Customer Reviews

More Wealth Without Risk

5 star:		(81)
4 star:		(6)
3 star:		(3)
2 star:		(1)
1 star:		(6)

 

 

Givens shows how to turn Financial waste into cash flow which can be usedfor investing and enjoying a better lifestyle simultanously. Using the "pay with credit cards instead of cash" for float time while keepingcash in money market mutuals paid formost of my IRA the first time I usedit. I cancelled a old (w) hole life insurance since I was adequately covered at work. With the savings Istarted a variable annuity, which now thanks to the "money movement strategy" is worth more than the facevalue of the old (w) hole life policy.By using "shop around strategy" I wasable to cut an additional $100 off myalready drastically reduced auto insur-ance. This book gave me the motivation & the direction to make a180-degree financial turn-around. I'veread the rest, this is the best (otherthan Financial Self Defense). Givens teaches to take control.

I learned more from reading More Wealth without Risk in one evening than I had from several semesters of college finance classes including the training I recieved in preparing for my insurance and security licenses. I have also read the other books on the market on personal finance. None even come close with practicial advice and rapid results. This is the BEST! For a while, I worked for a well known nationwide company selling insurance, securities and other fiancial products. The company I worked for taught us to push single premium life insurance, (w) HOLE Life and loaded mutual funds. All of which return big commissions to the broker, but little rewards to the consumer. In my opinion, they are virtually worthless. After reading More Wealth without Risk, I cleaned out my own financial closet. I raised the deductible and dropped duplicate coverage on our auto insurance, requested replacement insurance on our homeowners policy and began to implement tax strategies that even my tax accountant was not aware of. I also stopped the autmatic withdrawal from our bank to buy shares of 100% loaded mutual funds and set up a new accout with a no-load fund. In one day, I had saved my family over $200/month. I have since read the book cover to coverseveral times. The information is all so very simple. and so basic. I really feel that these strategies are not being taught in every high school and college in America. Armed with my new knowledge, I could not in good conscience, recommend to my clients the limited and in many cases, worthless options offered by my company. So I decided not to renew my licenses. One of the biggest rewards for me is to achieve my lifelong dream of owning my own business. This from the money that I have saved and the strategies that I have learned from More Wealth without Risk.

Thanks to the strategies in MORE WEALTH WITHOUT RISK, I've reduced my auto insurance on three cars by more than $1,600 per year! I got more applicable and usable financial information from this book than I did from a 2 year CFP course. I recommend More Wealth Without Risk to all of my clients. Without a doubt, it is the best book out there in the area of personal finance. This book will help you reach your financial dreams in record breaking time!

Prior to reading "More Wealth Without Risk" and applying the Givens Power Strategies, I was like a gerbel in a cage! Earning money was the easy part. hanging on to what to what I made and keeping ahead of taxes and inflation was the hard part. I found that the more money that I had coming in the front door, the faster it went out the back door!

After reading More Wealth Without Risk, we found that it was very easy to stack strategies i.e. use the personal finance and tax reducing strategies and increase our contrbutions to our company 401(k) thereby reducing our AGI and being eligible for deductible IRA'S. Taking the savings from auto insurance and putting the profits into our insurance companies annuity and seeing our insurance premiums go even LOWER! Have our children help us in our family business and pay "tax deductible" salaries instead of "non deductible" allowances. Use our automobile in our business and go from a z! ero allowance to a 80% tax deduction, this includes service and maintenance costs. Take "tax deductible" business trips instead of non deductible vacations and more.

With our business, we've also set up a SEP IRA for my wife and I and we are contributing the maximum and also have IRA's set up for our children directly from salaries from helping us and of course we take a tax deduction.

We also fired our financial planner. In 1994 he put us in bad loaded stocks which dropped a lot as did the overall market that year. Then he put us in bonds at the absolute worst time and we missed out on part of the bull market in 1995. Now, all of our investments are in NO-LOAD MUTUALS only and we are our own Financial Planners! We are using the Givens Money Movement Strategy as our guide and estimate that we are on track to have a retirement income well in excess of six figures just from our investments.

If I had to choose the single most important strategy, it wo! uld be "The Dreams List" Strategy. This is what ! got us to take action and make everything possible. The Dreams List also kept us motivated during many difficult times and kept us on track with the energy to continue. Our children already have dreams of building super successful businesses and have a lot of experience from watching us.

This book should be renamed SUPERWEALTH WITHOUT RISK because for us, it has helped us reach financial goals that we consider SUPER and wouldn't have achieved without the Givens Strategies.

More Wealth Without Risk is an AWESOME WORK! This book will take you from where ever you are right now to wherever you want to be. Remember this point; the book will give you knowledge. The application of that knowledge will make you rich.

Nobody is better at teaching "money strategies" than Givens. This book is an easy read. The first day I got it, I browsed through all the chapters, put post it notes in various sections that applied to me and then went on to apply everything I could. Result? I went on to save or make over $15,000, right away!

Prior to reading More Wealth without Risk, I tried investing on a couple of occasions in individual stocks and loaded mutual funds and lost a lot of money. Following the advice in More Wealth Without Risk, I am now investing only in no-load funds and specifically the ones Mr. Givens recommends in the Mutual Funds Section of the book. I've been averaging 15% per year by using the money movement strategy. !

I also used Mr Givens Margin Investment technique with mutual funds, borrowing money from my brokerage account and buying no-load mutuals after they pay out big dividends (usually December) and have never failed to earn 30%-40% after margin interest is subtracted.

I'm using a money market mutual fund as a replacement for both my checking acount and savings and am earning 5%-6% or about double what the bank was paying and cashed in my cd's making 4% put that into mutuals as already mentioned for 3 times more earnings!

I used the "make extra principal payments" strategy and immediately cut five months of mortgage payments off my loan. Right now I'm on target to pay off a 30 yr mortgage in about 12 years or less!

The W-4 strategies gave me a immediate tax free raise of $290 PER MONTH. We were able to reduce our automobile insurance on our three vehicles by $960. Savings on universal life insurance policies was over $7,000 for all of us. Medcal Insuranc! e savings was $145 per month. Rip off insurances like credi! t life, extended warranty, mortgage life and charge guard saved us about $1,000.

Givens Dream List and emphasizing setting goals has changed my entire families outlook on life. We all have dream lists and discuss them openly in our 'FAMILY STRATEGY SESSIONS" When one of our families members reaches a goal, we all jointly celebrate and do something special.

I also want to mention two other books that have helped our family; "AWAKEN THE GIANT" by Tony Robbins and "ARE YOU THE ONE FOR ME" by Barbara DeAngelis. A third book of course would be "FINANCIAL SELF DEFENSE" also by Charles Givens and a excellent companion to "MORE WEALTH WTHOUT RISK"

First, I used the shop around strategy on my car insurance and saved 30% justby changing companies. Then I raised my deductible to $500 and then revisedmy coverages to exclude uninsured motorists and medical, my premiums were reduced to $785 from a high of $1525 on two Lincoln Towncars. Then I cancelled the extended warranty on our VHS camcorder which my wife naively agreed to and saved another $275. Two strategies that put nearly $1,000 in our pockets. Definitely paid for the price of the book plus. Great book.

I am very happy to see that Amazon is offering the great books by the great CHARLES J. GIVENS. In fact, one of the reasons I searched Amazon was to see if they were offering other programs by Mr Givens.

My introduction to Givens was back in 1988 at a lecture he did at the WOODLANDS IN Wilkes Barre, PA. I subsequently bought his first book "WEALTH WITHOUT RISK" After the Bible, I feel that Wealth without Risk is the most significant book that I have ever read!

That book gave me the confidence to challenge financial decisions that I had heretofore been leaving up to 'THE PRO'S" My ignorance was their bliss.

My first order of business was to substantially revamp my auto insurance. Raising the deductible to $1,000 from $50 that my agent suggested for me. I also dropped towing and all of the duplicate things. My agent wasn't very happy and did everything she could to discourage me. At that time in PA we were also required to have PIP. I be! lieve that I was one of the few people that knew that you could raise your deductible on PIP and thereby reduce premiums even lower. Now thank GOD, PIP is not required at all in our state. Which brings me to the question; 'if this PIP was so great and so necessary, what did our state drop it and why did our agents try to psh it down our throats?"

I also went on to raise my deductible's on my homeowners insurance and health insurance plan at work.I raised my health insurance deductible to $1,000. This reduced my premiums to zero. I cashed out the cash value life insurance policies (all four on myself, my spouse and our children) replacing my life insurance with a Term policy. I also bought drastically reduced term life policies for my spouse, and children (just to cover funeral expences). I also got rid of the mortgage life insurance on our mortgage loan, credit life on our car loans and cancelled extended warranty on tools and a vcr that we bought.

I had som! e fee based mutual funds that were sold to me by "ONE! OF THE PRO'S". I transferred those funds to a No-Load Fund recommended in WEALTH WITHOUT RISK saving 6% in commissions and actually getting better returns doing it myself using 'THE MONEY MOVEMENT STRATEGY"as advised in WEALTH WITHOUT RISK.

Possibly, the most satisfaction was getting my tax situation under control. After reading through the tax section, I am now in control! I know exactly what to do. I was one of those millions of Americans who loaned their money to the government interest free and thought it was great to get a refund each year. Now that money is working for me! The savings has helped me to pay off a 30 yr home mortgage in 12 years. Go from 4% contributions to 15% in my employers 401(k) plan, set up a college education fund for our children, amass a net worth that would have previously taken m entire life to create, drive newer model cars at less cost than our old "clunkers" have better protection at less cost and are contr! olling our own destiny instead of being controlled by others.

Wealth without Risk was a Godsend for us. We went on to buy Mr Givens other books; Financial Selfdefense, More Wealth without Risk (The updated version of Wealth with Risk) and SuperSelf.

I would like someday to meet Mr Givens, to shake his hand and thank him for the role he has played in upgrading my and my families financial lives to a level that we never could have dreamed of or achieved without his help. Thank You MR GIVENS!

Brokers, Life, Auto Insurance Sales People, Loan Officers at your Bank and Financial Planners and Advisors will pray that you don't read this book. Forgood reason: these strategies reduce their commissions.Those of us who read and applied the principles in 'More Wealth Without Risk"have experienced the tremendous savingsthat the strategies produce. We have also seen the resentment from the establishment. My auto insurance agent wasn't tickled pink when I indicated that I found a great way to reduce mypremiums by 60%! My life insurance agentdidn't share in my joy when I bought a$100,000 term policy for the same price as my $15,000 whole life. And my Financial Planner wasn't very happy whenI told him that I found no-load mutualsthat produced better returns than his loaded suggestions.Same thing happens when you take out a loan and decline credit life or buy any appliance or item and decline extended warranty. Ditto for charge guard on your credit cards and mortgage life on your morgage. My bank loan officer wasn't too excited when I requested a amortization statement to replace my "payment book"and indicated that I would be making extra principal payments.Thank you Mr Givens for sharing these incredible money strategies.

This book was the first step to a better life. What did I learn from More Wealth without Risk? First, I LEARNED TO TAKE CONTROL. Nobody will watch over your money as well as you will. No more letting auto insurance agents design my auto policy for me. No more letting insurance agents sucker me in to buying the wrong kind of insurance or even insurance that I don't want or need. No more letting Financial Advisors and planners sell me securities with high fees and offer small returns. No more getting ripped off by banks and other institutions who have been using my ignorance for their bliss. By using the technques in this book, I saved over $13,782.28 immediately! Givens strategies work. Use them and prosper with them. Good luck and Godspeed.

I believe that this is the best book
ever writtn on personal finance! From setting goals and having dreams
to insurance reduction, tax reduction, cutting credit card, loan
and debts, powerful investing. My personal testimony is that for the first time in years I am living! The
GIVENS STRATEGIES have inceased my
cash flow by more than $1,000 PER
MONTH! Thats money I was previously
wasting. On the same income I am living better, sending less, investing more and have a better
lifestyle. I went from a renter to an owner, from an old beat up car to
a newer better vehicle. I am in a 0
tax bracket. Givens investment strategies were a godsend. I had lost a ton of money by listening to
brokers and other self-styled experts. I am now averaging well over 20% PER YEAR in safe, no-load
mutual funds and discoounted mortgages. I am also earning good income on tax lien certificates----
18% per year and own several residential propertes. Most of my investment money has come by changing the way I spend money and for that I thank CHARLES GIVENS. I
have seen the other books, nothing
compares. MORE WEALTH WITHOUT RISK
and FINANCIAL SELF DEFENSE should,
no, must be read by anyone serious
about their financial future.