Millionaire - Hardcover

Wagner, Wayne; Winnikoff, Al

Hardcover

ISBN 10: 1580631932 ISBN 13: 9781580631938

Publisher: Renaissance Books, 2001

Synopsis

There may be other books on index funds, but there has never been one as easy to read as Millionaire. Full of solid advice, anecdotes, and true stories, Millionaire is concrete information plus plenty of motivation all in one uncomplicated package.

How to go from spender to saver.
Two self-made millionaires, Wayne Wagner and Al Winnikoff have spent their professional lives making millions for their clients. Now they offer a simple strategy that shows how investing in index funds can make you a millionaire. Whether you're a seasoned investor or just starting out, anyone-- from a minimum-wage earner to a six-figure executive-- can follow this tried and true plan and make it work.

How to go from saver to investor.
Read Wagner and Winnikoff and you will be absolutely convinced that you can become a millionaire. And they'll show you exactly how to do it in a way that will make you want to get started immediately.

How to go from investor to millionaire.
"We tell our readers exactly what and how to save and invest, and prove why this strategy works with simple explanations and supporting documentation-- but without having to bog them down with weighty theories."

Why the Millionaire plan?
You don't need any prior knowledge about investing or money management. By following a simple formula based on the number of years to the target goal of a million dollars, you will know exactly how much money you need to save per month or per day. There's one simple set of rules of encouragement to keep you from doing the things that sabotage your goal.

Why index funds?
All you need to get started is the money you'd spend on lunch every day. You don't have to work long hours trying to keep on top of the market. You just sit back and let the economy work all 24 hours every day for you while you watch the returns compound and your money grow.

There's no need to agonize over which strategy to follow or which stocks to pick. There are no brokerage fees. And, unlike mutual funds, with index funds there's no high-priced manager using your money to try to "beat the market," and losing most of the time. Index funds beat mutual funds for 14 out of the last 20 years.

Wagner and Winnikoff show you step by step everything you'll need to know, from how to buy into an index fund in manageable bits and pieces, to what to do when it's time to start cashing in. But most importantly, Millionaire gives you the inspiration you need to get started and the motivation you need to stay the course.

About this title

From the Author

Can anyone in the country become a millionaire? Absolutely. There's no trick to it. Anyone can do it. You just have to have a simple dream - to be a millionaire -- that compels you to stick with a sound program for a long time.

We wrote MILLIONAIRE to show that it's truly simple to become a millionaire, but most people just assume it's impossible. It isn't!

Most investment books go over the head of most readers. Often, they ask the reader a bunch of unanswerable questions, like: · What's your tolerance for risk? or · How much retirement money will you need to pay for arthritis medicine and denture cream?

Nobody - NOBODY - knows how to answer those questions, even the writer who asks them The average reader simply gives up.

Our goal was to put it in terms anybody can understand. I WANT TO BE A MILLIONAIRE. That's the simplest statement anybody can make about financial aspirations. Everybody can understand that as a financial goal.

Our book tells the reader how in plain English. It takes three ingredients:
Discipline
Strategy
Patience

Save $179 a month - six bucks a day. Put it into an index fund from age 25 to 65 and you'll be a millionaire when you retire. That's six bucks a day! Just pack your lunch instead of going out to McDonalds. Forget your daily coffee at Starbucks. Anybody can do it.

You don't have to be a genius, you don't need timing; you don't even have to pick a genius investment manager. All you need is discipline, strategy and patience, not that those are in oversupply. Keep the greed in check, you'll do all right.

And Millionaire is fun! You can read it in a couple of hours, laugh your way through it, yet change your whole financial future. In an hour or two.

About the Author

Wayne Wagner
His company, Plexus Group, advises money managers and brokerage firms who manage $1.5 trillion in assets. Wagner is also the author of The Complete Guide to Securities Transactions.

Al Winnikoff
He made his fortune in real estate. Al sold Wayne his house. Wayne sold Al on index funds. Winnikoff is also the author of three books including The Land Game: How to Make a Fortune in Real Estate.

About this edition

• Publisher: Renaissance Books
• Publication date: 2001
• ISBN 10: 1580631932
• ISBN 13: 9781580631938
• Binding: Hardcover
• Number of pages: 128