I am not trying to take sides here at all. Jumby you don’t come across as trying to sell anything, seems like you were soliciting opinions…however the minute I was turned onto the product I felt it was simply nothing more then a ruse to sell HELOCs.
I was turned on to it when an old high school buddy who I had not heard from in 20 years somehow found me several months ago… after 10 minutes of catching up he mentioned the school for Noveau Riche and the MMA program and was trying to get me to join the sales force.
After he told me about this program I simply said I could do better by just paying down my nut early and having a diligent budget. Why not do that instead of using a HELOC to do that? He came up with alot of ideas, such as the HELOC forcing discipline, increased writeoff, etc…
I laughed and reminded him I was an engineer before I was a Realtor and that programs like this don’t offer my clients any better advice then I could give them with a simple XL spreadsheet, some common sense, and my program is free…I guess he didn’t think it was to funny.
