The Last Chance Millionaire, Douglas R. Andrew
The Last Chance Millionaire, Douglas R. Andrew
3 Rating(s)
List: $31.99 | Sale: $22.40
Club: $15.99

The Last Chance Millionaire
It's Not Too Late to Become Wealthy

Author: Douglas R. Andrew

Narrator: Douglas R. Andrew

Unabridged: 10 hr 49 min

Format: Digital Audiobook Download

Publisher: Business Plus

Published: 06/12/2007


Synopsis

Personal finance bestselling author Doug Andrew shows you a remarkable way of how to plan for your retirement that most financial planners aren't even aware of!
According to Doug Andrew, the bestselling author of Missed Fortune 101, too many Americans are being led down the wrong financial path. Even worse, many Baby Boomers find themselves panicking --fearful that they've already fallen too far behind to ever catch up. In this indispensable and eye-opening guide, Andrew provides fresh new pathways to reaching financial security -- pathways that all Americans need to consider now.

Centering on his Three Miracles of Wealth Accumulation: the Miracle of Compound Interest, the Miracle of Tax-Favored Accumulation, and the Miracle of Positive, Safe Leverage, Andrew explodes many of the commonly-held myths about 401ks, pensions, paying down one's mortgage, and other forms of retirement planning. Along the way, Andrew offers unique strategies that will not only increase your wealth, but also help readers enjoy their best years while securing their future.

Reviews

Goodreads review by Stephen on July 05, 2018

I reviewed this book two years ago but have often thought since then that I'd missed the mark. I'm finally returning to peel off two of the stars I originally gave it and to say why. Some of the advice given to me to promote my own book has been based on the notion that an author should have a "back......more

Goodreads review by Wes on May 09, 2017

This book is a bit dated, but that is not the major issue I have with it. The major issue I have with it is it constantly promotes a form of arbitrage using the equity in your home and putting it into "conservative" investments. I think remortgaging and using the equity to invest is much more risk th......more

Goodreads review by Candy on March 08, 2010

I was a little disappointed in this book at first. The case studies and examples were only for baby boomers, but that was the author's intention. But in the end it made me feel like there is hope for me yet since I'm not as old as that. I felt his descriptions of his recommended investments were con......more

Goodreads review by Jon on November 02, 2020

Andrew starts with a good discussion of the basics, such as compound interest vs. simple interest, and the different types of tax-advantaged retirement accounts most Americans use, as well as knocking down a few myths about Social Security. If you need the primer, this is some good foundational mate......more

Goodreads review by Geoffrey on December 10, 2016

This book presents the idea of utilizing indexed universal life insurance as a tax free retirement alternative with the idea that the premium payments are tax deductible and then you can borrow against it down the road, tax free. While this strategy should be one of many tax advantage retirement str......more