Why does saving for retirement not work? Why are people with small mortgages at high risk? What is the highest and best use of money? Get the answers to these questions and more in THE WEALTH DECEPTION: 7 Personal Finance Myths BUSTED… and What to DoMoreWhy does saving for retirement not work?
Why are people with small mortgages at high risk? What is the highest and best use of money? Get the answers to these questions and more in THE WEALTH DECEPTION: 7 Personal Finance Myths BUSTED… and What to Do About Them.“Never before has anyone so clearly and concisely pointed out these seven personal finance myths (and one bonus myth) that has been holding people back unknowingly for generations.” (Raymond Aaron, New York Times Top-10 Bestselling Co-Author of “Chicken Soup for the Canadian Soul” and Author of “Double Your Income Doing What You Love”.)Except: Many people subscribe to the notion that “the rich are getting richer and the poor are getting poorer.” On the one hand, news articles about, and evidence of, people running out of money in retirement are not only commonplace, but seem to be increasing in frequency.
Take for example, the article published by Forbes in March of 2012 that talks about the growing reality of aging parents running out of money. According to a study conducted by Vanderbilt University between April 1993 to November 2002, lottery winners are twice more likely to claim bankruptcy than non-lottery winners.On the other hand, according to an article published by The Economist in January 2011, there were more millionaires in the world than the entire population of Australia at the time.
No doubt the disparity between those two numbers has grown since then. Between November 2008 and October 2014, the U.S. Federal Reserve added over $4.5 trillion U.S. dollars to the money supply. And, at the time of this writing, the S&P 500 stock index has been soaring at record levels for over two years since March 2013—a fact that has seen very little attention in the media.So, is the problem truly a lack of money or is the problem a lack of knowledge of how to generate and keep our fair share of money?
Roel Sarmago believes the problem sits squarely in our misguided beliefs in the seven personal finance myths contained within this book.###While the world’s economy may be on the precipice of a massive correction, your personal economy doesn’t have to follow the same fate. There will be victims and there will be victors.
The deciding factor will be whether or not you understand these critically important truths about your personal finances: • The Time is Money Myth • The Saving (and Savings) Myth • The Budgeting Myth • The Debt Myth • The Retirement Myth • The Net Worth Myth • The Home Equity Myth.If common financial problems exist because of common financial advice that most people try to follow, then the inverse must be true: Uncommon financial prosperity can only be achieved by following uncommon financial advice. The Wealth Deception is a straight-talk critique of the top 7 most commonly held beliefs of personal finance strategies.
Roel Sarmago tactfully and intelligently shines a light on how these myths have been blocking peoples way to wealth for generations, reveals their true nature and provides pragmatic alternative courses of action. It is a must-read for those seeking to gain more control over their time, how to spend it and who to spend it with.About the Author - Roel Sarmago, CFP - Investor, Speaker, Financial Coach:For nearly two decades, Roel Sarmagos passion has been to empower individuals with the right knowledge, tools and inspiration to take action towards achieving their financial dreams.
These passions are reflected in his role as Financial Success Coach. Roel is the premier Certified Financial Planner that specializes in creative real estate investing and coaching sophisticated investors how to safely use debt-as-leverage to achieve financial success.