Real Wealth Without Risk: Escape the Artificial Wealth Trap in 48 Hours...or Less!

by J.J. Childers

Book Overview

Your Fool-Proof Plan for Risk-Free Riches.The ""Artificial Wealth Trap"" has taken countless people captive. In this extraordinary new book, attorney and personal financial strategist J.J. Childers teaches anyone, no matter what your current financial situation, how to give yourself a ""Financial Facelift"" in 48 hours or less by following his Wealth E.S.C.A.P.E. Plan. In this book you will learn how to make the great E.S.C.A.P.E. by learning dozens...

• Format: Hardcover
• Language: English
• ISBN: 1600374697
• ISBN13: 9781600374692
• Release Date: September 2008
• Publisher: Morgan James Publishing
• Length: 400 Pages
• Weight: 1.50 lbs.
• Dimensions: 1.2" x 6.4" x 9.5"

Customer Reviews

Real Wealth without Risk by J J Childers

After completeing about 1/4 of the book, I am impressed by the thoroughness that the author has covered the subject. I am anxious to read more.

Common sense information that I can USE!

Due to JJ's sage financial advice, I have been implementing some of these very strategies since earlier this year. Already, I have paid off thousands on my home mortgage, improved my credit rating, and gotten control of my credit card and loan situation. The strategies he includes are simple to follow and really get results. At first, the strategies seemed too simple to really work, but I saw real results within a few days, and AMAZING results within about 30 days. My husband was VERY skeptical. But when our credit card bills began dwindling, and our credit rating improved, he was convinced. Then last month when I showed him our mortgage payoff balance, he was floored. We have reduced our mortgage more in the past 6 months than in the two years prior, WITH LESS FINANCIAL STRAIN on our budget. It is empowering knowing that you have the money in hand in case of emergencies. It even makes us a little smug knowing that if we really wanted that new car, or that big screen TV, we COULD buy it, but we are seeing the big picture now, not the big screen! EVERYONE should read this book! It absolutely WILL have strategies that you can use to get a handle on your finances, no matter how mild or dire your current situation. JJ's common sense approach will teach you how to build real wealth, not artificial wealth based on credit or financing. Get this book and implement the strategies, as soon as possible! Your finances won't fix themselves, YOU have to do it, and JJ's book will give you the tools you need to make your much needed repairs!

One of the best books on wealth I've read!

Real Wealth Without Risk provides 317 strategies on wealth using the E.S.C.A.P.E plan: E = Envision S = Strategize C = Create A = Accumulate P = Preserve E = Execute J.J. Childers notes in the Epilogue to the book that the greatest lesson in life he's learned is that we do indeed become what we think about. In this book, he gives the reader a lot to think about relative to financial freedom. With financial freedom comes personal freedom, which gives us the chance to spend our lives on what matters to us, like family, friends and giving back. One of the most powerful things I read in the book was in the chapter on retirement power planning. He credits Warren Buffet with a lesson he learned on the concepts of compounding and tax-free growth. Most of us are already familiar with both, but he gave an example that blew me away. He said if you have $1.00 and double it just 20 times without taxes, you'll have $1,048,576. However, throw in a 30% tax rate applied to the growth each time you double and doubling 20 times leaves you with just $40,642! At first, I didn't think that second part could be right, but I set up an Excel spreadsheet and ran the numbers and he's absolutely right! If that doesn't make you want to max out your 401(k) and/or IRA, I don't know what does! There are a lot of other great strategies in the book, too. To give you a few examples, there's: --ENVISION Section - Strategy 13: Make a conscious effort to recognize negativity and do what it takes to move yourself away from it. --STRATEGIZE Section - Strategy 26: Set goals for eliminating any negative spending habits. --CREATE Section - Strategy 144: Know the four kinds of profit in real estate. --ACCUMULATE Section - Strategy 217: Use the IRA rollover rules to minimize the taxes on your employer's retirement plan lump sum distribution. --PRESERVE Section - Strategy 230: Create an estate plan regardless of your total net worth. --EXECUTE Section - Strategy 316: Avoid the trap of trying to do too many things at once by keeping it simple. After naming each strategy, he notes why it's important and provides guidance on how to use the strategy. This is a very well written book on wealth and as he says, "If you will do the things that most people won't do, you will be able to do the things that most people can't do." Following his strategies can help you do the things most people can't do.

A bible for today's troubling financial times...

I just finished this new book by J.J. Childers and I was not disappointed!. Right now all you hear is bad financial news, and I've been worried about how I should handle my personal finances. I read the Asset Protection book Childers wrote for Trump University, and I wanted to see how he would handle the topic of wealth creation. He takes an interesting approach -- pointing out how Americans have used credit to create what he calls "Artificial Wealth" (and that's the cause of the crisis on Wall Street, isn't it?). Fortunately, Childers also includes over 300 strategies for building wealth and keeping it safe from harm. (Here's an example: I opened the book up randomly and on page 133 I found Strategy #76: Stop taking your savings out to dinner. It's all useful stuff!) Risk is what we're all facing right now, and JJ Childers has the experience to help you reduce risk with your own money. You won't go wrong if you follow the advice in this book!