They provide more than authors with over 1, wealth building and personal development programs. Covey, Jay Abraham, Robert Kiyosaki and hundreds of others. That is double-your-money-back guarantee. Remember, this program by John Cummuta is jam packed with helpful advice, examples and motivating real-life tips to help you meet your goals!
Mike Green has reviewed countless guru offers for The Top Reviews and enjoys testing home business products to determine which ones work, and which ones don't. ArticleBiz Articles Browse categories Keyword search. Submit article. View author's other articles. Rate article 1 2 3 4 5. The easy fundamentals of wealth building.
The lucrative secret of Dollar Cost Averaging. Potential monthly income - John does not claim to any specific figure that you may earn on a monthly basis. But he does guarantee that if you use his workbook you will surely get debt free. If your debt situation is very bad then the process can take up to 5 to 7 years. Participants must purchase the program in order to calculate their own specific out of debt date for themselves - and then follow the program exactly as outlined in order to ensure its success.
Legitimacy - The course offered by John M. For 40 years people from around the globe have been turning to Nightingale-Conant to enhance their Personal Success! They provide more than authors with over 1, wealth building and personal development programs. Covey, Jay Abraham, Robert Kiyosaki and hundreds of others. That is double-your-money-back guarantee. You can't lose in this bargain. Remember, this program by John Cummuta is jam packed with helpful advice, examples and motivating real-life tips to help you meet your goals!
Editorials » Business Resources » Managing Debt ». Most Popular. Importance of money. Factors Influencing the Outsourcing Decision. Just a huge mortgage payment. This is a clear case of misdirection.
I could pay off a year mortgage in one week if I just had one more payment left on it. I've talked to several financial advisors over the last few weeks, and they know all about John Cummuta's scheme. It's not a scam in the true sense of the word. It does work, or rather, it can work if you have the money. But therein lies the rub, as you'll see later on. The plan is based on the principal idea of debt snowballing. You list all of your debts, smallest to largest, and then commit to paying them off one by one.
You pay the minimum on every debt except the smallest, to which you pay as much as you afford. When that's paid off, you add the money you were formerly paying on the smallest debt to the next-smallest debt, and again pay as much as you can afford.
This creates an avalanche of money that consumes the debts as each one is paid off. It also gives you great satisfaction as you check each bill off your list. Now, what I have just told you is the essence of the John Cummuta plan, a plan that costs a lot of money.
It could be more or less now; they may test different price models in different areas at different times. Does it even work? Yes and no. Let's model a debt plan using John Cummuta's method. I will use the median U. And I will add some average debt, like credit cards and car loans. These are all based on averages I found. Some people have much more debt, including student loans , home equity loans, and so on.
But we'll keep this simple. Here's one I created using a debt snowball calculator online. Adding no extra payments and using the figures above, it came to months to pay everything off. That's nine-and-a-half years to be debt free. Not bad, and that's just using the money you earn right now. Something tells me you won't be adding much to your savings plan over the next 10 years.
You'll be debt free in five years! These are all just examples done with average U. You may have more debt and more income. You may have less debt and less income. But the Cummuta plan seems to be one of extreme sacrfice to the point of having no life at all. If you want to become debt free in five-to-seven years, you'll have no social life, food will be scarce, you won't be able to afford to drive anywhere, no one gets gifts , clothing is out, and you may just lose your sanity, too.
Yes, debt snowballing is a good idea. I think it's a good way to pay off debt, if you do it right and set reasonable goals. But you don't need to pay John Cummuta hundreds or tens of thousands of dollars to figure it out. And please, don't set yourself a goal like five years unless you have some major income left over each month that you're stashing in a Swiss bank account.
Be careful everyone. Do your research on John Cummuta and other debt programs before you hand over your precious money to anyone. These debt elimination plans seem to be good for one person and one person only — the one selling them to you.
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I actually thought John's program was the better of the two. I thought it was interesting that the author criticized Cummata's commercials for being "loose" with the numbers, but the author himself wasn't altogether spotless.
As a financial planner, I can tell you that I can get numbers to say almost anything. To critique the plan using numbers that you made it is a little underhanded to me. I'm not saying that Cummata's program should be bought, and some of the assertions may be true; but, apparently this review isn't even based on Cummata's program but on programs like his, even though Cummata is singled out. Great article. For some people, it could be worth it, but most of us want to have a life that doesn't feel like prison.
I completely agree. I tried doing some research because I was wondering how he could get away with stating that you could pay your mortgage off in 3 years. Yes, it can be done BUT like you said, it's going to take a lot of money, even if you make a healthy amount of money. While I haven't tried his program, I was thinking about attempting it. I have right at k of debt, with no mortgage. It's split evenly between credit cards and student loans. I will be free of credit card debt within the next 2 months.
At that point, I will have 50k of debt. I think the debt snowball is ok, but my way is better. I don't know about this John person, or what he's offering, and I don't care to.
Is it possible to get out of that much debt in his allotted time frame? I don't care what your calculator says. I'm not financially stupid, I have an MBA in Accounting- for those thinking I'm stupid for having that much credit card debt, I'm stupid for allowing my then wife to manage my money! John Cummuta not only defines our major obstacles in achieving financial security; he gives us the transportation vehicle to take us from "over the rainbow" to the actual realization of the American Dream.
Thanks to your systems I have already gotten out of debt and have built equity and wealth for my self and family.
I have even started my own business which is exploding in growth. By faithfully following the things I learned form you, I was quickly able to pay off all of my debts including my school loans, my two credit cards and my car, and I was able to put together a decent down payment to buy a home with an FHA loan.
I just wanted to let you know my wife and I are now taking the next step in our wealth-building plan We thank God for you! And we thank you for all you taught us about freedom from debt and building wealth. He's a best-selling personal finance and small business author, having taught more than 3,, people, all around the world, through his books, courses, videos, audios, software, webinars, and live seminars, including 13 with Tony Robbins Wealth Mastery Program.
One of his businesses was selected to Inc. Magazine's prestigious Inc. Toggle navigation Main Menu. Previous Next.
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