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Missed Fortune 101 | ||
| Author: | Douglas R. Andrew | ||
| ISBN: | 0446576573 | ||
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For years most investors have listened slavishly to the constant drum of standard and conventional wisdom when it comes to our personal finances. But here's the ultimate question: what if much of what we have heard about investing is wrong? That's what Doug Andrew believes. For a long time he has presented highly regarded personal finance seminars for investing professionals and Andrew has taken on the biggest myths when it comes to where people put their money. This book explodes myths such as: you really shouldn't pre-pay your mortgage. Don't expect your 401k and IRAs to cover your retirement (there are better ways!). When you buy a home, get the absolute biggest mortgage you can. Don't be misled about the amount of equity you have in your home (after all, if your cash is tied up, you can't do anything with it). These are just the tip of the iceberg, as Doug Andrew provides dozens of insights that most Americans have never even considered or have been misrepresented in the general personal finance media. Missed Fortune 101: A Starter Kit to Becoming a Millionaire SYNOPSIS Financial planning consultant Andrew explains how ordinary people can build significant wealth using strategies that are contrary to traditional approaches. He begins with an overview of legal methods for avoiding unnecessary taxation. The remaining ten chapters discuss such topics as managing home equity, choosing the right investments, and using life insurance to enhance retirement income. The volume lacks bibliographical references. Annotation ©2004 Book News, Inc., Portland, OR
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