Missed Fortune 101

A Starter Kit to Becoming a Millionaire

De: Douglas R. Andrew

Narrado por: Douglas R. Andrew

Isn't it time YOU became wealthy? Bestselling author and expert financial planner presents an extraordinary collection of must-have financial advice.
True or False?
Always prepay your mortgage.
The right 401(k) or IRA will completely cover your retirement.
Defer your taxes and postpone the pain.

True wealth doesn't last forever. They're All False! Missed Fortune 101 ...is like no other money guide you've ever read. Its author, successful financial strategist Douglas R. Andrew, dares to question the conventional wisdom on personal finance that most people accept. He reveals the ways banks, credit unions, and insurance companies amass tremendous wealth-what they do, and what they don't do. He shows you how to seize financial opportunities you never knew existed. With Missed Fortune 101 as your guide, you'll never view your house, your mortgage, your retirement plans, your investments, and your other assets the same way again.

Put the lazy, idle dollars trapped in your home to work safely-and reap as much as an extra million.
Discover hidden and perfectly legal tax breaks-and treat yourself to some surprising windfalls.
Play the bankers' favorite game-borrow at one rate and invest at a higher one.
Explore lesser-known retirement vehicles-and avoid falling into a higher tax bracket when you stop working.
Turn your life insurance policy into an investment-and keep your taxes down and your capital up.
Find out which low-return instruments should be in your portfolio today-and why they'll become high-return stars tomorrow.
Reach your "freedom point"-your financial independence-long before "retirement age"! Learn the real rules of smart investing. Maximize your wealth with Missed Fortune 101.©2006 Douglas Andrew. All Rights Reserved; (P)2006 Hachette Audio. All Rights Reserved.

Do Not Listen to this advice

To start with the author never stops 'selling' the book ("you will learn how to...", "I will teach you...” etc) it goes on and on. The narrator’s monotone delivery doesn’t help the matter.

Secondly, the first half is personal finance 101 for Homer Simpson, "duh".

Finally, [and yes, the author does eventually get to a point] the advice offered is logically flawed and potentially dangerous. The book makes the naive assumptions of continued economic growth and strong personal discipline on the part of the reader. You would do better investing the money you would have spent on this book and buy lottery tickets!!