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Most Helpful Customer Reviews
24 of 27 people found the following review helpful:
5.0 out of 5 stars
The most honest approach to financial planning I have ever seen!,
By Darryl R. Smith "planning simplified... when ... (Alliston ON Canada) - See all my reviews (REAL NAME)
This review is from: Leap: Lifetime Economic Acceleration Process (Hardcover)
I first encountered the Lifetime Economic Acceleration Process on the internet in 1999. As a financial advisor I found it difficult initially to really believe what the LEAP program was telling me.
After years of analysis I still cannot find any faults within the system. I soon realised that a lot of my professional education came from government supervised education programs (requirements necessary to be dually licensed in investments and insurance) and from the financial institutions who were manufacturing the products I was selling. Although the program is close to 30 years old, it is based on economics which always remain relevant. There are many variables that go into creating a financial plan; unfortunately they are essentially out of date once they are completed. It is impossible to advise a client on what choices to make in their financial plan using out dated information and trying to guess what challenges the future will hold. Mr. Castiglione's program creates a plan that will benefit the reader during times of economic prosperity and at the same time protect them against potential financial disasters they may face due to an unexpected job loss, ill health or accidents. Most financial plans are nothing more than elaborate predictions of what may happen based on a static set of variables. The LEAP process is fluid and can adapt to any situation today and as easily 20 or 30 years down the road. THIS IS THE BEST BOOK ON FINANCE YOU WILL EVER BUY! Darryl Smith RFC, CSA Synergy Life Financial www.synergylife.ca Barrie ON Canada
5 of 6 people found the following review helpful:
4.0 out of 5 stars
A wake up call,
By
This review is from: Leap: Lifetime Economic Acceleration Process (Hardcover)
You may need to set aside conventional wisdom and consider a new way of thinking in order to build a plan that succeeds. Using this book will help you become more knowledgeable and better equipped to grow and protect your money. The ideas here are clear and easy to understand, and are not exhaustive. Still, it would be wise to seek a good advisor to help structure your plan. There was one red flag: when he recognizes Keynes as a great economist.
Castiglione is quite a success story. LEAP (Lifetime Economic Acceleration Process) is designed around multiplying the effectiveness of your money and sheltering it from wealth erosion. He stresses, "Money is not math". He has given us an overview in all areas to complete our portfolio, such as insurance, investments, income, assets, estate, family, wealth destroyers, home, retirement and more. God bless Scott
5.0 out of 5 stars
The Only Way,
This review is from: Leap: Lifetime Economic Acceleration Process (Hardcover)
As someone in the financial industry and a licensed LEAP practitioner this is the only way to plan. To the person giving this book a 1 star you must've read it with a closed mind and out of context. The book was not intended to give solutions but make people aware of other options and why traditional financial planning has failed. If money was math and it was a science everyone would be rich. The fact of the matter is that money is a commodity that goes up and down making it dangerous to rely on just products. Strategy is the most import tool in financial planning not the product. Would you rather have Tiger Wood's swing or his clubs? His swing is the strategy while his club is the product. When setting up a financial plan wouldn't you want both working together? This is what LEAP teaches. We are educators of the financial industry and set up a road map for a financial plan that will succeed in a booming and struggling economic scenario. Too many have finacial plans that break down whenever times get rough...2001-Present. To answer the 1 star guy's questions about compounding interest. He was talking about compounding interest in a TAXABLE account. People do not realize that when you compound interest upon interest in a taxable account you are also creating a carrying cost that is known as taxes. The better you are doing the more taxes you are paying over time; ultimately, causing you to dip into the account to help pay for those growing taxes. Eroding factors are the reason that nobody truly gets through all 3 phases of the compounding interest curve (30 yrs). Once you reach into the account for whatever reason the curve is broken forever. Secondly, to answer his 401(k) question. We are not opposed to a company's 401(k) plan but we believe in set rules on how to participate. The qualified plan is 100% taxable with a govt lien attached to it. The govt makes the rules and you have to play by them. A common misconception is that it is a tax savings event which is a LIE, it is a tax delaying event and when you decide to take the money out at retirement you will most certainly be in a HIGHER tax bracket. We believe in liquidity, use, and control. By surrounding a financial plan around the economic and demographic shifts of this country you can maximize your earnings potential while eliminating a lot of the losses. Ask people that were planning on retiring after 2000 how they are doing. The answer is not very well and many of them that just bought products and hoped to live off of their 401(k) are broke or close to it. Finacial planning is the only thing in this world that has not shifted with the times. It is time for people to realize that chasing rates or returns and throwing their money "HOT" products does not work and that is the purpose of this book.
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