Learning to avoid the unintended consequences of transferring your wealth to others, unknowingly and unnecessarily, should be everyone's goal. This audiobook will show you how to recognize and overcome these transfers. It will identify those who create the transfers and how they do it. They are destroying our personal wealth by creating situations, controlling the outcomes, and profiting from it. Truth and knowledge will reduce or eliminate these transfers.
Really valid ideas for managing your personal finances.... until the Republicans change the tax code to eliminate our favorite PERSONAL deductions in favor of business deductions. Then I guess we'll all become businesses.
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I will take with me for the rest of my life Bank On Yourself baby
This guy pushes the idea of carrying debt forever, in order to save money! This is an incredibly bad idea, especially in an environment where job retention is questionable! His logic is based on the tax deduction for mortgage interest. He doesn't mention that you are paying $10 for every $3 you get back in taxes. He is right that you are paying taxes on less money, but at what cost? Interest! Also, How many people actually save the difference between a 15-year and a 30-year mortgage payment? People usually get 30-year mortgages because the 15-year loan is too expensive! One saving thing in the book is about using whole-life insurance as a family asset protection tool, its far better than any term-life policies, otherwise the book is really a bad idea to follow.