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| Missed Fortune 101: A Starter Kit to Becoming a Millionaire | 
 enlarge | Author: Douglas R. Andrew
Publisher: Business Plus
Category: Book
List Price: $23.99
Buy New: $0.59
You Save: $23.40 (98%)
Buy New/Used/Collectible from $0.59
Avg. Customer Rating:  (78 reviews)
Sales Rank: 28564
Languages: English (Original Language), English (Unknown), English (Published)
Media: Hardcover
Number Of Items: 1
Pages: 304
Shipping Weight (lbs): 1.1
Dimensions (in): 9.1 x 6 x 1.2
ISBN: 0446576573
Dewey Decimal Number: 332.02401
EAN: 9780446576574
ASIN: 0446576573
Publication Date: January 3, 2005
Availability: Usually ships in 1-2 business days
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| Editorial Reviews:
Product Description
From financial expert Douglas R. Andrew comes an extraordinary book that challenges the most basic and fundamental concepts of personal investing in a user-friendly format. In the 30 years Douglas R. Andrew has worked as a successful financial analyst, lecturer, and retirement consultant, he has routinely questioned and challenged the accepted tenets of personal finance. His conclusions are absolutely startling. In 23 informative chapters, Andrew reveals his no-nonsense, yet unconventional, financial growth strategies that challenge widespread money myths and make his clients rich with advice like: * You shouldn't pre-pay your mortgage
* Don't expect your 401Ks and IRAs to cover retirement
* You can (and should) buy a home with no money down
* and more! Originally self-published as MISSED FORTUNE (Paramount Publications, 7/03) and targeted towards a more professional financial audience, the first edition of this book sold 10,000 copies. In 4/04, it was published in Warner Business Books trade paperback (0-446-69350-2). This new hardcover edition has been significantly condensed to appeal to the average personal investor.
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| Customer Reviews: Read 73 more reviews...
 Scam!!!!!!!!! September 16, 2008
Please don't waste your time, effort and money on this idea!!!! Been there done that, trust me you will be sorry. Check out the insurance policies on google first, these are not investments at all, just a way to give all your money to the insurance company. They say there liquid, safe, & guarantee your principle will be safe. Don't buy it, what they don't tell you is all the fees and commissions and taxes up front, kill any chance of you coming out ahead, even after years!!!!! & Years, you do the math, it doesn't add up, isn't true, and should be outlawed soon before someone gets really mad!!!!!!!!!! What ever you do don't take a second mortgage on your home and also put that in jeapardy. Basically you will be living in a nightmere state. That's where we're at now. Trying to get out of it!!!!!!!!!!!!! PS the Missed Fortune will be yours and the insurance company will then have it. Please don't waste your time!!! sincerely Teresa I had to give one star on the review because it won't accept none. Sorry! for that!!
A foolish scheme September 5, 2008
1 out of 1 found this review helpful
Horrible, awful advice from an insurance pitch-man. He conducts these "seminars" around the country where insurance agents and mortgage brokers are invited, and they are encouraged to bring potential clients so that the missed fortune people can make money, insurance agents can generate giant commissions on worthless products, and mortgage brokers can write up re-fi loans.
There is NO SUCH THING as "investment-grade life insurance." It's a made-up term. My sandwich I had had for lunch is "investment grade." What does that mean? Nothing. People who don't know any better are suckered into this scam by a huckster who is making money from this book and the seminars.
Do NOT be fooled by this scam. Don't buy the book, and certainly don't buy the "advice." This author is clueless.
 Not full disclosure July 5, 2008
1 out of 2 found this review helpful
I have read both of the MF101 books and find that they do not fully disclose the potential pitfalls of equity harvesting. I believe as a mortgage planner, it is my duty to introduce my clients to the concept of equity harvesting; however, under full disclosure. Equity harvesting can be a powerful wealth building tool, but before implementing equity harvesting, one must be aware of the pros and cons. I believe many advisors unknowingly may be opening themselves up to potential lawsuits by not fully disclosing the potential downsides to equity harvesting.
MF101 seems too much like a salse book created to sell life insurance products. Missed Fortune 101 implies that someone would be an idiot if they did not refinance their home and invest it in life insurance contracts. Can equity harvesting be a viable option for wealth building? Absolutely. However, the fact is that equity harvesting is not for everyone; therefore focusing on becoming debt-free, including paying your mortgage off early, is often times for many, the best course of action to take.
MF101 is nebulous in many of the concepts, and does not give full disclosure.
 New Ideas that seem like commn since once explaind by Dough Andrew in this book. April 17, 2008
2 out of 4 found this review helpful
Dough Andrew has many ideas that seem to go against traditional ideas of investment. But once you read his book it seems like common since and you wonder why no one has presented these ideas before.
Very respectfully,
Marty Burbank, JD, LLM(tax)
Get rich with no money down!! April 3, 2008
2 out of 4 found this review helpful
Add this to the list of books that explain how you can get rich in a fantasy world. Look folks, if it was easy everyone would be doing it. You'll get rich faster by putting the money you would spend on this book into a saving account.
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