Book Description
In this one-of-a-kind “how-to” guide, Joseph Hooper and Aaron Zalewski provide step-by-step instructions for generating large monthly cash returns from almost any stock investment—while at the same time decreasing the risk of stock ownership. Filled with in-depth insights and proven techniques, this book is the definitive, rule-based guide to covered calls and calendar LEAPS spreads.
Customer Reviews:
Save your money.......2007-09-09
As an alum of the seminar , I can tell you most of the claims in the book are possible, but very un-probable. Markets are random and all of the technics Joe Hooper touts require you to pick a direction of the market. I have been to the covered call seminar and also the leap seminar(only because it was free with the first one).Joe Hooper is very arogant and self serving. If someone asked a question he didn't like ,he talked down to them so they would not ask again.
I have invested with covered calls for years.They are fantastic way to invest. But in my opinion, Hoopers way is just to make Hooper money with all of the subscription add-ons.My account balance does not lie. There is a much better way. Listen to someone singing Hooper's praises and you will find out they have not been using CSE methods for long, or somebody is getting paid.
Not Worth The Money, Difficult to Read, DVD is worthless.......2007-08-22
After hearing their radio program and claims that "You will never lose money with properly structured Calls," I could not resist buying the book. Having read the book, I do no see how they can make the claim that you will never lose money. It is no a brainer that in the event you buy a stock and sell a covered call just out of money and get called out, you win both ways. You gain from the sale of the stock and profit from selling the covered call. But, in the event the stock drops, you gain from the sale of the covered call but you now have a paper loss on the value of the stock. This is where the book fails to properly account for this paper loss. This is the risk that I never hear them discuss on the radio or in their book. Once the stock drops, you are now on the hook to try and recoup some of your losses with the sale of additional covered calls while at the same time being careful not to get called out at an overall loss. This is not possible 100% of the time. The author's dismissal of not accounting for at least the paper loss on a dropping stock is fraudulent from my perspective because in the end, you have less money then when you started. The 2-3% gain on the call is of little value if it is over shadowed by the dropping of the stock price. In some cases, it might take 6 months or more of painstaking trades to try and get even. However, there will be some cases where the stock drops so much that it will not be possible to recover yet this is never discussed in the book. If I buy a stock at $25 and it drops to $5, by their accounting I have not lost any money until I acutally sell the stock. This is convenient for them but in reality paper losses are real in that you do not have the same level of spending power. I guess if the stock drops from $25 to $5 and you never sell it, you never have a loss but this is totally bogus accounting.
The book is poorly written in that it often refers to techniques like a Tethered Slingshot in the early chapters but is not explained until much later in the book. The organization is confusing and hard to follow.
The DVD is of ZERO value and poorly produced. It highlights a masters session hosted by seasoned veterans discussing nuances that are far in advance of the book. The value of the DVD and quality of the presenters is not worth the time to watch.
Okay Book --- TERRIBLE DVD !!!!!.......2007-08-20
The book is divided into 2 parts. Part 1 describes covered calls (CC) and Part 2 describes Calendar Leap Calls --- a surrogate stock purchase that is not as capital intensive as doing CCs. The DVD similarly is divided into 2 sections. Poor video quality and POOR EXPLANATION.
Now, my preference is Calendar Leap Calls, but they take more work than the conventional CC, but not impossible by any means.
Compound Stock Earnings is the Fort Worth based company that wrote the book, and also pushes their $3250 2-day bootcamp. There is a yahoo newsgroup, several years old with members whom have attended the seminar, bought the book, and/or both. The overwhelmingly predominant opinion is that the seminar is A WASTE of money. Since I live in Texas, I contacted the primary owner...Joseph Hooper, also one of the authors of the book. What an egocentric, full of himself individual. The same sentiments expressed on the user group. He is elderly, a Texan with a folksy accent and sounds like a 'good ole' boy.' Well he is NOT good. He is offensive and abrasive. Could not get any questions answered. NEVER MIND !!!
The Calendar Leaps Call is NOT a new strategy, but it is explained thoroughly with easy rules to follow. Buy the book if you must, not the bootcamp.
Happy Investing !!!
If you want the stock market demystified...this is the book for you!.......2007-08-10
I am not a financial whiz kid nor do I want to be one, but I do want to be in charge of my own financial future and receive a good return on my investments.
I attended the many financial seminars and read the books and felt less adequate by the page or event. Like drinking from a fire hose, the information left me on overload even with all the bells and whistles. But for a novice trying to learn the stock market it was absolutely worthless while the cost was anything but...
Then a friend encouraged me [more times than I want to admit] to read this book. He knew my struggle with trying to grasp stock market concepts. I purchased the book and have not put it down since. I continue to use it as a roadmap to my financial freedom. My friend is a savvy trader and he utilizes the CSE rules in his trades.
This book's content is easy to understand, even for the "never bought or traded a stock before" individual, the principles are solid, and my trading results have been amazing - anticipating ending the year with a minimum of 3% per month.
I trade, I follow the rules and I make money. As my husband says, "my wife doesn't hit homeruns she just hits single after single". It has been fun learning. I love the process and just feel that these guys [Joseph Hooper and Aaron Zalewski] are dedicated to helping positively transform people's financial lives. . . The book is not designed for those looking for get rich quick schemes or complicated mumbo jumbo trading jargon with theories to debate. It is about selling covered calls and strategies to enhance your trading positions. This book teaches simply the market is the market - stocks go up, stocks go down, learn the rules that have been proven to work and have patience.
Joe and Aaron have provided many resources to assist the new and experienced traders and the book is only the beginning. If you want more support, they provide it through additional seminars, online toolbox and online coaching. As their organization grows and their clients request more and simpler tools, they have provided them.
Don't worry about any negative press you read about CSE or the book. If you want to get started trading, learn the stock market basics, be in control of your hard earned money, or you are an advanced trader and you want to learn and improve your trading results ....then buy the book and get started...like me you will be sad you didn't know about CSE years ago!
Not for the faint at heart.......2007-08-01
An excellent book, but this is not casual reading. You will have to re-read this book over and over again, and also have your Excel spreadsheet out to understand the concepts and details.
Book Description
In the Origin of Wealth, Eric Beinhocker offers a thorough and convincing new way to think about economic growth and business management. The author begins by exploring the roots of modern economic theory and ultimately declares it outmoded and wrong. Instead, he suggests, markets and growth can best be explained by drawing on the emerging field of complexity economics: the study of markets and social systems as complex adaptive systems. Although biological metaphors in business have become familiar (i.e., organizations are living organisms), Beinhocker moves beyond metaphor to explain the revolutions in science that will inevitably change the way we think about economics, competition, and business. The Origin of Wealth raises important questions such as: How can one create strategy in uncertain and fast moving environments? Why is it hard for large organizations to be innovative and how should we organize for better results? What role should governments play in this new era?
Customer Reviews:
Modern Classic.......2007-09-25
I would classify Eric Beinhocker's book as an instant classic. Although it is more of a survey of broad spectrum of economic studies, it is extremely well put together and well written. I promised myself that this is a book that requires a more detailed review but since I have not had time to write that yet, I want to at least share the following with the would be readers of this book:
Buy this book! The primary focus of the book is analysis of how emergence (no pun intended) of complex dynamical systems is changing the fundamentals of economics. Book does an excellent job of giving historical account of how mathematical foundations of economics was developed and influenced by the math/physics of the time: math of systems in equilibrium. Afterwords it methodically studies the complex dynamical systems, their impact on agent based modeling of complex phenomenon and how this development in mathematical thinking is already impacting economics. Last couple of chapters also provide ponderings of complex dynamical systems analysis and its impact on policy making and international relations.
Book is clearly written, well researched with excellent bibliography and captures some of the most throught provoking research in the industry in a simple and conherent fashion.
If I get time I promise to write a longer and more deserving review of this book.
Eye-popping paradigm shift in economics unveiled.......2007-07-14
On the subject matter...
Ever wonder why macro-economics didn't make sense?
Want to know more about how economies and markets really work?
On the writing...
The author provides a simple, compelling narrative which debunks a large portion of economics as it has been taught for the last 200 years. It then goes on to synthesize broad swaths of recent economic research into a cohesive vision of economics as an evolutionary open system and that observable macro-economic patterns are largely a product of the evolutionary algorithm at work.
If a high level understanding of the workings of economies or markets is of interest to you -- or you just want to unlearn a lot of false theory -- The Origin of Wealth is for you!
Must have for anyone who gave up on economics... like me.......2007-07-02
If you ever tried to read a book on economics, you probably loved the classics (Adam Smith, Shumpeter, Keynes...) but then you probably had an uneasy feeling about people trying to use some kind of Maxwell equation to explain the workings of the economy. That's where you probably decided that this science was either too complex for you (in fact, it is the world that is too complex for traditional economics) or that scholars were probably more interested in masturbating their brains than truly explaining the world. That's usually where a science needs a paradigm shift in order to stay alive in the world, and not just in academia.
Hopefully, things have changed and economists are now introducing concepts that gracefully embrace the nature of the subject : evolution, non-linear functions, psychology, sociology, and intelligent mathematics (the one that tries to fit with the actual world, not the opposite)
This book is a must have... The kind of book that makes you feel intelligent not because it's full of obscure concepts that you think you can loosely fit together, but because it is fact-based, well written, sometimes surprising, and most of all it feels right... which is truly groundbreaking.
Just like in nuclear physics, this science finally takes off the very moment it stops trying to fit the world in an a+b=c equation. Instead of having a precisely wrong theory, we now have something that accounts for the inherent complexity of the economy and unveils new and fascinating territories for us to discover.
A must for economics students!.......2007-07-01
I am an undergraduate student of economics and was always critical about the Traditional Economics theories that were presented in class. I never just accepted the textbook's mathmatical models as the ultimate truth and always looked for more. I read books from a wide range of areas, all supporting my view that there was something more to our economic life than what professors told us in class, but never making a clear connection to economic theory. I bought this book by chance before a long flight and can't say how happy I was when I realized what Beinhocker was saying. I could not stop reading and finished it in about a week. Beinhocker showed me how to break through the mathmatical barriers of traditional economics and think about economics in an exiting and liberating new way. His introduction to Complexity Economics (as he calls it) has given me new hope for economics and enthusiasm for my studies. I am already diving deeper and deeper into work mentioned in the references and a whole new world is opening in front of me! A. J. Sutter makes many valid points in his lengthy review above. I still think Beinhocker managed to write a book that is groundbreaking in its range of topics covered and its comprehensive overview of Complexity Economics.
No student of economics who has not at least heard about the topics mentioned in this book can say that he knows the subject he is studying.
The back door stage behind traditional economics and the first acts of a paradigm change.......2007-06-27
Truly a wonderful book reommended for young and curious economists around the world. A profound insight into Economic analisys that will pop up a couple of "new" and hidden ideas!
Book Description
Strategies from an IRS insider for slashing taxes, maximizing legal deductions, avoiding audits, and more
Completely updated for all of the new 2005 and 2006 Tax Laws!
Through his years as an IRS tax attorney, Sandy Botkin discovered that most Americans could legally and dramatically cut their tax bills by establishing themselves as independent contractors or businesspersons. In Lower Your Taxes--Big Time!, fully updated for 2005 and 2006, Botkin explains how, outlining a straightforward program for writing off everything from family vacations to movies and plays, and receiving a subsidy of $5,000 or more from the IRS each and every year.
From tips for launching a business to strategies for audit-proofing a return, Lower Your Taxes--Big Time! is a gold mine of information for every frustrated taxpayer. Tax-cutting strategies include:
- How, why, and when to incorporate
- Fail-safe methods for deducting a home office and family car
- Simple but essential record-keeping tips
- Tax advantages of being a consultant,independent contractor, or independent businessperson
Customer Reviews:
An Outstanding Small Business Tax Planning Guide.......2007-07-23
This book is perfect for anyone who currently has (or is contemplating) a small business and wants a lot of general questions answered about business entity structuring, deductions, taxes, and more. It doesn't attempt to replace the need for professional legal or accounting advice. However, it does help you to become more informed about the issues, and that means you're better equipped to profitably steer your business. This book might be too basic for some people. However, it's extremely reader-friendly and is the ideal starting point for anyone who is unfamiliar with these topics. Save yourself some expensive legal and accounting fees by reading this book BEFORE you seek professional guidance in setting up your business or redefining your structure.
Not as useful as I thought.......2007-04-02
This book concentrates a lot on deductions you can make if you own a business. While there is a lot of useful information (and all legal if you keep abundant records), I was expecting more creative ways to lower taxable income.
little guy disaster.......2007-02-13
This book is geared to business people and not for the average individual. A lot of the tax saving strategies are fantasy too!!!!
It's alot easier to start a home-based business than you think!.......2007-01-12
This book is absolutely amazing! Great tips, awesome information, and everything backed up with references. You can get started with a home-based business (Watkins, Avon, etc) for next to nothing, and the money you save on taxes in one year should more than pay for the cost to get started with a familiar company. This info in this book can help you start saving tax dollars from day one.
Cindy
www.cindygrobert.com
Well-referenced.......2006-11-01
Much of this book does apply to me (a sole-proprietor). You can get a lot of the information from other sources, but this book does cram a lot into a fairly compact and easy to read format. Although the book is not exhaustive, it does have a benefit over many other tax books (including a couple of the NOLO tax guides): It cites the IRS rulings, private letters etc. that you would need to back up your tax strategies in the face of an audit. My accountant is only willing to claim deductions that he can justify to the IRS. The citations make this easy.
The book is not particularly well-organized, so you do need to read the whole thing to find specific tax deductions.
The book has saved me some money on taxes over the past couple years. In that respect, it has been a good investment. More importantly, it has suggested strategies for me going forward.
I will buy the new edition when it comes out.
Amazon.com
The author of the rags-to-riches real estate bestseller Nothing Down for the '90s presents advice drawn from 20 years of writing and promoting get-rich books through seminars, infomercials, and home-study courses. In Multiple Streams of Income, Robert G. Allen shows you how to create income with little or no investment. Says Allen: "Today, very few families can survive on less than two streams of income. In the volatile future, you will need a portfolio of income streams--not one or two--but many streams from completely different and diversified sources."
Beginning with advice on controlling spending and increasing savings, Allen hits his stride in chapters on stock market and real estate investing. He draws on the investment advice of others, including Peter Lynch, and even suggests that you invest in Berkshire Hathaway and let Warren Buffett manage your money. Allen also shares his real estate strategies for finding motivated sellers, securing creative financing, and buying foreclosures and tax liens. Additional chapters cover multilevel-network marketing, information and product licensing, and marketing on the Internet. Throughout are checklists, work sheets, and testimonials, as well as pointers to more articles and materials on the author's Web site. It's useful to have so much information so concisely and well explained, and many who read this book will find it hard to resist implementing one, if not several, of Allen's recommended income strategies. --Scott Harrison
Book Description
In
Multiple Streams of Income, bestselling author Robert Allen presents ten revolutionary new methods for generating over $100,000 a year—on a part-time basis, working from your home, using little or none of your own money. For this book, Allen researched hundreds of income-producing opportunities and narrowed them down to ten surefire moneymakers anyone can profit from. This revised edition includes a new chapter on a cutting-edge investing technique.
Download Description
Knowledge of the structures and properties of nonferrous metals, such as aluminum, is required knowledge for all materials scientists, chemists, and metallurgists. However, existing books often include this topic with their description of ferrous metals. Because ferrous metals (steel and cast iron) are by far the most widely used metals, coverage of nonferrous metals in these books is cursory or absent. For this reason there is a need for a book that deals with nonferrous metals.
Customer Reviews:
Can You Make Multiple Streams Of Income Online?.......2007-05-23
I first learned of the term Multiple Stream Of Income from Robert Allen the No Money Down guy. He pretty much coined the phrase all the way to the bank. I read his book a few years ago, it was the number one best seller on The New York Times Best Seller's list. I was so thrilled to get my hands on it I just knew that this was the long awaited manuscript that we marketers wanted to give it a test drive.
It was a good read, however it had too many twist and turns and it cost a bit much at the time to implement his methods from just one website, and it was not the results I was looking for. I knew there had to be a better way for us new marketers to reach that illusive extra income stream.
I begin to wonder, can you actually make multiple streams of income online? I continued my search for the missing pieces of the MSI puzzle that would put it altogether; With the many product offers that promises you the world if you would try this program, and use it with this technique, and you'll surely be on your way to riches.
After several years of online seeking, I can now say I've been to the mountain top of internet marketing offers, and what I have come down with is this; there are many claims being made about multiple streams of income online that you can use right now in your marketing campaign to a steady flow of extra income. I found this unique website with multiple streams of income you can get from Google, Ebay, Clickbank, CJ; etc. All from one cool little website. I have studied the likes of Tim Knoxs, Brad Callen, Mike Falsaime; etc, and a host of other top online experts in this field of multiple streams of income and their proven systems, and what I have found will surprise you.
Don believes that less than 5% of the marketers are making it online, and 95% of the programs online are a waste of money. There are no more secrets, just the facts. If you are focus you'll learn one of many proven marketing tools I'll show you to help you along your way to build Multiple Streams Of Income Online the correct way.[...]
Robert G Allen Rocks.......2007-05-08
This is a awesome "How to" book for amassing the wealth necessary to break the gravitational forces of depending on employment for your financial security.
First, control the leaks in your financial pond
Second, add streams of income to that financial pond - includes lots of ideas
You'll have to read it to get the rest. I can hardly wait to get my hands on some of the other Robert Allen books.
A Smorgasbord of Options From Which to Pick and Profit .......2007-04-19
There's no doubt that the content in Multiple Streams of Income will have your head swirling with wealth-building possibilities.
I believe that the book opens the doors of opportunity in areas you may not have considered. At the same time, not every concept is right for every person.
I found myself skimming chapters I'm not ready to pursue and slow to absorb chapters that contain ideas I can capitalize on right away. When I develop a comfort zone and steady income through the strongest possibilities, I'll re-read the chapters that contained ideas I wasn't ready to develop. Perhaps this tip will also help you.
The section I found to be extremely beneficial was chapter two, The 10-Minute Millionaire. It masterfully explains how to value time so that you can concentrate on the multiple streams open to you. That's key no matter which revenue opportunities you choose.
I appreciate a book that identifies numerous revenue sources, provides examples, and includes charts with a visual perspective on what's possible to increase personal wealth. At the end, your brain may be on overload. However, taking action on just one idea from this book has the potential to change your life for the better.
Alright, too many stories. No real meat.......2007-02-24
I was expecting to get a book that would steer me into the course of making some more money on the side. While it does inform readers of ways of generating more cash flow, each chapter seems to just be filled with non-practical wisdom on how to enter each money-making field.
If you own a business, or want to .....read this book to grow your sales BIG TIME.......2007-01-25
The simple strategies in this book can be the difference from your small business staying small(shrinking) or it exploding.
Book points out the "gold" in your own customer list and how to create, expand and benefit from all of the relationships you have built in your business.
As a small business owner taking just a few steps from this book will help us increase sales using no extra money, just our time to work with our existing customer.
Use your web site for more than just a place for people to look at or read about what you do, make it a BIG asset.
If you have been in business for a while and think that just having a web site is engough, you are missing out on additional income AND it is much easier to capture than finding new customers the hard and expensive way.
Book Description
Successful network marketing entrepreneurs share their secrets
In The Ultimate Guide to Network Marketing, network marketing guru Dr. Joe Rubino offers readers a wide variety of proven business-building techniques taken from many of the most successful network marketing leaders in the industry. Presenting a wide range of different perspectives and tactics, this comprehensive guide offers beginning network marketers and seasoned veterans alike all the specialized information and strategies they need to grow their business. Revealing a world of secrets it would take a lifetime in the industry to amass, the 37 contributors in this handy resource provide one-of-a-kind advice for building extreme wealth.
Dr. Joe Rubino (Bexford, MA) is an internationally acclaimed network marketing and personal development trainer, as well as a bestselling author of eight books and two audio albums. He is also an acclaimed success coach, speaker, and course leader in the fields of leadership development, team building, communication, and network marketing.
Customer Reviews:
Well written, easy to understand and apply guidelines.......2007-07-19
A great, inspiring read by different successful contributors in the network marketing field. Best to read one chapter and let that information process before going on to the next, that also makes it easy to fit into tight schedules.
A Great Network Marketing Resource.......2007-07-10
There is a lot of great wisdom in this book! The other thing I think is great is that since there are 37 different contributors to this book, if you connect with the style of one person, you will then know if that person has authored any of their own books, that you will know what to buy next. You will definitely find something in this book that appeals to your style.
The "Bible" of Network Marketing.......2007-05-11
Definitively a "must have" book to any network marketer. You have 37 top gurus in MLM, share with you their acknowledgement about how to explode your network marketing business.Why? Because all they have a network marketing empire and show you how they do it.
You will learned:
-How to and where to find prospects (partners) for your business
-How to be more persuasive with your prospects.
-The best places and ways to marketer your business
-What would be your overall attitude in your business to make it comfortable and natural
-What to say (and not to say) to your prospects so they are more prone to listen your proposal....and accept it.
-How to make technology work for you.
-How to make a professional follow-up.
-What "tools" must have to "skyrocket" your business.-
-Find partners that take action forever.
- And much, much more.
You will obtain information about improve your self-steem and about make your business grow up, all in one book.Imagine 37 top mentors in your house, "saying" to you what steps to follow and what to do to grow your business.
You will take out the book from your library, many,many times, believe me, I am doing that almost everyday.
In bonus, you have access to many resource from those top marketers, to following theirs advices.
Buy the book, read it, learn from it and...take action and you will have a Network Marketing empire.
Great stories for Network Marketers.......2007-01-15
I love books with practical stories by people who have been there and done that to use an overused cliche. In this book are great stories with real people who have been successful in this field. If you take the time to fell their stories and pull out of them the practical advice they offer then this is a win. A great book on succeeding in the NW field.
The power of biz networking.......2006-07-12
It is of much importance that as we view team work and team building vital for the growth of every system,we need to realise that networking is a covenctional way of translating the culture of team work and team building.
This is where I find this book important in revealing a process to achieve success through multi level marketing a building process of networking.
Delve into the book and lets improve our culture of bussiness networking.
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
Affiliate Millions
For more than a decade, the Internet has allowed people to make substantial amounts of money on both a full-time and part-time basis. Today, with even more online opportunities available than ever before, you can achieve a level of financial success that most people only dream about-and in Affiliate Millions, author Anthony Borelli will show you how.
With the help of coauthor Greg Holden, Borelli will show you how to make thousands, and eventually tens of thousands, of dollars each month through the process of paid search marketing and affiliate advertising. Along the way, they'll also share the secrets to mastering this often-overlooked strategy and provide you with the tools and techniques needed to maximize your potential returns.
Since making one million dollars through paid search marketing and affiliate advertising in his first full year of operations, Anthony Borelli has never looked back. Now, he wants to help you do the same. Filled with in-depth insights and practical advice, Affiliate Millions will introduce you to this profitable endeavor and show you how to make it work for you.
Customer Reviews:
Basic tools for the online gold rush.......2007-09-06
My experience was similar to that of "gordo the lordo." Plenty of clicks but just a few orders. Getting clicks isn't hard. What kind of clicks? That's the $1,000,000 question.
As a search engine advertiser, your task is to capture the clicks of consumers who have made a buying decision or are very close. These clicks will make money for you. The clicks of people who are "just browsing" will cost you money. You have to be a student of online search behavior.
You capture money-making clicks by finding highly relevant keywords and writing focused ads. How hard can it be? Get your ads up and running, tweak them, and watch the money roll in. You only need basic English skills and common sense. A degree in advertising or English is not going to help.
I would encourage anyone to try it because you may discover that you have the knack. By spending $500 or so, you should be able to get an idea how well you might do. Don't make the mistake I made, which was to let my ads capture several hundred clicks without getting any orders. I kept thinking "the orders will kick in." They didn't. Stop your ads after 200-300 clicks and wait for results. You can either tweak the ad (if it's close to break-even) or abandon it and try something else.
You are playing the keyword market on Google. Some keywords sell for $20 per click and more. Search engine advertisers don't get caught up in keyword "bubbles." They are only after potent "value" keywords that sell for 25 cents or less.
The keyword market is like a gold rush. Everywhere you look the ground is torn up by hordes of stampeding prospectors. You wander far and wide hoping to find a stone that hasn't been turned. How many thousands of other guys are out there trying the same thing? Good luck.
You never know. You might have the knack. Affiliate Millions gives you everything you need to know to get started. When I joined my first affiliate program and set up my first ads, I had the book open and followed it not step-by-step but word-for-word. It's just the kind of "excruciating" detail a beginner needs.
Mr. Borelli explains how to evaluate the earnings potential of an affiliate program. The profit, or course, depends on your revenue per click. An adgroup for $20 books may not be the way to go.
Should you actually make money, there is a chapter on campaign finance. You have to manage your cash flow to optimize performance. If another book on online advertising has this kind of chapter, I haven't seen it.
Mr. Borelli has set up the Affiliate Millions website for "prospectors." The only item listed for sale is the book. There is a free monthly newsletter. There are no ads. Mr. Borelli answers questions on the site's discussion board. If you are at all familiar with the "get rich online" racket you know how exceptional this is. Such sites are usually crammed with ads and have little useful information.
Mr. Borelli's advice is a bit sketchy and vague. That's because it has to be. If Mr. Borelli were to disclose his winning formula, everyone would copy him and he would be out of business within hours. All he can do is point people in right direction. Within that proviso, he provides clear and valuable information.
Mr. Borelli makes no promises that prospectors will get rich. He merely suggests that it is possible. He ends the opening chapter with "Take it step-by-step and read the chapters that follow, and you'll stand a good chance of becoming an Affiliate Millionaire yourself." If he starts the book by saying your chances are practically nil, no one will continue reading.
Like "gordo," I'm amazed that anyone could make millions at this. It would take several phenomenally successful campaigns. You would have to come up with new ones all the time. Think of the millions in revenue Mr. Borelli is generating for the companies he advertises for. They should throw a party for him.
Didn't work for me.......2007-08-21
I tried the principles in this book. I set up some ads for a variety of products and different companies through Commission Junction and was, at first, delighted that I was getting a good amount of clicks. I was confident the ads were good enough because of some experience I've had in the past writing copy.
However, after over 250 clicks to major websites that boasted a large earnings per click, I got one sale and a large $ loss. The ads were good enough to catch the people's attention, but no one was buying.
I think this is a tough way to go at it. A website might be the better way to go. I am amazed that anyone could make any money doing this, never mind millions.
Direct and Immediately Useful.......2007-07-24
I was seeking a detailed, practical and thorough "how-to" approach to build internet-based revenue. This book filled the bill. It covered all key facets of the approach - particularly helpful for a layperson - as well as for someone with web-based experience (as am I). I have yet to test the specific recommendations. The book was solid.
Basic start but could leave you broke.........2007-07-12
Its true that money can be made by signing up for affiliate programs and marketing them on pay per click search engines. However, its possible to lose a great deal of money and this book doesn't do a good enough job helping people calculate the risks. For example, the author indicates he markets Amazon products. Amazon on its basic associate program pays 4%. A $20.00 book pays a comission of .80 cents. But in pay per click advertising a marketer can pay 30, 40 cents and even a dollar depending on the keywords. In a test marketing the new Harry Potter book (book 5) I spent over 9.00 in ppc ads that resulted in 4 sales. The click thru to sale was 13%... which isn't bad. The point is, I earned only about $2, but spent over $9.00 to earn it (a loss of $7.00). The author doesn't explain how to choose affiliate programs in terms of cost vs. payoff. Anyone who reads this book will get some basic information, but before spending money on ppc advertising they'd be better off buying The Ultimate Guide to Google Adwords which does a better job explaining keywords, writing effective ads and managing campaigns.
This is a great book.......2007-07-10
A great book about search marketing and how to become a search marketer, also very helpful for people who have their own websites. I was motivated enough to start my own website, [...].
Book Description
Ed Slott is without a doubt “one of the country's leading IRA experts” (Reader's Digest). Appearing at a time when virtually everyone is concerned about retirement savings, this authoritative thoroughly accessible book presents an easy-to-follow plan for making money—a lot of money— with your IRA. Slott shows readers how to choose the right financial advisor, manage vital information and deadlines, and create a retirement fortune that will not only benefit the individual, but continue to enrich beneficiaries for generations. This powerful, straightforward tool is the book for Americans interested in creating a fiscal windfall for the future.
Customer Reviews:
IRA for the long term.......2007-06-27
I think I understood the underlying theme of this book, but the author made it more difficult to read and understand than need be. It seemed he was trying to be either clever or funny to the detriment of the content.
Help when I Need It.......2007-01-13
ONly on the first chapter and already learning what I should be doing. Easy to read and understand. With book's help I may be able to save a lot of money.
Concise info on stretch IRA's.......2007-01-04
Ed Slott is considered THE expert on stretch IRA's. Book is aimed at investors who will probably die before depleting their IRA funds. It explains how to structure a stretch IRA to pass this money on to future generations with minimal taxation.
Book is better organized than Slott's previous books. It is very readable. I keep it for a reference and have purchased additional copies for gifts.
Requried Reading for Anyone with an IRA........2006-07-23
This book focuses on ensuring that your IRA is properly set up, so that it can be passed on to beneficiaries intact, effectively establishing a "stretch IRA". The stretch IRA describes an IRA held by a beneficiary, and which will pay out over their lifetime.
This book is very well organized, and the author is clearly very enthusiastic about his subject. He does quite well making his case, that you should ensure your IRA passes intact to a beneficiary, in that it can offer them HUGE tax advantages for their entire life time.
He is also quite good about explaining the steps you need to achieve this. Much of the book is reference material that will not apply to everyone at any given time, but that is not a real criticism. The book is cheap enough, and the sections that apply to all are worth the entire purchase price.
If you have an IRA, and you have any desire to pass your assets along to a beneficiary, this book is an excellent starting point.
Book Description
This book challenges the mainstream paradigm, which is based on the inter-temporal optimisation of welfare by individual agents, and introduces a new methodology for studying how it is institutions which create flows of income, expenditure and production together with stocks of assets (including money) and liabilities evolve through time
Customer Reviews:
the most honest book I have read so far on the subject.......2007-08-28
These guys have a great and entertaining way of writing about real estate. They are also honest, there's none of this "make a million overnight with real estate" garbage. Instead they lay out the foundations for changing your mindset, which a lot of books dont even mention. How are you going to win at the real estate game if you have the wrong mental attitude and work ethic going in? After they change your attude, they lay the foundation for getting started in real estate, and telling you realistically that there will be ups and downs, but over the long haul, like a 15 year or more period, you will make substantial wealth with real estate. Loved the tone of the book as well, funny and frank with their information. They have a home study course, which I'm sure goes into more detail than this book does, and I'm going to order it. But this book is a great place to start.
They got it right!.......2007-06-03
I have longed for a book to give me real estate book that provides me the meat I am looking for without all the gimmic "surprises" and "secrets." Absolutely a wonderful book. You really are "THE Real Estate Guys" I will continue to buy books from you. Equity Happens: Building Lifelong Wealth with Real Estate
Best Kept Secret!.......2007-05-07
This book is awesome! I highly suggest it for the novice and the experienced investor! Buy it for your friends too!
Jamie R. Galloway
Realtor & Investor
American Heritage, Inc.
Nashville, TN
First class education on real estate investment !!.......2007-05-05
This book is unusual in that it is not just focused on teaching you formulaes, methodologies & tactics. Rather, it tries to educate the reader on concepts, strategies & philosophies. I encourage every budding real estate investor to read this book before buying their first property. For some of the experienced investors, this book will be a paradigm breaking experience. The book answers in great detail the below questions:
1. Why does the price of real estate go up?
2. What sustainable drivers should one look for in a real estate market?
3. For budding investors, Why equity investing is more powerful than cashflow investing?
4. Why having a real estate investment philosophy is important?
5. What stops people from buying their first investment property?
6. What is equity optimization and how can it make you super wealthy?
7. What is the difference between an "Investor mentality" and "Consumer mentality" and how it can influence your decisions?
No one book gives you all the information you need. But, in my opinion , this book teaches you vital and fundamental concepts on real estate investing that no other real estate book addresses. Great job Robert & Russ!
WARNING!!! Bad Advice. Dont buy this book........2007-05-05
These guys give you bad risky advice. Free duplex story is not realistic. Might have worked about 5 years ago. Full of fluff and useless info.
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