Build Wealth & Spend It All: Live the Life You Earned - Hardcover

Riggs, Stanley Arthur

Hardcover

ISBN 10: 0991521501 ISBN 13: 9780991521500

Publisher: Monetary Publishing LLC, 2014

Synopsis

You can build wealth. You need to protect your retirement savings from future nationalization, taxation and redistribution. You deserve to spend everything you have earned and saved before you die. 

 

This is not a novel to numb the pain in your life for just a couple of hours. It is a tool box with the tools you can use to fix your life...forever. 

 

Dr. Riggs has been building wealth for over fifty years through several very different and very successful careers, each of which made him a multimillionaire. In this book he explains the three basic and easy to understand financial concepts anyone can use to both build and protect their wealth. But it was only during this past year, while he was visiting his 96 yr. old mother in a nursing home, he gained insight into what awaits most of our retirement savings.

 

The money his mother had earned as a public school teacher and had frugally saved for over 50 years was rapidly being drained away as she dozed off in her chair. They were taking it simply because she still had it; while other residents who had already enjoyed spending their money, were now getting a free ride.

 

He had helped his mother to save and invest when he should have encouraged her to spend. He had failed his own mother by not encouraging her to spend all she had earned and saved, while she was still able to enjoy it. But he was determined not to fail himself.

 

He needed a plan...a logical plan to enjoy strategically spending or gifting it all away over a predetermined period of time; before the private IRA, 401(k) and Roth retirement accounts are nationalized and redistributed. He needed a plan to spend it all and die broke - insolvent, but not illiquid or destitute. 

  

Surprisingly, his plan for building his wealth was simpler and came more naturally to him than his plan for spending it all. 

 

In this book he explains the three basic and easy-to-understand financial concepts anyone can use to help build their own wealth:

 

(1) Understand the difference between true assets and actual liabilities. 

(2) Always know where you are in the economic cycle. 

(3) Understand the implications of the coming demographic changes. 

 

Your grave stone will have two dates separated by a hyphen. You have no control over the dates but you do have control over the hyphen ... that's your life. Let this book show you how to make the most of that hyphen.

About this title

About the Author

DR. RIGGS received his Bachelor of Science degree from the University of New Hampshire, his MD degree from Dartmouth Medical School, and completed his orthopedic surgery residency at the Mayo Clinic in Rochester, MN.
 
While establishing and managing his private practice in Florida, he developed and managed his own commercial real estate portfolio. With his self-taught knowledge of real assets versus liabilities, economic cycles and demographics, he was able to build successful careers in the residential, commercial, industrial and resort asset classes by staying ahead of the national economic trends. Dr. Riggs resides in Sarasota, FL.

 

Find out more at: buildwealthandspenditall.com

From the Back Cover

In two days, tomorrow will be yesterday.

So today...start to build wealth and to protect your retirement savings, and plan to strategically and responsibly spend it or gift it all away before you die.

By reading this book you will learn:
· Why you should want to be "wealthy" - not "rich"
· The keys to building wealth: passive income and "other people's time"
· Which financial products and investment strategies are most reliable
· Why your retirement savings are at risk of being redistributed
· Why you should spend or gift your wealth before you die

The best revenge in old age is having a life well-lived.

Don't depend on your IRA, 401(k) and Roth plans being there for you:
- Nationalization of foreign retirement plans is happening now
- The US federal government has plans for a nationalized retirement scheme
- Your retirement dollars will bail out underfunded union and municipal retirement programs

Instead, build wealth using these tools:
- Assets versus liabilities - invest in real assets
- Economic cycles - use them to your advantage
- Demographics - the looking glass into your destiny

And plan to enjoy every dollar you have ever saved:
- Set your lifestyle priorities
- Protect your retirement savings
- Die broke by strategically spending your wealth without being destitute or wasting your money on insurance products

This book will help you climb the "net worth mountain" and enjoy the view from the top, and it will be your guide as you descend, strategically spending and gifting away every single dollar you have earned and saved... spending it all!

From the Inside Flap

Dr. Riggs has been building wealth for over fifty years through several very different and very successful careers, each of which made him a multimillionaire. In this book he explains the three basic and easy to understand financial concepts anyone can use to both build and protect their wealth.

But it was only during this past year, while he was visiting his 96 yr. old mother in a nursing home, that he gained insight into what awaits most of our retirement savings.

The money his mother had earned as a public school teacher and had frugally saved for over 50 years was rapidly being drained away as she dozed off in her chair. They were taking it simply because she still had it; while other residents who had already enjoyed spending their money, were now getting a free ride.

He had helped his mother to save and invest when he should have encouraged her to spend. He had failed his own mother by not encouraging her to spend all she had earned and saved, while she was still able to enjoy it.

But he was determined not to fail himself.

He needed a plan...a logical plan to enjoy strategically spending or gifting it all away over a predetermined period of time; before the private IRA, 401(k) and Roth retirement accounts are nationalized and redistributed. He needed a plan to spend it all and die broke - insolvent, but not illiquid or destitute.

Surprisingly, his plan for building his wealth was simpler and came more naturally to him than his plan for spending it all.

Your grave stone will have two dates separated by a hyphen. You have no control over the dates but you do have control over the hyphen ... that's your life.

Let this book show you how to make the most of that hyphen.

Edition details

• Publisher: Monetary Publishing LLC
• Publication date: 2014
• Language: English
• ISBN 10: 0991521501
• ISBN 13: 9780991521500
• Binding: Hardcover
• Number of pages: 212