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| Missed Fortune 101: A Starter Kit to Becoming a Millionaire | 
 enlarge | Author: Douglas R. Andrew
Publisher: Business Plus
Category: Book
List Price: $23.99
Buy New: $0.01
You Save: $23.98 (100%)
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Avg. Customer Rating:  (78 reviews)
Sales Rank: 46318
Languages: English (Original Language), English (Unknown), English (Published)
Media: Hardcover
Number Of Items: 1
Pages: 304
Shipping Weight (lbs): 1.1
Dimensions (in): 9.1 x 6 x 1.2
ISBN: 0446576573
Dewey Decimal Number: 332.02401
EAN: 9780446576574
ASIN: 0446576573
Publication Date: January 3, 2005
Availability: Usually ships in 1-2 business days
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| Customer Reviews:
Gets you thinking March 23, 2007
5 out of 9 found this review helpful
Somewhat provocative - this introductory primer gets you thinking. A second opinion from an experienced tax specialist would be sensible in relation to some of the suggestions made, before taking action.
 Good strategy but beware of miguided sellers... March 21, 2007
18 out of 20 found this review helpful
I've read the book. I'm a graduate of the author's seminars for agents (and mortgage brokers)and one who's sat through a friendly competitor's
version of same. I've also witnessed at least 6 public seminars on the subject matter and like to think I have a unique insight to the concepts
discussed in the book.
For one, the strategy is sound, both in theory and real life.
I have implemented the strategies myself and have no regrets.
The problem with the author's approach is that he beleives so strongly in his position, he trains his agents and mortgage brokers to aggressively push all prospective clients to place every last available cent they own in to an Equity Indexed Universal Life contract. Knowing the author's background and ethics, I can say without hesitation that he is a "True
Believer" and NOT a get-rich-quick Scam artist.
The "invest it all" tactic may be okay for some, but other agents/brokers simply educate the prospective client and try to get them to understand/acknowledge that home equity is NOT all it's cracked up to be. In fact it's often times a wasted, nearly useless asset.
But many agents have failed miserably using the author's "All-or-Nothing" investment philposophy. No surprise there.
Other savvy insurance brokers/agents simply ask, "Do you have any underperforming investments?"
Of course you do - who doesn't?
Then an investor can dip his toe in the water by investing a small amount of money in an EIUL policy. If the investment performs well after a year, he usually wants to consider placing more $$$ in the EIUL policy at the policy's anniversary date.
Bottom Line about the book and author: Good strategy. Bad sales technique.
If you want to try this concept, find an agent who knows EIUL's, has read the book, has gone through the training with either author Doug Andrew or 2 or 3 other gurus of Andrew's ilk AND, most importantly, is comfortable with your desire to start with smaller investment amounts.
If the agent/broker wants you to dump everything you own in to an EIUL, no matter how sincere his intent, he's NOT someone you want to deal with.
Find someone else.
Have You Ever Heard of This March 8, 2007
5 out of 11 found this review helpful
After spending years and dollars figuring out what I DON'T KNOW about investing, it occured to me I should let the experts do it. The insurance industry is now on my side and I don't have to pay attention to all the other crap! I new this strategy was best but until Doug Andrews put it on paper, it was never quantified. Great Strategy and YES this IS for everyone
Missed Fortune 101: A Starter Kit to Becoming a Millionaire February 18, 2007
3 out of 9 found this review helpful
Excellent quick read on a real non-intuitive approach. It give you enough hard data to show the theory can be applied and it works!
Do Your Own Research! January 31, 2007
8 out of 12 found this review helpful
Read this book. Do your own research by speaking with professionals that understand and know how to implement the concepts (and have done it with actual live human beings). Whether you believe the Missed Fortune concepts or not, YOU'RE RIGHT!!
I do know one thing, if you do what the rest of the crowd does (i.e. try to pay off the mortgage asap, invest heavily in 401k's and IRA's) you WILL have what everyone else has.
Last time I checked, the majority of people in this country are broke, drowning in debt, have little or no emergency savings, life insurance protection, or retirement savings. These same people are getting laid off from MAJOR companies everyday, losing their pensions, and ... oh well, you get the point.
If you want to be like that ... please do what everyone else does. If all that matters to you is acceptance by the masses and what they do, keep doing what everyone else is doing. Keep in mind, "everyone else" will not pay your bills or take care of you during those tough times.
This book offers something different from conventional wisdom.
Take your financial future into your own hands. Find out for yourself or put your faith in someone that you trust and that knows better. It's your life, and yours alone. Good luck!
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