Missed Fortune 101: A Starter Kit to Becoming a Millionaire | Douglas R. Andrew

Missed Fortune 101: A Starter Kit to Becoming a Millionaire | Douglas R. Andrew | Not full disclosure

books:

Missed Fortune 101...

	Missed Fortune 101: A Starter Kit to Becoming a Millionaire Douglas R. Andrew Business Plus, 2005 - 304 pages average customer review:based on 78 reviews view larger image
	for more information click here

highly recommended

MISSED FORTUNE 101is like no other money guide you've ever read. Its author, successful financial strategist Douglas R. Andrew, dares to question the conventional wisdom on personal finance that most people accept. He reveals the ways banks, credit unions, and insurance companies amass tremendous wealth-what they do, and what they don't do. He shows you how to seize financial opportunities you never knew existed. With MISSSED FORTUNE 101 as your guide, you'll never view your house, your mortgage, your retirement plans, your investments, and your other assets the same way again.

for more information click here

New Ideas that seem like commn since once explaind by Dough Andrew in this book.

Dough Andrew has many ideas that seem to go against traditional ideas of investment. But once you read his book it seems like common since and you wonder why no one has presented these ideas before.

Very respectfully,

Marty Burbank, JD, LLM(tax)

Not full disclosure

I have read both of the MF101 books and find that they do not fully disclose the potential pitfalls of equity harvesting. I believe as a mortgage planner, it is my duty to introduce my clients to the concept of equity harvesting; however, under full disclosure. Equity harvesting can be a powerful wealth building tool, but before implementing equity harvesting, one must be aware of the pros and cons. I believe many advisors unknowingly may be opening themselves up to potential lawsuits by not fully disclosing the potential downsides to equity harvesting.

MF101 seems too much like a salse book created to sell life insurance products. Missed Fortune 101 implies that someone would be an idiot if they did not refinance their home and invest it in life insurance contracts. Can equity harvesting be a viable option for wealth building? Absolutely. However, the fact is that equity harvesting is not for everyone; therefore focusing on becoming debt-free, including paying your mortgage off early, is often times for many, the best course of action to take.

MF101 is nebulous in many of the concepts, and does not give full disclosure.

for more information click here