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Missed Fortune 101: A Starter Kit to Becoming a Millionaire

From Business Plus

Author : Douglas R. Andrew
Binding : Hardcover
DeweyDecimalNumber : 332.02401
EAN : 9780446576574
ISBN : 0446576573
Label : Business Plus
Manufacturer : Business Plus
NumberOfPages : 304
ProductTypeName : ABIS_BOOK
PublicationDate : 2005-01-03
Publisher : Business Plus
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Customer Reviews

Rating:
Summary: Insurance advisors tell other Insurance advisors to stay away from this book.
Comment: Respected insurance specialists like Lew Nason, Roccy DeFrancesco and Dick Duff are writing articles advising other insurance professionals about the many problems with this book. Mixed & dangerous messages that will hurt the client and insurance professional. Stay away!
Rating:
Summary: Great book
Comment: I can honestly say that this is one of the best books I have ever read.
Rating:
Summary: Good thing I didn't believe it
Comment: I wanted to give it 0 stars, but I guess that's not available. My mortgage broker gave me this book to read, after he convinced me to refinance after he failed to convince me to go with an interest-only mortgage. I am no expert, but I thought it was a bit too crazy for my taste. I was reorganizing my bookshelf and noticed it today, so I wondered what people might be saying about it here on Amazon after the mortgage bubble burst. Well, anyway, it's a bunch of bs. Glad I didn't pay for it.
Rating:
Summary: How To Lose Your Home & Retirement and Lose Your Home in the Process
Comment: As someone who works in the financial industry, sells investments and insurance, guides clients to prudent investment strategies, I have to say the book is loaded with tripe and miss-information. Who but an idiot would mortgage their home, cash in their 401k and IRAs, suffer the taxes and penalties on early distributions so they can invest everything in an universal life policy.
Yes, I read the book cover to cover; not once but twice. This is a very dangerous book. It went in the trash when I finished it.
If you're looking for a prudent way to invest, I'd suggest "The Intelligent Investor," by Benjamin Graham.
"Missed Fortune 101" is Douglas Andrew's contribution to the housing and credit crunch we're in today.
Rating:
Summary: Missed Fortune 101
Comment: Not as easy to read as "Untapped Riches", but informative and similar information. Mostly discusses keeping a mortgage, getting no interest mortgage if you can, and little money down so that the money you keep you can invest and grow. Funny, all these books use 8% return as the qualifying rate over 20 years which sounds nice, but returns on anything can be iffy.