Centering on his Three Miracles of Wealth Accumulation: the Miracle of Compound Interest, the Miracle of Tax-Favored Accumulation, and the Miracle of Positive, Safe Leverage, Andrew explodes many of the commonly held myths about 401ks, pensions, paying down one's mortgage, and other forms of retirement planning. Along the way, Andrew offers unique strategies that will not only increase your wealth, but also help readers enjoy their best years while securing their future.
©2007 Douglas Andrew; (P)2007 Hachette Audio
"Mixes familiar wisdom...with a refreshingly down-to-earth plan for becoming a Thriver, whose money is busily working away, tax-free or tax-reduced, to provide stability and enjoyment in the golden years." (Publishers Weekly)
The first four chapters reminded me of a late night TV sales pitch. Fast forward through them. Based on listening to Andrew's pitch, visiting the author's web site and reviewing the case studies developed in the audio book and augmented online with detailed planning documents, I concluded that the real function of his business is to sell insurance in the form of indexed universal life (IUL) policies. As an economic activity this is the only possible conclusion of how he derives income for his company. Conceptually the idea of extracting the equity from you home and investing it is a well established idea that he seems to think he discovered. His only real contribution in the book that impacted me is the arbitrage concept of home equity value being re-positioned. His sales pitch on the IUL policies ignores other tax advantaged investments. I did not find it worth an Audible credit. Flip through it at Barnes and Nobles, note the web references(which he cleverly only reveals in his text/audio and does not provide a site navigation map for. Visit the site and you can get all the value you can extract from this book and can use your Audible credit for something less financially evangelical and self serving.
Report Inappropriate Content