What is the Worth Account?
Speedy Debt Repo offers a program called The Worth Account. It is an online, personal education and financial system. The Worth Account pulls all of your financial accounts into one central location and uses advanced financial strategies to create the most effective, tailor-fitted strategy to help you achieve your goals of freedom from debt.
Is there anything you could compare the Worth Account to?
Of course! I like to compare it to a GPS device. A GPS calculates where you are on planet Earth and then plots out the fastest, most efficient route to your destination. If the GPS doesn't understand where you are, it can't give you instructions on how to get to your destination. Therefore, the instructions the GPS gives you must be specific to you; they must be personalized.
Now, let’s pretend that your GPS gives you instructions on how to get to your destination (Disneyland, we'll say), but instead of turning left like the GPS told you to, you turn right. What good would the GPS be if it just pretended that you had turned left and kept going with the same instructions? It would be worthless, right? In order to be effective, the GPS must also be dynamic, meaning it has to adjust to changes that might happen.
It's also important that you are still in control of your vehicle. Although the GPS is giving you instructions, you are still the one driving. If you want to take a detour to see the world's biggest ball of string (which is in Valley View, Texas, in case you were wondering), you can do that, and the GPS will recalculate and give you new instructions on how to get to your ultimate destination.
Getting to Disneyland is similar to getting out of debt. If you want a debt elimination plan to help you get to your destination as quickly and efficiently as possible, it needs to be customized to your particular situation, and it must be dynamic. There are plenty of debt elimination plans out there, but they aren't customized to your specific financial situation, and/or they don't adjust their plan when things change in real life. This is why Speedy Debt Repo can help you!
The program calculates where you currently are based on your financial situation and uses that information to create a personalized set of instructions that shows you the fastest, most efficient way to get to your destination of zero debt. If something unexpected happens with your finances, like an unexpected doctor's bill or a bonus check from work, the program will adjust its instructions so you have a dynamic plan that adjusts for the ups and downs that your finances go through every month. Imagine having a GPS device that not only told you what roads to take and where to turn, but also told you how fast your particular vehicle could drive at any given time based on road conditions, weather, time of day, etc. to get you to your destination as fast as you could! That's pretty much what the program is doing. Only by having a personalized and dynamic plan can you save the most interest and time possible on your debts. And just like with a GPS, you are still in the driver's seat.
The program gives you instructions, but you still decide what you want to do with your money. Want to buy a new barbeque grill? The program will simply recalculate the plan with that new purchase. Want to go on vacation to Fiji? Simply tell the Worth Account how much money you'll need and when you'll need it, and it will recalculate the plan. With the Worth Account, you are always in control of your money.
Now, let’s pretend that your GPS gives you instructions on how to get to your destination (Disneyland, we'll say), but instead of turning left like the GPS told you to, you turn right. What good would the GPS be if it just pretended that you had turned left and kept going with the same instructions? It would be worthless, right? In order to be effective, the GPS must also be dynamic, meaning it has to adjust to changes that might happen.
It's also important that you are still in control of your vehicle. Although the GPS is giving you instructions, you are still the one driving. If you want to take a detour to see the world's biggest ball of string (which is in Valley View, Texas, in case you were wondering), you can do that, and the GPS will recalculate and give you new instructions on how to get to your ultimate destination.
Getting to Disneyland is similar to getting out of debt. If you want a debt elimination plan to help you get to your destination as quickly and efficiently as possible, it needs to be customized to your particular situation, and it must be dynamic. There are plenty of debt elimination plans out there, but they aren't customized to your specific financial situation, and/or they don't adjust their plan when things change in real life. This is why Speedy Debt Repo can help you!
The program calculates where you currently are based on your financial situation and uses that information to create a personalized set of instructions that shows you the fastest, most efficient way to get to your destination of zero debt. If something unexpected happens with your finances, like an unexpected doctor's bill or a bonus check from work, the program will adjust its instructions so you have a dynamic plan that adjusts for the ups and downs that your finances go through every month. Imagine having a GPS device that not only told you what roads to take and where to turn, but also told you how fast your particular vehicle could drive at any given time based on road conditions, weather, time of day, etc. to get you to your destination as fast as you could! That's pretty much what the program is doing. Only by having a personalized and dynamic plan can you save the most interest and time possible on your debts. And just like with a GPS, you are still in the driver's seat.
The program gives you instructions, but you still decide what you want to do with your money. Want to buy a new barbeque grill? The program will simply recalculate the plan with that new purchase. Want to go on vacation to Fiji? Simply tell the Worth Account how much money you'll need and when you'll need it, and it will recalculate the plan. With the Worth Account, you are always in control of your money.
Can't I just refinance/modify my loans? My bank says they'll give me a killer interest rate!
Remember that although your interest rate and payment amount may go down, most times your term goes up in a refinance, meaning you will be paying interest longer. And don't forget the fees that get tacked onto your balance.
Banks are a business, after all, and they need to make money. And they're very, very smart about how they make money. You may have heard banks point out that you can refinance for a lower interest rate and payment amount but keep paying what you've always been paying in order to pay off sooner and thereby save interest.
Sounds good in theory, but the reality is that most people don't do this very long. They find other ways to spend that freed-up money. You need to stop hitting the "restart button" on your mortgage every five years or so because by doing so you will never pay off your home!
Now, don't get me wrong; sometimes people really do need to refinance or modify their loan for certain reasons. I understand that. But as far as I'm concerned, refinancing (resetting your mortgage) shouldn’t be something that is done every three to five years
Banks are a business, after all, and they need to make money. And they're very, very smart about how they make money. You may have heard banks point out that you can refinance for a lower interest rate and payment amount but keep paying what you've always been paying in order to pay off sooner and thereby save interest.
Sounds good in theory, but the reality is that most people don't do this very long. They find other ways to spend that freed-up money. You need to stop hitting the "restart button" on your mortgage every five years or so because by doing so you will never pay off your home!
Now, don't get me wrong; sometimes people really do need to refinance or modify their loan for certain reasons. I understand that. But as far as I'm concerned, refinancing (resetting your mortgage) shouldn’t be something that is done every three to five years
My brother told me about some other debt elimination plan for free/costs less than the Worth Account. Why don't I just use that one?
There are lots of debt management programs out there, but from what I have found all of them fall short in one or more of the following ways:
- Every other debt elimination plan I've seen doesn't create a truly Effective, Dynamic, Personalized Plan, or EDPP. Instead, they simply provide generalized debt-elimination ideas that are not necessarily what best fit your financial situation. These ideas include sending X-amount extra every month toward your debts or paying off one debt at a time based on which debt has the highest interest rate or lowest balance. Although these one-size-fits-all plans might save you some time and interest on your debts, the fact that they're a cookie-cutter plan (the same for everyone and the same every month) means that there's no way they will save you the most time and interest possible on your debts. By contrast, the Worth Account formulates a plan around your income, your expenses, and your debts. That way you know the plan is doable for you. And because the plan is built around you, you don't have to refinance or modify your loans, find a way to increase your income, or decrease your expenses
- Other debt elimination plans don't adjust for real life like the Worth Account does. What happens to your debt elimination plan if you missed some work during the last pay period and your paycheck was $234.56 less than usual? What should you do when you have an unexpected $1,258.44 doctor's bill show up in the mail? What about the extra $20 you found in your jacket pocket this morning? Other debt elimination plans simply provide you with a static monthly plan that doesn't account for the constant ups and downs that we all go through financially every month. No one's expenses are exactly the same every month, right? So why should your debt elimination plan be exactly the same every month? The Worth Account's dynamic plan means that you're doing the absolute best that's possible every month for getting out of debt.
- Other debt elimination plans rely on you to guess how quickly you want to get out of debt rather than calculating how fast you really can get out of debt. Long experience has taught me that in matters of debt elimination most people are generally unsure about what the best steps are to get out of debt, resulting in a slower debt payoff than necessary. Asking you to decide how much extra you want to send to your debts every month is like a personal trainer asking you how many push-ups you want to do and then just telling you to do that every day. Why even have a personal trainer if they're just going to have you do the same thing every day and every month? The Worth Account, on the other hand, examines your financial numbers, accounts, finances and calculates exactly what the most effective strategy is for you, 24 hours a day 7 days a week. It bases all of its interest saving strategies around how you want to live your life, not forcing you to do anything. And if your finances change (as they always do), the Worth Account plan changes around you. This results in you paying off your debts as quickly as you possibly can, which results in you saving as much interest as possible.
Why don't I just do this on my own?
I'm pretty good with spreadsheets, and I'm responsible with my money.
The Worth Account is much more than a spreadsheet that tells you how much you've been earning and spending; it is an intricate and detailed program that, in addition to tracking what you've been earning and spending, takes into account all the factors related to your debts (interest rates, terms, payment amounts, balances, etc. etc.) to give you a month-by-month plan for paying off your debts the smartest most strategic way possible. A spreadsheet doesn't do that. We don't doubt your spreadsheet skills, but even if you knew how to account for all the factors mentioned above (and then some), would you really be willing to sit down for hours and hours at least every week to crunch and re-crunch the numbers and figure out what needs to be done each day/month to pay off your debts and save the most interest in the most effective way possible? And every time something unexpected happened, you'd have to rerun all the numbers! There are very few people in the world willing to give up that much time and effort to do that for years on end. The Worth Account makes it easy by doing all the strategizing, calculating, and planning for you. You simply let it know about your income, expenses, debts, and accounts, and the Worth Account maps out the most effective plan through simple-to-follow prompts. Most clients only spend about ten to fifteen minutes a week in their Worth Account.
I already send extra money toward my debts every month. Why shouldn’t I just keep doing that?
Let me answer that question with another question: How do you know that the amounts you're sending are the best for you?
As mentioned earlier, people are notoriously timid about paying off debt. For example, you might decide that you can afford to send an extra $100 to your car loan every month, but what if you could effortlessly afford $157.42 this month? You just lost interest that could have been saved because you didn't pay down the debt as fast as you could have; instead you just sent the same comfortable amount that you send every month. And how do you know that you've picked the right debt(s) to send that money to? What if that $100 could have eliminated more interest had it been sent to debt XYZ rather than the car loan? Contrary to what some people believe, deciding which debt needs to get paid down and when to save the most interest long-term is more complicated than simply finding out which has the highest interest rate or lowest balance and sending all of your extra money toward that debt. The Worth Account takes into account the big, long-term picture when formulating your debt elimination plan, factoring in all variables to come up with the best possible plan, and adjusts dynamically each time your financial picture changes.
As mentioned earlier, people are notoriously timid about paying off debt. For example, you might decide that you can afford to send an extra $100 to your car loan every month, but what if you could effortlessly afford $157.42 this month? You just lost interest that could have been saved because you didn't pay down the debt as fast as you could have; instead you just sent the same comfortable amount that you send every month. And how do you know that you've picked the right debt(s) to send that money to? What if that $100 could have eliminated more interest had it been sent to debt XYZ rather than the car loan? Contrary to what some people believe, deciding which debt needs to get paid down and when to save the most interest long-term is more complicated than simply finding out which has the highest interest rate or lowest balance and sending all of your extra money toward that debt. The Worth Account takes into account the big, long-term picture when formulating your debt elimination plan, factoring in all variables to come up with the best possible plan, and adjusts dynamically each time your financial picture changes.
What about biweekly payments? Won't that save me interest and time on my debts?
Yes, paying your mortgage or other loans biweekly will save you interest and time, but relatively little compared to the Worth Account. For example, making biweekly payments to a 30-year, $200,000 mortgage with 4.5% interest could save just over four years. The Worth Account, on the other hand, typically pays off all your debts in 1/2 to 1/3 the time it would normally take. In this example, that's like trying to decide whether to go with a plan that will pay off the mortgage in 26 years or a plan that will pay off the mortgage and all of your other debts in 10-15 years. That's a pretty big difference.
I don't have any money left over at the end of the month. How can the Worth Account get me out of debt?
In many cases, people have more discretionary income than they think (I define "discretionary income" as the amount of your income that's left over after paying all of your bills, including entertainment.). The problem is that the discretionary money is mixed up with your bill money in your checking account, rendering it more or less "invisible." The Worth Account, however, can see exactly how much discretionary income you have each month and will figure out what is the best strategy that can be done with that money to get you out of debt.
Let's use a personal example of mine. I found out about and began using the program back in 2008. Prior to using the program, I figured that if I never went to the movies or ate out, I might have $25 left over at the end of the month as discretionary income, and I was doing the best I could to send extra money toward my debts when I felt like I had money available. Was I paying off my debts faster than my creditors expected and saving some interest? Yes, but because I was guessing at which way was the best strategy to pay off debts, I wasn't saving as much time and interest as I could have been. Once I began using the program, I discovered that I actually had more discretionary income than I had thought and was able to start using that money better to pay off my debts without having to change my lifestyle. Something else to consider is that although you may not have any discretionary income now, as
you pay off your smaller debts those monthly payments become big advantages toward the programs debt reduction strategies.
Let's use a personal example of mine. I found out about and began using the program back in 2008. Prior to using the program, I figured that if I never went to the movies or ate out, I might have $25 left over at the end of the month as discretionary income, and I was doing the best I could to send extra money toward my debts when I felt like I had money available. Was I paying off my debts faster than my creditors expected and saving some interest? Yes, but because I was guessing at which way was the best strategy to pay off debts, I wasn't saving as much time and interest as I could have been. Once I began using the program, I discovered that I actually had more discretionary income than I had thought and was able to start using that money better to pay off my debts without having to change my lifestyle. Something else to consider is that although you may not have any discretionary income now, as
you pay off your smaller debts those monthly payments become big advantages toward the programs debt reduction strategies.
Why would I want to pay off my mortgage? It gives me a nice tax deduction!
I hear this once in a while, and it has a pretty simple answer. A quick examination of the numbers shows that the tax deduction is not worth the amount of interest you're paying in interest every year toward your mortgage. The interest you're paying far outstrips any tax deduction you might be getting. It’s like arguing that you should keep paying a dollar to save a dime - not even close to being worth it. Holding onto debt is not a good idea.
Can anyone benefit from the Worth Account? And how soon can you see results?
The Worth Account is for anyone that wants to get out of debt fast while saving as much interest as possible for their specific financial situation. It is a customized, dynamic debt elimination system that gives you month-by-month instructions built around your financial life and adjusts those instructions as your finances go through the ups and downs of each month. To qualify for the Worth Account, you simply need to be earning more than you are spending on a regular basis (I can't print money for you, unfortunately). To be able to use the Worth Account, you need access to a computer with an Internet connection and a checking account and a savings account. That's it! Anyone that uses the Worth Account and follows its prompts can pay down their debt significantly faster than scheduled, which results in saving interest they would normally have to pay to their creditors. This means you can begin to experience the benefits of the Worth Account long before your debts are actually paid off. The Worth Account is a dynamic program, meaning it adjusts its plan and payoff results based on new real-time information it is given by the user. So if you buy the Worth Account and then buy a car three years later, you can add that new debt to your Worth Account and it will update its payoff plan factoring in the new financial situation. And let's be honest, that sort of thing happens to pretty much everyone, right? Any debt elimination plan that doesn't allow for changes in real life really isn't worth beans.
My neighbor says I shouldn't buy the Worth Account because he saw some negative stuff about it online.
People have different expectations, personalities, and life circumstances, and although I do my best to meet or exceed everyone’s expectations and accommodate every life circumstance, no company can provide the perfect solution for 100% of the population (even though I can try 100% of the time)! If there is someone online that has a concern, I welcome them to contact me and give me the chance to help resolve their concerns. On a side note, I have also observed that there are those who feel that they have a complete understanding of our product and the benefits it delivers, when in reality their understanding is quite different than reality.
If you want to see some reviews from some of the actual users of our program, check out the video testimonials and text testimonials on the company website. These are real-life clients that have used the program and tell about what it has done for them, as well as about their experiences.
If you want to see some reviews from some of the actual users of our program, check out the video testimonials and text testimonials on the company website. These are real-life clients that have used the program and tell about what it has done for them, as well as about their experiences.
Does signing up for the Worth Account guarantee that I will pay off my debts?
Just like employing a personal trainer does not guarantee you'll get fit, simply signing up for the Worth Account does not guarantee that you will pay off your debts. Training and support is provided for my clients (akin to a personal trainer that gives you instruction and training), but it's up to the client to take full advantage of the program. If you're paying a personal trainer to give you instructions, hopefully you would follow their instructions, right?
What should I do if I want to learn more about the Worth Account?
Simply contact me for more information, and I will be more than happy to send you a link to videos that explain the need for the Worth Account, what it does, and how it works. Once you have that foundation, I will meet with you to run a free, no-obligation financial analysis to determine how much interest and time the Worth Account will save you on your debts as well as answer any other questions you may have. The Worth Account really is a unique, innovative program with no equal. You owe it to yourself to find out what the Worth Account will do for you and your family.
