Missed Fortune 101: A Starter Kit to Becoming a Millionaire

by Douglas R. Andrew

Overview

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.

Product Details

ISBN-13:	9780446693516
Publisher:	Grand Central Publishing
Publication date:	04/29/2010
Pages:	304
Sales rank:	535,339
Product dimensions:	5.90(w) x 8.90(h) x 0.90(d)

About the Author

Douglas Andrew is currently the owner and president of Paramount Financial Services, Inc, a comprehensive personal and business financial planning firm. He is the bestselling author of Missed Fortune, Missed Fortune 101, Last Chance Millionaire, and Millionaire by 30.

Table of Contents

Foreword xi

Preface xiii

Chapter 1 All the Dogs Barking Up the Wrong Tree Doesn't Make It the Right One! 1

Chapter 2 Taxes Are Actually an Asset! 18

Chapter 3 Plan Your Retirement-Not Uncle Sam's 37

Chapter 4 Solve Your IRA/401 (k) Dilemma 57

Chapter 5 Free Yourself from the IRA and 401 (k) Trap 81

Chapter 6 Learn to Manage Home Equity Successfully 100

Chapter 7 Manage Your Mortgage to Create Wealth 120

Chapter 8 Homemade Wealth 144

Chapter 9 Choose the Right Investments 170

Chapter 10 Structure Your Life Insurance to Perform as a Superior Investment 192

Chapter 11 Access Your Money Tax-Free at Retirement 216

Chapter 12 Give New Life to Your Assets-Develop the Proper P.L.A.N. 244

Index 273

Editorial Reviews

The author's voice and the snappy clarity of his writing have a wonderful optimism that serves his ideas well as he makes useful and detailed suggestions on the process of attaining wealth. His main points are expertly organized into the four phases of the wealthy life: contributing to a retirement nest egg, investing or multiplying the amount of money in the nest egg, distributing it for use when the time comes, and transferring it to others at death with as little taxation as possible. He offers tips and strategies on using home equity, life insurance, tax breaks, and investment vehicles, as well as offering rationales that are comprehensible and powerful. He's especially good at laying out lengthy discussions of financial logic without losing his listeners' attention. T.W. © AudioFile 2007, Portland, Maine

AUG/SEP 07 - AudioFile