Money Max Account – my recent encounter
I attended a talk entitled “Money Max Account for Real Estate Investors” hosted by Brian Nates of Nates Financial Group and Theresa Eseke.
The Money Max software looks at all accounts and figures out the most efficient path to take to eliminate debt, build equity and maximize cashflow.. recalculating in realtime.
One notable part of the presentation was when Brian mentioned that “One client has 105 mortgages”: the client takes the equity in one property and buys another rental. As I recall, they can often eliminate a 30-year mortgage in 6 or 7 years. This client must be enjoying exceptional increase in cashflow as a result of using the software.
I was impressed that when you add credit cards, it keeps track of when the interest rate changes. In fact, I would say that I was much more impressed with this presentation of the software than my previous experience with this software several years ago.
However, during my previous encounter with this product, there was a trial period. This is no longer the case.
Nates mentioned during the tax that any transactions involving life insurance and infinite banking are manual not automatic. I’m not sure why this is the case: perhaps life insurance companies dont expose the accounts of their clients? Maybe it’s because there are so many bells and whistles with life insurance that it is hard to automate the infinite banking calculations?
The cost of the product is based on total debt client has and how long to reach guarantee They run a full analysis. The charge is Around 1% to 4% of total interest saved. For less than 80k total debt you would probably get Money Max Gold for $30 to 80/mo.
If you have 1 to 3 mortgages = MM platinum 50 to 150/mo. And so on for other amounts of total debt/time to reach guarantee.
You also get coaching sessions and software upgrades.
Most peeople spend between 2k and 4k for it… over time. And given that it is saving you much more, it could conceivably be worth it. I paid more all at once to join Tardus… the thing is, it’s more attractive join a program promising to make you money. Rationally, your cashflow situation might be better if you did eliminate debt.
The current thing that scares me about Money Max is there is no trial period. You buy it and can get a refund if the promised amount of savings is not met… but that in itself can be considered a trial period.