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Lunch » Tags » Books » Reviews » Ivy League Wealth Secrets: That the Master Planners Don't Want You To Know! » User review

Anti-government rants aside, this is a good book about personal financial management

  • Mar 26, 2010
  • by
Rating:
+3
For most people, the best thing that they can do about improving their financial health is to simply spend some time performing a realistic and honest analysis of what they are doing. As Soltis so rightly points out, repeated many times over an extended period, even a $1-$2 savings can add up to a substantial amount. When considering whether to finance a major purchase or to pay cash, it is necessary to factor in what the money would earn if it were to be invested rather than spent. Unfortunately, Soltis frequently inserts his political viewpoints regarding the federal government and taxation. If you agree with his position, then you may not mind, but if you don't it is likely you will resent the tangential movement away from the financial advice.
On page 80, there is the sentence, "The biggest thief in the world is the Internal Revenue Service (IRS)." Later in the page there is the sentence, "Government in general is a parasite and lives off the productive taxpayers (hosts)." This is clearly a harsh and borderline extreme political view and adds nothing of value to the presentation of financial advice.
On the positive side, Soltis presents detailed examinations of many of the ways a person can manage their money through their life and death. Topics such as whole life insurance as an investment, reasonable and rational ways to manage debt, many of the factors that (positively and negatively) contribute to your credit score, many of the common ways financial institutions gouge their customers, how to save money in insurance costs, the long term benefits of investing the money spent on the daily $1 cup of coffee, and the value of simply writing out a daily, weekly and monthly budget. It is an overstatement to consider these items secrets, for all are well known, but that does not lesson their value.
In most cases, the soundest financial advice is quite simple, yet like most advice in this category, it needs to be repeated on a regular basis, as even the most determined person will tend to drift. That is the type of advice in this book; it is unfortunate that the anti-government rants were inserted, as they are a deflection from the focus.

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More Ivy League Wealth Secrets: Tha... reviews
review by . March 21, 2010
The author shows us how to keep more of what  we earn. The cost of a college education rises  5-6% per year. Public colleges provide a cheaper  alternative than private colleges. The next  biggest cash outflows are for home finance, retirement  savings and the payment of income taxes.    The most important thing we can do is to prepare  a budget to monitor the sources and uses of cash.  There are some very …
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Charles Ashbacher ()
Ranked #73
Charlie Ashbacher is a compulsive reader and writer about many subjects. His prime areas of expertise are in mathematics and computers where he has taught every course in the mathematics and computer … more
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BEHIND THE CURTAIN: A BEHIND THE SCENESLOOK AT THE SECRET SCIENCE OF MONEY

Build and Protect your Wealth by Creating an Environment for your Money. We live in one of the most educated countries in the world, yet we are largely fi nancially illiterate as a group. Few of us even balance our checkbooks or adhere to a monthly budget. Our top colleges and schools off er few courses on basic fi nancial life skills. What Types of health, auto and life insurance should we select? What is the right way to fi nance my home? Which debts should I pay off fi rst? How should I fi nance my car purchases? Not everyone gets into an Ivy League School…but anyone can benefi t from an Ivy League Education.Stop guessing and make confi dent money decisions. Imagine a life where money doesn’t cause you any worry, confusion or anxiety. Imagine a world where we all understand the science of money. A life where there is no fear surrounding money and personal fi nance. Imagine a life where you are in control of your money…and your money is not in control of you! It begins with creating an environment for your wealth to grow. This book off ers you a glimpse behind the curtain, at the secret science of money. The Rich Keep Getting Richer Now You Can Too! ...Learn How. Tired of market ups and downs? You’ll need to learn how to create an environment for your money, to build your wealth in any fi nancial market cycle. Learn how to avoid many common fi nancial pitfalls. Dispel fi ...
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Details

ISBN-10: 1432746502
ISBN-13: 978-1432746506
Author: Keith R. Soltis
Genre: Business & Investing
Publisher: Outskirts Press
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