Is the Money Merge Account a Scam? Is There an Alternative?

Money seems tricky. The rules of the game are not widely understood. That's why companies can create products to fill the gaps in human intelligence. We all like the idea of someone else doing the hard stuff, someone else doing our dirty work.

Nonetheless, most of us learned a few simple rules of math long, long ago: 1 + 1 = 2. 2 x 5 = 10. Easy, once you see how it works.

It's similar with paying off your home years sooner, years and years sooner if you want to let your house pay for itself. It's just math, not hocus pocus or a "man behind the curtain."

Instead of leaving your money in your checking account all month where it does little good besides waiting for checks to clear, that money–your income–can be applied to your home mortgage, albeit it a circuitous fashion.

Don't panic; it isn't hard. I've been doing this on my home for several years now. Just my first two years doing it, I knocked $70,000 off my mortgage payback.

The reason I emphasize it's simple math is that I get at least half a dozen questions a day about whether United First Financial's Money Merge Account is a scam. I've written several articles and other blog posts on why I think people ask about possible fraud. As far as I can see, UFF is a capitalistic enterprise with a good idea. I've read no proof the organization, or its MMA, is a scam.

I've been equally candid that you don't need a high-priced money merge account to move your money from one account to another that is more advantageous to you. Instant online transfers are readily available. Banks and large corporations do it all the time. If money is in Box A with no value but sitting there, Box B has a value of 4% compounded annual income or Box C has the benefit of preventing charges of 6.5%, why wouldn't an intelligent person just move money from Box A to Box C? Using math that is this simple, you can pay off your home years sooner, often in about a third the time. It's just common sense.

And read more about paying off your home in about a third the time from co-author of Let Your Morgage Make You Rich! Free confidential personal finance letter available as well.