How The John Cummuta Transforming Debt Into Wealth System Works

After you pay off your credit cards,get your emergency fund,and pay off your house,,you invest in your 401k,ira and thats how u get to be a millonaire,, The bi monthly morgage companies charge u money to set that up,,all it is,if u pay bi-monthly you will make 13 payments a yr,instead of 12, You can do that yourself by paying a little extra every month equall to 1 paymeny over a yr

It is not fair that you have less money than rich people, but life is not fair. The thing they never mention in commercials is that you must spend less money to make the extra payment to your debt. The scam of this plan is that realisticly you will be better off, but not rolling in millions. If you make average income you will earn $1 million in 20 years.
The wealth part does come in smaller doeses when you invest your money after the debt is paid off. Not in cars and boats, butyour retirement, and the kids’ college fund.

I just received the John Cummuta transforming debt into wealth, and it’s mind boggling how many DVDs and such that are in this package. I don’t carry credit card debt and only have a mortgage payment and car payment, plus a deferred college loan. So, I hope all goes well with this “new system” I just received. I was very skeptical when I ordered it and I am still skeptical about it. I mean, I just spent money that I could have put toward a car payment! So, it’s a catch twenty-two, I guess. We’ll see.

The John Commuta program does really work. My husband and I purchased it a few years back. The whole key to it is discipline. Simply buying the program and gaining knowledge of how to make it work does not eliminate the debt in and of itself. You must discipline yourself to follow the program. It’s just like a diet. Getting the diet food and buying the diet plan doesn’t lose the weight. It’s a mindset … a desire to change your habits. As described in this article, you could do it yourself, but the nice thing about John Commuta’s package is that, first of all, in the cd’s he explains to you the reasons why you want to change … how much you spend in interest, etc. You get a workbook to do a little bit of “homework.” He wants to establish it in your mind why you need to do this before you get started in hopes that it will help you stick to it. Also, he includes a computer program that you enter all your information into. It gives you actual dates of when you will pay off each debt. I found that to be very helpful because it gives you an actual date in your near future that you can look forward to. And it helps you stay on track better. Also, John explains to you his debt situation. This program was not created by John as a way to make money, initially. It was borne out of his own financial distress and as an experiment as a way to get out of debt. He had his family and friends all try the system with their debts along with him. Then when it was successful he offered it to all of us. So he tried and proved it first and eliminated his own debts. I highly recommend the John Commuta plan. Hope this helps someone.

The point that is not being made is that everything – 100% of what John Cummuta claims to have found is available FOR FREE on the web and through state/federal consumer affairs offices. It is no massive secret that you will save money by spending less than you make. The shame in Cummuta’s and so many other financial gurus (aka TV predators) is how much consumers are charged for glossy pamphlets and useless CDs designed to boost your hopes – much like the garbage Tony Robbins has been peddling your far too many years. John Cummuta is using the very old commission salesman technique to get as much out of every customer till they complain – then cut them loose and look for the next sucker. When a customer stops spending money, stop spending time with them. Cummuta’s radio ads with a “client” telling listeners that he will pay off his 30-year mortgage with only the money he makes now in 2.5 years is the epitome of misleading. If I have a 30-year mortgage with only 2 years left on it – I, too, can “pay off my 30-year mortgage in just 2.5 years with only the money I make right now.” Infomercial scam artists have been paying folks to flood media and the Internet with good reviews for many years going back to the early 1980s and Charleton Sheets real estate junk. People who are desperate look for what they want to hear. Let them hear what they need enough times and they begin to believe it. Sadly, when we are in dire financial situations, we become more irrational in our behavior. If you want to be “debt free” then live within your means. If you are poor, then you must live like you are poor until you earn more money. Yes, Virginia – there are no miracles – unless you defy the odds associated with the lottery , marry into money, inherit a fortune or successfully rob a bank. Oh yes – you could do business like John Cummuta and prey on the less intelligent.

I agree with you, Christopher, regarding the financial advisor’s comments. The information may be out there for free, but some of us don’t exactly know how to find it. I, for one, don’t have a financial mind. And if I did stumble upon that information that doesn’t mean that I would understand how to make it work. So I rely on someone with that kind of intelligence to help me to know and understand what I should do. I refer back to my previous comments regarding a diet. All of us know that if you’re overweight and need to lose weight you cut out fattening foods, drink water, and get more physically active … duh! But sometimes, like Christopher said, you’ve lived that way so long that you need a plan to follow. That’s why you have to find a diet plan that you can stick to. For me, it’s Weight Watchers. For others, it’s some other plan. But my point is I don’t think it’s anymore shameful for John Commuta to put together pamphlets and CDs to help you get out of debt than it is for Kathy Smith or any other fitness guru to put together an exercise DVD for you to lose weight. If you follow what the the certified financial advisor above says, then you know how to exercise. The information regarding the correct exercises to do is out there. Go dig it out for yourself, and get exercising. Don’t pay anyone else who already has that knowledge to hand that information to you. But if you want to get technical with all of this, don’t go to that financial advisor either and pay his prices to help you and give you financial advice. The advice he gives you is available somewhere for free, too. But on the other hand, if John Commuta is charging $400 and $500 for his program that isn’t right either. We certainly did not pay anywhere near that price for our program. Ours was somewhere less than $100. I forget the exact amount. But it was a good investment for us, and we’ve learned a great deal from John Commuta — more so than from a local financial advisor that we called for help. We explained our situation to him, asked for his help, and he told us that he couldn’t help us. We would always be in debt with the income that we had. Very encouraging to say the least. So we got out of debt on our own with John Commuta. And as I stated in my first comments, Commuta doesn’t just send you a 10 minute CD telling you all in a nutshell what to do to get out of debt, live below your means, yada, yada. That would definitely be a scam. But he takes his time. He gives you all these CDs and workbook. He makes an effort to help you understand what you did wrong in the first place. How your thinking is wrong about charging things if you don’t have the cash to pay for it. He gives tips on how to handle your money. He helps you understand that the credit card companies want you to be in debt to them and how long it takes you to pay off a credit card if you only pay the minimum payment. Many people don’t realize all of this stuff … especially if your parents have never helped you to understand these concepts while growing up. But he does all of this in an effort to help you get out of debt and stay out of debt because it’s does you no good if you follow his plan to get out of debt but never have a permanent change in your habits. You’ll go right back into debt. So his goal is to help you to know how to control your spending habits and handle yourself with discipline. And to me that’s no different than anyone else making money by sharing their knowledge and information through selling books, CDs, DVDs, etcetera.

I was going to post a comment, but there is nothing to add to what Certified Financial Advisor said – BRAVO !
people it’s easy – leave within your means!

CashLover , please post your math about how $5k turns into $1M in 30 years. Seems quite unrealistic to me.

CashLover’s statement “if you deposit $5000 one time in mutual funds before age 30 and completely forget about it you will be a millionaire by age 55+ but no later than 59″ has a grain of truth to it. If the mutual funds achieve a return of 18% every year for 30 years, then your $5000 will grow to $1,000,000 by the time you are 59. But… historically mutually funds haven’t had rates of return of 18% every year. Looking at just the past 10 years, only about a dozen funds averaged more than 18% (most of them are gold funds and a few international funds such as Fidelity’s Latin America fund). I doubt that those same funds did or will achieve 18% over a 30 year period. It’s more likely that a person would put their $5000 in a diversified mutual fund or several different funds to be diversified. Diversified funds haven’t returned 18% over the last 10 years. For instance, the Fidelity Balanced Fund returned 6.38% over 10 years. And, doing the math assuming 6.38%, if you deposit $5000 one time in the Fidelity Balanced Fund before age 30 and completely forget about it you will have $33,550 at age 59. Sadly, not even close to a million dollars.

I’ve read all of the comments above and have come to one conclusion…all is vanity. With all of the financial wisdom being bantered about, no one has yet answered the poor woman’s question above with very very low income. The Truth is none of these ideas address the real problem, which is not income but identity. It is the idea that my self worth and my net worth are inextricably tied together. No monetary plan alone can address this moral dilemma.
Debt is a self inflicted prison we’re in and we think money is the key that leads to the exit. When in reality the door is locked from the inside and money is just an external tool that is only as good as the hands it’s in and the motives behind them. If you have a car that runs poorly, just buying a good repair manual or giving it a new paint job wont fix the problem. At some point, someone will have to go under the hood to repair what’s wrong inside. You can’t fix an internal problem with external means. As long as what we drive continues to drive us…as long as where we live means more to us than how we live, then who we are will continue to be defined by what we have, thus confined by what we owe. Think outside the box. The real problem isn’t external financial debt, but an internal moral dilemma. No monetary plan, no matter how well intended, can eliminate that.

Preacher, while I agree with your well intended comments, you didn’t answer the poor woman’s questions either. All of the comments are great ideas, but they are just that ideas. And everyone knows, ideas are nothing without action. The simple truth is that we think the label “millionaire” is some magical person with no problems in life. The reality is, being a millionaire just means you have more money than nearly all of the population, it doesn’t mean all your problems are solved. Spiritual guidance is necessary, financial guidance is necessary, but neither guarantees a worry-free life.

These “systems” all count on one thing, that they can sell you something because they have information you don’t. They take information that is available for free on the internet, at the library, or other places, repackage it in a nice shiny format and come up with clever catch phrases to make it sound as easy as walking and chewing gum, but in reality it’s all a matter of discipline. If you are on a fixed income, you’re first priority should be getting out of debt. I am sure you will find that without those debts looming over you, your stress level will go down significantly. Here’s the reality though, this will not be a quick fix like these programs suggest. You’re not going to be debt free in 20 minutes. You’re going to battle for a long time to get there and above all else, it will require a determination to finish the job. Find an extra $5, or $10 or whatever you can to send in to that lowest credit card or other payment you have and just keep at it until it’s paid off. Then as the program suggests move on to the next one. It’s slow going. It’s tedious. It’s boring. But it’s also PROGRESS. You didn’t GET to this point overnight, so what makes you think you can get out of that quickly? Just keep going. The journey of a thousand miles, begins with a single step. This is no different. Just know that YOU ARE making progress and keep at it. There IS a light at the end of the tunnel and it is not a train. But the tunnel may seem to be a longer one for you because you are not able to pay these things off as fast as other people.

Remember the tortoise and the hare story? Both finished the race, but the overconfident hare finished second because he didn’t take advantage of his gifts. But both finished. Progress is progress no matter how small and eventually you can finish, but you must first begin and then just continue to put one foot in front of the other. I have nothing to sell you so I won’t tell you you’ll be debt free in 2.5 years or that one day you’ll be a millionaire, but I WILL tell you you can get out of debt if you can just begin and then stay the course.

GOOD LUCK!!!

http://dollarsnotdebt.blogspot.com/

Paying off all you debt is not complicated, but it is difficult. I can tell you that the John Cummuta plan is not a scam, it is a re-programming of your habits. I blog about my experiences with the program.

I don’t know if anyone else answered this because I didn’t read all the posts, but I want to answer Tanya’s question about building wealth to become a millionaire. When you have all the debts paid off, including the mortgage, and have your 6 months expense account set up, start applying all of the money you were previously paying toward debt toward investments of some type. Maximizing 401k accounts is a great recommended one. Another is investing is any of the many index funds out there, which spreads out the risk. A lot of people took hits from the stock market, and that happens. Typically that is recovered over time if you are using a dollar cost averaging plan like the 401k does where you put in a regular amount every month. There is software that shows not only the order that debts should be paid off for the shortest time to achieve debt freedom, but there is also a feature that shows the reverse – how to put the use of earning interest to build your “fortune” where before you were paying interest to enslave you in debt.

The defeatist attitude of someone in $25,000 debt is ridiculous. Bankruptcy is NOT the only option in that case, and financial responsibility is NOT just for middle class income people and higher. It’s all about percentages. If I make middle class income, I can then live in a middle class neighborhood and drive a car that is a step up from a beater. If I make less than middle class income (and that was the case for me at one time) then I live in an apartment that is not in the very best area of town and I ride the bus, and perhaps I don’t have cable television or an expensive cell phone plan or I don’t eat out pretty much ever, etc. Creature comforts are for people with bigger incomes.

People with low incomes are not destined to only have low incomes. Find a second part-time job (I did that when I needed more money). Increase your knowledge somehow so that you can demand more money in your current job or some other job. Sell stuff. $25,000 in debt can be gone quickly (within a couple of years or so) if you focus on it. You can make $1,000 a month delivering pizza at night if you want.

The aforementioned Dave Ramsey plan really helps people who have no clue how to handle debt.

The Debt Snowball…list debts smallest to largest, stay current with all of them but pay a little extra toward the smallest one until it is gone. If you CAN’T do this, then you MUST sell things OR get a second job OR cut your lifestyle to the bone or maybe some or all of the above. Once the smallest debt is gone, take what you would have paid toward it plus the little extra and pay that toward the next smallest one, and so on. Every time you eliminate a debt, you have more money each month with which to attack the next debt. It’s not that hard, and you don’t need big income to make it happen.

Besides the rational financial advise John Cummuta gives, listening to his audio book helps to re-program the way you think about finances. That is something that most people won’t get online reading something. The debt payoff part makes sense, does work and agreed that the info can be found in many forms. That aside, the thing that impressed me while listening to the program, was how I started to think about the Advertising & Credit Industries in particular. I now do look at all advertising with a bit of skepticism and with the financial downfall we’ve been through, it’s pretty obvious how greedy the credit industry is. I guess these things should have been obvious to me all along but somehow they weren’t. Considering how many people have credit card debt, I guess I’m not the only one.

As to what Will said above is very true. My wife and I paid off $32,000 in debt in 1 3/4 years. The only thing we owe on now is our mortgage. The lady who thinks bankruptcy is the only way is wrong. I have a feeling it’s more of the fact that she doesn’t want to make the effort. It’s a hard road and not quick enough for her. I think that too many people these days have what I call “Fast Food Mentality”. No matter what it is, they want it…and they want it now!

Ana…Don’t you dare tell me I don’t know! In my earlier years I collect pop bottles, yes that dates me doesn’t it, and kept them in my closet for emergencies so I could turn them in to by some food. I worked two jobs, both where nothing special…one was landscaping at an apartment complex the second one was cleaning up construction sites AFTER I left there. I lived 2000 miles away from my family. If you want to cry about being poor and not having anything. Watch some of the stories on the news about people in Somolia, Uganda and other places around the world! THEY DON’T HAVE ANY CHOICES AT ALL! So don’t freaking cry to me about how unfortunate you are. THEY LITERALLY HAVE NOTHING! Sounds like even though you are in precarious position, at least have a roof over your head. You have family that will give you money to survive if needed. AGAIN I SAY…THEY FREAKING HAVE NOTHING!!! You see women who are fleeing where they grew up with their children. Walking hundreds of miles in a barren landscape. They’ve lost children along the way and have to leave them right where they died! Even the poor here in America have it better than that. Go ahead…file for bankruptcy and start over…it’s your choice. But drop the ‘woe is me’ crap. You’ve got it better than a lot of other people in this world.

Ana, I can understand a few of your comments because my husband and I have had hard times over the last few years. And there has been not enough to even pay all the bills let alone buy other things. So we’ve done without many things like using clean dish towels to wipe our hands at supper because we couldn’t even afford one roll of paper towels, using soap to shave because we couldn’t afford a can of shaving cream, and on and on. Have you tried any food pantries as help? I have had to swallow my pride and make use of them. And it has been a big help. But as far as nothing to sell … you may think you have nothing to sell but look around you and be creative. There are many times that people have things they just want rid of. They would rather just get it out of their way than to try to sell it. Look around you and watch. You may see something worth selling that someone doesn’t want. My brother is young and is handicapped with an inherited hip disease and has a rod in his back since an early teenager. He refuses to try to get SS disability because he doesn’t want to rely on the government and other people working to pay his way. He can’t go out and get a physical labor job, but he also can’t get an all-sitting job either. So they rely mostly on his wife’s job to support them. But in the city he lives in there are many, rich and middle class alike, that when they have something they don’t want they’ll sit it out by the road with the common knowledge that if you want it, take it. If it doesn’t get taken it will be picked up by the garbage. This may sound like dumpster diving, and maybe it is of sorts. But my brother has found MANY items from perfectly good computer stands, Sears tools, exercise equipment like a Boflex, good furniture, piles of unused, uncut lumber, baby beds and changing tables, you name it! So he picks it up, takes it home, and sells it. He has been able to use that money to pay bills, buy gas for his car, and buy food. It’s definitely not something that you want to go around bragging that you do it. In fact, you may have to swallow your pride sometimes to do it. But it’s one way to beat poverty and not let it get the best of you. So that’s why I say, keep your eyes open. I have people give me things quite often just because they don’t want it. Look for those opportunities and have a yard sale or sell it on Craigslist since it’s free. (Just be cautious!) And don’t forget about scrap metal. If you see someone has an old, junked refrigerator or washing machine, sheets of metal stuff, anything find a way to take it to a scrap yard. Just be creative about it. Sometimes there’s money to be made right under our noses. We just have to look.

Best of luck!

I wold like to know why his program which is touted as “Totally Free of Charge…No Shipping, No Handling!” wanted my Credit Card authorization for $6.95 for shipping? WTF?

I will take my experience a step further. I am 42 with a 260k mortgage. Upon completion of my payoff of the credit card, I will chase my mortgage. I plan on refinancing my mortgage on 5 year arm at 2.75 through sovereign bank. Currently, I am at 5 percent. I am going to do a 30 year amortization in case something goes horribly wrong. Needless to say, if I pay my new mortgage and continue paying what I am paying in the credit card, I will be at a 131k balance before my mortgage adjusts. With any luck, I will downsize my current home and buy a house in cash and be debt free or close to it by the time I am 47. In regards to the 401k investments people mention in previous post. NFW! That has been a disaster for me. Will it come back, sure, but it simply doesn’t payoff. Try to figure out what you will have if you put 10 percent if your pay away. Your better of buying a classic car or baseball cards. I would do the minimum for a company match and hammer debt service. I pay 1000/ month in interest alone on my mortgage. That is by far the biggest payment I have. Get away from coventional ways of thinking. It doesn’t work. If it did, there would be millionaires on every corner. Get debt free. Get lean! Buy some cool stuff you can enjoy and sell it later for more. No taxes! No market fluctuation.

For years, I’ve heard John Cummuta’s ads on the radio pitching his debt reduction program, “Debt to Wealth.” The ads promise that he can simply and quickly show you how to not just reduce your debt but to eliminate it and build vast wealth. It sounds so good but it’s not at all clear from the radio what Cummuta is actually selling. (Note: Some folks think his name is spelled Commuta – it’s not – it’s Cummuta)

Not knowing much about Cummuta or his organization, I did some research and rooting around which revealed some concerning things I feel compelled to share and warn others about.

First, I called the toll-free phone number for Cummuta’s company. The eager saleswoman began by pressing me for my personal contact information. I refused but that only slightly delayed her polished sales pitch. She began by saying that Cummuta’s program had been around for 18 years and claimed that it shows users how to eliminate their debt 3 to 5 times faster that what they could do on their own by simply using the money they’re already earning. She further added that it wasn’t a debt consolidation program and included tips for building wealth.

After asking her multiple times what the cost was and not getting an answer, she then took the tack of telling me that the materials (CD or cassette tapes, workbook, etc.) would be shipped via UPS for a mere $6.95 shipping fee and that I wouldn’t be charged anything for the first 30 days. Then, she finally admitted the cost: I would make “just 5 payments of $79.99 each” to which she quickly added, “…that’s a lot less than most people pay in mortgage interest and credit card interest.”

After pressing me to buy it again, she asked why I wasn’t interested at this time and I told her that it sounded like a lot of money. Not missing a beat, she quickly and confidently replied, “$400 compared with the amount of debt you likely have I’m sure is small…”
While I didn’t buy the program myself, I have reviewed a copy of it obtained from a customer. My advice: save your money and don’t go another $406.90 (total cost) into debt to buy it. You can find far better advice at a small fraction of the cost ($20 or less) in many venues, especially and including any decent book dealing with personal finance, debt and spending, etc.

Also know that Cummuta’s outfit has been awarded a grade of ‘F’ by the Better Business Bureau (BBB) for their questionable sales practices and lousy customer service. BBB records show dozens of complaints filed primarily relating to sales tactics, refund and billing issues, including unauthorized charges on credit and debit cards. (The rating of ‘F’ from the BBB is the lowest possible rating out of 13 categories spanning from ‘A+’ to ‘F.’ ).

In surveying the complaints lodged against Cummuta, I quickly became aware of an even bigger problem than his selling of a grossly overpriced debt reduction advice program. He has even bigger fish to fry in his selling of personal coaching services for thousands to more than $10,000 dollars. (A subtle warning of this agenda can be found on his website where it says in reference to his CD and workbook product, “It’s a proven system you can implement yourself, or we can help you if you wish.”)

The “help” is an even more grossly overpriced service which Cummuta and his minions sell. Cummuta recruits seminar leaders around the country to sell his products and coaching services (trainees have to fork over $295 and pay a $900 annual licensing fee to Cummuta). His web site brags that, “The average seminar, including product sales, can net you several hundred to several thousand dollars – FOR A HALF DAY’S WORK!” Funny he doesn’t make that statement to consumers when he’s selling them all of his overpriced, mediocre materials.

Cummuta coaches use high pressure sales tactics to sell their costly services and the coaches’ qualifications are highly questionable. This came to light recently when Massachusetts Secretary of State William Galvin accused a Utah-based Cummuta coach, Darin Floyd Beal, of defrauding a Worcester, MA woman out of $100,000. The woman got in the clutches of the Cummuta coach after she responded to a radio ad for Cummuta’s “transforming debt into wealth” program. After buying Cummuta’s advertised program, the complaint details that the woman shelled out $9,270 for her Cummuta debt coach. Her coach then urged her to take out a $100,000 home equity loan and invest in “promissory notes” which he claimed could pay her up to 27 percent. After leaving Cummuta’s organization, it became clear that Beal had absconded with his investor’s money and his since declared bankruptcy listing over $5 million in debts.

All of this is yet another reminder that whenever you are considering buying any product or service, you should examine and compare alternatives. In Cummuta’s case, the analysis says you should avoid him and his pricey, poorly-rated services.

thank you howie for the cummuta info i’am neck deep in credit card dept all do with being laid off for the last 4 years taking jobs that don’t pay very well and credit card companies calling every day . i will figure this out how to get out of this soon thank you jim