OK – Time for a couple of updates on Cruise To Cash and the Global Abundance Program.

First – Cruise To Cash: CTC has been going for about 2 months now and has well over 2,500 members. The range of vacations available is expanding all the time, both in number and in the range of destinations. There are now 3,500 vacations to destinations in Asia, Australia, South Africa, the Caribbean, Europe and the UK as well as, of course, the US and Canada.

The back office support is maturing and there are now training videos to take you from set up through to fully operational. The range of Marketing support resources is growing too – it’s already pretty phenomenal – and CTC are now starting to do corporate advertising and putting members websites into a rotator – so everyone benefits.

This is a HUGELY easy program to sell, even for the complete Internet novice. That’s because you can sell it off-line – probably even more effectively than selling it online. Off-line tools include CTC-produced business cards, postcards and, of course, the best promotional tools of all are the vacation certificates. Print them, personalize them and give them out to friends, family, prospects, colleagues – whoever. You’re only limited by your imagination!

These are seriously high quality vacations – and provide real value to people to whom you give the certificates.

Check out CTC here

Next – Global Abundance Program. G.A.P. has finally got its Mortgage Acceleration PLUS program act together and this is powerful!

The level of personal debt in the US and UK is at all time highs. This is not healthy for individuals, and it’s a ticking bomb for the economy as a whole. The US sub prime mortgage crisis is the main driver behind the volatile stock market and exchange rate fluctuations we’ve seen affecting all markets in recent months.

Not surprisingly, Mortgage Acceleration Plans have been in the news a bit as people look for ways to ease their debt burden.

However, there has been a lot of negative press about Mortgage Acceleration Plans – and a lot of it is quite justified.

Mortgage Acceleration Plans are not for everyone, and they do have downsides. Just as in every industry, you get the hit and run merchants. People will set you up with a plan that looks good at the time, but you later find that it’s anything BUT good.

I had this experience years ago when a ‘Financial Advisor’ persuaded me to change my perfectly normal endowment mortgage into a low start fixed interest mortgage. It was great for the first 2 years but boy was there a sting in the tail! Needless to say when the tail stung he was nowhere to be found.

So a Mortgage Acceleration Plan may not be well structured, and it may not even be an appropriate vehicle for you, depending on your financial circumstances.

Then there is the requirement for personal discipline to actually follow the plan. A Mortgage Acceleration Plan generally incorporates a Mortgage Checking Account (MCA), which is basically a consolidated account with a credit line (a very significant one!) secured by your property.

The logic is that as you pay your income into this account each month the level of overall debt drops, and with it the amount of interest that’s charged. The level of debt then rises slowly through the month as your monthly expenses go out, and the cycle is repeated the following month

The effect of this is to reduce the interest on your debt because your overall level of debt, while it does fluctuate, is lower over time. This process snowballs and you benefit from what’s called the ‘reverse compounding effect’.

However, as I said above: there is a significant credit line attached to an MCA and if you don’t have the right discipline you can utilize that line of credit and find yourself in a worse position than before.

There’s nothing we can do about people’s discipline in using an instrument like this. But G.A.P.’s re-launched Mortgage Acceleration PLUS program has taken care of the other issues.

The first step is this: G.A.P. will not even process your application for a MAP program if the initial evaluation does not clearly demonstrate savings of $10,000 or more. So if your application is accepted, you know that this is the right vehicle for your financial circumstances.

Secondly – calling it a Mortgage Acceleration PLUS program is a bit of a misnomer, because the program will address all your debt. In fact – not only will it address all your debt, it will look at all your assets and will develop a financial plan for you that will tell you (to the year and month) when you can be debt free and show you how to make the highest and best use of every dollar coming into your household.

But you do have to have the discipline to follow the plan!

This is a powerful program and for people who own a property and have a mortgage it is definitely worth checking out.

Check out more information on the Mortgage Acceleration PLUS program here.

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