Frequently Asked Questions

Q. What is the easiest way to stay out of debt?

A. Watch the Video Below:

Q. What Sets Your product Apart From Others?

A. Here Are Some of the Unique Features of Personal Wealth Guru™:

• The patented Personal Interest Ticker™ begins keeping track of the interest you’re paying from the moment you enter your debts – it’s there to remind you that interest never takes a day off, never gets sick, never goes on vacation – it’s eating away at your wealth 24/7. (This is motivation for people to use the software.)
• Built-in video help not only tells you but shows you how to use every feature inside Personal Wealth Guru™. Text help is also included making our software TURN KEY. The Video help can be streamed from the internet or embedded on a local machine.
• Powerful Financial Calculators and Forecasting Tools allow you to run different pay-off scenarios – you can even compare multiple strategies on the same debt to find the most effective use of your money. We include a Standard forecast, a Debt Snowball forecast, a HELOC loan forecast tool as well as a Saving Forecasts for investments.
• Fast and Flexible Budget system – goes way beyond spreadsheets – copy budgets from month to month, analyze your spending, create your own categories and items, make it as complex or as simple as you want it to be. The provided template budget can get you started, or, you can start from scratch.
• “Action Items” will remind you what needs to be done every time you open the program.
• AUTOMATIC SOFTWARE UPDATES will let you know when updates are available as well as what’s in the update (they even install themselves!) We are planning to continue to add innovative and helpful features as needed or wanted.
• Create and maintain unlimited separate budgets. (If you wish).
• Built-in access to the Personal Wealth Guru™ User Forum.
• Our software is extremely simple to use and Friendly. It will always look and feel better than any competitor because the three designers are former Disney artists and programmers who have worked with and produced the best visual content in the world including triple A video game titles. Expect to see the best graphics and user interface in the industry.
• Personal Wealth Guru™ can be downloadable on the internet, it has individual registration numbers so that the software can be owned by an individual or can be made to work with a login account on a website.

Q. How Does Your Debt Reduction Program Compare to Other Systems?

I have seen other systems.  One philosophy is to use a home equity line of credit (LOC) to pay down credit cards and the mortgage on a 30 year amortized home loan.  Keeping the same mortgage payment, the ratio of interest to principal is shifted favorably to the consumer.  The result is the earlier retirement of the loan.  There is simple interest calculated on the LOC and its pay down is much quicker than a fully amortized loan.  A computer software package costing about $3600.00 guides the consumer through the intricacies of this method.

A. Thank you for your question.  The short answer is (besides the cost) that if you can stick with the HELOC/ALOC program to the letter – without variation – you may come out slightly  better in the long run than you would with Personal Wealth Guru’s recommended methods.  For some people, these HELOC/ALOC programs work very well – however, for others, they can be a financial disaster.

Our software provides a calculator that allows people to compare the HELOC style loan (that companies like U-first Financial and Sidney Financial Provide) to a debt snowball method of getting out of debt so that you can see there is almost no difference between them. The debt snow ball may not being as “efficient” in certain scenarios we feel is more flexible and thousands of dollars less risky.

The question regarding any HELOC/ALOC program is: Can you follow their program, to the letter, day-in and day-out for the next 7 to 11 years or more?  Do you know what will happen in your financial life in the next 7 to 11 years?  Are you very financially disciplined and punctual?  Are you prone to give in to temptation?  These questions are important – because if you deviate from any of these programs very much, their advantages over other debt-reduction methods quickly evaporate.  What you gain in monetary advantages, you lose in flexibility (contrary to the marketing hype).  For example, if a person were to encounter some kind of financial emergency and dip into the HELOC/ALOC account to make ends meet, the debt-reduction they’ve accomplished to that point can be quickly eroded, and it’s very easy to end up more deeply in debt than they would have been without the program.  We know – we’ve seen it happen.

Personal Wealth Guru is different in that it helps you make sound financial decisions so that you can create a flexible system of debt-reduction that works for your situation.  It doesn’t tell you what to pay, or when to pay it (although a “bill reminder” is in the works).  We encourage people to use a more “hands-on” approach to debt reduction – understanding and planning where every penny is going – as opposed to depending on software to tell them who,  when, and how much to pay – the very “hands-off” behavior that probably got them into trouble to begin with.  For most people, becoming intentional about money is the key to debt elimination and true wealth.  You have to change the habits that got you into debt in the first place.

I hope this answers your question – we appreciate you asking it.  Whatever you choose to do, we at Personal Wealth Guru wish you the greatest success in your quest for debt-freedom.

Q. Why do you think your product is worth what you sell it for?

A. We believe our product will pay for itself as soon as you use it. This is because when you see how much money you can save and plan your money before you get it, you will more likely make much better finacial decisions.  One example is a friend of my who finally did our planning budget at found $900 he and his wife had no idea where it was going. Some similar products sell for $3500 without our powerful budget and intuitive interface. Our software is ownable and not just online like other services. We also knew that if people really want to pay off debt they would need to do a budget. So we add value with a budget method that takes only  15 minutes a month once you do it a few times.

Q. What makes your product different than 20 other products on the market? (quicken, mint, splashmoney…etc)  what will the client get from you they can’t get from someone else?

A. A lot of people won’t use Quicken because it’s too complicated and ridged ( I know, I bought it twice and get frustrated every time I try to use it). Ours is VERY simple and Friendly, keeping the basics of basics so that anyone can do a budget and save for something. Our planning budget is more flexible and our software doesn’t intrude in anyone’s private account.. Our product includes amortization schedules for paying off debt using a debt snowball, and the HELOC method, it also includes a very intuitive interface so that people will actually use it.  We include interactive help within the program to teach people how to use the software, so it’s turn key.  We know if most people used this package just once, they would pay for it.