by Leonard Renier
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| List Price: | $16.95 |
| Amazon Price: | $16.95 & eligible for FREE Super Saver Shipping on orders over $25. |
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| Lowest New Price: | $14.99 |
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Product Description
If something you thought to be true, wasn't true, when would you want to know about it? In your financial world, that defining moment occurs by understanding the Efficiency of Money. Learning to avoid the unintended consequences of transferring your wealth to others unknowingly and unnecessarily, should be everyone's goal. This book will show you how to recognize and overcome these transfers. It will identify those who create the transfers and how they do it. They are destroying our personal wealth by creating situations, controlling the outcomes, and profiting from it. Truth and knowledge will reduce or eliminate these transfers.
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Average Customer Review:
0 of 0 people found the following review helpful:
Learning to Avoid Unintended Consequences-Leaving the Herd!, 2008-04-27
Excellent read! If you are interested in learning about how your money
really works this is for you. The Author does a tremendous job at breaking down cash flow, transfers of wealth and protecting your wealth in a simple matter. The "Buy Term and invest the difference" strategy that is being taught in society has not worked for the consumer in 40 yrs
and this book explains it all.
0 of 0 people found the following review helpful:
 Bravo, 2008-02-11
Nicely written. Although I apply a slightly different mortgage strategy the wealth building theory of this book is solid. Of course, this author, along with others who suggest "alternative" financial planning ideas will be denigrated by the mainstream folks who ascribe to the typical financial advice. So be it. One only has to look at the results of the save, pay down your mortgage, invest in tax-deferred wrappers to see the folly of this two-generation old advice.
1 of 1 people found the following review helpful:
Great starting point in the quest for knowledge regarding wealth..., 2007-10-30
I am not the type of person that likes to leave reviews, although I usually use them to help me decide on a book, but I had to leave one about Mr. Renier's book. If you are looking to educate yourself about creating wealth for yourself, then this is the book for you. Leonard does a pretty compelling job of taking what "WE" have come to believe is truth or fact and totally give us a new way of seeing those truths or facts. I wish I would have known about some of these principles before I bought my 1st home. This book has challenged me to ask myself some questions that I should have asked myself a while ago such as:
* In my tax deferred retirement plan, what tax rate will I be taxed at when I retire? Will it be higher than what I am being taxed at now? If so, what will that do to my balance and overall ability to retire?
* Is there a better way to prepare for retirement?
* With these "so-called" tax savings that I supposedly see every year that I visit my accountant, where are these actually savings dollars going? Can I reinvest or reallocate these funds so that "MY" tax savings can actually work for me?
* Hmmm why was I taught that paying off your mortgage sooner than later is the best route to take in life? If I do that what happens to the tax benefits from paying on the interest of the mortgage?
* Speaking of my mortgage, if my house is an investment, and my investment has grown in the form of equity, then why am I not seeing a return on that growth?
* Why didn't my bank, accountant, broker, or mortgage company tell me that it is really possible to create my own bank using the equity in my home?
Those are just some of the questions that I had to ask myself from reading this book. If you are really looking for the knowledge on how to create wealth, and you are really committed to making the necessary changes to create, and keep the wealth then this book is a great place to start. I know for me, it has caused me to ask questions, and with asking questions comes the realization that there is much more for me to learn that mommy, daddy, and school didn't teach me.
1 of 1 people found the following review helpful:
a common sense approach to building wealth, 2006-06-05
Thank you Mr. Renier for sharing with us. "Be your own bank", although simple this is a profound statement that most do not realize.
With the cost of living rising and salaries not staying in sync, most are finding themselves further in debt.
With a common sense approach, Mr. Reiner has given us a starting point for building wealth.
1 of 1 people found the following review helpful:
A "MUST" for financial sucess!, 2006-03-12
The contents of this book are extremely profound! If everyone in the country read it, we wouldn't have the fiscal problems that we have. If you care for someone, then insist that they read this. They're views on finances will be enlightned! Great read!
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