 9. John and Rebecca Jones $238,700 in Debt at age 40 $121,855 Total Interest Saved with the Money Merge Account Conventional Program 40 years old 30 years to zero $247,764 in interest Money Merge Account TM System 40 years old 15.3 years to zero $125,878 in interest
  • 10.
    • NOT a Bi-Weekly Program
    • NOT a Debt Rolldown Program
    • NOT a Reverse Mortgage
    • NOT a Concept or Theory
    Money Merge Account™ Program
  • 11. Four Key Money Saving Principles
    • Interest Accumulation
    • Interest Float
    • Interest Cancellation
    • 4. Strategic Payoff
    • Would you trade $4 for $18?
  • 12. John and Rebecca Jones Liability Structure Debt Amount Rate Payment Term Mortgage $200,000 6% $1199.10 360 Credit Card $0 12% $0.00 240 Income Structure Income Expense Discretionary $5,000 $4,800 $200
  • 13. $200,000 Principal Balance 6% Interest Rate $1,199.10 Monthly Payment (30 Years = 360 Months) Principal Interest Balance Equity Paid Month 1 Month 2 Year 1 Year 5 Year 10 Year 21 Year 30 $199.10 $1,000.00 $200.10 $999.00 $210.33 $988.77 $197,543 $2,457 $14,389 $267.22 $931.88 $186,108 $13,891 $71,946 $360.44 $838.66 $167,371 $32,628 $143,891 $696.23 $502.89 $100,573 $99,436 $300,947 $431,677
  • 14. Total Mortgage Pay off (- escrow) Total interest from 6% mortgage Amount 200,000 300,000 400,000 5% 386,513 579,770 773,021 6% 431,677 647,515 863,354 Interest 231,677 347,515 463,354
  • 15. Month 1
  • 16. Month 1
  • 17. Month 1
  • 18. Month 1
  • 19. Month 1
  • 20. +$12 @3% -$199 1. Interest Accumulation Month 2
  • 21. 0% 2. Interest Float Month 2
  • 22. $3,789 Month 2
  • 23. Funds Transfer 3. Interest Cancellation
  • 24.
    • $195,812 New principal loan balance
    • 6% Interest rate
    • $1,199 Monthly payment
    • 340 Months (Not 358 – Cancelled 18 months)
    • $231,677 Original interest paid
    • - $212,930 New interest paid
    • $18,746.21 Total Savings
    • Now would you trade $4 for $18?
    Prepayment Savings Example
  • 25. Bank Like a Bank Sounds simple, but it is millions of lines of codes and multiple math algorithms hard at work. Ever since banks opened their doors, they have relied on math and timing to make money work. Now it’s your turn to bank like a bank. CANCEL INTEREST Computes the optimal time to leverage money to pay off your debts and cancel interest.
  • 26. How Would you Pay this off? $10,700 7% Installment Loan $4,800 12% Credit Card $8,000 9% Credit Card $20,000 7% Auto Loan $200,000 6% Mortgage 1 2 6 24 120
  • 27. Factorial Math Fair Isaac* reports the average consumer has 13 active creditors on their credit report. Over 6 BILLION * www.myFICO.com
  • 28. Strategic Payoff
    • Looks at the characteristic’s of each debt including
    • Amount owed
    • Length of debt
    • Interest rate
    • Calculation of Payment
    • Adjusting Rates
  • 29. John and Rebecca Jones Liability Structure Debt Amount Rate Payment Term Mortgage $200,000 6% $1199.10 360 Credit Card $8,000 9% $72.00 240 Credit Card $0 12% $0.00 240 Loan $10,700 7% $125.00 120 Auto Loan $20,000 5% $377.00 60 Income Structure Income Expense Discretionary $5,000 $4,800 $200
  • 30. Month 1
  • 31. Month 1
  • 32. Month 2
  • 33. $3,789 Month 2
  • 34. Strategic Payoff $4,800 $3,989 $4,800
  • 35. Making the Right Decision If you choose to override the system, it will immediately tell you what the impact of your emotional decision will be
  • 36. Financial GPS
    • It guides you to:
    • Pay off debts
    • Save for retirement
    • Stay Focused
    • Track success
    The Money Merge Account™ Program Is Your Financial GPS
  • 37. $121,855 Total Interest Saved with the Money Merge Account John and Rebecca Jones Conventional Program Money Merge Account TM System 40 Years Old 40 Years Old 30 years to zero 15.3 years to zero $247,764 in interest $125,878 in interest
  • 38.  
  • 39. Achieving Your Financial Goals Begins with Debt Elimination Let the UFIRST representative who introduced you to our powerful solution run a free analysis for you
  • 40.
    • United First Financial, its Agents and subsidiaries provide Internet, Web-based software and support services. United First Financial does not provide accounting, tax, legal, real-estate, mortgage, or investment advice. Interested parties should seek and consult with persons or entities licensed and qualified in those areas for advice relating to those matters. United First Financial is not liable or responsible for claims or representations made by any party which are not included in the Money Merge Account™ Limited Guarantee.