Debt Helper for Millennial Study
The Debt Helper for Millennial is a financial GPS that directs the user to pay off their 30 year mortgage in 5-7 years, without making extra mortgage payments. Consumers who use this smart debt elimination tool will save up to 70% of the interest on their 1st and/or 2nd mortgage, without spending more or adding any more money to their existing budget. The patented Debt Helper for Millennial won an Ernst & Young award in it’s 2nd year, the app shows the user the exact date they will be debt free and its debt reduction results are guaranteed.
The Debt Helper for Millennial is easy to install, installation takes 5-10 minutes. This financial literacy app works on all kinds of debt; credit cards, residential and commercial mortgages, auto, equity, personal, student, equipment and business loans. This financial literacy app can manage 30 mortgages and all personal and/or business debt simultaneously, it can also be securely connected to most bank accounts.
The app prioritizes your debt and pays the most costly loans first and continues this method until all the user’s debt is completely paid off.
Debt Helper for Millennial - Game Changer
The solution uses an algorithm based on the methodology implemented by banks to maximize interest gain. It floats debt strategically moving money into the right accounts at the right time. The algorithm also integrates four money saving principles; strategic payoff, interest accumulation, interest float and interest cancellation. The app is programmed to change an amortization table from being in the bank’s favor to being in yours.
This is a game changing solution. Being able to pay a mortgage in 5-7 years means that a baby boomer in his 60s, still has time to buy a home. This app gets the user to equity faster, to more savings, more disposable income, more money for investing and more money for retirement, simply more wealth.
Debt Helper for Millennial - GPS
The Debt Helper for Millennial serves as an intelligent mobile financial planner, educator and guide that keeps the user on track, prompting them to follow the optimized road map to debt freedom. This includes payments, account or money movement instructions, the dates and times those payments or moves need to be made.
A user can enter a potential purchase into the solution to see its true consequences, interest and debt implications, as well as the effect the purchase will have on their net worth. The financial literacy app also shows the user how they can quickly pay off the new loan or purchase, and it adjusts to the new date in which the user will now become debt free.
The Wealth Gap
Financial illiteracy is the #1 Economic Crisis in the World, which impacts more than 5 billion people across the planet.
There is a wealth gap in the United States that is threatening Americans’ aspirations for social advancement and equal opportunity. Minorities, women and the least educated have some of the lowest financial literacy rates in the nation, a major concern for businesses that see attracting a more diverse workforce as a business imperative.
The financial literacy app equips the user with the knowledge and skills to be able to make sound financial decisions that will help them manage money more effectively. It shows the user how money works, how money is made, spent, and saved as well as how to manage debt.
Consumers that use the app generally become better at making financial decisions and they learn that their money can work for them.