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Millionaire by Thirty: The Quickest Path to Early Financial Independence #2020

Millionaire by Thirty: The Quickest Path to Early Financial Independence By Douglas R. Andrew Emron Andrew Aaron Andrew Millionaire by Thirty The Quickest Path to Early Financial Independence Most people know that there are million Baby Boomers in America today but what is less known is that there are approximately million people in America between the ages of and This generat
  • Title: Millionaire by Thirty: The Quickest Path to Early Financial Independence
  • Author: Douglas R. Andrew Emron Andrew Aaron Andrew
  • ISBN: 9780446501842
  • Page: 103
  • Format: Hardcover
  • Millionaire by Thirty: The Quickest Path to Early Financial Independence By Douglas R. Andrew Emron Andrew Aaron Andrew Most people know that there are 70 million Baby Boomers in America today.but what is less known is that there are approximately 100 million people in America between the ages of 16 and 30 This generation has just entered, or will soon be entering the work force And they have no idea how to invest, save, or handle their money Young people today come out of school haviMost people know that there are 70 million Baby Boomers in America today.but what is less known is that there are approximately 100 million people in America between the ages of 16 and 30 This generation has just entered, or will soon be entering the work force And they have no idea how to invest, save, or handle their money Young people today come out of school having had little or no formal education on the basics of money management Many have large debts from student loans looming over their heads And many feel confused and powerless when their pricey educations don t translate into high paying jobs They feel that their 30,000 40,000 salary is too meager to bother with investing, and they constantly fear that there will be too much month left at the end of their money Douglas R Andrew has shown the parents of this generation a different pathway to financial freedom Now Doug and his sons, Emron and Aaron both of whom are in their mid 20s show the under 30 crowd how they can break from traditional 401k investment plans and instead can find a better way by investing in real estate, budgeting effectively, avoiding unnecessary taxes and using life insurance to create tax free income With the principles outlined in Millionaire by Thirty, recent graduates will be earning enough interest on their savings to meet their basic living expenses by the time they re 30 And by the time they re 35, their investments will be earning money than they are, guaranteeing them a happy, wealthy future.
    Millionaire by Thirty: The Quickest Path to Early Financial Independence By Douglas R. Andrew Emron Andrew Aaron Andrew
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      Posted by:Douglas R. Andrew Emron Andrew Aaron Andrew
      Published :2020-04-11T22:43:36+00:00

    About "Douglas R. Andrew Emron Andrew Aaron Andrew"

    1. Douglas R. Andrew Emron Andrew Aaron Andrew

      Douglas R. Andrew Emron Andrew Aaron Andrew Is a well-known author, some of his books are a fascination for readers like in the Millionaire by Thirty: The Quickest Path to Early Financial Independence book, this is one of the most wanted Douglas R. Andrew Emron Andrew Aaron Andrew author readers around the world.

    794 Comments

    1. The core of this book can be summarized down to a few pieces of advice 1 You should buy a house as soon as possible Rent is throwing money away, but a mortgage is going back to you Get creative, borrow money from a relative, make a creative arrangement with the owner, but buy ASAP This is pretty standard, solid advice and not controversial 2 Banks make money through arbitrage They borrow money from customers with savings accounts or certificates of deposit and give them a lower rate of interest, [...]


    2. It offers solid advice, but not the easiest read.The book has some viable steps, mainly focused utilizing real estate to build your wealth portfolio but the examples can confuse a bit Might take reading them 2 3 times to fully understand them, if not accustomed to Andrew s wealth building method I still don t know if I feel comfortable enough investing in an after tax IRA, instead of my work s pre tax IRA Although its worth contemplating if you desire no tax withdrawals But I do see the perk in [...]


    3. Adult nonfiction personal finance investing This book read like an infomercial, treating the reader like a chump good thing I got it from the library instead of actually buying it I would not recommend it the Rich Dad, Poor Dad series is way better at empowering readers to take control of their financial health.


    4. Most of the info on this book was very pre 2008 They really push the whole highly leveraging yourself to millionaire status If you re able to take on a million in debt, great Otherwise, if you re looking for a reasonable personal finance book, skip this one.



    5. I don t know quite what to think of this book It seems very much like Rich Dad, Poor Dad which is a complete sham and I feel like I ve been propositioned for a bad network marketing opportunity There has to be a down side to MFTA plans they talk about none of that Unfortunately, the only info I ve found is from sources at both ends, there doesn t seem to be any objective, reputable people saying hey, this isn t a bad deal, but here s what you have to look out for.


    6. This was a quick read as I am familiar with the subject matter What I liked was the focus on having a balanced life Truth be told I saw the book at the library and wouldn t have even bothered except that one of the authors shares the first name of my new nephew It turns out to be written by a father and 2 sons and to really simplify it has you using your home equity to buy real estate, refinancing every 2 to 4 years and pulling the money out to get leverage and so on They are also huge fans of [...]


    7. Millionaire by Thirty is all about building assets from an early age To do so, Mr Andrew recommends methods that are the opposite of conventional wisdom For example, maintaining a high mortgage balance or two high mortgage balances to fund other investments is an ideal way to take advantage of low net cost financing to fund other higher yield investments He also is a staunch believer in the universal life policy if purchased at a young age There are not many independent advisors making the unive [...]


    8. Don t be fooled by the ridiculous title Didn t read the entire thing it s really well divided so that you can skip the stuff you already know about I really recommend it to everyone who recently um, in the last decade or so became finacially independent or to those who did a long time ago and still don t know what the heck they re doing Even if you don t make very much money like me , you can probably be doing a lot with what you have Since reading it, my boyfriend and I bought a condo and are [...]


    9. Liked it because it complements my existing real estate plan 2 ideas that really resonated with me 1 Your real estate equity earns zero return, 2 Tax advantaged deposits and retirement withdrawals with Insurance MFTA s Everything of course bears some due diligence and tweaking as this is a pre 2008 book, so appreciation is not as hearty, refinancing is difficult, etc but worth looking into.


    10. Most critics say this is a sales pitch for mortgage brokers and life insurance salesmen In my opinion, they do not do a good enough job explaining the insurance component which, under the right circumstances, can be a very powerful tool.Definitely worth the read if nothing else than for an alternate view of saving investing beyond the 401 k and or IRA.


    11. This book is about starting early to ensure security in the later years The approach is conservative and this ensure the safest methods being applied Also it touch on the benefit of tax breaks and how to optimize it Recommended to those who are still new in personnal wealth management and asset accumulation.


    12. Reading this for one of my classes this summer.This book is basically the opposite of what Cris and I have done I think we have done well over the years, so I didn t find this book helpful at all Cris said I should have been exempt from reading it since I m over 30


    13. The numbers are just not accurate any The book was out in 2007 and is reliant on real estate Feel bad for the folks that followed this advice at that time Some of the ideas are valuable Certainly better books out there Check Rule 1 Investor or Multiple Streams of Income.


    14. This book had some great ideas that are not your standard ideas either It s always good to hear different ideas on investing So, if your new to wanting to make money or if you have been at it for a long time then this will be a good book either way.


    15. Some good concepts here, but overall it feels lacking.It s like they re offering some interesting ideas to swirl around in the head, but only enough to make you realize how much you don t know or would need help to actually execute on them.



    16. Definitely another package selling book idea, but it s ok to use for learning the foundations of real estate investing.



    17. This book was very eye opening This is an approach to save for retirement very different than others I have heard The methods in this book are for those with strict financial discipline.




    18. I hate the Millionaire titles But, this is a good book to get anyone started with a budget, good credit score, and to start saving


    19. Pretty good book As long as you implement the advice given in this book, I m pretty sure anyone could become a millionaire by 30.




    20. Lots of great tips Unfortunately due to the housing market in L.A and the economic recession, I am not able to take all of these guys tips to heart But I will do what I can.



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