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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: $0.34
You Save: $23.65 (99%)
Buy New/Used/Collectible from $0.34
Avg. Customer Rating:  (78 reviews)
Sales Rank: 11999
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:
 This is a fantastic book! January 18, 2007
9 out of 14 found this review helpful
This is trully a fantastic book. Many folks get turned off by the book because they might be under the impression that it is a get rich quick type of book, but it really is not. Mr. Andrew provides rock solid ideas and reveals many money myths that most financial planners and the general public are just not aware of. If you trully want to understand how personal finances work and how they can be leveraged to achieve the highest potential returns along with the tax benefits to go with it, this book will educate you on that.
I highly recommend this book to anyone that has been misguided by HR managers, and so-called financial experts that are so prevalent in the media and on the internet.
Also Missed Fortune 101 is a simplified version of the original Missed Fortune book. More details and the mathematical proof of everything Mr. Andrews writes about is in that book. Enjoy and be prepared for a wealthy retirement!
Smartly Unconventional January 15, 2007
6 out of 11 found this review helpful
Everyone else says,"Pay off your mortgage, save away in your 401k (IRA)." Well, Doug Andrew shows you that this is NOT the best way to create financial independance and in fact may prevent you from enjoying all the fruits of your labor. Instead of 401k's or IRA's he recommends arbitraging your home equity into conservative life insurance policies which grow tax-free and can be accessed tax free in the future. You do this by exploiting the tax-deductable interest on your home mortgage (he carefully warns against creating a mortgage for consumer spending - which leads to bankruptsy). By using Andrew's approach you could end up with twice the spendable retirement income and still leave a boatload of money to your heirs. I'm giving a copy of this book to my accountant, my lawyer, and all my financial advisors.
Follow up 10/9/07: Three of my financial advisors read the book. Two of them advised strongly against it (see Doug Thorburne's review above). The third advisor (a CFP with an insurance license) was neutral but warned against escalating insurance costs with time and possible policy collapse. I hereby change my rating to 1 star and I suggest people seek advise from 2 or more financial planners before mortgaging their home.
Good Financial Book November 4, 2006
4 out of 10 found this review helpful
If you are interested in accumulating wealth, get this book. It has some ideas and methods that you probably never thought of before. I am going to try the new methods that I learned here.
 SirWired September 22, 2006
12 out of 27 found this review helpful
Last night at our Investors Group meeting we listened to the speaker explain the basics of the plan in the book. Before I bought it I wanted to read the reviews. Yours was very good, except that I wish you would read the book and then come back and tell us what you think. I haven't bought it yet.
I've sat thru enough free financial seminars to know what insurance plan you are are talking about. It is called an Indexed Annuity. The money is never in the stock market but it "indexed" to the return on the S&P or whatever stock market index. In those presentations, you never lose money because in good years your yearly $ amount is frozen so that if the next year is bad, you start back at the frozen amount, not from the bottom of the bad year. There is a cap, so in a real bull market, you would not get the same return you would get in the S&P Index you may have bought thru a broker. Supposedly there is an entity that insures the company and if the insurance company you had should go under, you change to another company without starting all over with a new annuity. I didn't buy the product, but they are heavily marketed to seniors with large IRA's and 401K's.
Off to look at the website....
Awesome..definitely "outside the box" material September 14, 2006
5 out of 15 found this review helpful
I could NOT put this book down. If you seriously want a financial plan that has ALL the benefits, then embrace this book.
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