Review: John Cummuta

I have noticed a lot of people visiting this blog using search terms in one of the search engines, of John Cummuta scam. John's course is NOT a scam. To call it a scam is to call Dave Ramsey a scam. They are both basically the same course. Some have mentioned John's radio, ads, mentioning paying off mortgages in 2 and a half years. Listen carefully, he does not say that. He says under 7 years. One the students in his ad says he did it in 2 1/2 years. Below is my review of the program

As I have said in several posts before, I really like John Cummuta's way of approaching the average consumer debt problem. He sells an information product and a computer software program called 'Transforming Debt into Wealth'.

However. I don't think the price he is asking for his seminar is reasonable at all. I would not charge a customer 300 dollars to tell them to cut up there credit cards. The problem is that most people will not really learn about their deeper financial failure in this manner. If you decide to spend 300 dollars, I would recommend that you buy and study Dave Ramsey's Financial Peace University.

John Cummuta's seminar is really very good, especially the audio series. It is an excellent series for the family that is learning to become more frugal and more waste conscious. He goes over the basic ways to cut corners and make ends meet. His primary 'system' which includes his software is called the 'Accelerator Margin' principle (Note: It is very Similar to Dave Ramsey's Debt Snowball -- only the priortization differs). It goes something like this:

When you have debt, you should take 10% of your monthly income and pay the debt determined by his software program. You put all of that amount on the debt in question, every month, until it is paid off. When you have paid that off, you add the monthly payment of that debt to the your accelerator margin and start paying the next credit card (or debt) off. And so on. Your accelerator margin keeps going up as you add the monthly payments of credit cards (or debt) you have paid off. When you are done with that, you start paying off your home mortgage. (If you plan to stay in the house).

Its not a bad system at all! It's also not really his. I've seen it around in a few other places, in various other forms. He simply lays it out really well. Would I pay 300 bucks to learn it? Nope. Even so, I really really like Mr. Cummuta. He is a friendly person and an excellent speaker, I will give his program 4 stars.



John's Bio:

Entrepreneur - starting more than a half dozen successful businesses, one growing from his kitchen table top to $23 million in annual sales and 130 employees.

3-time Inc. 500 CEO. (Inc Magazine’s list of 500 fastest growing private companies in America)

Manager of several radio stations, including VP/GM of WCFL in Chicago

Operations Manager for National Religious Broadcasters association.

National Marketing Director for several nationwide direct marketing companies.

Membership Marketing Director for half million member national association.

Author of Customer-Focused Direct Marketing book.

Author of Sales Machine Marketing System book.

Author of Wealth Machine audio learning program

Author of The Power of Perpetual Income audio learning program

Author of People Skills For Pros video training program.

Author of Debt-FREE & Prosperous Living® Basic Course.

Author of Transforming Debt Into Wealth® multimedia learning program.

Co-creator Sales Machine™ sales and marketing PC software program.

Co-creator DebtFree™ for Windows® debt-elimination PC software

Marketing and Management columnist for Radio World magazine - 12 years.

Echo and Caples international direct marketing awards.

"Who’s Who in Sales and Marketing" since 1987.

On-air radio host for more than a decade.

Debt-elimination and wealth-building seminar instructor for more than a decade.

Certified Seminar Leader - American Seminar Leaders Association.

Certified Internet Webmaster - CIW Certification Board.