Slide 2: ALOC – Checking – Savings Presentation
July 2008
Slide 3: 1997 Accelerated Equity
Founded by Skyler Witman and John Washenko in Draper, Utah One of Utah’s fastest growing companies for 3 years. In 2002, hired a group of experts to create a program to help homeowners pay off mortgage debt more effectively with little to no change in lifestyle.
2005 Money Merge Account™ Program
2005 - 2006 Denver Test Market
2006 United First Financial
In 24 months…UFirst grew from ten Agents to thousands of Agents
Slide 4: See What the Experts Are Saying
Slide 5: Moving in the Right Direction
Don Jorgensen, Skyler Witman Jonathan E. Bonnette, Matt Lovelady and John Washenko
Slide 6: How Do Banks Work?
• 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% Banks earn interest at >6%
Your checking, savings, cd’s Earn <3%
Your loans, credit cards, mortgages pay >6%
Slide 7: Our System teaches you to make every dollar you make either earn interest or cancel interest!
Slide 8: John and Rebecca Jones $238,700 in Debt at age 40
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
$121,855 Total Interest Saved with the Money Merge Account
Slide 9: Four Required Components to Pay Off Your Debt in Record Time
• • 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
Slide 10: Money Merge Account™ Program
• • • • NOT a Bi-Weekly Program NOT a Debt Rolldown Program NOT a Reverse Mortgage NOT a Concept or Theory
Slide 11: Four Key Money Saving Principles
1. Interest Accumulation 2. Interest Float 3. Interest Cancellation 4. Strategic Payoff
Slide 12: John and Rebecca Jones
Income Structure Income $5,000 Expense $4,800 Discretionary $200
Liability Structure Debt Mortgage Credit Card Amount $200,000 $0 Rate 6% 12% Payment $1199.10 $0.00 Term 360 240
Slide 13: Month 1
Slide 14: Month 1
Slide 15: Month 1
Slide 16: Month 1
Slide 17: Month 1
Slide 18: Month 2
1. Interest Accumulation
-$199 +$12 @3%
Slide 19: Month 2
2. Interest Float
0%
Slide 20: Month 2
$3,789
Slide 21: Funds Transfer
3. Interest Cancellation
Slide 22: Prepayment Savings Example
$195,812 6% $1,199 340 $231,677 -$212,930 $18,746.21 New principal loan balance Interest rate Monthly payment Months (Not 358 – Cancelled 18 months) Original interest paid New interest paid Total Savings
Slide 23: Bank Like a Bank
Computes the optimal time to leverage money to pay off your debts and cancel interest. 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.
Slide 24: How Would you Pay this off?
120 24 1 6 2
$200,000 6% $10,700 7%
Installment Loan
$4,800 12%
Credit Card
$8,000 9%
Credit Card
$20,000 7%
Auto Loan
Mortgage
Slide 25: 4. Strategic Payoff
• • • • • Looks at the characteristic’s of each debt including Amount owed Length of debt Interest rate Calculation of Payment Adjusting Rates
Slide 26: Factorial Math
Fair Isaac* reports the average consumer has 13 active creditors on their credit report.
Over 6 BILLION
* www.myFICO.com
Slide 27: John and Rebecca Jones
Income Structure Income $5,000 Expense $4,800 Liability Structure Debt Mortgage Credit Card Credit Card Loan Auto Loan Amount $200,000 $8,000 $0 $10,700 $20,000 Rate 6% 9% 12% 7% 5% Payment $1199.10 $72.00 $0.00 $125.00 $377.00 Term 360 240 240 120 60 Discretionary $200
Slide 28: Month 1
Slide 29: Month 1
Slide 30: Month 2
Slide 31: Month 2
$3,789
Slide 32: Strategic Payoff
$3,989
$4,800
$4,800
Slide 33: 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
Slide 34: The Money Merge Account™ Program Is Your Financial GPS
It guides you to: • Pay off debts • Save for retirement • Stay Focused • Track success
PS Financial G
Slide 35: John and Rebecca Jones
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
$121,855 Total Interest Saved with the Money Merge Account
Slide 36: 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
Slide 37: 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.
Slide 38: Thank You
