
The Last Chance Millionaire
It's Not Too Late to Become Wealthy
فرمت کتاب
audiobook
تاریخ انتشار
2007
نویسنده
Douglas R. Andrewناشر
Hachette Audioشابک
9781594839214
کتاب های مرتبط
- اطلاعات
- نقد و بررسی
- دیدگاه کاربران
نقد و بررسی

For people at any stage of life, this is a fast-moving presentation on the benefits of leveraged investments, compound interest, using home equity for investments, and the many ways taxes can be minimized on retirement plans. In addition to the big-picture advice, the author offers many useful insights on baby boomer misconceptions and common errors in the way people calculate the advantages of various retirement strategies. The author has a good voice and narrating personality for this kind of lesson--he's more benevolent teacher than overeager salesman. And though these are not easy concepts for many people, the compactness and clarity of the presentation will motivate the listener to consider Andrew's advice. T.W. (c) AudioFile 2011, Portland, Maine

April 23, 2007
B
aby boomers, take note: traditional retirement savings wisdom won’t yield you enough to live on in your golden years, warns financial adviser Andrews (Missed Fortune
, etc.). Today’s boomers are facing retirement with savings of (on average) an inadequate $50K and are relying on outdated financial strategies to carry them through. In a clear, firm tone, Andrews explains that socking away all your savings in a 401(k), paying off your mortgage and buying a vacation home only after your primary home is paid off are all worn-out Depression era truisms that no longer apply when boomers may live 20 or even 30 years past retirement age. Andrews’s last-minute catch-up plan for safely generating a livable income within the years, not decades, left until retirement mixes familiar wisdom—take advantage of compound interest, tax-favored growth and safe, reliable leverage, and don’t depend on Social Security—with a refreshingly down-to-earth plan for becoming a “Thriver,” whose money is busily working away, tax-free or tax-reduced to provide stability and enjoyment in the golden years. This is no bathtub reading—the text is heavy on charts and graphs and percentages—but the conversational, sympathetic voice serves as a wakeup call for boomers without enough saved.
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