[willowstudios]

I just went to the site and looked it up - after the first free year it'll be $173/yr. That means it'll cost a total of $1384 to use the system...ok, that's not great. But, it's better than $3500 up front - that's from the United Financial people.

Also, if you send your discretionary income without the HELOC it's not the same! The whole point of this system is to use the banks money for years and years to pay down your 1st mortgage at LESS than the interest rate of your 1st mortgage.

The HELOC is calculated daily, so you use the money and then pay it off with your income from paychecks. Over the life of you paying down the 1st mortgage it amounts to TONS of savings that you simply can not do without "borrowing" the money from a HELOC. I'm NOT an expert at this, but I quite honestly do understand the software even though it seems complicated at first. There are videos available when you log in that walk you through the setup process. I've finally inputed all my finances and what's great is I can re-calculate everything based on what I want to spend or don't. It's not like any other software that I've seen and I've tried all the major software out there (Quicken etc). There are tabs where you input everything and then there are charts and forecasts. You can change things to adapt when life changes - like you need $1000 for something out of the blue. If you put that in you can see all the changes that will occur. Yes, I realize that Excel can calculate things in whatever way it does - but, it CAN NOT do what this software does without some Math guru creating a spreadsheet. I have Quicken and it simply does not have any way to trigger and keep track. Maybe if someone spent the time to make an Excel spreadsheet to do all this stuff I would give it a try it, but i haven't seen any freeware out there! All I can say is you need to see it.

I highly suggest you guys spend $25 on the book if you're even remotely curious about the system - OR - sign up for the free Webinar from Speed Equity. Every question you have he'll answer - I'm not a financial guru. (I just pretend on tv)

Seriously, this is one of those circumstances where you need to experience something before you go around talking like you know. It's NOT as simple as just sending money back and forth - it's system that's all about triggering, borrowing and being diligent about not spending what you don't have..

I'm not doubting that simply making extra payments will reduce the length of your mortgage. However, all the research I've done for a whole month points to this system being far superior to just throwing money at random to your principle. That isn't as effective over time like this systems seems to be.

One last thing - who the heck said anything about magic? It's a stupid piece of software that does calculations that help pay off your mortgage in record time. Why is that so magical? It's like we're in middle school here? I'm trying to share information about saving money! This system is becoming the hot topic on forums all over the web, so you might want to Google it and not spend all your time focused on naysayers slamming it who haven't even used it!