David, I bought your book for my son who is 22 but decided to read it first. Thank you for simplifying the wealth building process for hard working Americans. My parents knew about saving for a rainy day and buying savings bonds, but that was the extent of their financial knowledge. I knew there was a better world and faster way, but didn’t learn until my forties. I became very frustrated when taking a retirement seminar 6 years ago since the financial consultant wasn’t very interested in helping me because I didn’t have thousands of dollars to hand over to him to invest. He did tell me about the only thing I could do was have my husband max his 401k plan. Finally, I found a NIAC (National Association of Investors Corp.) club locally to join, which helped tremendously, especially when my husband lost his job in 2002 and we had to rollover his 401k plan to an IRA.
Also, when I turned 40, I started my own tropical plant business taking care of indoor plants for the rich in their private homes, so I get to see first hand how the rich really live and spend their money (and it is not like most people think). The truly rich don’t live beyond their means. One client gets richer by buying up homes that have been lost to the bank with equity in them. Example: A $250,000 home that was lost and had equity of $100,000 in it when the mortgage co. repossessed it. They buy it up, send in the painters and landscapers to spruce it up again and sell it for the $250,000. Then they pay cash for their Mercedes with the $100,000 profit they just made because someone else was living beyond their means.
Anyway, at age 50 we are still playing catch up for our retirement and learning better financial knowlege later in life. Good parents always want a better life for their children and your book and program were good investments for our son. Like I said, I wish our parents would have known more about investing and the beauty of compounding interest, so we wouldn’t be playing catch up for our retirement now. I’ve already recommended your book many times and it was recommended in NIAC’s Better Investing Magazine, which is why I decided to buy it.
