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Ask Dave

What's a Money Merger Account?

Dave agrees with Jim that a money merger account isn't a "magic pill" software. It's not a scam, but you STILL have to change your lifestyle.

QUESTION: Jim’s sister has been convinced that the money merger account is a good thing. Does Dave agree?

ANSWER: This is basically getting a home equity line of credit and buying some $3,500 software that helps you pay off your mortgage faster with no change in lifestyle. There is no magic software. Software doesn’t enable you to live on less than you make.

That’s up to you. If you make $4,000 a month and want to put $1,000 on your house debt, you have to live on $3,000. You have to change your lifestyle. Does the system work? Yes, so we can’t call it a scam. But you should make a budget and do the work yourself. I hate that they are selling the "magic pill" idea, which doesn’t exist. Do it yourself.