Before I continue with my Money Merge Account "tutorials", I want to talk about the controversy that the MMA program has motivated.
I have read many many blogs and forums in which the Money Merge Account program is vigorously discussed and debated. For the most part, these posts are skeptical if not downright attacks against the efficacy of the MMA. Here are a few examples of what critics out there are saying:
"This is clearly another MLM scam."
"I agree as several others that paying $3500 for this idea is a rip-off."
"I reviewed this product for the first time last week. Frankly I am disgusted by it. It does NOT save any money, it merely moves debt from one location to another and in fact will cost most clients more money than it will save them."
And then of course there are plenty of rebuttals to these comments, the vast majority of which come from United First agents who are trying to sell the software. The critics are resisting a paradigm shift (think of Copernicus and the Catholic church, the Wright brothers and the airplane, etc) and the agents are pushing an obvious agenda. With all the confusion, who can you believe?
Personally, I find it hard to put much credence into any arguments presented on forums or blogs as you can never know for sure whether a post is motivated by a personal agenda or altruism. Take this post that I am writing now. Although I haven't actually argued for one side or the other yet, the minute I do the question becomes, "what's motivating him to write this way or that?" That's why I am not going to argue, per say, for one side or the other. I will, however, provide a few facts. So what? There are plenty of facts online regarding the MMA. Well, most of these "facts" you'll find online are not much more than conjecture and opinion. Mine will be brief, and most importantly, VERIFIABLE by the average Joe.
Fact 1: Anyone can have done for them a FREE mortgage analysis with NO OBLIGATION. The analysis will tell you how quickly the MMA will pay off your house and how much you will save in interest.
Fact 2: If you choose to purchase the software and it does not perform as the analysis promises, you can receive a FULL REFUND of the price of the software. The following is taken directly from United First's MMA limited guarantee:
"In the event that you do not achieve the full amount of the Guaranteed Savings, notwithstanding that you have timely and exactly complied with all of the terms and conditions set forth in this Limited Guarantee, your sole remedy will consist of UFirst refunding the full amount of the MMA Program Activation Fee which you paid."
Yes, the product costs $3500. Yes, it might not be perfect for everyone. But if you spend the 5-10 minutes required to have an analysis done, and the results come back saying that your $3500 investment is going to save you 20 years and $150,000 in interest, PLUS it guarantees these results by offering a FULL REFUND, would it not be worth your time to at least have the analysis done? Duh.
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4 comments:
I enjoyed your post. A quick review of logic (Ad Hominen "to the man") states that truth cannot be determined based upon who is saying it, regardless of their motives. That is, if Hitler states "2+2=4" in an effort to sell you an MMA it remains just as true as if Mother Teresa had stated it and hated the MMA.
The point: you did an excellent job in putting up just facts, regardless of where your loyalties may be. However, loyalties do not determine the truth of what you say.
I sell the MMA. I also produce the algorithms which determine the support life purchases of spare parts for much of Hewlett-Packard's super computer (SuperDome), high, mid and low range servers. We have ~$1B in world-wide spare parts--much of which we will likely throw away at the end of a given product's support life. Why? Because long range calculations run head on into the variables and vicissitudes’ of life: you cannot forecast that far out without being hugely wrong. We spend hundreds of thousands of dollars every year trying to get the software right. My personal opinion is that we will NEVER get it right: there are just too many variables. One of you has a son or daughter who will grow up in the next 5 years and develop a different computing system at 1/10th the cost of our current systems. Customers will simply upgrade to the new system—and what about the $Millions I’ve put on the shelf in spare parts? Scrapped. A total loss. Can any software predict that variable and when it will occur? Not a chance. Luckily, the MMA software has only your spending habits and income to deal with.
That is why the MMA math engine is a thing of beauty: both elegantly simple and powerfully sophisticated as it delicately and accurately manages HELOC balances and aggressive funds transfers to your 1st mortgage principle. In truth, I've tried to adapt the concepts for use in HP's support analyses, but it is beyond me. However, the fact that I'm paying my house off at an incredibly accelerated rate--reflected by my monthly amortization schedule--lets me sleep at night and makes me an advocate for the program.
Steve - steve@yourhousepaidoff.com
And where logic?
Quite good topic
Your blog keeps getting better and better! Your older articles are not as good as newer ones you have a lot more creativity and originality now keep it up!
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