John Commuta's Transforming Debt to Wealth - Page 6

pjenks143 · #76 (**permalink**) 09-06-2009, 11:09 AM

Quote:

Originally Posted by julian4239

Anyone has heard of this program? Is it a scam? I hear on the radio all the time and I'm terribly curious on how he does this.

DONT!!!!! Ordered the program, didn't understand pricing, now I am being harrassed because I can't keep this but they WILL NOT return any merchandise. I have called repeatedly but I get rude, rude people, they hang up on me, refuse to return. I have written letters but no response. It is basic information that you can get on the internet. Use Dave Ramsey instead. He is up front and very user friendly. Research both to see what will be the best.

pjenks143 · #77 (**permalink**) 09-06-2009, 11:15 AM

Could you post a link?

Marinemom23 · #78 (**permalink**) 09-06-2009, 08:30 PM

Quote:

Originally Posted by julian4239

Anyone has heard of this program? Is it a scam? I hear on the radio all the time and I'm terribly curious on how he does this.

I've heard alot about this program, but why pay for a program that you can do yourself?

dwilk12 · #79 (**permalink**) 11-11-2009, 02:48 PM

-John Commuta's Sytem -

-> BEWARE!! Not everything online is as great as it sounds. There is huge ammount of money to be made online but all those products and informercails that say " Make $67,957 In 3 Days Part Time" Isn't real.

-> Always look for proof and earnings claims from not only the product seller but people who have purchased the product in the past.

-> Also, Understand that making money online is great. However, most people think its going to be super easy to make millions with little effort. All the guys making decent income work there Business's like a job ( 20-30 hours a week.)

abc123 · #80 (**permalink**) 02-16-2010, 03:39 PM

They are a scam, charging my credit card when I have never even heard of these people

.
How did they get my info to begin with, why would I ever use a company that operates in this manner.

WBt · #81 (**permalink**) 03-02-2010, 10:56 AM

Yes, don't be lured by the program. The creator has been issued a writ by so many people...

willowreed · #82 (**permalink**) 03-06-2010, 10:57 AM

I agree with most of these principles. I think that whole selling the home thing might be really hard because of the economy. Too many people over-bought their homes, I know many of them in my area. Big DUMMIES to do that. I remember saying to them "Why do you need a 3500 sq home for three people?" and they were snobby and somewhat rude in their responses. My small home is paid off, they are crying in their beer because they can't sell their monstrosities

(yes I am that cruel to laugh in the face of their self-caused) misfortune). I think these ideas ARE common sense, but too many people in this country have none. I like that idea of renting rooms to college kids. Like back in the day, in the 50's I remember people doing that.

Quote:

Originally Posted by Barb@allphys

The member with the 2200.00 mortage situation doesn't qualify for the Debt elimination plan...... He needs to immediately look to bring in more income, perhaps by renting out rooms to college students and look to list his home for sale . If one has an income in which one can live but is stuggling, and can feed oneself and put gas in one's car, etc. then that person can qualify.
john commuta suggests that most people could sell their house right now, take their profit, and pay cash for a 55-80K (US DOLLARS) home right now , with even a bit of cash left over to invest.... and he suggests this new cash home purchase be done in a smaller city or rural area, with lower crime, costs, taxes, pollution, etc... but he acknowleges that this move may be farther away from one's family.......then one will own one's home free and clear, and he suggests that one may live comfortably on a much lower income of around 30k per year if necessary or start a home business to supplement one's income. He advocates listing all debts from smallest to largest and paying off the first one with money found by eliminating cable, restaurants, new clothes, sodas, snacks, money that we " just blow" every month.......etc. These luxury items are to be eliminated or greatly reduced, and with that found money, one is to apply all of it to the smallest and first selected debt and seek to pay it in full asap, hopefully within 2 months. With that paid debt, one uses the money from the payment from that old debt that one previously was paying on, and begins rolling over that money to the next month and seeking to pay the next in line debt off each month with the rollover money plus the margin money from the luxury elimination. One then continues paying off and rolling down the bills to complete elimination as one's goal, with one debt at a time the focus.........

steve40tn · #83 (**permalink**) 03-18-2010, 10:01 AM

Quote:

Originally Posted by julian4239

Anyone has heard of this program? Is it a scam? I hear on the radio all the time and I'm terribly curious on how he does this.

Yes, I bought John's program. It is not a scam. In a nutshell, he tells you to live below your means to pay off your debts from lowest to highest. As you pay off one debt you roll that balance into the next. This is extremely effective for eliminating a lot of debt fast. The more frugally you can live the faster it will work.

His system is more complex than this and very much worth buying if you are deep in debt. I have simplified it here to explain that it is definitely not a scam.

jgeraudjr · #84 (**permalink**) 03-18-2010, 03:07 PM

Quote:

Originally Posted by julian4239

Anyone has heard of this program? Is it a scam? I hear on the radio all the time and I'm terribly curious on how he does this.

I've purchased the turning debt into wealth program about 4 yrs or so ago...it may have been longer than that...I was in some credit card debt and I bought it...his program works if you're vigilant and use his advice...it comes down to willpower and how bad you want to be out of debt...I'm now married with children and my wife are using it to pay off our mortgage...it's working...but like I said, you have to remain vigilant and stick to the plan...it comes with other items like financial advice for investments and helps you to create a budget for yourself...

coach2wealth · #85 (**permalink**) 03-26-2010, 03:55 PM

I'm not familiar with John's plan, but from what people are saying it's sound.

The key is to set goals. Develop a plan to get there. Then execute the plan. Sacrifice and pain is part of winning. That's what most people suffer from, they can't allow themselves to take a step, or several steps back to go forward.

ms.Z · #86 (**permalink**) 04-28-2010, 06:55 PM

I've heard the ad on the radio a lot, so a couple of weeks ago I called. It was a very friendly automated system. After listening to several testimonials, supposedly from real people, the automated lady asked me for my name, then address. Then she autmatedly told me something like, "Great, now we have everything we need to send you the free info. All we ask is that you pay a small amount for shipping. Press 1 to give your credit card number." (WARNING BELLS RING IN MY BRAIN--these people were not getting my credit info!). I tried telling it 'no card' and trying to circumvent giving my number, while the pre-recorded lady would say, "Now don't you want this wonderful system? Isn't it worth it? Great, just let me get your credit card number." I said, "forget it," and hung up.

That was when I realized the scam. The scam is not the information. From what I've read here, it's good sensible information and, if you stop to think about it(or read on online), you can learn about the concept of "snowballing" and how to avoid paying charges you don't need. The information seems sound. THE SCAM IS IN HOW THE AUTOMATED SYSTEM GETS YOUR CREDIT CARD NUMBER FOR THE SHIPPING AND THEN IS ABLE TO JUST CHARGE AWAY!

The Transforming Debt to Wealth system is something like 7 payments of $500(if I remember correctly from the automated lady). I think I just saved myself $3500 in unnecessary debt! Thank you John Commuta. They should call it "Transforming your debt into John's Wealth!"

By the way, less than a week later, the free materials arrived in the mail. I guess either the the shipping and payment systems were not connected or they decided to foot the bill. Either way, my advice is don't leave your card number.

kittenheels · #87 (**permalink**) 05-09-2010, 11:59 AM

I've heard about it and it sounds quite good. It's all about determination.

joncas · #88 (**permalink**) 12-17-2010, 01:14 PM

I don't know if the program itself is a SCAM, but I do know that the customer service people are EXTREMELY RUDE, I even had a jerk call me a liar. I received the free CD, but never received the package for the system. I called to cancel and was told that I first had to return the program before they could issue me a refund and cancel the program. I am on a fixed income and cannot afford to be giving $79-85.00 away. If I did receive such package,(which I never ordered), I would gladly return it to cancel and get my $$ back. Has anyone else had such an experience?? I'm so angry I could SPIT!

Nadine Anderton · #89 (**permalink**) 06-27-2011, 04:10 AM

Quote:

Originally Posted by Dru

Regarding rent...remember, you are making the mortgage payment and paying the landlord a profit, otherwise he couldn't afford to keep the property.

You are right about The Secret 4silverstrea, focusing on the things you want to eliminate creates more of them in your life. "I want", "I will do", "I will be", "I will get", are all restrictive affirmations. Presence the positive things to exist in your life by thinking in the now and say, "I am", "I have", "Life is". We were taught that we must DO certain things to BE something or other but the doing gets in the way of the being. To turn this around, BE first, and by default, you will DO those things required to support your belief. Ex: "I am a dancer...therefore I will do my practicing".

So to you and to Silverstreak, the answer is to affirm "I AM debtfree." This meets your criteria.

Savings · #90 (**permalink**) 06-29-2011, 10:41 AM

There are lots of scam like that now days , beware of it.

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