How To Pay Off Your Mortgage in 5-8 Years – A Review of Financial 101

Want to learn how to pay off your mortgage in 5 to 8 years?

…read this review of Financial 101

…so my husband says an administrator of one of the facilities he visits invited him to attend a financial seminar at someone’s house…

…bells are going off in my head…

Why would anyone do a financial presentation at their house?

…I asked him “Is this an MLM?”…

…my husband Jomel says “it’s a class on money and investing and it was an hour long”…

…so we all just went, and I literally just got back to write this blog about it…

…it was a company called Financial 101

…similar to Sweep Strategies, they help you learn to budget money, save, and restructure debt so that you can pay off your mortgage faster…

…then they help you invest in other properties for rental income…

Here is my honest review of Financial 101

REVIEW OF FINANCIAL 101

…so, the presentation is very informative for most people who do not understand interest rates, debt and money management…

…it discusses the advantages of paying off high interest debts as quickly as possible, to save lots of money in interest…

…and also shows people how to tap into the equity of their home to pay down the principal of their mortgages faster…

…instead of putting their money in a checking account, they put it in a line of credit and pay all of their bills from that instead…

…this saves money on interest that they would have had to pay towards their mortgage…

…they also teach how to responsibly use credit credit cards to earn points and other benefits…

…and also save even more interest on their mortgages…

PROS

Financial 101 helps people manage their money with their own coach and a structured program…

…and there are plenty of real life stories of people who took the course and it changed their lives…

…the story that I saw was from a couple that went from a $5,000/mo mortgage to now having no mortgage…

…not sure of the time frame or how much they owe on their line of credit, however, looks like they are doing better financially because the husband can build custom cars for a living instead of working a job…

…the lady who did the presentation was named Shantell, and she also had a great story of how her family went from being very poor to now traveling the world and owning her own home and car with no debt, and now owning investment properties and qualifying for Private banking…

…they have a beginner course which costs $199 which helps people get control of their spending and their cashflow, especially if they have negative cashflow (spending more than they are making)…

…then if they want to go to the next level, which is Financial 100, the $199 goes towards the cost of the 2nd course which is $1,499…

…Financial 100 teaches how to do automatic savings, and have a savings buffer…

…how to budget for future savings goals, and to be able to look at finances 3 months ahead…

…if you graduate within one year of Financial 100, they let you use the tuition to pay for Financial 101, which costs over $3,000…

…in Financial 101 you apply for the line of credit that you use as your checking account to deposit your paychecks and pay your bills…

…the advantage of using a line of credit as your checking account is that the same line of credit is used to pay down the principal of your mortgage…

…which saves money in mortgage interest…

…as the line of credit is paid down, there’s room to invest in investment properties…

…for people in Hawaii who tend to have high mortgages, and also credit card debt, this program can be very helpful in not only paying off debt, but also creating real financial wealth…

…in addition, they help people pay their tuition with the savings that they make from the saved mortgage interest…

CONS

…there aren’t that many cons that I can see with the program…

…the first that I noticed was that they talk about an emergency fund, and I think it’s wiser to save for different reasons, click here to learn more about why I would never have an emergency fund and better ways to strategically save your money

…the second is that if you already know what they are teaching, you don’t really need to take a course…

…I’m not sure if it would be cost effective if you had no mortgage or no debt and are already saving a lot of money, and already have investments making you passive income…

Conclusion

…I think for most people Financial 101 would be that financial education that we all needed to learn in school, and yet no one taught us…

…my husband and I are going to do the free assessment…

…and we get no financial benefit if you do decide to take Financial 101 courses…

…this is an unbiased 3rd party review…

… CLICK HERE to get your free assessment and check out Financial 101 for yourself!

What do you think?  Leave your review of Financial 101 in the comments below!

P.S.

I love blogging and helping others find financial freedom!

…is there something that you are passionate about, and that you could teach others?

…I suggest you consider blogging…

CLICK HERE, enter your e-mail, and watch the free video to learn more!

How Do You Prepare Your Kids For Financial Freedom

 

…Mey here blogging on a beautiful and breezy Sunday evening, daddy’s got Benji playing on the Ipad with Jordan, giving me a little time to do my daily blog on the important topic How Do You Prepare Your Kids For Financial Freedom

…the main skills you need is to save money and to invest it wisely, and also to control expenses…

…so how do we teach this to our children?

…as a couple, we have set up a HUTMA (trust account for minors) for our 2 year old son Jordan, and already invested most of it in a 1 year 3% bond…

…we hope to teach our son responsible use of his money be giving him an allowance and having him learn to save and spend wisely…

…and we are keeping his money in a HUTMA for him to manage when he is 18 years old…

…we hope to have him start making management decisions earlier than at 18…

…we believe that giving our kids the freedom to learn is the only way that they will learn…

…I’ve seen some parents that pay for everything their kids want, let them use a debit card and when they go overdrawn, just give them more money…

…these parents often wonder how they are going to teach their children successful money management…

…I wonder why they don’t just let their kids get a part time job and handle their own account!

…and if they run out of money, they run out of money, no need to give them anymore!

…that’s just my opinion though…

…what’s yours?

…how do you teach children to be financially free?

 

P.S. I blog about Financial Freedom because I love it…

…I love it so much that I blog about it 6 days a week…

…and it only takes me an hour and a half a day, and also helps me make money on the side too…

…you may be surprised at how much money you can make blogging about what you love…

CLICK HERE , watch the free video, and get started!

7 Key Steps For Married Couples to Become Financially Free Together

…Mey here on a dark Saturday evening after a nice day with my family blogging about the 7 Key Steps For Married Couples to Become Financially Free Together

…a lot of people will joke around about marriage, in that the wife spends all the money the husband makes and so on…

…yet, married couples are more likely to become free because they are a team, a mastermind…

…two heads are better than one…

…so, go ahead and read on and make sure you follow to 7 key steps for married couples to become financially free together

 

Key #1 Saying I Do want to Be Financially Free

…the first key is to actually decide as a couple that you want to be financially free…

...say I DO to financial freedom and that you want it together…

…many couples never do this, never make this pact, and yet, it is Key #1…

Key #2 Divide and Conquer Your Money and Accounts

…some couples throw all their money into one joint account and even though this may seem simple, it actually makes it really hard to manage where you want your money to go…

…there are a lot of different ways to manage your money and we use the Jar System from T Harv Eker

…in this system, you have a financial freedom account already established so you can just follow the system and make it happen…

Key #3 Give Your Spouse Freedom To Spend

…it’s important that both spouses have some freedom to spend on whatever they want…

…this can be accomplished by having each spouse have their own personal spending account…

…if one spouse works as a housewife or househusband, then give that spouse an allowance so that they have their own money…

…most housewives and househusbands are estimated to give about $100,000/year in services (if you were to pay someone else to do all that they do, that’s roughly the figure)…

CLICK HERE for a post I wrote on how Moms Can Become Financially Free

Key #4 Communicate About Your Financial Goals

…when you want to buy something, or go on a trip, or whatever it is…

…if it isn’t coming out of your personal money, and it is going to be a joint expense, communicate with your spouse about it…

Key #5 Respect Your Spouse’s Decisions

…if you want to spend the money in the joint account on a trip to France, and your spouse wants to trade in your car instead, then respect each other and know that you are not going to spend the money until you are in agreement…

Key #6 Enjoy Your Money Together

…the joint accounts are for your marriage, your love for each other, to be spent and a couple…

…make the process fun and happy…

…enjoy your money, and the process of making financial decisions together…

…enjoy the negotiation, and love your money…

Key #7 Monthly Check In Together

…every month see how you are doing…

…did you save like you planned…

…are your investments making passive income…

…are your expenses going down or at least staying the same…

…plot your progress until your passive income finally exceeds your expenses and you both are free!

Conclusion

…getting married is a blessing and if you manage your money properly, you will become financially free together!

…I hope you enjoyed this post…

…tell me what you think in the comments below!

…as you can tell I love my husband and I love sharing knowledge on Financial Freedom…

…do you have something that you are passionate about?

…ever consider blogging about it?

…you might be surprised on how much you can make doing it!

CLICK HERE, watch the free video and make your decision to get started =)