Missed Fortune 101 : A Starter Kit to Becoming a Millionaire

Rating:
Summary: Not for Financial Jelly Fish
Review: This book is not for weak kneed. It will challenge conventional thinking and make the reader stretch mentally. The concepts are sound and time tested, so they are reliable. I have heard Mr. Andrew speak on several different occasions and have always been informed and impressed by his depth of knowledge, insight and creativity. The key to the man and his book is toward the end when he begins to talk about multi-generational outlooks.

This book has potential to bring dramatic changes to the way we prepare for our future and how we utilize wealth building principles.

Rating:
Summary: Good Analysis of Personal Economics
Review: We've heard it all before. the way to get ahead is to buy a home, get a cheap mortgage, and pay it off as soon as you can. Sink as much as possible into an IRA or 401(k( plan, The most important part of accumulating wealth is getting a high rate of return.

In this book Douglas R. Andrew presents an explosive and contrarian book that openly challenges the most basic and fundamental tenets of personal investing. Unlike any other monty guide available he explains how people can really accumulate and preserve wealth by turning conventional wisdom on its head.

The approach he follows is to use debt wisely and to invest in ways that the money you have borrowed will return more than you pay to get it. In a lot of times, in a lot of economies this works quite well. In 1929 it didn't. It's well worth reading this book for the understanding that Mr. Andrew brings to financial management. It's up to you do made your own decisions as to the route to follow.

Rating:
Summary: Practical but Mundane
Review: When I first seen this title I felt a quickening of my blood because I am the type of person that is addicted to novel ideas about creating wealth. I guess I'm more of a Robert Allen type of reader in that I want to see creative wealth building ideas, coupled with unique strategies.

Sadly, while this book is very well written and certainly serves a purpose for older people approaching retirement, much of the information did not seem suited for my dreams. For example, this book discusses, taxes, IRAs, 401(K), building home equity, and obtaining life insurance as the main ingredients to wealth creation. A bit pedestrian, in my opinion.

If you are looking for this type of info, buy the bok, you won't regret it. However, if you are looking for some entrepreneurial oriented, business start-up type info, look elsewhere.

Although the book did not suit my specific needs, I ranked it with 5 stars because it is well written and provides valuable info.