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Cargando... The Last Chance Millionaire: It's Not Too Late to Become Wealthy (2007)por Douglas R. Andrew
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Distinciones
Personal finance bestselling author Doug Andrew shows you a remarkable way of how to plan for your retirement that most financial planners aren't even aware of! 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. No se han encontrado descripciones de biblioteca. |
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Google Books — Cargando... GénerosSistema Decimal Melvil (DDC)332.024Social sciences Economics Finance Miscellany And Personal Finance Personal FinanceClasificación de la Biblioteca del CongresoValoraciónPromedio:
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He says you should mortgage you house to the hilt, pull as much cash as you can out of your house, and invest it in life insurance policies. The interest on your debt is tax detectable, while the dividends on your insurance are tax free. So you get rich on the difference. It sounds good, but I could not find any insurance policies where the dividends were tax-free. I asked him about that, and he said only he knew where those policies were, and I would have to pay him to find out.
So I would have to go as deep into debt as I could, and then hand him the money. What could possible go wrong?
Of course, this was before the housing market collapsed. I suspect anyone who followed his advice ended up in a world of hurt. ( )