Kirjahaku

For years most investors have listened slavishly to the constant drum of standard and conventional wisdom when it comes to our personal finances. But here's the ultimate question: what if much of what we have heard about investing is wrong? That's what Doug Andrew believes. For a long time he has presented highly regarded personal finance seminars for investing professionals and Andrew has taken on the biggest myths when it comes to where people put their money. This book explodes myths such as: you really shouldn't pre-pay your mortgage. Don't expect your 401k and IRAs to cover your retirement (there are better ways!). When you buy a home, get the absolute biggest mortgage you can. Don't be misled about the amount of equity you have in your home (after all, if your cash is tied up, you can't do anything with it). These are just the tip of the iceberg, as Doug Andrew provides dozens of insights that most Americans have never even considered or have been misrepresented in the general personal finance media.

There are approximately 100 million people in America between the ages of 16 and 30. This generation has just entered, or will soon be entering, the work force and they have no idea how to invest, save or handle their money. Young people today come out of school having had little or no formal education on the basics of money management. Many have large debts from student loans looming over their heads and many feel confused and powerless when their pricey educations don't translate into high paying jobs. They feel that their $30,000-$40,000 salary is too meager to bother with investing, and they constantly fear that there will be 'too much month left at the end of their money'. Douglas R. Andrew has shown the parents of this generation a different pathway to financial freedom. Now Doug and his sons, Emron and Aaron - both of whom are in their mid-20s - show the under-30 crowd how they can break from traditional 401k investment plans and instead can find a better way by investing in real estate, budgeting effectively, avoiding unnecessary taxes and using life insurance to create tax-free income.