Product Description
In recent years many smart investors have exited the stock market because they have essentially lost control of their investments. They have relied on the advice and skill of their brokers, bankers, and financial advisors. Many retirement accounts have dwindled or not increased. Fortunately, there is a great but little-understood alternative: the self-directed IRA. This new book will teach you how to turn your IRA into a wealth-building tool that you control 100%! Take control of your investment future, and make sure your investments are performing for YOU, not someone else. Why haven t your banker and broker ever told you about this new IRA? Because they will no longer make any money on your retirement account! New IRS regulations and the new self-directed IRA make it effortless to build up and keep hold of IRA money. Inside this new book you ll find out how to benefit from the new IRS rules and how to stay away from problems. With a self-directed IRA you can purchase real estate, buy a business or franchise, invest in high-yield mortgages and notes, invest in tax liens and foreclosed homes, manage property purchased by your retirement, rental property, ocean-front property, lake-front property, probate property, commercial property, REO property, tax-lien property, repossessed property, foreclosed property, apartment communities, and storage facilities. You can invest in stocks, bonds, mutual funds, or virtually any investment allowed by IRS regulations. The self-directed IRA lets you act as your own investment manager. We will show you how to set up your account with a custodian or IRA administrator to deal with the day-to-day activities, such as depositing contributions and executing and settling investment transactions. It s easy, fun, and puts you back in control of your retirement account. Retire Rich with Your Self-Directed IRA combines essentials, insight, and insider secrets to secure a financial victory after retirement. **Award-Winning Finalist in t
Customer Reviews:
If You Didn't Know Before, Now You Do!.......2007-03-23
From the moment you start reading Nora Peterson's book, Retire Rich With Your Self-Directed IRA: What Your Broker & Banker Don't Want You to Know About Managing Your Own Retirement Investments, you cannot help but feel at ease. It is clearly arranged in a very orderly fashion and very easy to follow. The use of her fictional character Jo, made it easy for you to follow along as if you too were walking along with Jo in her journey to financial stability after retirement. This book offers great insight into a world that many are afraid to even venture near, myself included. The step-by-step approach with the aid of the IRA Primer would help even the most common person with no prior knowledge or understanding of finance. It forces one to think about their goals in a long-term sense. The discussion around estate planning is one that is seldom addressed when planning for the future. It is necessary for a person to understand the tax codes and laws governing IRA's and other forms of retirement investment, especially when trying to avoid penalties and other losses to future income. The non-traditional forms of investing using the self-directed IRA were also very clearly explained and encourage the reader to think for him or herself. We are the arbiters of our own destiny! I would highly recommend this book for anyone who has questions or have not previously thought about preparing for their financial future.
Irate with your IRA? Read this book!.......2006-12-19
Are you 20-40 years old? Do you have $100,000 in liquid assets? Does your company provide a 401(k)? How about IRA's? Are you a current contributor to one? Would you like to retire in comfort, preferably before you are 70?
If you answered yes to any of these questions, then this is the book for you. I'll admit up-front that I only answered yes to three of these myself - and the liquid assets and 401(k) were not them. I bought this book, but I was afraid it would be filled with technical mumbo-jumbo that would make my eyes glaze over in defeat. Luckily that was not the case at all. In fact, I read this book in less than 24 hours, and plan on reading it again and again and . . .
Peterson starts out slowly, explaining assumptions and terminology. Then we get to meet Joanne Moneymaker (that's Jo for short) who, after being a victim of corporate downsizing, has to decide what to do with her 401(k) funds. The author walks her through all the choices, explaining them in simple language with plenty of illustrations and charts - and the benefits and disadvantages of each. For those of you who are more advanced than I, you can skip the first few chapters and plunge right on in to the hard numbers. Penalties, taxes, and general IRS red flags are covered and warnings are peppered throughout. That being said, this book walks a person through taking charge of their own retirement and finances by moving to a self-directed IRA and using said funds to:
1) Buy and sell real estate - traditional versus nontraditional real estate sources
2) Become a landlord
3) Become a lender
4) Owning a business
5) Buying precious metals
Additionally, Peterson covers areas within these divisions such as risk management, repossessions, REO properties, subcontractors, and credit risks. The book ends with planning for distributions and quite a bit of information about estate planning. Unfortunately, I am not in a position where I can go out and buy properties or make loans or buy precious metals. However, now I know what is out there and what I need to work towards. Whether you're just starting to plan your retirement or are well into the process, there is something here for you. Call it IRA's demystified!
At Last! A Book That Leads the Way to Financial Independence!.......2006-12-16
I'm not an investment expert--far from it. Truth is, I'm a Baby Boomer who's been ignoring one important financial fact for way too long: I'm getting closer and closer to the age when I'm "supposed to be" retiring comfortably. And I'm only now starting to worry about not being able to afford to retire.
Imagine my relief when I discovered Nora Peterson's Retire Rich With Your Self-Directed IRA and learned that it's never too late to put a game plan in place to accumulate greater retirement wealth. I can still chart a successful course to financial independence. Using a fresh, conversational tone that makes no lofty assumptions about the reader's investment smarts, Peterson delivers solid, nuts-and-bolts guidelines for finding and using the money-making tools and techniques we've all had access to all along--but didn't know about!
By putting readers in the imaginary shoes of Joanne Moneymaker (Jo), the book steps us through a broad range of real world scenarios and little-known, proven strategies for taking control and steering past, present, and future IRA retirement funds toward greater wealth. Through Jo, we learn the secrets of paying less taxes, keeping what's ours, and building strong and sustained return on our investments. Nora Peterson's Retire Rich With Your Self-Directed IRA has arrived just in time with good news for us "boomers": A comfortable retirement is within our reach. And by using the know-how contained in these pages, we'll get there!
Take Control of Your Retirement Investments!.......2006-11-02
It's a revelation! I happened upon this book and it revealed to me retirement options that I had no idea existed. The author, Nora Peterson, explains that unlimited opportunities exist for increasing the value of retirement accounts through the use of a self-directed IRA.
Instead of traditional approaches to investments, she says, consideration should be given to a self-directed IRA . . . a method of investment that is significantly more flexible than conventional IRA and 401(k) plans, conforms to IRS rules, and offers the investor full control over his or her accounts.
The book compares the results of investing using conventional strategies with the self-directed IRA and explains the route and rules for setting up a self-directed IRA. Ms. Peterson also describes investment options that I had not before considered, like investing in real estate-secured notes, real estate purchase options and precious metals, and includes chapters on estate planning and planning for distributions for the IRA account.
This books presents a novel approach to retirement investments, and presents it comprehensively. It's a more than worthwhile read.
Retire Rich with Your Self-Directed IRA: What Your Broker & Banker Don't Want You to Know About Managing Your Own Retirement Inv.......2006-10-21
Retire Rich with Your Self-Directed IRA: What Your Broker & Banker Don't Want You to Know About Managing Your Own Retirement Investments by Nora Peterson, published by Atlantic Publishing Group, Inc.
Rating: 5 stars out of five.
If you've ever lost money in the stock market while relying on a broker, banker, or other financial advisor, this book is for you. Retire Rich with Your Self-Directed IRA describes an alternative to letting others manage your retirement investments, the self-directed IRA. This book explains in 345 pages how to use an IRA, usually a Roth IRA, to build wealth through your own control. It covers setting up an IRA, the kinds of funds to invest, and how to move funds from a standard IRA to a self-directed IRA. It also describes how to manage your investments while allowing an administrator to handle the day-to-day paperwork, the laws of which to be aware, and how to avoid pitfalls in very specific advice. Insider secrets are included.
The author, Nora Peterson, has been involved in investing in financial markets for more than 30 years. In this excellent resource, she discusses a wide range of investments brokers don't offer and estimates potential returns. The returns she projects are much larger than earnings from stock market investments would be. In addition, she explains that there are no taxes on investment income from a Roth IRA, because the investment has already been taxed. This results in significant tax advantages of which I had never been aware. Everyone planning for retirement should read this book. It opened my eyes!
Book Description
The way to achieve the goal of a lifetime.Its the dream that is quickly becoming a realitymaking so much money at an early age that you could decide when to retire, knowing full well that you have enough stashed away to ensure a life of comfort. In this new book, the fifth in the Rich Dad series, financial guru Robert Kiyosaki provides practical insight on how to put together a financial plan which will not only make you prosperous, but will also allow you to map out the freedom to choose your own retirement age.Retire Young Retire Rich follows the smash success of the four previously published titles in the Rich Dad series, all of which are New York Times bestsellers. The series has also appeared on the Wall Street Journal, Business Week, USA Today, and countless other business bestseller lists.Rich Dad Poor Dad is a starting point for anyone looking to gain control of their financial future. USA Today
Download Description
It's the American dream;to be able to make so much money at an early age that you could decide when to retire, knowing full well that you have enough money stashed away to ensure a life not burdened by financial restraints. In this new book, the fifth in the Rich Dad series, financial guru Robert Kiyosaki provides practical insight on how to put together a financial plan which will not only make you prosperous but will also allow you to map out the freedom to choose your own retirement age. Built upon Kiyosaki's own personal experiences; he retired at the age of 49; he shows how you can take advantage of smart investments in real estate and in the stock market to help you control your own financial destiny.
Customer Reviews:
Check Out the Person.......2007-06-28
Saw this guy hawking his hype on TV and decided to do a little background checking. While his general priciples are expoused by any financial "guru" the fact remains he's been bankrupt at least once following his own information. Real estate is risky business and not the bed of roses he makes it out to be. Just wait until your first stinker of a renter and when the state comes a calling because the person you rented a 1 bedroom apartment to has two kids and the law doesn't allow this (after the person told you they had no kids).
Wouldn't surprise me that most of his money comes from selling these books more than real estate.
A good read.......2007-05-22
Like other author's book, this one is also easy to follow, a good bedtime read. Unfortunately like other books it lacks more specific detail on the subject although it is present more here then in the other books.
The whole series is a good eye opener but author would do all of us a favor if he would make all of it into one book.
Good Motivator.......2007-02-26
Once again, the Rich Dad series has an inspiring and motivational book. No it doesn't give you all of the answers, but tells you how you need to think to be rich. Why do most lottery winners go broke? Because they don't know how to think and act rich and just blow their money. This book will definitley help you think rich and become rich if you beleive in yourself.
A bit old.......2007-02-16
This is Rich Dad Poor Dad reprinted with a few additions. The message of the book is correct: create assets that create passive income, avoid debt, get out of the rat race, don't count on job security etc.
One element is missing, though. The risk of building a business is also high, as well as failure rate. Kyosaki is a very successful businesman, but like many other successful people he fails to mention the role of chance in building a successful business. Yes, if you persevere, you may build a good business and become financially independent. But you also have a chance of being broke, bancrupt and have a heart attack. Dentists on the average financially do better than college dropouts, even though some of the dropouts may become very rich, like Bill Gates.
By all means, read this book and follow its principles. But read also Taleb's "Fooled by Randomness", a sobering balancer.
Order is Not Important - The Message Is!.......2006-12-04
Many know that I am (proudly) an advocate of the teachings of Kiyosaki. However, that does not mean he can get off without some constructive criticism every now and then as I see it.
First the positive: Retire Young - Retire Rich (RY-RR) is an solid (but not necessarily essential) component of the RDPD series of books/products. Within RY-RR one will review the key components of his prevous books and add to the base the important role of leverage and how it accelerates one's goal of becoming financially independent/wealthy. As I have stated in previous reviews, he begins his books after RDPD with a sound review of previous lessons and fundamentals and ends with new thoughts/introductions to new concepts. Within RY-RR leverage is applied/incorporated to the teachings of the first three books of his RDPD series and when combined - accelerates wealth-building. Specifically, he introduces an explanation (backed by sound references - primarily by government sources) of the passive-portfolio income levels. Second, he discusses in-depth that retiring young and rich is not about thinking differently, but thinking the opposite of how the poor and middle class think. Next, in Section III (until the end), he goes into the leverage of passive and portfolio income strategies that will accelerate one's goal of becoming financially independent while you're still young enough to enjoy it.
However, there are flaws. This book, if you read the first three books in the series (and maybe the fourth, which I don't consider in my reviews because of the target audience, which I am not a part of) will be slow - Sections I and II were forced reads. One may find the need to read hoping to catch every gem of wisdom and thought of a powerful force in the finance/investment world (Kiyoaski), but may find it slow. Having read the first few books in the series, the power and discussion of leverage may seem a bit late - either because you know about it and/or discovered it if you are an action-oriented reader. Also, I agree that the concept of leverage is important - it is a KEY ingredient to beooming financially successful and independent. This book would have been better placed within RDPD and CFQ with Section III being incorporated within Rich Dad's 'Guide to Investing.'
Now if you are only a casual reader of investing and finance then let me disclaim and insert a spoiler: Read pg. 104 and you have what you're looking for. But if you really want to continue in building your millionaire mindset influenced by Kiyosaki - read the entire book and have fun with Section III.
The good news as the reviewer of this book is that Kiyosaki stands firm and I believe in his concepts because they are many of the concepts I utilize in my investments. Furthermore, a financial paradigm shift is a on-going process. Sometimes redunancy is good - but again, in this particular book, it goes on too long. Allow me to give you some key points to focus on:
- Serving more and more people with less and less effort
- Adhearing to and following your plan even during times of disappointment
- Conepts of shorts, puts, and options - don't gloss over this: If you are a "doer" in this section, you may disagree with Kiyosaki points (some of which I do), but the concepts are well-explained in lay terms.
Bottomline: Is RY-RR essential reading in the Kioyaski series? The answer is "no," plain and simple. Is it worth the read? To use one of Kiyosaki's favorite phrases: "It depends." It depends on where you are financially, your knowledge base, and your understanding and application of his previous work. But just as important: It depends on your patience to get through the first two sections of the book and overcoming what I am confident will be a shared opinion: Your willingness to hear the same message again with the topic of leverage appearing two books too late.
Oh - least we all forget: Kiyosaki, as of the placement and order of this book within his series, does not give you a blueprint. So, if you're reading hoping that it's written with concrete steps of how to reach the affluent-super rich categories then don't buy - I will argue that you will be disappointed almost with every book written by him. But if you seeking fundamentals and looking to increase your knowledge level and expand on the mind-set format of which he writes for a practical $18.00 value - you may enjoy (all points considered in the review above).
Book Description
This guide from bestselling real estate authors de Roos and Kennedy shows you how to use tax-free retirement funds to invest in real estate. Using real estate IRAs, you can combine the tax benefits of retirement funds with the high rates of appreciation in the real estate market, growing your retirement investments by leaps and bounds. This handy book shows you how.
Customer Reviews:
The Insider's Guide to Tax-Free Real Estate: Retire Rich Using Your IRA.......2007-09-05
This book was a great surprise! I thought that I was getting another book on IRA investing, but it was also informative about a new product that I had not heard of called the Solo 401(k). Really, this book is a must read for everyone...especially for people who have reached income limits for contributing to their IRA. It is also extremely helpful with ideas of how to purchase real estate within the self-directed retirement vehicle. I used the information in this book to redirect my investment goals!
Book Description
Financial Freedom You Can Only Get When You Hit 62!
Whether you're exploring a reverse mortgage to finance a home improvement, pay off a current mortgage, pay for health care expenses, or generate monthly income to improve quality of living, you're one of the thousands of Americans age 62 and older who are turning to this lucrative way to build income.
Simply put, with reverse mortgages you no longer pay the bank, the bank pays you. In The Reverse Mortgage Advantage, renowned real estate expert Warren Boroson presents a thorough examination of the ins and outs of this intriguing investment method. Boroson dispels any myths and puts crystal-clear focus on the pros and cons of reverse mortgages.
With real-life case studies and practical examples, The Reverse Mortgage Advantage shows you how to:
- Transform a “house-rich, cash-poor” situation into tax-free equity
- Choose between a lump sum, a line of credit, a monthly income, or a combination
- Find a reputable HUD-approved reverse mortgage counselor in your area
- Minimize setup fees and related charges
Customer Reviews:
The Reverse Mortgage Advantage - for the "house rich and cash poor".......2007-09-05
Reverse mortgage is a loan made to a home owner-age 62 or older- against the equity in the home. It may be suitable for those who have much equity in their own home, want to live in the home until their death, and need cash to do this. But, they are also costly mortgages. This book is recommended for anyone considering this product either for one's self of for a parent. With lots of information and definitions, it describes what is out there and where to get more information. The book features the Department of Housing and Urban Development (HUD) Home Equity Conversion Mortgage (HECM) which is insured by the federal government, but also describes several "proprietary" products. The book goes well beyond its title and provides useful knowledge and suggestions for any senior who must manage limited resources. The author has considerable knowledge but tends to jump from topic to topic, often returning to points he made earlier. As a result, it is hard to find something in the book without reading the whole book. There are also occasional, though minor, mistakes. For example, 0.5 per cent is 50 "basis points" and not 5. You will be better prepared to consider and evaluate reverse mortgages after reading this book.
Right from the horse's mouth!.......2007-08-28
This book tells all you need to know about reverse mortgages, and does it with an engaging style and considerable humor. If you are considering a reverse mortgage, this is the book to read, for it is all here.
Deja Vu.......2006-10-01
I read Reverse Mortgages For Dummies a few months ago and, as an avid comparison shopper, wanted to make sure I had gotten the best book out there. When I picked up The Reverse Mortgage Advantage I had a sense of deja vu ... this is so much like the dummies book I thought it must have been written by the same author. It's not that this isn't a good book ... it's just that I already read it in the form of the dummies book. For a few bucks less and a more originality, I'll stick with the dummies version.
This is the one to buy.......2006-08-11
This is a great little book -- it not only offers solid information, but it does so by way of easy-to-understand illustrations recounted with good humor. I gave the book to my parents, who are considering a reverse mortgage, and they said it helped them to understand their options far better than the consultant to whom they'd been talking and the seminar through which they'd attempted to stay awake.
GREAT BOOK!.......2006-07-13
I didn't know anything about reverse mortgages so I bought this book. I am thrilled with it! The author explains everything in such a simple manner that you can easily understand everything you need to know to make an informed decision. You will not be disappointed in his book!
Amazon.com
Some investment books claim only one true path to stock-market riches. Fund manager James O'Shaughnessy has five, and he has the data to back them up. He was the first independent researcher to be granted full access to a Standard & Poor's database containing computerized information on almost 10,000 stocks going back to 1951. From the data, O'Shaughnessy derived five portfolio-building strategies that, over the past 45 years, have consistently beaten the market average. How to Retire Rich also contains a wealth of useful information on mutual funds, online trading, and using the Internet to research stocks.
Book Description
Now in paperback--the groundbreaking investment guide by bestselling author James O'Shaughnessy that shows you the simple way to create the fully funded retirement you deserve.
Even if you think you're in great financial shape and can afford two cars and several vacations a year, the numbers in your savings and retirement plan don't always add up to a wealthy--or financially secure--future. In
How to Retire Rich, investment wizard James O'Shaughnessy uses his revolutionary analysis of the Standard & Poor's CompuStat Database and stock market history to identify exactly which strategies have consistently beaten almost all active stock pickers over the past four decades--and to show regular folks like you how to apply these proven formulas to your 401(k) and your savings plan, and, over time, grow as little as $2,000 into more than $4 million.
By adopting O'Shaughnessy's logical, proven approach and by avoiding hunches, hot tips, and trendy advice from high-profile gurus, you, too, can master the basics of investing, dramatically increase your net worth, and fund the retirement of your dreams.
Customer Reviews:
O'Shaughnessy's strategies work.......2007-05-18
I read the book in 2001 after listening to the audio book summary. I then modified his Leaders with Luster strategy and I am still using it today after further slight modifications. The results are outstanding! All his numbers on market capitalization, cashflow etc. are totally outdated by now, but the concept still works and he explains to get updated numbers build into your screening tool. The screen should return about 140 companies, sort them logically and hand pick from there. The same strategy got me into the top 2% of the CNBC portfolio challenge that closed on 5/11/07. Use your head when reading this book and modify the screens to your investment objective. Look at sectors when hand selecting your final stocks and question the number of stocks O'Shaughnessy suggests. This is a great book and his strategies (modified) are still working for me.
Great book-investment strategy really works........2006-06-17
This is my first Amazon book review, although I have been reading them for years. I read this book many years ago, and immediately started investing in what was then the O'Shaughnessy Cornerstone Growth Fund (now the Hennessy Cornerstone Growth Fund-HFCGX). This fund is based directly on the investment strategy outlined in this book, and the performance has been outstanding. Since I first started investing in this fund, my two daughers accounts have grown at just under 18% per annum, which I might state is the historical average for this investment strategy if it had been used from 1952 onward. If this per annum return continues, their $10,000 invested in 1999 will turn into over $1 million by the time they are in their mid-forties. I now have rolled over my 401K plan into this same fund based on the principals in this book, and my Roth IRA. I read tons of investment information prior to buying this book, and even invested in a few other funds, but nothing has touched the strategy of the investment information in this book. I highly recommend buying this book.
Read What Works on Wall Street instead.......2004-03-07
In this book Mr. O'Shaughnessy takes four different (fictional) characters and shows them how to use his investing methods to beat the market based on his exhaustive study on what really beats the market. Basically this book takes his knowledge from What Works on Wall Street and makes up stories for these couples.
Mr. O'Shaughnessy thinks we should buy 50 stocks and rebalance those 50 stocks at the beginning of each year. In fact I am surprised that I haven't seen FolioFN giving away his books to their members since his methodology seems to be meant for those of us who have folios.
One of the major things that I didn't like about this book was in his descriptions of how these couples could retire rich he basically cut and paste each one and changed the ending result, in my opinion he made this book very boring and is a waste of paper. The only part of this book I liked was pages 139 and 140 these pages have various "doom and gloom" headlines from 1951-1997 and show that the market always has recovered.
Since now the strategies in this book are out in the public they probably won't even work right, so I would advise the majority of investors to put their money in an S&P 500 index fund since you'd be beating 80% of fund manages without having to do any research.
Reed Floren
How to Retire Rich - Reasonable Runaways.......2003-12-26
A truly amazing strategy. I recently concluded tracking a 25-stock Reasonable Runaways strategy and the results are eye-popping. The portfolio turned in a 77.81% return dating from November 8th, 2002 thru November 7th, 2003. I will be putting real money to work now that I was able to see it with my own eyes...
A Nobel Prize for O'Shaughnessy!.......2003-08-05
The main message of _How to Retire Rich_ is that if you want to retire rich, or retire at all for that matter (ever!), you must invest in the stock market. You just don't have a choice in the matter. Sit down and let James O'Shaughnessy take you through the math---you'll quickly see that that is just the financial reality. The good news, however, is that investing in the stock market, when done properly, is not what you think it is. It's not about outsmarting all the other investors out there. It's not about trying to get a 'ten-bagger' so you can buy a cool car and brag at parties. It's not even about shrewd business savvy and scanning financial reports. It's about picking an effective strategy and sticking with it year in, year out until the day you retire, never pulling your money out of the market.
But if that sounds hard, don't worry. One of HTRR's strongest points is the wealth of wisdom it provides on the mental aspects of investing over the long term. What do you do if your portfolio tanks? What do you do if it soars? This is a problem? You'd be surprised! O'Shaughnessy is probably the only author with a completely rounded, mature outlook on the emotional aspects of investing. Reading HTRR will give you the confidence you need to invest and stay in the market through good times and bad.
So how do you invest? O'Shaughnessy breaks it all down for you, telling you exactly what to do. We're not talking the usual vague, feelgood accepted wisdom here such as 'buy market leaders' or 'buy on weakness, sell on strength'. Throw all those books in the trash! HTRR will tell you how to quickly find the precise stocks you should buy. You'll finish the book at 2 o'clock and have a list of the stocks to buy in your hand at 2:30. Yes, it's just that easy. You'll also know exactly when to buy them (now) and when to sell them (a year from now), and what do after that (repeat the process until you retire). What could be simpler?
O'Shaughnessy should be nominated for a Nobel Prize. He is a modern-day Charles Darwin with a theory that has all the hallmarks of a revolution in scientific thought. The theory is simple, but deceptively so. Many readers come away thinking they have understood it, only to later demonstrate that they clearly haven't. Even Motley Fool was apparently unable to grasp Reasonable Runaways (one of the strategies in HTRR). They tried to test it with a universe of stocks picked from Value Line (!). When it wasn't performing well after six months (!), they wondered how they could tweak it (!) to "make it dance" (their words). You'll understand just how ridiculous all of this is when you read HTRR.
Perhaps the reason for this widespread misunderstanding is that while the theory itself is simple, its ramifications are not---and without understanding its ramifications, it is impossible to truly understand the theory. Like Darwin, O'Shaughnessy has taken 'God'---the human element---completely out of the picture. That's what readers find so hard to grasp. O'Shaughnessy has shown that not only is human intervention in portfolio management not necessary, it's downright harmful. Given enough time, any human intervention will only lower a portfolio's returns from the optimum returns that could be obtained using a simple model.
I hesitate to include the returns I have earned over the past four years using the Reasonable Runaways strategy in this review, because I don't think they're typical. I have earned 93.15% (CARR of 17.88%) versus 1.17% (CARR of 0.29%) for the S&P during the same period (July 15, 2001 to July 15, 2005). And this is during a time period that includes 9/11. But as you'll discover from reading HTRR, four years is a meaninglessly short amount of time over which to gauge performance. Also, giving out exciting returns numbers shifts the discussion away from the real message of the book---get in the stock market and stay there (investing properly of course). It's the only way you'll ever be able to retire, rich or otherwise.
Product Description
Are your financial plans on the fast track or the slow track? If you are like most, retiring early sounds great; more time to do what really interests you. To get on the fast track, you need to leverage your mind, your plan and your actions. In Retire Young Retire Rich, Kiyosaki details how he and his wife Kim achieved financial freedom in less than ten years. More importantly, he shows how a context shift in your mind allows you to create a plan that formulates the actions necessary for your financial freedom. Description i Spanish: "etirarse joven y rico? La pregunta parecía no tener respuesta hasta que las recomendaciones financieras de Robert Kiyosaki, basadas en su destreza y su experiencia señalaron el camino a los lectores para cumplir el sueño de alcanzar una vida sin preocupaciones económicas y ¡en plena juventud! Robert Kiyosaki sostiene que invertir no debe ser arriesgado si somos personas empren-dedoras y tenaces, y que para encontrar inversiones seguras y productivas la gente debe empezar por tener un lenguaje que promueva la superación y el enriquecimiento; en sus páginas nos revela cómo transformar el futuro financiero si empezamos por cambiar nuestra forma de pensar."
Book Description
Whether you are thirty years from retirement or it’s just around the corner, here is the only book you’ll need about how to get it together and plan a safe, secure, and prosperous retirement. Money magazine senior editor Walter Updegrave has crafted a practical, resourceful guide, showing readers how to cut through the clutter, assess their finances, and become their own personal pension manager. How to Retire Rich in a Totally Changed World gives readers the tools to make retirement something everyone can look forward to.
Customer Reviews:
Excellent and to the point.......2005-08-29
This is a good, comprehensive guide for preparing for retirement.
Average customer rating:
- A Good Read!
- Not too bad...
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How to Retire Young and Rich (Money's America's Financial Advisor Series)
Joseph S. Coyle
Manufacturer: Grand Central Publishing
ProductGroup: Book
Binding: Paperback
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ASIN: 0446671649 |
Book Description
In Car Shopping Made Easy You learn how to get the car you want at the price you want to pay. 401(k) Take Charge of Your Future is one of the best investments ever devised, readers can now discover exactly how to take charge and make the most sponsored retirement plans, and much more. How to Retire Young and Rich provides the solid strategies needed to put together a winning financial and emotional plan. The Right Way To Invest In Mutual Funds explains how to build wealth in todays hottest investments.
Customer Reviews:
A Good Read!.......2001-03-21
Joseph S. Coyle offers basic advice for people pondering retirement. The book outlines straightforward strategies for saving and investing, and urges investors to start early and to put as much as they can into 401(k) plans and IRAs. So much for the obvious. Coyle also offers specific and useful guidelines for buying mutual funds and allocating assets. He realistically presents issues you may face in retirement, such as the emotional difficulties involved in leaving a career and having enough money to support your lifestyle (so buy a bond instead of that snazzy watch). Some of the book's basic advice will seem redundant to sophisticated investors, but the more detailed information will intrigue even them. We at getAbstract recommend this book for anyone looking for guidance about saving and investing for retirement. [getAbstract note: The investment advice here - tax laws, stock markets, and what not - is extremely U.S.-oriented, although the lifestyle information is broadly applicable.]
Not too bad..........2000-03-31
Don't be fooled by the title, the author spends a lot of the book explaining the realities of retirement. That is, we're living longer in retirement and not saving enough to meet the challenge that presents. Early retirement will take a determined effort and persistent savings to achieve. Just think about it, if you retire at 55 and expect to live to 90 you are talking about 35 years of living off your investments! The book is well written and even gives some good ideas of what towns you might want to consider for retirement living. Retirement, let alone early retirement presents a challenge for everyone, this book is a good place to begin thinking about the subject.
Book Description
This book reveals 12 "secrets" that can lead to a retirement that's not only Rich, but Rich and Happy. It takes plenty of money in order to fund a comfortable retirement so you can have the freedom to do what you want, when you want. Chartered Financial Consultant Jeff Harris draws from his 25 years of experience working with successful business owners helping them manage their retirement plan funds.
He explains a simple, yet powerful process for prudent investment management that has helped people accumulate the funds they need to enjoy financial independence. Most importantly this process has worked regardless of stock market ups and downs. And it's the only method sanctioned by the United States Government for use in retirement plans like 401(k)s and profit sharing plans.
Mr. Harris uses true-life stories to illustrate his points. You'll meet the executive who thought his retirement plan was doing fine. But a closer inspection revealed it was losing money, not earning it. You'll meet Dr. Jones, the retired physician who thought he was an investment genius, until the stock market crashed in 2000. You'll learn about the amazing power of a "Money Map" and how it rescued a retired Virginia gentleman farmer.
But being Rich won't necessarily make you Happy. The book outlines a process that has helped those who use it enjoy a fulfilling, meaningful life focused on family, faith and strong personal relationships. This book is a roadmap to a retirement lifestyle that's not only Rich, but Rich and Happy!
Customer Reviews:
If you think you know it all - read this.......2006-04-08
Concise, succinct, witty and for those of us who think we know it all about investment/retirement planning. Rich and Happy is a map that anyone can follow. Jeff has added the part that's special for me and that's the human element. Family counts, personal values, and thoughtful planning. Enjoy a quick read.
Books:
- Retirement Income Redesigned: Master Plans for Distribution: An Adviser's Guide for Funding Boomers' Best Years
- Retirement Income Redesigned: Master Plans for Distribution: An Adviser's Guide for Funding Boomers' Best Years
- Rise of an American Business Corporation (Fundamentals of Pure and Applied Economics)
- Secrets of Six-Figure Women: Surprising Strategies to Up Your Earnings and Change Your Life
- ServSafe Essentials with the Scantron Certification Exam Form
- Skin Care and Cosmetic Ingredients Dictionary (Milady's Skin Care and Cosmetics Ingredients Dictionary)
- Smart Women Finish Rich: 9 Steps to Achieving Financial Security and Funding Your Dreams (Revised Edition)
- Smart Women Finish Rich: 9 Steps to Achieving Financial Security and Funding Your Dreams (Revised Edition)
- Smart Women Finish Rich: 9 Steps to Achieving Financial Security and Funding Your Dreams (Revised Edition)
- Standard & Poor's Fundamentals of Corporate Credit Analysis
Books Index
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