This is basically a multi-level marketing scheme This is basically a multi-level marketing scheme. We paid 101 Financial $4k to basically give us a spreadsheet to keep track of our income and expense (nothing groundbreaking) and to tell us about a personal line of credit and a home equity line of credit (HELCO). They talked us into putting our ENTIRE mortgage into a HELOC and it wasn't until we went through the lengthy process of paperwork and appraisal, that we sat down at the bank officer's desk and he told us it was only locked in at 3% for 3 years then we had to find another HELOC because the interest rate would skyrocket! We were locked into a mortgage with Wells Fargo in 2020 at 3% for 30 years and now we are facing refinancing our HELOC next year when the interest rates are nowhere near 3%! Major mistake. We should have stuck with our conventional mortgage with Wells Fargo. Our rep at 101 Financial said we would pay off our house much faster if we put it all in a HELOC because more of our payments go towards the principal (not entirely true). Well that might have worked for her, but not for us. The 101 Financial system is very complex and entangling. They preach a one-size-fits-all program for managing your money which is just not reality. We deeply regret making this decision and have not made any headway on our original loan balance bc 101 also said to use credit cards for daily expenses, then pay it off monthly using our income and checking account that is tied into the HELOC, using the HELOC as overdraft protection. It is basically a complete mess to manage. When I told our 101 rep that this is not working for us, she said "Yeah you might have to go back to the old way of banking. It doesn't work for everyone." We paid her $4k for this?!? She offered no guidance or support and just blew us off. I feel very taken advantage of and am now seeking help from a REAL trained money coach with an MBA in finance to get us untangled from this 101 mess. 101 'coaches' are not trained in finances, they are only trained in the 101 system and get paid for everyone who they recruit to get trained under them = pyramid scheme. Whatever you do - don't put your entire mortgage in a HELOC! You can learn about personal lines of credit and HELOCs for FREE on your own and use any basic app or spreadsheet to see what is your income and expense. Don't get taken for a ride by this 101 scam!

Life Changer Life Changer When I started with 101 financial - I never considered myself “in debt” but had a mortgage, loans, credit cards and just making it every month. Using different bank tools and the 101 smart banking system we were able to eliminate all consumer debt and focus on growing our wealth. We are living a much different life now and will be forever grateful for our 101 system.

Game Changer! Game changer! We thought we were pretty organized with our finances before 101 because we were using a different financial system. But we were wrong. Since using the 101 system we were able to organize our finances better, pay off $70K within 6 months, purchase our first home, and make our money work for us. We are currently working on purchasing our first and second investment properties within the next year. Hands down the BEST financial education system and family. Your team of family keeps you accountable without feeling overwhelmed, they meet you where you’re at with your finances without judgement and walk you through the process. Alan and his team genuinely care about bringing financial peace, and encourage you when you feel defeated. I’m thankful we were able to get join this Ohana because that’s what we are FAMILY!

I was so afraid that I would retire with debt I was so afraid that I would retire and drag debt into retirement with me. But, I heard about 101financial from my son and I took a leap of faith. I paid off $107,125.00 of debt in 1year and 9 months. Because of 101financial and all the like minded people and professional staff I am debt free. I am now looking for my first investment property!!!

Highly recommend for anyone who wants to level up their financial life! I enrolled in classes for 101 Financial in 2015 and it has helped me and my husband pay off close to 100k in debt! We paid off multiple student loans, credit cards, 2 cars, and helped us pay for our wedding. Our instructor was amazing in guiding us step by step how to utilize smarter banking strategies and is still there for us til today whenever we have financial questions! Highly recommend for anyone wanting to level up their financial life!