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The Last Chance Millionaire: It's Not Too Late to Become Wealthy

Domain Name Com's - : The Last Chance Millionaire: It's Not Too Late to Become Wealthy


  


List Price: $24.99
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Binding: Hardcover
Dewey Decimal Number: 332.02401
EAN: 9780446580533
ISBN: 0446580538
Label: Business Plus
Manufacturer: Business Plus
Number Of Items: 1
Number Of Pages: 368
Publication Date: June 12, 2007
Publisher: Business Plus
Release Date: June 12, 2007
Sales Rank: 44955
Studio: Business Plus




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Editorial Review:

Product Description:
According to Doug Andrew, the bestselling author of Missed Fortune 101, too many Americans are being led down the wrong financial path. Even worse, many Baby Boomers find themselves panicking --fearful that they've already fallen too far behind to ever catch up. In this indispensable and eye-opening guide, Andrew provides fresh new pathways to reaching financial security -- pathways that all Americans need to consider now.



Centering on his Three Miracles of Wealth Accumulation: the Miracle of Compound Interest, the Miracle of Tax-Favored Accumulation, and the Miracle of Positive, Safe Leverage, Andrew explodes many of the commonly-held myths about 401ks, pensions, paying down one's mortgage, and other forms of retirement planning. Along the way, Andrew offers unique strategies that will not only increase your wealth, but also help readers enjoy their best years while securing their future.



Customer Reviews
Average Rating:  out of 5 stars

Rating: 3 out of 5 stars - Average
Last Chance Millionaire was an interesting read for me. I am not part of the boomers, but I have certainly started obsessing over my retirement. A subject that has become more and more important as this economy tanks.

Author Andrew takes a very detailed look at how we can accumulate wealth($$) even if we are starting late or from a position less than ideal. Andrew details and explains at length the influence certain factors have over our savings. These are: Compound Interest, Tax-favored ... Read More



Rating: 5 out of 5 stars - Great book, good information
This book will change the approach of many peaople that are close or in the retirement. Valuable information with especific direction.



Rating: 3 out of 5 stars - Interesting, but the world changed
I can't help but wonder if Andrew would have written the same book a year later. I'm adding this review because the two highest reviews when I checked today are seven months old, and the real estate world has changed a lot in those seven months. As noted in the other reviews, the gist of the advice is to get as much equity out of your house as possible and invest that money in universal life insurance instead of a paid-down mortgage.

Today, you'd have a hard time getting an interest-only ... Read More



Rating: 2 out of 5 stars - A big disappointment
Many, if not most, older Americans are ill prepared for retirement. They have less than $50,000 saved and most have far less. So there is a real need for a book that will help this large group learn to catch up. Unfortunately, this book does not live up to that promise.

The bottom line: Buy insurance. I don't think so. While I'm not a financial genius, I do know that you don't use insurance as an investment. Not the way the book describes.

There are many ways to accumulate money ... Read More



Rating: 1 out of 5 stars - Follow this advice at your own peril!
This book is primarily a sales pitch aimed at getting you to borrow against your home to buy indexed universal life insurance. The author advises you to not only not contribute to a 401(k) or IRA but encourages you to withdraw the funds to buy insurance. His illustrations regarding the tax consequences of distributions from your tax deferred retirement accounts are simplistic. He also omits entirely the tax savings you have when contributing to a 401(k). If you contributed $20500 (the limit for 2007 for ... Read More



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