Book Summary: Safe Money Millionaire - Written by Brett Kitchen and Ethan Kap

Guaranteed retirement income is the name of the game. I think the financial industry has done their best to destroy trillions of dollars of wealth for a commission. I am fine with people getting paid for rendered services but there should be no fees in a loss market situation. We need to be thinking about preserving our capital as well as building it and NOT gambling our future away.

Why is this important to me?

I always want to ask this question as if I am sitting in your shoes. I don't want to waste your time. How are you doing in your retirement? Have you made money in the last three years or are you still in a rebound from the 40% haircut that Wall Street provided in typical 401K plans?

The great housing burst was partially created by derivatives. Perhaps 100 people actually understand these instruments. Our economy was on the verge of collapse because traders needed to get their year end bonus. Selling financial instruments that can take down a banking institution with a simple 3% price movement is not the smartest way to go. Lehman Brothers, Bear Stearns and Merrill Lynch all proved this in 2008. Traders leveraged billions of dollars for millions in commission. I guess you need to go to Harvard or MIT to understand these trades but the math does not look to smart even to a 3rd grader.

Safe Money Millionaire is a good book that you need to read if you are interested in having a retirement. Rule #1 simply states don't lose money and Rule #2 states - don't forget Rule # 1. This book adheres to these rules.

Safe Money Millionaire is a quick read that covers several topics. For the sake of time, I will cover three key takeaways. The end goal is financial freedom and independence.

1. Breakup with Wall Street - If you invest strictly for Rates of Return then you are doomed. This is a one dimensional approach that does not work for the masses. Wall Street pitches investment advice 24x7. This is designed to attract sheep. Cramer from Mad Money recommended viewers purchase CIT Group because it was primed for an uptick. Four weeks later CIT filed for bankruptcy. This type of advice is seen all over the place. You are encouraged to buy Mutual Funds that have a high past performance. If you really think about this you are being encouraged to buy at a high price. To make money you need to buy low and sell high. Gambling is a sure way to financial ruin. You need to take your financial education into your own hands. You need to guarantee your principle and your rate of return. The key word here is guaranteed.

2. Pay Taxes on the Seed or the Crop - Farmers are allowed to either pay taxes on the seed or the crop. Which would you rather do? If you said pay on the seed then you are correct but this also blows your 401K logic out of the water. When you pay seed or basically invest in after tax dollars, you are locking in your future because you know exactly how much money you will receive back. If you decide to pay on the crop then it is not guaranteed how much you will pay because most likely the tax rate will be higher. To be a Safe Money Millionaire, you need to pay on the seed not the crop.

3. Financing Yourself to Wealth - This does not mean leverage yourself to the hilt with bank debt. Financing yourself to wealth means creating your own bank and then using your money efficiently to become wealthy. Why did Willie Sutton rob banks? Because that is where the money is. This strategy is one of the strongest I have seen and using the Infinite Banking Concept with a long term approach will absolutely secure your future.

Safe Money Millionaire is another book that highlights the Infinite Banking Concept and debunks traditional investment advice. In the book the authors quote Suze Orman. When asked what she invests in, she says: "I save it and build it in municipal bonds. I buy zero-coupon bonds and all the bonds I buy are triple-A-rated, and insured so even in the city goes under, I get my money." When asked about playing the market, she says, "I have a million in the stock market, because if I lose it, I personally don't care." These statements are powerful because she invests in guarantee returns. The bond market is NOT the stock market.

I hope you have found this short summary useful. The key to any new idea is to work it into your daily routine until it becomes habit. Habits form in as little as 21 days. One thing you can take away from this book is Rule #1- Don't Lose Money. Schedule 15 minutes each day to get educated on guaranteed investments like permanent life insurance, insured bonds and annuities to jump start your way to financial freedom. These require education on your part. When you do that and couple it with the Infinite Banking concept then not only will you be financial independent, you will become wealthy.

Joe Mosed invites you to subscribe to http://www.successprogress.com/ to receive free video book summaries. Our vision at Success Progress is to provide relevant & meaningful content to our user community. To view the video summary of this article please visit http://www.youtube.com/successprogress

(c) Copyright - Joe Mosed / Success Progress All Rights Reserved Worldwide.

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The Science of Getting Rich - A Review

The Science of Getting Rich is a book written by famous writer Wallace Wattles. He was born at the time when there was war all over United States in the 1800s. Wallace Wattles did face a lot of failures and hardships in his early life, and later in his life he did lot of tireless studies and various experimentations, which he has used in this book. This book is ideal for men and women alike because it is a practical manual and it tells everything about achieving goals and earning money. The practical approach of The Science of Getting Rich is what makes it different from other books in its league and thereby making it a huge success.

The Science of Getting Rich is a successful self-help book and it is so popular that it can easily find its way in the future Hall of Fame of popular books. It has all the ingredients that are necessary for a book to be exciting, appealing and readable. Moreover, The Science of Getting Rich is short and to the point and it is written in a lucid and eloquent manner, so that the readers can easily understand what it is trying to convey to its audience.

It is a book that Wallace wrote hundred years ago to make people understand the concept of wealth acquisition faster. This is a book that will only tell you about how to make money and it has nothing to do with raising your self-esteem or identifying goals to lead a happy life. Wallace is direct to the point and makes it clear that everyone has the right to be rich and wealthy. However, he never ever promotes negativity like greed or selfishness.

The Science of Getting Rich is an exciting book, however, there is one negative aspect about this book; it is a psychobabble and for some readers it might not be very much appealing. The Science of Getting Rich will not tell you about the types of investments that you should make to become rich or about any exercise that will help you to become rich. It is a book that will tell you that to become rich you have to manage your day-to-day business affairs efficiently, so that money can come in. So, as a whole this a great book to read because it is extremely appealing and it is true to its subject matter.

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Smart Women Finish Rich

David Bach's, "Smart Women Finish Rich", inspires women to begin planning for a secure financial future, immediately. Women of all age groups and backgrounds can benefit from reading and studying this book.

David Bach created an easy to understand program, which will guide you through your finance maze. Learning about money is a never-ending lesson, because the world and the economy is constantly changing. Today, hundreds of thousands of women are taking action to address their personal finances.

Women need to become empowered and gain financial education, because sadly, a divorce, a death or an illness, can leave women financially destitute if their sole reliance is on their partner to take care of them. Whether you are in your 20's or your 80's, single, married, divorced, or widowed; whether you are a professional or a homemaker, this book will empower you to see that you are more than capable of taking stock of your finances and your financial future. This book was designed to equip women with the right tools.

"Smart Women Finish Rich" draws a financial road map that will instruct you on how to go from where you are right now, to where you want to be. David launches into the first step in the book, which covers learning the facts and myths about you and your money. There is a financial knowledge quiz which can be filled out, to determine how knowledgeable you or aren't, about your personal finances.

The second step covers putting your money where your values are, which incorporates a values ladder. You can create your own values ladder, which enables you to look deeper within yourself, intensely affirming to you, what is most important to you.

Step three gets you to think about where you are currently standing financially and where you would like to go. David Bach outlines the "finish rich folder system", which helps you to begin getting organised. There are some goal setting exercises and worksheets to complete, helping you to figure out where you would like to be. There is a "personal plan for success" worksheet, helping you to overcome your challenges.

In step four, David talks about the "latte factor" and how to create massive wealth on just a few dollars a week. In step four of the program, you are encouraged to get your spending under control. There are a series of exercises you can use in the book to help you to control your spending.

In step five of the book, David talks about the "three baskets" - the security basket, the retirement basket, and the dream basket. He states that the security basket protects you and your family against unexpected emergencies or events, the retirement basket safeguards your future, and the dream basket grants you the opportunity to fulfill core desires that make life worthwhile.

Step six covers the 10 biggest mistakes investors make and how you can avoid making the same mistakes.

Step seven is particularly helpful in empowering savvy women to teach their children to become smart with money and to "finish rich".

In the updated edition, David includes crucial long-term investment advice, information on how to teach your children about money, Internet resources, and new ways to attract greater wealth, both personally and financially, into your life.

Zurieka Model is a leading online entrepreneur and business coach, seeking to help struggling individuals and entrepreneurs to become better financially educated and live a life by design. Finish Rich.

? 2011 Zurieka Model

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The Science of Getting Rich, A Proven Mental Program by Wallace C Wattles - A Book Review

Synopsis of Content:

Wallace D. Wattles spent a life time studying and writing about the laws of success. He studied the great philosophers and contemporary writers. Wallace was convinced that wealth is attracted, as is poverty and every other condition. He taught that barriers could be overcome and success attained by mental discipline. He also advocated building wealth through creation and not competition. His book was first published in 1910.

Wattles insisted that one must first lose any reservations about getting rich and accept one's right to be rich. He dispels many of the myths about wealth and teaches how it can be used for the good of man, especially when it is the result of creative work rather than competitive work. He insists there is a science of getting rich and that many have discovered its laws. Rich people are not necessarily brilliant - they simply understand the laws of the science of getting rich while poor people do not.

He dispels the myth that opportunity has been all snatched up and teaches that for those who observe and are open to what the world had to offer there is a great deal of opportunity. In fact he says that opportunity is unlimited, or limited only by your imagination.

Wallace then sets forth the principles of getting rich. Those principles are:

? Thought is the only power which can produce tangible wealth from formless substance.

? Man can form things in his thought and by impressing his thoughts upon formless substance (raw materials) he can cause the things he imagines to be created.

? A man's way of doing things is the direct result of the way he thinks about things.

? To think what you want is to think truth, regardless of appearance. There is a thinking stuff from which all things are made, and which, in its original state, permeates, penetrates and fills the interspaces of the universe.

Wattles then urges the reader to reject the idea that we are dependent upon a deity to accomplish our aims. Here he may leave the devout a bit cold and although one need not accept this aspect of his teaching to benefit from what he says over all it is true that he is stressing the power of the individual mind to change reality.

Wattles insists that as long as your intent is harmonious with the universe it will support you and your purpose. That is, as long as you intend no one any harm you will be well served by all of nature in your pursuits. And he stresses the importance of gratitude in one's pursuit of wealth and success.

He describes with particularity the way you must form clear pictures in your mind of what you want to attain it. He teaches the strength and the power of focused and disciplined intent.

Wattles' teaching was not new in 1910 and we recognize in it much of the "new age" thinking on manifesting and creating that is common in thousands of books today. He taught visualization, pioneered by William James and others, and the power of intent, attitude and the disciplined mind. You see his influence in the work of Napoleon Hill and others including many of today's leading authors, philosophers and teachers.

While he is didactic and somewhat narrow in his theory and advocacy, insisting for example that the reader read no other works on success or wealth building other than his book, he has a lot to offer the contemplative mind and was truly a pioneer in many areas of self improvement teaching.

Readability:

Wattles wrote in the common style of the early 20th century. He wrote reasonably well but the text tends to be somewhat pedantic. It lacks the outline format of modern nonfiction literature. If you put a bit of effort forth it is well worth it. If you do not want to work at all at reading this may not be for you.

Overall Rating: Good

Daniel R. Murphy writes on success and how you can build wealth. Would you like to learn how others have been successful in business and in life? For a free success ebook and much information which can help make you successful and financially independent visit http://www.bookstowealth.com/. Begin your self-education today learning how others have become successful and rich! Do it today!

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Making Money Fast

Many people are under a lot of financial pressure. Some are so desperate that they are looking for ways of making money fast. Needs that keep a man on his feet are good, this is because they make him utilize his most potent resource; his mind. It is a known fact that desperation can push a man towards the other extreme of losing his power of concentration which is an essential prerequisite to think well and solve problems. This could make him rather frenetic thereby compounding his problems.

There are two important questions that a person in a dire financial circumstance should ask themselves. The answers to these questions should determine the next step to take. The first question is 'how did I get here?' In other words 'why am I in this desperate financial situation?'A person may be in a financial dilemma because they lack financial discipline and are always spending more than they earn. It could be as a result of debt whose interest rate is too high thereby making it difficult to repay and squeezing out scarce funds from the individual's pocket. It could also be as a result of lack of a job and the consequent lack of a source of income.

The second question is 'what should I do to be out of this situation?' 'What am I to do to get money?' This is where the amazing power of the mind is brought to bear in solving a man's problems. Knowing the reason for financial crisis would help to find a solution to it. Using the law of causes and effects, when the cause of a problem is identified, dealt with and eliminated, there is no reason why the effect should not be eliminated as well. Having known the reasons or causes of the financial crisis the next thing is to eliminate those causes and this requires thinking along this line, 'What are the things that I should do to start making money fast?' Take time to think. Get a pen and paper and start listing the things that you can do to make money quickly? Think about this deeply until you've written down at least 20 solutions that could help you make money quickly.

For the unemployed who wants to get a job, it is worthy to note that most times, getting an employment ordinarily does not depend on the employee, it may not be a solution to make money quickly. But there are jobs that are considered stop-gaps that an individual could get quickly and use the money earned from it to reduce the pressure that lack of money puts on them. You shouldn't say 'I won't be caught dead washing plates' because it is a temporary job that could help you put food on the table until you get the type you deserve. When your solutions are all written down, start taking actions on them and you'll start seeing results that show you that making money fast is possible.

Chika Chukwukadibia invites you to participate in some of the best income generating programs on the net. This system integrates four income streams and shows you how to promote and earn in a short time. Making real money online is easier than you imagined. For details, visit http://www.mastercashmachine.com/

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The Wisdom of Andrew Carnegie As Told to Napoleon Hill by Napoleon Hill

Synopsis of Content:

In 1908 a young reporter named Napoleon Hill obtained an interview with recently retired steel magnate Andrew Carnegie. Carnegie had just sold his steel mills to a trust which would become US Steel. He was busy spending the last half of his life giving away the fortune he had accumulated during the first half. He was the richest man in the world and the most successful.

Carnegie turned the original hour interview into a couple days where he lectured Hill about the principles of success he had learned and applied in business to become so successful. He liked what he saw in Hill and commissioned him, should he accept, with the task of interviewing most of the successful men of the time and writing a science of success, based at first on Carnegie's thoughts and then on what he would learn from the men of industry. Carnegie would pay Hill nothing - but would write him letters of introduction which would allow him to mine wisdom about success from nearly every man of success during the first quarter of the 20th century.

In this book Hill purports to recount the wisdom given him by Carnegie. While there is no reason to doubt that many of the gems in the book may have come from Carnegie, among others, there is good reason to doubt it all did. First because it is written in Hill's verbal and rhetorical style, including the quotes he attributes to Carnegie, and second because he makes generous reference to events that came long after Carnegie's death. Also, he adds in things like the supremacy of a positive mental attitude which came not from Carnegie but from Hill's later collaborator, W. Clement Stone. In fact this book was originally written under the title Think Your Way to Wealth and in 1953 published as How to Raise Your Salary. Later it was re-released as The Wisdom of Andrew Carnegie as told to Napoleon Hill.

The basic content in the final version is the 17 Principles of Success that Hill first wrote in his Science of Success series and repeated in various formulations in later works.

Like everything by Hill however there is a great deal of useful material here. The reader may well wish to skip over some parts that may not seem helpful but the greatest part of it is among the best of Hill's writings. The success principles and disciplines he writes about are the root of much of the success literature of the past 50 years and many of the speakers, leaders and authors in the success and self improvement field have been deeply influenced by this work.

Readability/Writing Quality:

This book is very readable. Like much of Hill's work it is easy to get through and well organized. Unlike some of his earliest work it is concise. Beginning with Think and Grow Rich Hill had learned to write with economy - a method much more accessible for the average reader.

Notes on Author:

Napoleon Hill dedicated his life to fulfilling the challenge he claimed that Andrew Carnegie had given him. I have yet to discover any independent record of this. I checked with the most recent biographer of Carnegie and he found no reference in any of Carnegie's papers or other biographies about him concerning this conversation or acquaintance with Hill. Yet, Hill spent a life time insisting upon its truth and no one to my knowledge from the Carnegie family ever challenged it.

In the 1930s, after many disappointments and failures, Hill gained national fame as a bestselling author with Think and Grow Rich, based in large part upon his studies under Carnegie and inspired by him.

Three Great Ideas You Can Use:

1. Before Hill met W. Clement Stone and agreed with him that a positive mental attitude was the most important quality for success Hill insisted that Carnegie and the man other successful men whom he had interviewed and learned from had discovered that having a definite major purpose in life and focusing all one's energy toward it was the first key to success. Whether you agree with Carnegie that this is the most important requisite for success or whether you concur with Stone that a positive mental attitude is most important may not matter - both attributes are vital to success in every area of life.

2. Use of the Master mind principle is the second great lesson taught by Carnegie. Carnegie and Hill both learned early in life that no one attains great success alone. To assemble a group of like minded people who will work together in harmony for a joint objective is the most powerful force in human endeavor and a key to success.

3. The exercise of self discipline is also a necessary and fundamental requirement for success. Those who have mastered this skill succeed - those who have not most often do not.

Publication Information:

The Wisdom of Andrew Carnegie as told to Napoleon Hill, by Napoleon Hill.

?1953, 1981 and revised in 2004. Published by the Napoleon Hill Foundation, Wise, Virginia.

Over all rating for this book: Very Good.

Daniel R. Murphy writes on success and how you can build wealth. Would you like to learn how others have been successful in business and in life? For a free success eBook and much information which can help make you successful and financially independent visit http://www.bookstowealth.com/. Begin your self-education today learning how others have become successful and rich! Do it today!

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Success Blueprint: The Four Hour Work Week

If you have read "The Four Hour Work Week", you already know Timothy Ferriss. I love Tim's whole theory on life. In his book, he touches on so many critical aspects of creating and living a life that you own, that it is hard to summarize the book in one article. So I simply want to touch on one point he talks about: the reality of retirement.

In his book, Timothy explains how retirement as most people know it is unfulfilling and empty, and that instead of working hard for forty years to do nothing in the end, he lives a life full of 'mini-retirements', because he has created an income source that he is passionate about and that allows him to travel, have fun, and live with purpose. His book is a resource for outsourcing your life and will make you think deeply about what is truly important to you. It will open your mind to options.

Like a bear in a zoo, most people live their lives in a 'cage', and feel uncomfortable when the bars are removed because they don't know what is beyond them. They are comfortable and happy being fed and taken care of by someone else. The thought of escaping is normally not in their comfort zone. The years you spend working for someone else, 'trains' you to live within certain boundaries, and not to expect that anything else is possible. The ultimate goal of living in this state is normally retirement...being able to do nothing. Or being able to do anything you want.

However, after forty years in a 'cage', the wilderness is not so exciting. In fact, it's scary. After years of routine, you suddenly find yourself free of the bars, and are lost for what to do. There is no purpose in doing nothing so many people simply wait for the next stage which is old age, and finally death.

By simply reading books like The Four Hour Work Week, you may get some ideas about how to softly remove a few bars from your life. And who knows... maybe even all of them so that you too, can live a life of mini-retirements like Timothy, and eventually fire your boss.

Tim lives a fulfilling mobile lifestyle which I envy. He had solved the problem of how to live so that your life is not all about work and teaches his ideas in a very easy to understand way. Basically, if you want to live life on your own terms, The Four Hour Work Week could give you some guidance and ideas.

Rebecca Ness is a work from home mom who uses internet marketing and network marketing to enjoy the life she desires. To see Rebecca's exact system for online marketing success visit her at http://rebeccaness.com/

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