Customer Reviews

Learning to Avoid Unintended Consequences

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1 star:		(1)

 

 

I am not the type of person that likes to leave reviews, although I usually use them to help me decide on a book, but I had to leave one about Mr. Renier's book. If you are looking to educate yourself about creating wealth for yourself, then this is the book for you. Leonard does a pretty compelling job of taking what "WE" have come to believe is truth or fact and totally give us a new way of seeing those truths or facts. I wish I would have known about some of these principles before I bought my 1st home. This book has challenged me to ask myself some questions that I should have asked myself a while ago such as:

* In my tax deferred retirement plan, what tax rate will I be taxed at when I retire? Will it be higher than what I am being taxed at now? If so, what will that do to my balance and overall ability to retire?

* Is there a better way to prepare for retirement?

* With these "so-called" tax savings that I supposedly see every year that I visit my accountant, where are these actually savings dollars going? Can I reinvest or reallocate these funds so that "MY" tax savings can actually work for me?

* Hmmm why was I taught that paying off your mortgage sooner than later is the best route to take in life? If I do that what happens to the tax benefits from paying on the interest of the mortgage?

* Speaking of my mortgage, if my house is an investment, and my investment has grown in the form of equity, then why am I not seeing a return on that growth?

* Why didn't my bank, accountant, broker, or mortgage company tell me that it is really possible to create my own bank using the equity in my home?

Those are just some of the questions that I had to ask myself from reading this book. If you are really looking for the knowledge on how to create wealth, and you are really committed to making the necessary changes to create, and keep the wealth then this book is a great place to start. I know for me, it has caused me to ask questions, and with asking questions comes the realization that there is much more for me to learn that mommy, daddy, and school didn't teach me.

I have been asking the question for years, "if financial planning is working in Amewrica, then why are so many people broke?" Your book answers that question quite clearly. It also explains why things will only get worse if changes are not make in the planning process. I am giving this book to all of my clients and prospective clients and I have had nothing but very positive feedback from all who have read it. Americans need good sound financial advice and you have done just that in your book!

Take control of your money. Reneir tells us "this book is intended to help you understand The Thought Process, identify The Transfers, and recognize The Creators of the Transfers". And, "the concepts that will be discussed are simple yet effective methods of reducing and/or eliminating financial transfers of your wealth.....". He also says "the goal of this book is to create a defining moment in the way you think about money".

Even though a good deal of the information found here is repeated from his previous book, "Sudden Impact", this easy to read book is still highly recommended. There is an enormous amount of misinformation out there. Reneir will help us weed through the confusion: between myth and reality, and opinion and fact; he will change the way you think about money, and help you know how to use your money to avoid unnecessary transfers of your wealth. He shows tremendous vision, but did he expect what is happening today; and with more and more tax burdens put upon us, is it even possible to accomplish these things in a false economy, manipulated by the banks, the federal reserve, government and personal debt, government intrusion, and stifling taxes.

You will learn to leverage your money and make it work for you, and recognize the ten major things that transfer our wealth. It is still wise to seek a good, no-fee advisor. We have surely made life much too complicated, haven't we?

God bless
Scott

Excellent read! If you are interested in learning about how your money
really works this is for you. The Author does a tremendous job at breaking down cash flow, transfers of wealth and protecting your wealth in a simple matter. The "Buy Term and invest the difference" strategy that is being taught in society has not worked for the consumer in 40 yrs
and this book explains it all.

Thank you Mr. Renier for sharing with us. "Be your own bank", although simple this is a profound statement that most do not realize.
With the cost of living rising and salaries not staying in sync, most are finding themselves further in debt.
With a common sense approach, Mr. Reiner has given us a starting point for building wealth.

The contents of this book are extremely profound! If everyone in the country read it, we wouldn't have the fiscal problems that we have. If you care for someone, then insist that they read this. They're views on finances will be enlightned! Great read!

Too bad everyone won't read, analyze, and believe what is written here. Most people just take their bank, tax preparer, or "other people"s word for it. If they read this, and take time to validate the materials, and disipline themselves to the principles, they will profit greatly from it.

The book was very interesting. The schools do not teach people about money and we learn through what we read and our failures. This book can help a lot of people.

Nicely written. Although I apply a slightly different mortgage strategy the wealth building theory of this book is solid. Of course, this author, along with others who suggest "alternative" financial planning ideas will be denigrated by the mainstream folks who ascribe to the typical financial advice. So be it. One only has to look at the results of the save, pay down your mortgage, invest in tax-deferred wrappers to see the folly of this two-generation old advice.

This book is directed at personal finances and not, as I had hoped, to more general concerns. It does not resonate at all with previous writing in sociology, systems theory, and complex analysis, as I had hoped and expected.