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Title details for The Last Chance Millionaire by Douglas R. Andrew - Available

The Last Chance Millionaire

It's Not Too Late to Become Wealthy

by Douglas R. Andrew
Douglas R. Andrew
Audiobook
1 of 1 copy available
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1 of 1 copy available
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.

  • Creators

  • Publisher

  • Release date

    June 12, 2007

  • Formats

    • OverDrive Listen audiobook

      • ISBN: 9781600240188
      • File size: 311753 KB
      • Duration: 10:49:29

  • Languages

    • English

  • Reviews

    • AudioFile Magazine
      Andrew aims his message at Baby Boomers, who he believes are using timeworn methods of saving for retirement and will fall far short of the amount of money they will need. He reads his own work in a pedantic and cumbersome style that may not appeal to those used to more upbeat presentations. He moves through the chapters in a deliberate and precise manner that makes listeners feel every word, which can often be overwhelming in a multi-disc volume. Andrew's passion for the subject is stifled by overdramatization of certain statements at the expense of others. Numerous repetitions of facts seem redundant and distracting. He does enunciate well and speak clearly, a style that may appeal to listeners who often need to rewind. M.R. (c) AudioFile 2007, Portland, Maine
    • Publisher's Weekly

      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.

    • AudioFile Magazine
      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

Formats

  • OverDrive Listen audiobook

subjects

Languages

  • English

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