Safe Money Millionaire: The Secret to Growing Wealthy Without Losing Your Money In the Wall Street Roller Coaster

I liked the book and the content is intriguing however there examples are too basic to determine if I want to apply it to my life or even if it is applicable.While I understand that it's difficult to do in a short book, it's an effective marketing tool for advisors.

This book makes a compelling argument for cash value life insurance versus stocks and mutual funds for long term investment. A good amount of data is presented to back up that argument. However it stops short of providing usable information for moving forward. I recognize that everyone might need a slightly different approach to buying life insurance, but there is for example no information on selecting an agent, no discussion of different policy aspects, no list of things to watch out for, etc. Instead the book is loaded with trademarked terms and referrals to the authors' website for more information. When you get there you are funneled to a form to sign up for a sales pitch from an agent. That makes this basically a $10 sales brochure for the authors. I guess they feel the same way because they essentially give the book away free on the website if you sign up for the pitch.Note in the book the authors reamed other financial gurus for doing the same thing, ie selling advice and profiting from it. Boo.Here's all you need to know: Cash value life insurance may be a great option for you if you want a more reliable investment albeit with a lower rate of return (that's because the insurance company takes a piece of the upside in good years and spares you some of the downside in bad, not to mention the fees). Google it to learn more, but insurance is a very complicated market so you'll still be left wondering, so call a few of the top rated insurance providers to compare and consider, ask a friend, etc. Good luck.Also note: This is one of the few Kindle books I have read that cannot be loaned.Also also note: I own both cash value and term life insurance policies (I'm worth more dead than alive, as they say) as well as stocks and other investments but I'm not affiliated with any investment business in any way.

After losing so much when the market "corrected" back in 2001 and 2008, I have had it.This book makes everything so clear and offers a much better path, if not for all, at least for some of your money. Wall Street asks you to fill out a "risk assessment" and let them know how much risk you can tolerate. They also ask you to believe that it's not a big deal when you lose money, just take a long term view.They cannot guarantee you will not lose any money. Why should you have to tolerate any risk at all? Also, how long do you have to wait to get back to EVEN! So, how safe is your money by believing what they say?The book also talks about some other useful ideas like the tax rate time bomb; what will your tax rate be when you retire? If you believe it will be lower, then no worries, if not, then you need to come up with some other options for your future retirement and this is one you should look into.I sleep better at night knowing I have implemented these strategies. Maybe you can too!!?

The book does a good job of pointing out the negatives of the market but doesn't mention any of the positives. Almost the whole book is dialog between the author and a prospective client, its annoying to read and comes off as a sales pitch. The book also leaves me very skeptical as they pitch all of the good attributes of cash life insurance plans, but mention none of the negatives. What happens if the life insurance company goes out of business or if they make bad investments? How much could your policy lose? The book would hold MUCH greater weight if it SEEMED if it were written by a a normal person than by someone trying to sell you life insurance. The text is littered with website URLs to buy insurance.When they finally get around to telling you return rates of your cash in their 'safe' life insurance plan, they explain an indexing scheme which only goes up with the S&P 500 (capped at 12% per year), but never down. Unfortunately the details are not fully explained in the book. I would have appreciated a more direct explanation of the cash life insurance plan, with positives and negatives explained, rather than the pitchy broker dialog the book uses.If you think the stock market is going to go sideways or down over the next decade (which I certainly do) you should also know the massive devaluing of the dollar in the last 20 years, and the huge downside in the future it has, as well as the impending imploding of treasury bonds. Both of the issues will be certain destruction for life insurance companies, even though your cash is safe in nominal terms, inflation will wipe it out, what does it matter if your policy increases at 12% year when inflation is devaluing it at 10% per year? When the treasury bond market collapses it will bankrupt many life insurance companies since they hold tons of bonds. None of these issues are discussed in this book.