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  • Mark July 15, 2008, 8:23 pm


    Would like a copy of spreadsheet. I was just introduced to MMA and am not convinced. They tell me I can pay off 295,000 balance along with 70K in interest on top of that in 8.3 years. The numbers just don’t add up and they keep pointing to the complicated math formulas and the Heloc to accomplish.
    Without dumping in lots of extra cash which I don’t have, only about $350 extra a month, it just doesn’t compute. They sware it will work but I am skeptical.


    Mark in Naples, FL

  • JOE July 15, 2008, 9:42 pm

    No, it makes no sense. A new mortgage of $295,000 at 6%, has a payment of $1768.67. The $350/mo extra will cut the time down to just under 20 years. Not bad, but the classic MMA hyperbole wants you to pay an extra $1000 against a regular payment of $1200, nearly twice the payment to get the mortgage paid in 10 years.

  • JOE July 17, 2008, 4:28 pm

    Greg – I am on the fence. I can understand that it CAN work. The earlier in the month one is paid and the later in the month the bills are due will create more savings. I find it curious that the MMA examples I find online, by UFF itself, show no savings at all from the HELOC. On your site, the HELOC use is responsible for just over 1% of the total savings compared to no HELOC at all. I think your site is honest and worth viewing. I also think that UFF uses hyperbole and implies some magic to HELOC which just isn’t there.

  • Greg July 17, 2008, 4:09 pm

    The “HELOC Shuffle” does work and it can (I emphasize “can”) be more effective than regular extra payments. Mark, if you want to enter your numbers and see the details of the work, go to http://www.mydebteliminationcalculator.com and try out my software (for free) to show you the results that are possible. The results will also show in all their gory detail each transaction (and there tend to be a lot of them.) You can follow them one at time as see how the system is working. You can also compare the results versus an amortization schedule with the regular pre-payments from an online calculator and see how the HELOC based system nibbles away at the debt usually a little bit faster.

    Joe, I used to have the same opinion you do. Then I built my piece of software to see for my self. The system isn’t perfect – there are risks as I have seen you bring up in other blogs – but it does actually work.

    Also, Joe. Nice site.

  • M. Kuzmits July 3, 2013, 9:16 pm

    Would appreciate a copy of your spreadsheet, if still available.
    M. Kuzmits

  • Joe July 3, 2013, 9:26 pm


  • Ana June 30, 2016, 12:40 pm

    Hey Joe,

    I’m about to turn 30 have A LOT of student loan debt and just bought my first home; needless to say I am overwhelmed by the amount of debt I am now carrying and can’t see me being done paying it off until the year 2999. Is your spreadsheet still available? I could really use a resource like that.

    Thank you,


  • Joe June 30, 2016, 12:48 pm

    First link at the page http://www.joetaxpayer.com/money-merge-account-links/ but keep in mind, you should ignore the idea of extra payments on the mortgage for now. Take every extra cent you can afford, and simply apply it to the highest rate loan.

  • Ana June 30, 2016, 3:07 pm

    Thank you Joe! I will definitely start there. Just an FYI, today my Lyft driver pitched me on the Worth Unlimited program but, being a sales person myself, I was apprehensive and went online to research. Lo and behold I found your site. I really appreciate your perspective, advice and resources. Thanks again!

  • Joe June 30, 2016, 3:31 pm

    Yup. Same program. I’d saved countless readers $3500 and a waste of their time. The spreadsheet is free and I have no tip jar. When people ask if they can send me something I tell them to donate money to their local vet’s shelter. It’s amazing how this scam is still going.

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