The Motley Fool Discussion Boards
Financial Planning / Wealth Creation Strategies
|Subject: Re: New book: Missed Fortune||Date: 5/11/2004 4:55 PM|
|Author: JAFO31||Number: 17 of 73|
FitzWealth: "Ok, I got a chance to look through it at the local bookstore. I noticed two main points in the book.
First, mortgage to the hilt, NEVER pay off early, etc.
Second, Universal Life Policies are the BEST investment vehicles.
Both these have to do with taxes: deductions, capital gains, passing on to heirs.
I have no idea if his theory is sound as, reasoning that such strategies would not make sense in my situation for at least a few years, I stopped there and returned the book."
Must have been written by an insurance sales person (or a former sales person). And upon further speculation, I suspect that it is as much a Rohrschach test (and as accurate) and the Rich Dad, Poor Dad stuff written by Robert Kiyosaki.
See also: http://www.mastermindforum.com/kiyosakiresponsetoreed.htm
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