Everybody Wants Your Money
Boy, does that title ring true! I also noticed on the cover of this book the wording, “Because that hand in your pocket… isn’t yours!” You and I know that everybody wants your money in one form or another. However, I discovered some new ways while reading this book that I just finished. It is Written by David W. Latko, who is the co-host for the national radio program, “Money and More”. Impressively, David Latko ranks among the nation’s top one percent of financial advisors. I can just imagine how ‘in demand’ he is. He started off in a middle class neighborhood and moved his way up by helping people.
Where do you usually turn for answers with questions regarding investing, real estate, divorce, automobiles, identity theft, and so much more? If you say your family, friends, neighbors, or your own financial advisor, then you REALLY need to read this book to make sure you are steered on the right path. Looks can be deceiving. Do your homework, starting with this book, because it is YOUR money and YOUR financial future you are looking out for. No one else has such a vested interest in your finances as you need to, except for the slime balls mentioned in this book that you have to watch out for who want your money.
David not only presents practical advice in this book. He also shares memorable stories that yank on the heartstrings and gets your blood boiling. Think you are safe from your own family members who are to inherit your money? Think again and take a look at the story examples in this book. If nothing else, you will at least be aware and prepared just in case.
This book would make great gifts for everyone in your life. What better gift can you give them than to make sure they don’t make wrong financial decisions that can destroy their future? I’m going to be buying and giving this book to some of my own family and friends as gifts. I am keeping mine to refer to and share with my children when needed. This book is definitely worth it!
… Story example: Willa and Tony, a retired couple who had a horrific experience with their first financial advisor. They came into some money. They had no idea what to do to invest or what to do.
So they solicited some advice from other retired friends. One of them had received a postcard in the mail a week before, and he passed it along to Tony and Willa. It gave the name and number of a financial advisor who worked in a branch office of a major brokerage which they knew of from hearing about it on TV.
In short order, their new advisor “handled” their prosperity problem. He put them into a range of investments that Willa and Tony did not clearly understand. Then, after a month or so of frenetic activity, he stopped calling–or returning their calls.
With their frustration mounting, they mentioned their problem to a person who happened to be a client of Davids. Turns out the other advisor had locked Willa and Tony into investments that carried staggeringly large up-front commissions; others carried long-term (and expensive) surrender charges.
There was little that could be done. The couple were tied into investments that could not be changed without taking a significant financial hit, in the case of Willa and Tony, it was more than a $26,000 loss.
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Comments: 1.
Sounds like a very good and sensible book!
Comment by Barbara (Xerraire) — 8/20/2006 @ 4:49 pm
I get intrigued and inspired by certain people and want to get to know them better. This was the case with Brett Pemberton, especially after hearing his music and falling in love with a few of his songs. I was fascinated by his accomplishment of creating his first CD by writing his own music, singing his own songs, and playing all of the instruments. At the age of 20, he was a one-man band. We talked at length on the phone and then I interviewed him so that I could share some insight into his life with you… - Read here