Upload
joemccormick
View
223
Download
2
Tags:
Embed Size (px)
Citation preview
What Were Your Childhood Dreams?
Debt Destroys Our Dreams
Statistics on Debt Debt Destroys Dreams
More than 40% of American families spend more than they earn.
(Federal Reserve)
Who Files Bankruptcy? Well educated, middle class baby boomers
with big time credit card debt. (University of Texas study printed in Wall Street Journal)
In 2008, more people will file for bankruptcy than will graduate from college. (Bureau of Labor Statistics Consumer Expenditure Survey)
Could we achieve more, if we were not slaves to the lender?
1 9 2 9In – 2 % O n ly o f h o m e s in A m e r ic a h a d a m o r t g a g e a g a in s t
. 9 8 % t h e m w e r e M o r t g a g e F R E E
1 9 6 2 In - 9 8 % had a M o r t g a g e A g a in s tt h e m
(Christian Financial Concepts)
The Economic Meltdown New Home sales tumbled to a 17 year low in
August 2008. Associated Press 9/25/08
Nearly 6 out of 10 Americans believe a “Depression” is likely. CNN 10/6/08
Many more banks could fail. CNN 10/6/08
The U. S. could see 25% unemployment rate and millions of families homeless & hungry. CNN 10/6/08
760,000 jobs have been lost so far this year! Bureau of Labor Statistics 10/30/08
One quarter of U.S. employers expect to lay-off workers in the next 12 months. Consulting firm Watson Wyatt – Reported by CNN 11/2/08
6
“ We can't solve prob lems by using the same kind of thinking we used when we created them. ”
Albert Einstein
We Must Change Our Habits!
7 5 % R e p lie d t h a t b e c o m in g a n d s t a y in g d e b t f r e e w a s
t h e n u m b e r o n e k e y t o b u ild in g w e a lt h … remember
wealth is assets minus liab ilities.
, W h e n s u r v e y e d t h e Forbes 400 w e r e a s k e d “ W h a t is t h e m o s t
?im p o r t a n t k e y t o b u ild in g w e a lt h ”
“ T h o s e w h o u n d e r s t a n d in t e r e s t
a r e d e s t in e d t o e a r n, i t w h ile t h o s e t h a t
’ d o n t a r e d o o m e d t o .p a y it ”
What if you could… Become debt free &
begin to create wealth in 1/3rd the normal time without: Changing your
standard of living Refinancing any of your
debts Changing your current
monthly payments 10
Skyler Witman
John Washenko
•1997 Accelerated EquityOne of Utah’s Fastest Growing Companies in 3 Years
They Sought This Cure…Because TheHome WasAn ATM INDisguise!
2002 Focused on Cure For ClientsSaw both their parents face foreclosure while growing up.
•2005 Money Merge Account (MMA)2005-2006 The “Denver 400” Project – Beta Test
•2006 UFirst Financial LaunchesIn 12 Months…UFirst From 10 Agents To Over 28,000. •2008 – Now over 50,000 clients!
12
13
Why This WorksThe 3 Power Principles of Money
• The Time Value of Money•Who is your $$$ working for?
• Strategic Payoff•What is the fastest path to zero debt & wealth creation?
• Consequences of our $$$ Decisions•We need a financial dashboard.
All Managed by Highly Sophisticated AlgorithmsWith real time fluid results and positioning.
Principal Interest Balance Equity Paid
Month 1
Month 2
Year 1
Year 5
Year 10
Year 21
Year 30 $431,677
$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 $99,877 $100,123 $302,173
2 0 0 ,0 0 0 $ P r in c ip a l B a la n c e 6 % In t e r e s t R a t e
1 ,1 9 9 .1 0 $ M o n t h ly P a y m e n t
S a m p le F a m ily
$5,000 Monthly income-$4,000 Living expense (mortgage, car payment)
$1,000 Discretionary income
16
Our Way
18
Our Way
19
Why This WorksThe 3 Power Principles of Money
• The Time Value of Money•Who is your $$$ working for?
• Strategic Payoff•What is the fastest path to zero debt & wealth creation?
• Consequences of our $$$ Decisions•We need a financial dashboard.
All Managed by Highly Sophisticated AlgorithmsWith real time fluid results and positioning.
Strategic Pay Off ExampleHow Would You Pay This Off?
$21,5387%
Line of Credit Balance $4,309
6.125%Furniture
$27,75316%
Credit Card
$42,2962.75%
Auto Loan
$200,0006.0%
Mortgage
$7,7539.125%Boat Loan
Math – Working For or Against Us?
Strategic Payoff Example
What is the best way to use $5,000?
Strategic Pay Off Example
Strategic Pay Off Example
Financial GPS
Imagine using a Smart Money System that shows you how to keep more of your hard earned money
and put it to work for you.
Financial GPS
26
Why does this work?The 3 Power Principles of Money
• The Time Value of Money•Who is your $$$ working for?
• Strategic Payoff•What is the fastest path to zero debt & wealth creation?
• Consequences of our $$$ Decisions•We need a financial dashboard.
All Managed by Highly Sophisticated AlgorithmsWith real time fluid results and positioning.
Cancel Debt, Increase Equity, Build Assets
A Tale of Two BrothersA Tale of Two Brothers
27
Brother A: Opens a tax-deferred account at 10% at 22, and invests $5,500 a year for eight years, then stops investing.
Brother A
Age PaymentEnd of Year
AccumulationAge Payment
End of Year Accumulation
22 $5,500 $5,500 48 $0 $416,589 23 $5,500 $12,100 49 $0 $458,248 24 $5,500 $19,360 50 $0 $504,073 25 $5,500 $27,346 51 $0 $554,480 26 $5,500 $36,131 52 $0 $609,928 27 $5,500 $45,794 53 $0 $670,921 28 $5,500 $56,423 54 $0 $738,013 29 $5,500 $68,115 55 $0 $811,814 30 $0 $74,927 56 $0 $892,995 31 $0 $82,420 57 $0 $982,295 32 $0 $90,662 58 $0 $1,080,525 33 $0 $99,728 59 $0 $1,188,578 34 $0 $109,701 60 $0 $1,307,436 35 $0 $120,671 61 $0 $1,438,180 36 $0 $132,738 62 $0 $1,581,998 37 $0 $146,012 63 $0 $1,740,198 38 $0 $160,613 64 $0 $1,914,218 39 $0 $176,674 65 $0 $2,105,640 40 $0 $194,341
Total Contributions$44,000
-----------------------------------Total Accumulation:
2,105,640
41 $0 $213,775 42 $0 $235,153 43 $0 $258,668 44 $0 $284,535 45 $0 $312,989 46 $0 $344,288 47 $0 $378,717
This page is intended for education educational and informational uses and is not offered as or constitutes legal or investment advice. All figures are for illustrative purposes only, and do not reflect an actual investment of any product. Figures do not
reflect the performance risks, expenses or charges associated with any actual investment. Past performance is not an indication of future performance.
Brother B: Waits until he is 29, then invests $5,500 a year into a 10% tax-deferred account until he is 65 years old.
Brother B
Age PaymentEnd of Year
AccumulationAge Payment
End of Year Accumulation
22 $0 $0 48 $5,500 $343,154 23 $0 $0 49 $5,500 $383,519 24 $0 $0 50 $5,500 $427,921 25 $0 $0 51 $5,500 $476,763 26 $0 $0 52 $5,500 $530,489 27 $0 $0 53 $5,500 $589,588 28 $0 $0 54 $5,500 $654,597 29 $5,500 $5,500 55 $5,500 $726,107 30 $5,500 $12,100 56 $5,500 $804,768 31 $5,500 $19,360 57 $5,500 $891,295 32 $5,500 $27,346 58 $5,500 $986,475 33 $5,500 $36,131 59 $5,500 $1,091,173 34 $5,500 $45,794 60 $5,500 $1,206,340 35 $5,500 $56,423 61 $5,500 $1,333,024 36 $5,500 $68,115 62 $5,500 $1,472,376 37 $5,500 $80,977 63 $5,500 $1,625,664 38 $5,500 $95,125 64 $5,500 $1,794,280 39 $5,500 $110,688 65 $5,500 $1,979,758 40 $5,500 $127,807
Total Contributions$203,500
--------------------------------------Total Accumulation:
$1,979,758
41 $5,500 $146,638 42 $5,500 $167,352 43 $5,500 $190,137 44 $5,500 $215,201 45 $5,500 $242,771 46 $5,500 $273,098 47 $5,500 $306,458
28
True Cost – Our consequences
29
30
31
Features and Benefits of the Money Merge Account Version 4
• Best Time to Buy• True Cost• Strategic Debt Elimination• Aggressive scale• Access from cell phone via text• Pay bills • Full, Semi, or optional Automation• Access from any internet connected computer• Works on Mac and PC• Tracks Multiple Loans & Investment Properties
“We are losing our middle class, and a shrinking middle class is a threat to the stability of America and to the world democracy itself.” Donald Trump & Robert Kiyosaki
Is your current plan working? “Should you find yourself in
a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.”
Warren Buffet
33
The Next Step is to Get your FreeMoney Merge Account Software Analysis
Generic Analysis #1 Mortgage - $197,500 Credit Card 1 - $7500 Car Loan - $40,000 Credit Card 2 - $5000 Furniture Loan - $2850 - 2 5 2 ,8 5 0T o t a l D e b t s $
Pay-off with the MMA = 9 .9 y e a r s
1 4 8 ,3 3 8 S a v e s $ in in t e r e s t
Only uses $200 per month discretionary income
Side by Side – Analysis #1 Current Debt Structure
Principal Paid Year 1 - $12,916 Year 2 - $26,770 Year 3 - $41,184 Year 4 - $55,613 Year 5 - $59,370
Money Merge Structure
Principal Paid Year 1 - $21,019 Year 2 - $41,569 Year 3 - $63,514 Year 4 - $86,823 Year 5 - $111,570
Time Value of Money – Analysis #1 Once paid off, amount of
money in the bank for retirement at the end of the 30 year period of time:
Current Structure 0 (Zero)
Once paid off, amount of money in the bank for retirement at the end of the 30 year period of time:
Money Merge Structure $ 858,565 @ 3% $1,063,774 @ 5%
Generic Analysis #2 (U First Agent) Mortgage - $197,500 Credit Card 1 - $7500 Car Loan - $40,000 Credit Card 2 - $5000 Furniture Loan - $2850 - 2 5 2 ,8 5 0T o t a l D e b t s $
Pay-off with the MMA = 4 .8 y e a r s 1 9 0 ,7 9 6 S a v e s $ in in t e r e s t Based on just 2-3 sales per month as a U First Agent Added $3000 per month to discretionary income
Side by Side – Analysis #2 Current Debt Structure
Principal Paid Year 1 - $12,916 Year 2 - $26,770 Year 3 - $41,184 Year 4 - $55,613 Year 5 - $59,370
Money Merge Structure
Principal Paid Year 1 - $33,719 Year 2 - $78,265 Year 3 - $146,472 Year 4 - $212,816 Year 5 - $256,350
Time Value of Money – Analysis #2 Once paid off, amount of
money in the bank for retirement at the end of the 30 year period of time:
Current Structure 0 (Zero)
Once paid off, amount of money in the bank for retirement at the end of the 30 year period of time:
Money Merge Structure $2,475,426 @ 3% $3,276,383 @ 5%
In T h e la s t T w o Ye a r s W e In T h e la s t T w o Ye a r s W e H a v e H e lp e d H a v e H e lp e d
O u r C lie n t s P a y D o w n O u r C lie n t s P a y D o w n
of A d d it io n a l A d d it io n a l P r in c ip a l P r in c ip a l on their
Mortgages Results as of June 26, 2008
62
United First Financial
Becoming a U First Agent United First Financial $175 one time fee
Income potential: $450 to $1500 per sale Plus Marketing Bonus Agent Overrides Branch Manager Training Bonus Pools
Ready to Get Started? Simply get back to the U First Agent who referred
you to this presentation. Get your questions answered. Get your own FREE anaylsis. Get started saving $$$ Get started making $$$ Get started helping others! “ It is one of the most beautiful compensations in life…that no
man can sincerely try to help another without helping himself.” Ralph Waldo Emerson
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.