I would like to welcome everyone to the Money Merge Account program Orientation presented by United First Financial. This is Mac Saunders, National Sales Director for United First Financial.
Albert Einstein made a very acute observation when he said: “Insanity is doing the same thing over and over again and expecting different results.” I’m sure many of you can relate to how we dig ourselves into a financial hole—unexpected expenses, impulse buying, and situations we could not foresee allow us to dig that hole deeper and deeper. But Albert Einstein made a second observation, which I think is equally as important, and that is: “ We cannot solve problems by using the same kind of thinking we used when we created them.” The information and knowledge we’ve acquired is not enough to get us back out of that hole. What we need when we get ourselves into a situation like this—especially when trying to navigate today’s financial landscape—is new thinking. We need some common sense thinking, we need a paradigm shift and more importantly, we need tools, we need options, and we need solutions.
The good news is it’s not too late to track a new course with United First Financial. United First Financial with the Money Merge Account system would like to offer what we call a financial GPS to get you on a path to debt elimination and wealth building. Once information has been loaded into a GPS system it shows the user some of the quickest ways to get from point “A” to point “B.” The GPS does not give an opinion it displays the results based on fact. The Money Merge Account system does the same thing with debt elimination. Once our client’s accurate information has been input into the Money Merge Account system; the Money Merge Account software will respond by showing our client some of the quickest ways to debt elimination; some of the quickest ways to zero. No emotion, no opinion, just hard calculated fact.
Who is United First Financial? (click again) In 1997 , Accelerated Equity & Development was founded in the Salt Lake City, Utah area and became one of the fastest growing mortgage brokerages in a three-year period. But the owners saw a recurring situation: their clients kept coming back every 3-5 years to refinance in an attempt to pay off debt that they had accumulated—secured debt, unsecured debt—and to try to get themselves back on their track with a payment that was manageable. They were trying to dig themselves out of the hole they had created from unmanaged debt, but they were actually digging that hole deeper, tacking more interest right back on to the loan that they had made some degree of headway on. And that is where we are at today. If we feel we can afford the payment, we feel that we can afford the purchase. But basically what most of their clients were doing was using their homes like an ATM machine . Although business for Accelerated Equity & Development was very good, the owners realized they needed to seek a solution. And in seeking that solution, they developed the Money Merge Account program. In 2005 , the Money Merge Account program was launched and test marketed in Denver, Colorado with astounding results. This led the owners to found United First Financial in 2006 . In just 24 months, UFirst™ grew from 10 agents to tens of thousands of agents, affecting tens of thousands consumers’ financial situations and, inevitably, their lives.
The Co-Founders of United First Financial are recipients of the Ernst & Young Entrepreneur Of The Year® 2008 award for Financial Services in the Utah Region. Ernst & Young doesn’t just look at a product and a company and say, “Wow. That’s a nice idea. Let’s give them an award for that.” What Ernst & Young does is very intensive due diligence. They look at the financials of the company. They look at the longevity potential of the company. They look at customer retention. They look at the product itself for its viability in the marketplace. They want to know that the companies they look at, that they give this award to, have staying power in the marketplace, that they are not just a flash in the pan, that they are established with a good, strong business model to project future longevity and future impact on consumers. After doing all that research and due diligence, Ernst & Young realized that these gentlemen fit their criteria and awarded them this honor.
Let’s also see what some industry experts have to say. The company has been featured in Broker Banker and True Wealth. We’ve been featured in Personal Real Estate Investor , in which we received the Editors Choice award and in Mortgage Planner magazine. Success From Home magazine devoted an entire issue to covering United First Financial. These magazines are the industry standards, leaders in the mortgage and investment arenas. People look to these magazines for their information, for what is new, what is working, and what is viable in the marketplace. And these editors and writers found it necessary to bring United First Financial and the Money Merge Account® program to their subscribers and their readers to let them know the kind of impact we are having on consumers not only in the United States, but Canada as well.
Conventional banking wisdom says if I’m dealing with debt, whether that be mortgage debt, unsecure debt, or secure debt—debt of any kind—there are only a certain number of ways that I can pay that debt down quicker, save myself time, and save myself money. One of those methods is to refinance my debts to lower interest rates. A second is to apply more money to principal to speed up the process, which requires the discipline to follow through. Third is to do a debt consolidation , which typically tacks on more interest in the long run. The problem here is that many of us lack either the resources or the know-how in order to navigate these options accurately. The Money Merge Account program would like to show you how to facilitate an accelerated payoff and eliminate thousands of dollars of debt with little to no alteration of one’s current standard of living, with no refinancing of one’s primary mortgage necessary, and with no debt consolidation necessary. Now, we find that some of our clients who get on board with United First Financial and the Money Merge Account program will seek the advice of brokers or lenders and may go forward with refinancing their primary mortgage, or they may go forward with a debt consolidation. But we want to make it very clear that it is not necessary to do any refinancing of one’s primary mortgage or to perform any type of debt consolidation to qualify for the Money Merge Account program. What the Money Merge Account program does for the client is to say: “If this is what your current situation is today, let us show you what we can do for you tomorrow.”
There are four basic strategies or core principles that drive the Money Merge Account program. I would like to explain in depth how these integrate in order to create the dynamic power of the Money Merge Account program. The first is the concept of interest cancellation . Second is strategic payoff . Third is time value of money . And fourth is the Money Merge Account software , coaching and education system.
Let’s dive right in to strategy number one: interest cancellation. In order to do this, I want to view a typical home mortgage. I think most people can look at their mortgage and really see how much debt they are in. Typically a home mortgage is one of the largest debts that most consumers face. We are going to start with a mortgage with a $200,000 principal loan amount at 6% interest . Now, if this was a 30-year loan, we would have a monthly payment of $1,199 and 10 cents . We have purposely left the 10 cents off of the presentation in an effort to stay with very round numbers. We are more concerned with getting the concept of Interest Cancellation across at this point, than we are with nickels and dimes. If we made every single payment for 360 months , we’d pay back $431,677 . That means we borrowed a $200,000 principal loan amount and we’re going to pay back $231,677 in total interest paid.
But let’s go a step further. Let’s look at an amortization schedule that represents this loan. And we are going to use our sample client, John and Rebecca Jones. John and Rebecca Jones have that $200,000 mortgage at 6% interest with the monthly payment of $1,199. If they make their first payment on this loan, $199 will go to principal, $1,000 will go to interest. Let’s go to month two and see what happens. If they make their payment in month two, their principal contribution increases by one dollar. They will now have $200 going to principal and $999 going to interest. At this point, I’d like to draw your attention to the columns that say equity and paid . Let’s see what this looks like one year out . Provided that John and Rebecca Jones’s home is still worth $200,000 at the end of one year, what we see is that they’ve paid in $14,389 and their potential equity position is about $2,400. In year 5 , they’ve paid in $71,000, and potential equity is about $13,000. In year 10 , they’ve paid in $143,000 and the potential equity is only $32,000. And after 21 years they’ve paid in $300,947 and their potential equity position is $99,436 and that is provided the home is still worth $200,000. But secondarily, that’s provided that John and Rebecca Jones have not followed what is typical for most homeowners and that is to refinance about every 5-7 years. This is provided they never refinanced their mortgage in that 21-year period. Notice that at the end of the 21-year period they have only paid down a little less than one half of the original principal balance.
Now I want to take a look at a traditional pre-payment example and how applying additional money over and above a debt’s regularly scheduled payment will save us money in interest, potentially knock years off that debt and create a situation of interest cancellation. Let’s say John and Rebecca Jones make their first payment in the amount of $1,199 and then they apply an additional $5,000 of their own money. So John and Rebecca will make their first payment on this loan in the amount of $6,199.
Now what we know is that they did not re-contract the loan with the original lender. They still have the same loan structure. But what they have done is they have reduced the principal balance by $5,000 so their new principal loan balance starting out is $195,000 . They are still at 6% interest , have a monthly payment of $1,199 and 10 cents. Once that additional money has been applied to their 360-month loan, their term will be reduced to 337 months . What they have done is advanced the amortization schedule by 23 months. That’s 23 months of payments they will never make back to the lender. That’s 23 months of interest they will never pay back. The original configuration of that loan contracted that they were going to pay back $231,677 in interest. By applying the $5,000 to principal, they will now only pay back $203,373 in interest. That’s a gross savings of $28,304 . Let’s back out the $5,000 that they applied of their own money and that would give them a net savings of $23,304 . Or we could say that they have now cancelled $23,304 of future interest. That is $23,304 in interest that John and Rebecca Jones are no longer obligated to pay.
But let’s give you one more example of interest cancellation. Let’s say I have my credit card and I go on a shopping spree . We will say I spend $500 . At the end of the month I will receive my credit card statement. When I receive the bill, I am going to pay off the new balance in full. If I paid the balance in full, it would not matter if my interest rate was 4% or if my interest rate was at 20%. The bottom line is I don’t pay any interest on that money whatsoever. What happened was I just used the lender’s money interest free for 25-30 days . And I’m sure many of you can relate to that scenario and have actually done this before. You cancelled interest .
Strategy number two is strategic payoff . Now I want to take you down a little path here and have you understand what strategic payoff is all about.
Let’s give you an example here. Let’s say I had six debts. <Click until Auto Loan appears> Now if these debts have interest rates that are really varied, say, 2% to 22%, it would probably be feasible to figure out which debt I ought to pay off first. But let’s say these debts range 6% to 7%. It’s a lot more difficult to figure out which debt I should pay off first. The beauty of the Money Merge Account program is the engineers have incorporated factorial math to help with that solution.
Let me just ask you a question. I’m sure many people out there have had a combination lock at one time or another. Have any of you lost the combination to the lock? And if you lost the combination to the lock, what did you do? You cut the lock off and threw it away. You didn’t sit down and try to figure it out. Let’s say I have six loans, how many possible combinations are there? Here in this situation with six loans it’s over 700 possibilities , and one incorrect prioritization of a debt can cost you time and potentially thousands of dollars. The Money Merge Account program does not leave this to guess work. The Money Merge Account program is built with sophisticated math engines and algorithms that look at every single variable with relationship to your income, expenses and discretionary income and gives you the correct path to keep you on track, gives you the correct starting point, to find some of the fastest payoff results imaginable to eliminate your debt and begin to accumulate wealth.
An easy way to describe factorial math is that it provides a specific number of exactly calculated solutions depending on how many variables you are dealing with. If you just have three variables, you would potentially have six solutions. If you have six variables, you would potentially have over 700 possibilities. And as we can see when we get up there around 10, 11, 12 variables, we start going into the millions of possibilities. The critical thing about those possibilities with regards to debt elimination, is if we were to take one of our debts and put it in the wrong payoff position on our own, it could cost us potentially years and tens of thousands of dollars in interest.
So what does the Money Merge Account software do? In a very basic and generic sense, what the software does is it tells us how much money to move , the exact dollar amount . It tells us when to move the money, the exact date . It tells us what account to take the money out of and what account to pay the money to; to the most efficient accounts , to help us find some of the quickest mathematical solutions to zero debt .
What is the software actually doing? It’s tracking account balances , it’s tracking spending cycles , it’s recognizing accounts that have both balances to be eliminated and accounts that have available funds to accelerate debt payoff, keeping us on course to achieve our financial goals. Our financial goals can range from being independently wealthy to putting a child through college, but at the end of the day most of us eventually want to retire. The Money Merge Account program has been a very effective tool for eliminating debt and helping us prepare for our retirement.
The software is selecting precise intervals , it’s selecting precise dollar amounts to move money from one account to another. The software is Maximizing cash flow <click again> , interest cancellation , and interest return .
What is the software doing? It’s creating what we call auto-generated Funds Transfers <click twice> .
Here we have a screen shot of the Money Merge Account software. At the very top you can see the dashboard. This highlighted item is the Funds Transfer. Now, remember, we said what the software is doing is telling us how much money to move, when to move it, and what account to take the money from and what account to pay it to. If you look at the highlighted area of the Money Merge Account software, you can see it’s directing us to do a Funds Transfer of $5,149.76. We can also see that it’s giving us the exact date to move that money, telling us the most efficient way for us to accelerate debt payoff.
I mentioned earlier that the Money Merge Account program uses well know banking tools and strategies that many of us are very familiar with. The minimum requirements for the Money Merge Account program are that the user has a checking and savings account . The Money Merge Account program needs 2 separate accounts for maximum efficiency. So, let’s take a minute and identify some of these accounts, and assign them some simple terminologies:
The first account that we need with the Money Merge Account program is a “Deposit Account.” The most common deposit accounts would be a checking account and a savings account . The beauty of the Money Merge Account program is it does not require you to interrupt your current banking structure. Whoever you’re currently banking with, whatever your current banking strategy is, the Money Merge Account program will integrate with that strategy and be a compliment to what you’re already doing.
The second account that we need with the Money Merge Account program is a “Facilitating Account.” The most common facilitating accounts would be a checking account, savings account, personal line of credit, home equity line of credit, commercial line of credit, secured line of credit, and some unsecured lines of credit.
Let’s take a look at how the money actually flows through the Money Merge Account program to achieve an accelerated debt payoff. As I mentioned, the first account we need is a deposit account. As with most deposit accounts, you can see here at the base that we have represented a required minimum balance. United First Financial does not require a minimum balance, but that is typically a standard of most banking institutions, so we want to reflect that here. The second account that we will need with the Money Merge Account program is a Facilitating Account. The program will key in on the facilitating account to increase reserves in that account to help us facilitate accelerated debt payoff, or strategic debt payoff. The program will look at what a client currently has in place, what checking accounts they have in place, what available lines of credit they have in place, and it will automatically select which accounts are the best accounts to be used as Deposit Accounts and which accounts are best to be used as Facilitating Accounts. We have a client that gets a paycheck and typically they will deposit that into their deposit account. The Money Merge Account software will register an increase to the reserves in that deposit account. Then with its algorithms and strategic logic it will look at our client’s spending cycles, at how much money out of that particular paycheck or income period is needed to pay living expenses, bills and so on. It will then determine how much money is actually not being used for that period until the client receives another paycheck. The software will then direct the client to move the unused portion of money, in what we call a “ Strategic Allocation ” over to the Facilitating Account to increase the reserves in that account. The software will repeat <click 4 times> this process as many times as needed to build up the necessary reserves in the facilitating account to be used for debt reduction. At this point the software now reads that the Facilitating Account has accumulated the necessary amount of money in reserves to be able to facilitate a Funds Transfer . Every client has different income cycles and different spending cycles, so the dollar amount that the software is looking for in the facilitating account will be different for every single client. But, once that dollar amount is achieved in that facilitating account the software will say, “Okay, we have enough money, we’re ready to go, let’s start attacking debt,” and it will generate a Funds Transfer . The software will automatically and simultaneously look at each one of our debts and it will determine the fastest way for us to achieve zero debt. Given our particular means in this case, the quickest way to zero debt is to apply the Funds Transfer to our primary mortgage. The goal, focus and nature of the Money Merge account program is to help us find some of the quickest mathematical solutions to zero debt.
Strategy number three: Time value of money .
Banks have been various strategies to capitalize on money for a long time. Let’s talk about what the banks know. Banks understand and use the concept of time value of money. Smart investors do what the banks do. They move the right amount of money , at the right time, into the right account, for the right length of time. They capitalize on the principle of “No Stagnant Money.” We as consumers get our paychecks and typically deposit them in a checking account and wait to pay our bills. So what is our money doing in our checking account? It’s waiting to be spent or we could say it’s basically doing nothing; it is sitting stagnant. But banks understand the concept of no stagnant money.
Banks use sweep accounts as one method to capitalize on time value of money. At the close of business daily , the banks sweep the checking and savings accounts of all their clients. The banks invest that money , earning interest while you sleep. The banks know the time value of money, that money works 24 hours a day, 7 days a week, 365 days a year. It never sleeps. It never calls in sick and it never complains. Banks capitalize on our stagnant money.
Let me give you one more example of the time value of money to kind of wrap your mind around how important it is that your money is working for you at every moment. Everything we do financially will fulfill our dream or fulfill someone else’s dream. The question is this: Would you rather have a million dollars today or a penny doubled over 30 days. Major choice? Let’s see what the best choice was. Correct answer would be a penny doubled over thirty days. After thirty days you would have $10,737,418.24. The Money Merge Account program does not let a single penny go to waste. Every cent that is input into the Money Merge Account program is maximized, optimized, and routed in the proper direction in line with your new Financial GPS. Would you rather have your money working for you or would you rather have it working for someone else?
The fourth strategy is: Money Merge Account software coaching and education system. It acts as a financial dashboard . It can be used as an expense planner , serves as an online account register , maximizes one’s money performance , and only takes approximately 10 minutes a month to update.
This is the Money Merge Account Action Plan . This would be the default page. This page reminds John and Rebecca of things to be done, prompts or reminders. This represents an outlay of their financial picture as they move through a month. In this example we are using John and Rebecca’s $200,000 mortgage with the 6% interest rate, with the payment of $1,199. They have $5,000 of income, $4,000 of living expense, and $1,000 of discretionary income. And the software is reporting that if John and Rebecca put $5,000 into their vehicle, or their line of credit, in order to drive the Money Merge Account program, and they only spend $4,000 a month, they will pay off their line of credit and their mortgage by November 2018 in a total of 9.5 years . And in total combined interest between the mortgage and the line of credit, they will only pay $72,737.69 .The Money Merge Account program tells the client where money is coming from , where money is going to . This line item right here is what we call a Funds Transfer. The Funds Transfer is automatically generated by the software as a response to a client’s activity, habits and individual financial circumstances. When we were discussing interest cancellation, I talked about how the program at different intervals would direct the client to move very specific amounts of money from one account to another account to cancel interest, strategically pay off debts or to optimize a client’s money performance with relationship to their income, expenses, and discretionary income. In this particular case, the line item that has been generated by the Money Merge Account software is directing the John and Rebecca to send $5,149.76 from their line of credit to be paid to principal only on their primary mortgage. This will compress the balance on their primary mortgage, save them time and money—just as we saw on the original $200,000 example—and basically trade closed-end interest charges for the small finance charge on the open-end line of credit. If we click here on Cashflow , we can see an expense line for John and Rebecca.
They can detail their expenses creating a visual budget . They can add expenses , making their expenses as generic or as detailed as they want. John and Rebecca can create categories or folders that they can now reconcile with the software. They have an income displayed here. Any items listed on this page, expenses or income will populate directly to the Action Plan. John and Rebecca can see their names . They can set up categories for their incomes, the frequency for that income, how much it is, what is the next date they are going to receive a paycheck. And if it’s an income that has a time line, as in the case of a renter they can actually put an end date as to when that income is going to stop and that will be incorporated in to the calculation of how many years and months it’s going to take to pay off and how much interest they’ve paid or saved.
The software is simple to update . It provides a tracking tool . It functions as an account register and all it wants to know is how much money is coming in and how much money is going out . It tracks your monthly budget , and it includes continuous customer support , coaching and education.
Everything that we have been talking about up to this point has been very generic: $200,000 mortgages, $5,000 of income. I would like to move into a client who was part of our original Denver test market; her name is Mary and these are actual screen shots of her account when she first got on the Money Merge Account program. Mary entered the program back in February of 2005 and started using the program, moving into March. If we look here, we see Mary was paid semi-monthly on the first and the fifteenth. And we see that her income on each pay was $1,136.49. So she roughly was making $2,273 a month. She had a mortgage payment of $927.08 and she had designated her living expenses as about $1,000 per month. I think that we can look at this situation and say that Mary represents a good chunk of Middle America: an individual with limited resources, and limited means. When Mary was introduced to the program we let her know if she applied her $2,273 of income into her line of credit, if she spent the same $1,927 per month, she would pay her mortgage off on January 2018 in only 11.917 years. This line item represents one of Mary’s Funds Transfers that was automatically generated by the Money Merge Account software directing or prompting her to send $3,870.32 from her line of credit payable to her first mortgage, again, to compress the balance on her first mortgage, save her money in interest, and trade closed-end interest charges for open-end finance charges. For someone in Mary’s financial position, would $3,870.32 be a lot of money? I think we can all agree it would be.
But let’s see how this all panned out for Mary. Here’s a ledger that shows us one isolated year of activity. When we activated Mary on the program, she had 28 years remaining on a 30-year mortgage. The balance at the time of activation was $136,058.76 . Mary made her first payment on March 2005 . She was now on the Money Merge Account program, and she made her first payment utilizing her line of credit towards her primary mortgage. When she made that payment, $156.92 went to principal. On April 7 th , 2005 , she made another payment and her principal contribution increased by 69 cents to $157.61 . That’s a principal increase of 69 cents. Now if we remember our $200,000 example, the principal contribution was supposed to increase by one dollar. In her case, it would be 69 cents. On April 15 th , 2005 the software came online and told Mary to send $1,092.99 from her line of credit payable to her primary mortgage. Now April is usually tax time. Mary received a tax return. Where do you think Mary sent that money? Exactly, she sent the money directly to her line of credit. Upon doing so, it alerted the software. Remember it’s looking at every penny that comes in. It’s filtering this new information through factorial math through interest cancellation, through the algorithms, through the math engines. And it says, “Wait, wait! Hold on. You have more money. This is not money I anticipated.” So on April 30 th , it said, “Let’s go ahead and send another $1534.13 .” Now remember, Mary only makes $2,272 a month. That is a lot of money to Mary. But Mary moves forward knowing that the Money Merge Account program is going to operate for her. What we see is that in May and June , the software tells Mary not to send any additional money to principal, just make her regular scheduled mortgage payment . The software does this to regulate the balance on Mary’s line of credit as well as regulate the amount of interest Mary is paying on the line of credit. The software has directed Mary to move an exactly calculated portion of money from her line of credit and make it payable to the debt that it designated for strategic debt payoff: in this case her mortgage. The balance in turn went up slightly on her line of credit. Over the next few months the software concentrated its focus to eliminating the balance on her line of credit. Once the balance on the Line of credit was paid back down to a specific dollar amount the software was looking for, it said, “Ok. Let’s do it again.” On July 3 rd , 2005 , the software told her to send $5,169.57 . The reason for such a drastic increase in the dollar amount of that funds transfer from the line of credit to the primary mortgage was because of that additional money that the software read back in April. It says, “You know what? If you’re going to give me money like this, let’s get this thing going and let’s send $5,169.” But as we can see, in August, September, October, November, December, January and February, the software does not tell her to send any additional money to the mortgage or to a strategic debt payoff because it wants to have time to pay that $5,169 back down on the line of credit using the Mary’s available resources. What we do see is that by February 12 th , 2006 , her principal contribution has increased from $156.92 on March 3 rd , 2005 to $199.92 as of February 2006. That’s an increase of $43 in one year. Now remember, it was supposed to increase by 69 cents a month.
Let’s see a comparison of what that looks like. On the Money Merge Account program with a start balance of $136,058 in one year, Mary was able to achieve a balance of $126,032 with limited resources and limited means. If Mary had followed the lenders conventional amortization schedule and just made every payment on time, it would have taken her 4.7 years to reach a balance of $126,193. If Mary had followed that schedule and made every payment on time for 30 years , she would be scheduled to pay back in addition to the $136,000 in principal $134,726 in interest alone. By Mary staying on track with the Money Merge Account program, she will pay off her mortgage and her line of credit to zero, in 11.917 years and pay a combined total interest between the line of credit and the mortgage of $45,159, for a total interest savings of $89,567 . This is the awesome power of the Money Merge Account program in action in a real life situation. This is why we are so excited.
There has never been a more ripe time in history with the current economic climate and our faltering economy. America’s total outstanding public debt is eleven and a half trillion dollars as of June 23, 2009. And if you can see the little guy in the wheel, it’s just like we’re spinning our wheels and going nowhere. We have been conditioned to believe that we can have it now and pay for it later, so the tally just keeps racking up.
After three years, we have changed our customer’s lives here at United First Financial® with the dynamic power of the Money Merge Account® program by empowering them with coaching, education and the tools to pay down $355,000,000 of principal. Our clients have leveraged money, cancelled interest, utilized banking strategies, using the Money Merge Account program, and they’re on track for financial freedom to achieve their financial goals. $355 million dollars in principal pay down by our clients in a three-year period. All you have to gain by getting with United First Financial and the Money Merge Account program is financial freedom.
Achieving your financial goals begins with eliminating your debts. Let the United First Financial® representative who introduced you to our powerful solution run a free no obligation analysis for you. Nothing will ever speak to you as loud as your own numbers, your own financial situation. Allow us to show you that it’s your time for financial freedom. It is your time to get on top of your finances. It is your time to build and create wealth. It’s your time with United First Financial! I want to thank you so much for joining me. Have a great day and enjoy the Money Merge Account® program.
100 Orientation By Mac Saunders
Money Merge Account® Program Orientation
We can't solve problems by using the same kind of thinking we used when we created them. Albert Einstein “ Insanity ” Doing the same thing over and over again and expecting a different result. Common Sense Thinking! Source: www.quotationspage.com, www.thinkexist.com
Good News…It’s Not Too Late to Track a New Course
2006 United First Financial In 24 months…UFirst™ grew from ten Agents to tens of thousands of Agents 2005 Money Merge Account ® Program 2005 - 2006 Denver Test Market 1997 Accelerated Equity One of Utah’s fastest growing companies in 3 years Who Is United First Financial®? They sought this cure because the home was an ATM in disguise
Moving in the Right Direction Skyler Witman John Washenko Jonathan E. Bonnette Matt Lovelady Ernst & Young Entrepreneur Of The Year® 2008
Conventional Banking vs. Money Merge Account® Program <ul><li>Conventional Banking </li></ul><ul><ul><li>Refinance to lower interest rate </li></ul></ul><ul><ul><li>Apply more money to principal </li></ul></ul><ul><ul><li>Debt Consolidation </li></ul></ul><ul><li>Money Merge Account Program </li></ul><ul><ul><li>With little to no alteration to current standard of living </li></ul></ul><ul><ul><li>No refinancing of existing mortgage necessary </li></ul></ul><ul><ul><li>No Consolidation Necessary </li></ul></ul>
Four Strategies of the Money Merge Account® Program <ul><li>Interest Cancellation </li></ul><ul><li>Strategic Payoff </li></ul><ul><li>Time Value of Money </li></ul><ul><li>Money Merge Account Software, Coaching and Education system </li></ul>
Strategy #1: Interest Cancellation <ul><li>$200,000 Principal loan amount </li></ul><ul><li>6% Interest rate </li></ul><ul><li>$1,199 Monthly payment </li></ul><ul><li>x 360 Months (30-year loan) </li></ul><ul><li>$431,677 Total repayment </li></ul><ul><li>- $200,000 Principal loan amount </li></ul><ul><li>$231,677 Total interest paid </li></ul>
Sample Loan: John and Rebecca Jones <ul><li> $200,000 Principal balance 6% Interest rate $1,199 Monthly payment </li></ul>Year 21 Year 10 Year 5 Year 1 Month 2 Month 1 Paid Equity Balance Interest Principal Strategy #1 > Interest Cancellation $199.10 $1,000 $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 $300,947
Traditional Prepayment Example <ul><li>$ 1,199 First monthly payment </li></ul><ul><li>$ 5,000 Additional principal </li></ul><ul><li>$ 6,199 Total first payment </li></ul>Strategy #1 > Interest Cancellation
Interest Cancellation $195,000 New principal loan balance 6% Interest rate $1,199 Monthly payment 337 New months $231,677 Original interest paid $ 203,373 New interest paid $ 28,304 -$ 5,000 Additional principal payment $ 23,304 Interest Cancellation Strategy #1 > Interest Cancellation
$500 Bank Smarter the BANK the BANK If you pay your Visa bill in full at the end of the month… you don’t pay interest You just used the lender’s money interest free for 25-30 days (Depending on the credit card provider) Strategy #1 > Interest Cancellation You canceled interest
How Would You Pay This Off? $21,538 7% Line of Credit Balance $4,309 6.125% Furniture $27,753 6% Trailer Loan $42,296 6.75% Auto Loan $226,183 6.5% Mortgage $7,753 6.125% ATV Loan the BANK Strategy #2 > Strategic Payoff
With Just Six Debts How Many Possible Combinations? Strategy #2 > Strategic Payoff Over 700 Payoff Scenarios
What Is the Software Telling Us? <ul><li>How much money to move…. </li></ul><ul><li>(The exact dollar amount) </li></ul><ul><li>When to move it…… </li></ul><ul><li>(The exact date) </li></ul><ul><li>From what account to what account…. </li></ul><ul><li>(The most efficient accounts) </li></ul><ul><li>To help us find the quickest mathematical solution to </li></ul><ul><li>ZERO DEBT </li></ul>Strategy #2 > Strategic Payoff
What Is the Software Doing? <ul><li>Tracking Account Balances </li></ul><ul><li>Tracking Spending Cycles </li></ul><ul><li>Recognizing Accounts </li></ul><ul><ul><li>With Balances to Eliminate </li></ul></ul><ul><ul><li>With Available Funds to Accelerate Debt Payoff </li></ul></ul><ul><li>Keeping Us on Course to Achieve Our Financial Goals </li></ul>Strategy #2 > Strategic Payoff
What Is the Software Doing? <ul><li>Selecting Precise Intervals </li></ul><ul><li>Selecting Precise Dollar Amounts </li></ul><ul><ul><li>To move money from one account to another account…. </li></ul></ul><ul><li>Maximizing </li></ul><ul><ul><li>Cash Flow </li></ul></ul><ul><ul><li>Interest Cancellation </li></ul></ul><ul><ul><li>Interest Return </li></ul></ul>Strategy #2 > Strategic Payoff
What Is the Software Doing? <ul><li>Creating auto-generated </li></ul><ul><li>FUNDS TRANSFERS </li></ul>Strategy #2 > Strategic Payoff
<ul><li>The Money Merge Account program works with various banking instruments </li></ul><ul><li>Minimum requirements for the Money Merge Account program: </li></ul>Money Merge Account ® Program
Facilitating Accounts <ul><li>Checking Account </li></ul><ul><li>Savings Account </li></ul><ul><li>Personal Line of Credit </li></ul><ul><li>Home Equity Line of Credit </li></ul><ul><li>Commercial Line of Credit </li></ul><ul><li>Secured Line of Credit </li></ul><ul><li>Unsecured Line of Credit </li></ul>
Facilitating Account Deposit Account Strategic Debt Payoff Debts Organization of Funds Transfer PAY FT Strategy #2 > Strategic Payoff Strategic Allocation Income Income Strategic Allocation
Strategy #3: Time Value of Money <ul><li>Interest Cancellation </li></ul><ul><li>Strategic Payoff </li></ul><ul><li>Time Value of Money </li></ul><ul><li>(Bank Smart) </li></ul>
<ul><li>Banks understand and use the concept </li></ul><ul><li>“ No Stagnant Money” </li></ul><ul><li>Smart Investors do what the banks do </li></ul><ul><ul><li>They move the right amount of money, at the right time, from one account to the other another account and let it sit for the right length of time…. </li></ul></ul>Strategy #3 > Bank Smart Bank Smart
Bank Smart <ul><li>Banks practice Sweep Account strategies </li></ul><ul><ul><li>At the close of business daily, banks sweep the checking and savings accounts of all their clients </li></ul></ul><ul><ul><li>The banks invest your money, earning interest while you sleep </li></ul></ul><ul><ul><li>They know money works 24 hours day, 7 days a week, 365 days a year </li></ul></ul>Strategy #3 > Bank Smart
Time Value of Money <ul><li>Question: </li></ul><ul><li>Would you rather have $1,000,000.00 today, or a penny doubled over 30 days? </li></ul><ul><li>Answer: </li></ul><ul><li>After 30 days, you would have $10,737,418.24 from doubling the penny </li></ul>Strategy #3 > Bank Smart
Strategy #4: Money Merge Account® Software <ul><li>Interest Cancellation </li></ul><ul><li>Strategic Payoff </li></ul><ul><li>Time Value of Money </li></ul><ul><li>Money Merge Account Software, Coaching and Education system </li></ul><ul><ul><ul><li>Financial dashboard </li></ul></ul></ul><ul><ul><ul><li>Expense planner </li></ul></ul></ul><ul><ul><ul><li>Online account register </li></ul></ul></ul><ul><ul><ul><li>Maximizes money performance </li></ul></ul></ul><ul><ul><ul><li>10 minutes per month to update </li></ul></ul></ul>
Component #4: Money Merge Account® Software <ul><li>Simple to update </li></ul><ul><li>Provides tracking tool </li></ul><ul><li>Functions as an account register </li></ul><ul><ul><li>How much money is coming in </li></ul></ul><ul><ul><li>How much money is going out </li></ul></ul><ul><li>Tracks your monthly budget </li></ul><ul><li>Includes continuous customer support, coaching and education </li></ul>Strategy #4 > Money Merge Account Software
Years Remaining at Activation: 28 Original Balance at Activation: $136,058.76
Comparison Loan amount: $136,058 Balance in 1 year: $136,058 Starting balance Conventional Program Money Merge Account® Program $126,032 Balance in 4.7 years: $126,193 Strategy #4 > Money Merge Account Software 11.917 years $45,159 30 years $134,726 $136,058 Repayment time Total interest paid Total interest savings: $89,566
Going Nowhere Fast We have been conditioned to believe that we can have it now… and pay for it later United States Public Debt $11,400,656,567,952.60 June 23, 2009 Source: http://www.treasurydirect.gov/NP/BPDLogin?application=np
As of April 20, 2009 we have changed our customers’ lives, with: Over $355,000,000.00 in Principal Paid Down All you have to gain is Financial Freedom Results as of April 20, 2009
<ul><li>Achieving Your Financial Goals </li></ul><ul><li>Begins with Debt Elimination </li></ul>Let the representative who introduced you to our powerful solution run a free analysis for you
<ul><li>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. </li></ul>