Fast Profits in Hard Times: 10 Secret Strategies to Make You Rich in an Up or Down Economy [Hardcover]

Jordan E. Goodman (Author)

Book Description

Publication Date: January 11, 2008

In FAST PROFITS IN HARD TIMES, Jordan
Goodman provides a wealth of 5-minute tips for earning extra income the easy
way, without unnecessary risk or extra legwork. Find out about:

100 stocks that offer free premiums if you reinvest their dividends

How to profit from Dividend Reinvestment Plans (DRIPs) quickly and
safely

Tax liens, which can provide risk-free interest of up to 25%

Trading stock options and how it can be, contrary to popular belief, very
low-risk with the right
knowledge and tools

Financial investment clubs and how they can help you gain leverage in the
market

--This text refers to the Audio CD edition.

Editorial Reviews

Review

"Empowers investors to take control of their money and earn high returns no matter what the economy is doing...I am a big believer in passive income strategies, and Goodman explains them in a simple, easy-to-understand way and gives you the resources to create a stream of substantial passive income." -- T. Harv Eker, New York Times bestselling author of Secrets of the Millionaire Mind

"What Goodman has done is to show how anyone can find alternative pathways to financial success. He not only explains these strategies, but also provides helpful Web sites and other key information as well. This book is a real positive investment in building your financial future." -- Douglas R. Andrew, New York Times bestselling author of The Last Chance Millionaire

About the Author

JORDAN GOODMAN is the president of Freedom Investment Club's Financial Services division. It is the largest investment club in North America, with over $35 million in assets. He speaks across the country on investing and is a regular guest on Neil Cavuto's "Your World" segment on Fox News and Jim Bohannon's nationally syndicated radio show.
--This text refers to the Paperback edition.

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Product Details

• Hardcover: 256 pages
• Publisher: Business Plus (January 11, 2008)
• Language: English
• ISBN-10: 0446581569
• ISBN-13: 978-0446581561
• Product Dimensions: 6.2 x 1 x 9.5 inches
• Shipping Weight: 15.2 ounces
• Average Customer Review: 3.6 out of 5 stars  See all reviews (11 customer reviews)
• Amazon Best Sellers Rank: #302,984 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

39 of 43 people found the following review helpful:

4.0 out of 5 stars Something for every level of "financial" knowledge, January 11, 2008

By 

Armchair Interviews (Minneapolis, MN) - See all my reviews

This review is from: Fast Profits in Hard Times: 10 Secret Strategies to Make You Rich in an Up or Down Economy (Hardcover)

Fast Profits in Hard Times well worth the money. It highlights ten successful strategies for wealth accumulation that work in rising or falling economic conditions. By wealth accumulation I mean money earned on investments. You still need seed money to start the process, of course.

Everyone knows it's easy to make money on investments when the stock market is bullish. Buy low and sell high. Even the worst mutual fund manager can't help but look like a star under this scenario. But what do you do when the bears come out? How do you generate a healthy return when stocks are dropping? This book helps answer these nagging questions.

The text is less than 250 pages, so it's an easy read. The style of writing is direct; it's like Jordan E. Goodman is sitting across the table from you in a conference room. There are ample call-outs and highlights to make sure you catch and remember the most important points of each of the ten chapters.

My favorite chapters are the ones on high-yield equities, dividend reinvestment programs (DRIPs), bonds and the mysterious foreign exchange. The chapter on stock options is solid, but I think it underemphasizes the risk associated with these leveraged investments. A summary chapter at the end of the book on risk vs. return is something I longed for. Also I found the chapters on tax liens and below-market-value real estate and trusts to be a bit too timely. It seems like everyone is pushing these vehicles nowadays in the foreclosure-rich environment. But make no mistake; the chapters are well-written and chock-full of information.

I'm still chuckling about the chapter on investing in vending machines.

Armchair Interviews says: For the novice investor, Fast Profits in Hard Times is a goldmine with ten solid veins. For experienced investors, there are some good tidbits.

11 of 12 people found the following review helpful:

5.0 out of 5 stars NOT a "Get Rich Quick" Scheme, December 6, 2008

By 

Elaina E. Jackson "Cool Aunt" (Lake Tahoe) - See all my reviews
(REAL NAME)   

Amazon Verified Purchase

This review is from: Fast Profits in Hard Times: 10 Secret Strategies to Make You Rich in an Up or Down Economy (Hardcover)

Nothing is for free, and the advice Goodman doles out proves that you can't get something for nothing. You will need to make a financial investment (albeit with some low upfront options) and you will have to work (research, study, plan, organize, think). However, I thought Goodman did an EXCELLENT job summarizing often complex and "mysterious" financial investment strategies and explaining them so that an interested and alert reader could understand and implement.

I have purchased several investment books, and this is my FAVORITE. I heard about this book on CNN (or was it Fox?) and am glad I purchased it. Don't tell Goodman (or Amazon) but I would have paid several times more for the knowledge "Fast Profits in Hard Times" imparted.

I will definitely be implementing some of Goodman's strategies. Thank you, Mr. Goodman!

6 of 6 people found the following review helpful:

4.0 out of 5 stars Good intro to various investment strategies, August 17, 2009

By 

Mariusz Skonieczny "Author" (Schaumburg, IL) - See all my reviews
(REAL NAME)   

This review is from: Fast Profits in Hard Times: 10 Secret Strategies to Make You Rich in an Up or Down Economy (Hardcover)

This book offers advice on different strategies to make money even in tough times. I think that it could have more details explaining each strategy, but it offers a pretty good introduction. I really like the chapter on tax liens and tax deeds. The author did a really good job explaining the difference between them. Investing in tax liens means paying off a property owner's delinquent tax debt and collecting the interest he or she owes to the municipality. Investing in tax deeds is buying property outright from the municipality that has already foreclosed on the delinquent taxpayer.

One other strategy that I want to point out is Dividend Reinvestment Plans (DRIPs), which involves buying stocks straight from the companies and not paying any brokerage commissions. While the author's arguments are appealing, DRIPs are not as useful as they used to be because commissions have come down dramatically over the years (Scottrade is now $7 per trade).

Overall, this is a good book, and I recommend it to those who are looking to be introduced to different investment strategies.

- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market