Also read Iona Minton's follow-up article:

Question:
Have you ever heard about the 'Wiseman' concept?

There is a website and apparently you pay your bond in six years without increasing your monthly instalments. For me it sounds too good to be true.

Answer:
I had a look at the website and I cannot establish what they are offering. It does, however, sound alarm bells.

It all looks a little 'esoteric' to me and is obviously some kind of network marketing or even a pyramid scheme. One needs to scrutinise anyone who calls themselves 'the perfect mind club'.

They say they can help you pay off your bond through the use of a financial calculator of some sorts and that theirs will give you the 'truth'. Well so will the other 99-million. My guess is that they want you to buy some kind of software.

They offer application forms for you to fill in, but do not tell you what it is for. I am surprised at the sheer detail they are looking for and to be honest I would never divulge so much personal detail on a website of this nature.

I will drop them an email to see if I can discover more about their 'wonderfulness' and give you some feedback.

Editor's note

Iona Minton, the author of this article and a well-known financial journalist, tried in vain to find out more about this concept. She was met with severe mistrust by the owners of the Wiseman Concept who, try as she might, did not divulge how it might work.

We still don't know anything new, except now there are even more alarm bells than before.

I might be wrong, but I suspect that many of the positive comments posted below this article were placed there by those directly involved in the Wiseman Concept.