Total Financial GPS

I recently found a website that I found interesting. Total Financial GPS, is a site that is powered by the Finish Wealthy Group. Their program allows for the real time day to day tracking of all your financial events by PC, tablet or smart phone. From first blush, it appears to be very similar to John Cummuta's program. According to the website, all you need is an active checking account and some money left over at the end of the month. O.K., so that sounds like pretty much any basic approach to eliminating debt. So what makes this program so special? Let's take a look at their website again shall we? What does it say?

We've developed a comprehensive system of accelerated debt repayment. We employ multiple strategies and proven methods to calculate your Personal Debt Solution™ Your PDS will clearly define an accelerated repayment plan for all your debts including your home loan(s). We'll help you setup and fund an Emergency Cash Account as well as provide the guidance you'll need to save for college expenses and plan your retirement. Your PDS will even help you track your investments to guarantee that you're meeting your goals. If that isn’t enough, you'll have access to all the budgeting and decision making tools you'll need to insure your success. Join us free for 7 days. Let us show you why everyone should have a Personal Debt Solution™.

We can help you save thousands of dollars in interest charges, and become debt free in a fraction of the time. All this and a higher credit score too!
- Total Financial GPS

O.K., sounds like they are, as Dave Ramsey would put it, worshiping at the altar of the FICO. Hmmm, I want to know more. From what I have observed, they don't seem to be a part of the Money Merge Account, type of debt elimination program. They even have a letter from The Idaho Attorney General warning of such "scams." Still, I have questions, but my interest is piqued, so I continue digging through the site where I found several Dave Ramsey videos posted on the site. I don't think that Dave endorses them, but they do seem to like his personal finance advice. At least in some areas. One thing, I can say right off the bat though, is that I dislike was the $997 price tag. I mean, why so much. Especially for people who are in debt, that seems like a budgetary item that could be avoided.
I asked a representative of theirs this question, and his reply was as follows....

Prince
I have worked out a deal with my people where we have one of 2 options for the end user.
1.They go through the website and it is $997 for a lifetime.
2.they go directly thru me and it cost them $497 lifetime.

Then we have the Corporate incentive program.
We have made a few adjustments to our Corporate Incentive Program. As an agent you have the option to sell the program to end users, non profits and of course businesses.

Here is a sample overview of the revised CIP program including prices for businesses. We want to make sure that ALL business professionals can afford this program and utilize it to benefit their clients. Some businesses will want to give out hundreds a year while others may only want to give out 2 or 3 a month. Our packages now allow for this. We have also added a lifetime license for those businesses who may want to give it out to all of their clients, employees etc.
http://finishwealthyincentive.weebly.com/pricing.html
I hope this is not confusing.
- Greg

From what it sounds like, as I read through the site. You are basically hiring a "money coach," to go beside you as you make every decision, and help you get out of debt. Someone, who will help you see the mistakes you are making, and correct them, so that you might avoid them in the future. Their promise is that they want you to be successful in your debt elimination.

We pledge to assist you in the planning, development, and funding of an Emergency Cash Account as a priority.

Prudent financial planning requires that money be set aside for emergencies. These emergencies would be significant events such as job loss, medical emergency, or catastrophic property loss. The conventional wisdom is, and we agree, that liquid funds in an amount equal to 3 months wages, is the minimum amount for your safety net. With the uncertainty in the job market today, 6 months wages in an ECA will add a much needed margin of safety. Your PDS will help you fund up to 6 months wages in your ECA.
Total Financial GPS on Establishing and ECA

While, it may be something that will work, and worthwhile for those in the upper middle class (but in debt), it is not in my budget. Feel free to take a look, do your homework and see if it is right for you.
---
go ahead share your thoughts with me now, my ears are open. I'm always eager to hear what you think.

follow me on Twitter and facebook

---

---

---

austin bloggers

Powered By Ringsurf