Book Review: The Employee Millionaire – Personal Workbook: How to Use Your Day Job to Become a Millionaire with Rental Properties by H J Chammas

The Employee Millionaire – Personal Workbook: How to Use Your Day Job to Become a Millionaire with Rental Properties by H J Chammas

There are so many books out there on “The Only One Way to Invest” that it will make your head spin. Almost all of the books we read on investing start out by telling you what is wrong with all other forms of investing and why theirs is the one and only way to invest your money to earn an income.

The Employee Millionaire – Personal Workbook: How to Use Your Day Job to Become a Millionaire with Rental Properties by H J Chammas is different. He does give a little comparison and contrast between investing in rental property and investing in stocks and bonds. In this case, he actually gives the pros and cons for both.

Nowhere in the book does Mr. Chammas tell his readers it is going to be easy. He does not tell you that checks will pour in while you sip on umbrella drinks.

This book tells you how to get started on a fairly moderate income and then roll it into owning and renting out multiple properties.

He takes his readers through the whole enchilada. He tells readers about the process of getting pre-approval for a loan and then finding properties and making an offer.

He even tells his readers what they need to take to the closing on a sale of property. He attempts to make this “white-knuckle” event much less stressful.

Readers are given links to online forms that help with the whole process from start to finish. He even takes his readers through getting their budget in line before they start.

We truly believe The Employee Millionaire is a must read for anyone attempting to find a way to add to their income in the least stressful way. This book will make a great gift for that would-be investor on your gift giving list. We give it all five stars.

We were sent a complimentary copy of this book. We are under no obligation to write any review, positive or negative.

We are disclosing this in accordance with the Federal Trade Commission’s 16 CFR, Part 255.

Notice: This post contains affiliate links. If you click a link and make a purchase, we may financially benefit from your transaction, at no additional cost to you. Thank you for your support.

PS Annie! is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.

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Book Review: Book Review: Master Your Business Cash Flow: Grow the Company You Love, Live the Life You Want Now by Albert J. Zdenek

Book Review: Master Your Business Cash Flow: Grow the Company You Love, Live the Life You Want Now by Albert J. Zdenek

Cash is king! Anyone who owns a business, or is learning about business, is taught that early in their education.

In his new book, Master Your Business Cash Flow: Grow the Company You Love, Live the Life You Want Now, Albert J. Zdenek gives business owners a few more tools for their toolbox.

It is unlikely that Zdenek and I will ever see eye to eye when it comes to debt. However, one must realize that his company is valued in the millions, whereas the company my wife Suzanne and I have has a net worth of negative 205.80. Yes, we managed to reach that level with a grand total of 34¢ in revenue.

All joking aside, Zdenek makes a very good case for using debt to finance your business. It does make sense to use other people’s money whenever you can to finance your business.

Having once worked as a collection agent, it is hard for me to understand that there are people who are backed up about asking people for the money they owe their company.

We give Master Your Business Cash Flow all five stars and a pumpkin spice latte. We think you will, too.

We were sent a complimentary copy of this book. We are under no obligation to write any review, positive or negative.

We are disclosing this in accordance with the Federal Trade Commission’s 16 CFR, Part 255.

Notice: This post contains affiliate links. If you click a link and make a purchase, we may financially benefit from your transaction, at no additional cost to you. Thank you for your support.

PS Annie! is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.

Book Review: Eat This Mr. President: How a Brazilian Immigrant Went From Truck Driver to Millionaire in 4 Years by Marcos Jacober

Eat This Mr. President: How a Brazilian Immigrant Went From Truck Driver to Millionaire in 4 Years by Marcos Jacober

What would you be willing to pay to learn how to make millions of dollars? Would it be worth it to you to spend less than $20 to learn many of the secrets one man used to make millions?

In his book Eat This Mr. President: How a Brazilian Immigrant Went From Truck Driver to Millionaire in 4 Years, Marcos Jacober reveals many of the strategies he used to make millions in real estate tax liens.

This book is a relaunch of his previous book The Secret to 24% Returns Guaranteed By Law!: How a Brazilian Immigrant Went From Truck Driver to Millionaire in Four Years.

Some may see this book as a glorified sales brochure that you pay for. It isn’t. Readers are provided with most of the information they need to get started investing in tax liens. There is also a free website which provides the reader with most of the rest that is needed to get started.

Any information this book does not provide must come from the individual county or tax district. The potential investor must do a little leg work that Mr. Jacober simply could not provide because it is determined on a county by county basis.

We give Eat This Mr. President: How a Brazilian Immigrant Went From Truck Driver to Millionaire in 4 Years by Marcos Jacober and the previous version, The Secret to 24% Returns Guaranteed By Law!: How a Brazilian Immigrant Went From Truck Driver to Millionaire in Four Years all five stars. It is entertaining and informative.

We were sent a complimentary copy of booth of these books. We are under no obligation to write any review, positive or negative.

We are disclosing this in accordance with the Federal Trade Commission’s 16 CFR, Part 255.

Notice: This post contains affiliate links. If you click a link and make a purchase, we may financially benefit from your transaction, at no additional cost to you. Thank you for your support.

PS Annie! is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.

Book Review: The Income Miracle: How to Use Life Insurance for a Safe and Tax Free Income Stream by Marc Aspen

The Income Miracle: How to Use Life Insurance for a Safe and Tax Free Income Stream by Marc Aspen

The booklet The Income Miracle: How to Use Life Insurance for a Safe and Tax Free Income Stream by Marc Aspen actually bills itself as an article. It is short, only 20 pages, including the appendix, but it contains loads of information.

One may ask, “Is a twenty page booklet really worth the cover price?” We would answer that by asking you, “If Warren Buffett offered to sell you a single sheet of paper that contained the secret of how he got wealthy, what would that be worth to you?”

The concept detailed in this book is not new, it just isn’t talked about a lot. We have reviewed two other books regarding the same subject in the last few months. This is not new. Many financial gurus will tell you that this method does not work. They advise you to buy term life insurance and invest in stocks and bonds. I believe these gurus are wrong.

If I had known about this back several years ago, I would be much better off today. If I had listened to my father, who had actually sold insurance years ago, I would have had this type of plan.

Aspen does not tell you that this way is the ONLY investment you need, like so many other investment books we have read, and there have been hundreds. He does suggest that this is a part of your investment plan.

Even though this article is short, it might just be the best investment you have made in a while. It might lead you to ask more questions of your insurance agent. It might lead you to better understand your financial future. We give The Income Miracle all five stars.

We were sent a complimentary copy of this book. We are under no obligation to write any review, positive or negative.

We are disclosing this in accordance with the Federal Trade Commission’s 16 CFR, Part 255.

Notice: This post contains affiliate links. If you click a link and make a purchase, we may financially benefit from your transaction, at no additional cost to you. Thank you for your support.

Book Review: Security Analysis, Sixth Edition by Benjamin Graham and David Dodd

Security Analysis, Sixth Edition by Benjamin Graham and David Dodd

In the forward to this edition of Security Analysis, Warren Buffett tells us that he has four books in his library that he treasures most. Two of those books are first editions: The Wealth of Nations and The Intelligent Investor. The other two books are both Security Analysis. One of those books was owned by Dodd and has notes throughout it to be included in the second edition of the book.

This particular edition is great in that it has the text of the second edition, but it also has the first edition on the accompanying CD. There are extensive notes on the CD.

Security Analysis is long, but it is not a dry, boring book. It is very informative and easy to read. The only problem I see with it is the inconsistency of the layout of tables. Some tables go from early years to later years and others run in reverse order. This means in order to digest the material, you first must take a look at the years column to see if things are improving or getting worse as the years go by.

This edition has a copyright of 2009, but it says practically nothing about the 2007-2008 situation. It would be great if the next edition also covered those years and if the editors would include a few color charts and graphs. It would also be great if all the articles referenced in the footnotes were included on the accompanying CD.

The authors speak of the Efficient Market Theory and that, if it is correct, all information is already included in the price of the security. This could only be true if humans were not a part of the equation. As long as we have humans, we will have people who believe in one idea and most others will follow in their footsteps.

Since the Market is a voting machine, there will always be the opportunity to find a security that is not trading at its true value. Most investors trade with the crowd. As long as that is the case, those who actually analyze securities will be able to find value stocks.

Our library obtained this copy of Security Analysis from another library. I was the first ever to check this particular copy out. It has been sitting on their shelf nine years and never been opened. It is a pity that such valuable wisdom is sitting on a shelf and has never been read. You should be the one in your group to buck the trend and obtain this valuable information.

Most in the financial world have not read this book. You will have a secret source of insight into Mr. Market once you read this.

We have to give this edition all five stars. Although it was written in 1940, it is just as useful today as it was many years ago.

We checked a copy of this book out from the Wharton County Texas Library through their Interlibrary loan service. We are under no obligation to write any review, positive or negative.

We are disclosing this in accordance with the Federal Trade Commission’s 16 CFR, Part 255.

Notice: This post contains affiliate links. If you click a link and make a purchase, we may financially benefit from your transaction, at no additional cost to you. Thank you for your support.

Book Review: Buffett Beyond Value: Why Warren Buffett Looks to Growth and Management When Investing by Prem C. Jain

Buffett Beyond Value: Why Warren Buffett Looks to Growth and Management When Investing by Prem C. Jain

By now anyone who has read our reviews knows we read a great deal about Warren Buffett’s investing style.

Buffett Beyond Value: Why Warren Buffett Looks to Growth and Management When Investing by Prem C. Jain helps would-be investors to learn a little more about how the Oracle of Omaha approaches investing.

Jain writes in an easy-to-understand style with many analogies to back up what he is trying to teach his readers.

We would love to read a book on investing written by Buffett. Unfortunately, he has yet to write one. The next best thing is to read books written by people who have studied his ways and have tried to imitate his investments.

We would love to know how Buffett makes money if he buys stocks to hold forever, but doesn’t look for stocks that pay a dividend.

The more we read about Buffett, the more we want to know. Buffett Beyond Value helps answer some of our many questions. We give it all five stars.

We borrowed a copy of this book from the Wharton County, Texas Library. We are under no obligation to write any review, positive or negative.

We are disclosing this in accordance with the Federal Trade Commission’s 16 CFR, Part 255.

Notice: This post contains affiliate links. If you click a link and make a purchase, we may financially benefit from your transaction, at no additional cost to you. Thank you for your support.

Book Review: Gulag 401(k): Tales of a Modern Prisoner by Richard A. Marin

Gulag 401(k): Tales of a Modern Prisoner by Richard A. Marin

The category listed on the back of Gulag 401(k): Tales of a Modern Prisoner by Richard A. Marin is fiction. I am not at all sure that is correct.

The back of the book states “In this book, the author recalls his career and explores how to afford retirement…” I am not sure all of that is entirely accurate either.

Readers really aren’t given any significant investing for retirement information. However, readers are treated to an inside look at the life of the author. This look does not appear to be fiction. Who could make this stuff up?

We live in a completely different world from the author. Marin does not see a $35 parking ticket as a significant expense, whereas we will drive out of our way to keep from having to pay a $1 toll on the toll road in Houston. For us, $35 is 3% of our monthly income.

We really would love to read more of Marin’s writing, especially a little more detailed look inside Bear Stearns and Bankers Trust.

We give Gulag 401(k): Tales of a Modern Prisoner all five stars. It is an extremely well-written story that takes us through the author’s very interesting career. We follow Marin from his first day at work on his first job at Bankers Trust to his time as a teacher at a university, all the way through to his planned retirement.

One can learn a lot about the financial world. Marin does a better job at describing the financial meltdown at Bear Stearns than many of the books we have read that were written to specifically address that particular era in American history.

We would love to read a book that was a compilation of this author’s in-the-trenches stories of big business and big finance.

Yes, the back of this book is a little misleading. However, readers will not be disappointed. Readers will be entertained and they just might learn a little bit about preparing for retirement through the eyes of someone who has blazed a trail ahead of us. You should order your copy of Gulag 401(k): Tales of a Modern Prisoner by Richard A. Marin today. Maybe give one to a friend.

We were sent a complimentary copy of this book. We are under no obligation to write any review, positive or negative.

We are disclosing this in accordance with the Federal Trade Commission’s 16 CFR, Part 255.

Notice: This post contains affiliate links. If you click a link and make a purchase, we may financially benefit from your transaction, at no additional cost to you. Thank you for your support.