"Money in Good Faith" Seminar Part 2

"Money in Good Faith" Seminar
18 November, 2012
Hour 2

7:30
Seated at the back table waiting and watching the visitors and presentation.
Our speaker today is Terry and it is his first time doing a presentation so he is a bit nervous.
He begins with a religious comparison of debt reduction due to the event being conducted at a church and all its members being church parishioners.
Focus of the beginning is showing how powerful compounding is.
The question asked is "Would you rather take a million dollars now or receive one penny on the first day of the month and doubling what is earned everyday?"
A small amount of guests do not answer but a majority do say that they would receive the million dollars at the start.
The higher amount is actually having the penny and having each day doubled afterwards.
The cost after a month would be about $10,000,000 which is quite a bit more than the initial one million.
Although this is interest at 100% it still shows that costs can add up everyday which is how most credit cards work.  The interest is built up everyday it is not payed.
Then this leads into the focus of the event, the Worth Account.
The Worth Account is initially a financial GPS that alerts you when to payoff any debts that you say you have.
Then he goes on for a few examples of people that were interested in using the software, now of course their names were changed to keep their information hidden.
After the examples he gives a brief history of the company to support its legitimacy.