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Business Money Books sorted by Bestselling .

Business Money
Candlestick and Pivot Point Trading Triggers + CD-ROM: Setups for Stock, Forex, and Futures Markets
Published in Hardcover by Wiley (2006-11-03)
Author: John L. Person
List price: $80.00
New price: $42.84
Used price: $41.94

Average review score:

I have problem to make it to work for me
Helpful Votes: 1 out of 1 total.
Review Date: 2008-08-15
Book is well written, author language is clear and understandable but...

I struggle to manage to make the system described in this book to work for me. I don't have the charting package and software that author use, but the system should work on any system. The only problem is that if you
dont have the software that author use - you can't use moving averages.

I will give this system few more attempts and I will update this review later.

Don't use the system described in the book without testing. Losses that I have with this system are virtual. But the waiste of the time is real.

Does good job blending Candle Sticks with Pivot Points
Helpful Votes: 1 out of 1 total.
Review Date: 2008-06-05
I really like the combination of candle sticks with pivot points! Candles are fine but must be combines with other western technicals. I like this as a constant combination. You can then add MACD or ADX to finetune your timing. I learned a lot from Person.

My only reason for not giving it 5 stars is that it has a lot of filler. Gives the book a bit of bulk but not much meat. A good edit would have made for an easier read.

Outstanding Combination of Canldestick & Pivot Points
Helpful Votes: 1 out of 1 total.
Review Date: 2008-05-18
This is an exceptionaly well written book. Not only is the reader introduced to a new concept of Pivot Points, but also the combination of using Candlestick charting and special Moving averages gives a very powerful trading platform. John Person has taken a lot of effort to explain all details of his trading platform, but what is more than unusual in books like these, is that he gives dozens of examples with very detailed explanations. This is something rare, but allows the reader to fully understand the theory not only in written words but in live examples down to the last detail.
This book is a must reader for all Traders whether professional or not, as it is an eye opener into a very powerful platform. Even taking parts of this platform into ones own trading systems can be very beneficial. All Kudus to John Persons latest book.

One of the Best
Helpful Votes: 1 out of 2 total.
Review Date: 2008-04-04
This a well written book that provides lots of background AND the specific steps (entry and exit signals) to make money trading the Forex market. This methods explain also work for the futures and stock market.

I would highly recommend this book for any one that is trading any market and has not used pivot points!

Probably the best book on trading I've read to date!
Helpful Votes: 2 out of 2 total.
Review Date: 2008-03-02
UPDATE: The only annoying thing about this book is some of the organization. For example, the author discusses "high close dojis" and "low close dojis" (which apparently are terms he gave to certain candlestick formations) and does not explain what they are until CHAPTER EIGHT (I believe it's chapter 8). I got so annoyed I just skipped ahead and read what they all were, then returned and picked up to where I left off. Other than that, this book is an outstanding source of information!
I've been studying, practice trading, and trading options now for almost a year and I've been absolutely relentless in my studies...seminars, DVDs, and books. And of all the books I've read, this is probably tied for the single best book on trading (the other book is Trade Chart Patterns Like the Pros by Suri Dudella). What I like is that the examples are recent and relevant and the pictures/charts are clear. Although I'm not into futures, the e-minis or forex, this book covers everything as John Person trades just about everything. And thats another thing, the guy is a trader...wow! Imagine that! A book on trading written by a guy who actually trades! This book has helped my trading more than any other that I've read, and I've read a lot. To those who gave this book a poor rating, I'm curious if we read the same book. If you have any questions, you can email me at headbanger51 at yahoo dot com and be sure to put the title of this book in the subject line or it'll get deleted. Bottom line: INVALUABLE BOOK!


Business Money
You're So Money: Live Rich, Even When You're Not
Published in Paperback by Three Rivers Press (2008-04-15)
Author: Farnoosh Torabi
List price: $14.95
New price: $7.90
Used price: $7.88

Average review score:

Awesome for recent grads!
Helpful Votes: 1 out of 1 total.
Review Date: 2008-08-18
I just graduated college and started a new job, and this book is helping me know exactly to handle my money!

You're So Money
Helpful Votes: 1 out of 1 total.
Review Date: 2008-07-06
Great book for everyone. It's written to the 25-30 year old, but it's great advise to all.

You're SO Money
Helpful Votes: 1 out of 1 total.
Review Date: 2008-06-09
Farnoosh Torabi writes an easy reader with clever ideas and a fresh view. You should pick up this book for yourself, especially if you're a young adult or have teenagers entering college.

Great Read!!!!
Helpful Votes: 1 out of 1 total.
Review Date: 2008-05-26
You're So Money is a great read if you are looking for inspiration to straighten out your personal finances, get rid of personal debt and restructure your spending habits. The book hits many areas in advice on how to shop for our everyday needs and wants as well as how to look for opportunities of making money outside our 8 to 5 jobs to achieve our 'good life' equation. Definite recommended buy! I enjoyed every chapter and its written for those of various ages struggling to have all aspects of their personal finances fall in place.

Good but...
Helpful Votes: 4 out of 4 total.
Review Date: 2008-08-21
This book has some good tips and ideas, my favorite being to figure out what's important to you before you figure out how to budget your money. Sounds simple, but sometimes we get so caught up in paying off debts, saving and investing, that we forget to live in the moment. I've already made some changes based on her advice, by drastically cutting back on eating out and putting that money towards a trip to Europe next year (so much more rewarding than a few sushi dinners).
One annoyance - she says that renters are wasting their money and that everyone should be a homeowner. Then she proceeds to say that her parents paid for her condo. Who should I ask to help me, my deceased father or my mother who lives off $10,000 in Social security checks per year? Some of us have to do it on our own, and that means paying rent instead of drowning in mortgage payments. I think it's a huge mistake for young people to buy homes too soon. Rent isn't "wasting money", it's paying for a place to live.


Business Money
Gold: The Once and Future Money
Published in Hardcover by Wiley (2007-05-04)
Author: Nathan Lewis
List price: $27.95
New price: $14.45
Used price: $14.46

Average review score:

absolute must read
Helpful Votes: 0 out of 0 total.
Review Date: 2008-04-28
This book is absolutely unbelievable vuluable and probably worth paying 1000$ for it (or should I say, 1 oz of gold!).

Not only does it explain in details what the gold standard is, and how it has worked in the past, but it also gives a very good overview of the various currency systems used in the past, the various fallacies about currencies, gold, politics, economics schools, etc.

It also reviews the history of our society through a different angle/lens. I feel like I understand the history now, and all the crises, wars, chaos that seemed to come out of nowhere has found a rational and sensible explanation. I had turned off my TV set and my radio receiver about 10 years ago, stopped reading the news papers and any other kind of useless noise, and all of the sudden, the world makes sense again.

Unfortunately, ignorance is bless...

Many thanks to Nathan Lewis for sharing his knowledge and wisdom. I just wish that the book was twice as thick, so that you could go into more details about the causes and consequences of the various policies and actions taken by the governments or the IMF, etc. because sometimes the short cuts you take are more than hard to follow and even though I think I was able to follow you, I would have preferred to be sure about it.

Insightful but Left with Unanswered Questions
Helpful Votes: 1 out of 1 total.
Review Date: 2008-02-12
Good Insights But Unconvincing

Fiat money serves three purposes: legal tender, token for exchange and store of value. The author seems to propose a money system pegged to gold and believes that it will serve to stabilize the value of the paper money as the value of gold is relative stable in the long run. The author argues that, under the new gold based money standard, the value of paper money can be maintained through adjusting the money supply, possibly by the central bank. The author also believes that a gold-based money system is better than commodity-basket based system or a currency board system exchange system. The author points out that there is an inherent conflict between a country's domestic monetary policy in terms of maintaining an interest target and its foreign exchange policy in terms of keeping a fixed exchange rate.

The question that is not clearly answered is how the supply and demand of gold, and therefore related fluctuations of gold price/value, affects the value of money and the equilibrium between money supply and demand. Equally important and not clearly answered is how a country using the proposed gold-pegged money can defense itself against currency attack by speculators. When there is sell-off of the currency, according to the author, the central bank needs to retire the excess currency (money supply) it took in from people for exchanging gold. This is to maintain the value of the paper money pegged to gold. Reducing money supply seems to push up interest rate and restrain economic growth. A large scale currency attack may also push up gold price as the demand of gold for exchanging the currency intensifies. To keep the pegging creditable, the central bank has to exchange gold for the currency when it is demanded. The central bank either has to keep a gold reserve large enough or buy/borrow gold from the market. To buy gold, the central bank may have to borrow foreign currency (hard currency) to do so, especially when its currency is under attack (weak). Then the problem is essentially no difference than the familiar one we have seeing for a currency-pegging exchange system except the author claims that the value of gold, in the long run, is more stable than all paper money including "hard currencies" such as the dollar, pounds, etc. The author claimed that if the central bank maintains its credibility, then it does not need to keep a large gold reserve. However, if the credibility is better or at least as good as gold, we wouldn't need a gold-pegging or any pegging system. The whole idea to have the money pegged on something is because that people believe the value of that "something" in itself is stable.

As society has not find any universal stable measurement for "value" as we did for length and weight, we just don't have a stable media to store the value. Actually length and weight are only relatively stable under normal conditions on earth. The light of speed is probably the only constant in the universe we know so far. The value of gold, just like all other currencies and commodities, changes when the supply and demand fluctuates. It may be arguably more stable than other paper money. Nevertheless, it does not totally eliminate some major problems faced by the paper money. Plus, gold system may have its own problems. Is it immune from short-term speculations that could bring down a nation's economy?

Overall, I found the book valuable in providing a lot of economic insights on historical events. But I found the argument for a gold-pegged standard as the solution unconvincing. The ultimate solution may be, when globalization reaches its summit, one world currency is created. Then there is no currency risk. Only business cycles need to be dealt with. Then the money does not have to be pegged on anything except people's faith in the stability and survivability of themselves and responsible management on money supply. When there are multiple currencies, good management of and consistency among policies of exchange, monetary, and fiscal seem to be the gold standard demanded.

Good money is stable money ...
Helpful Votes: 2 out of 2 total.
Review Date: 2007-12-27
To read about gold is to read about the history of money. In this very well arranged book, the author present and enjoyable introduction to a central aspect of economics, money, from the differences between soft and hard money, the Gold standard, the uses of Taxes, Central Banking and the history of financial crises. Gold is indeed the most effective way to have stable money, meaning stable prices and this is repeated all along the book so you cannot forget it.

Certainly this is a great book with lots of information and history, where you can understand the financial crisis that have devastated some countries economies, such as the '80 Latin America's crisis or the Asian crisis of '97, most of them problem related to floating currencies imbalance. There is also a very insightful explanation of what happened with Yugoslavia and the rol of the IMF and its "shock therapies" that have only worsened economies that needed their assistance in these moments of perils. Good money is stable money and maybe one day we will be back to it.

Conceptually good, but too detailed for my liking
Helpful Votes: 4 out of 4 total.
Review Date: 2008-02-15
The book starts and finishes strong--the first 100 pages or so and the last 50. But the middle gets very bogged down in intricate economic history with lots of minutiae. The author begins in the mercantile ages, perhaps the 1600s or thereabouts, and continues to the early 2000s. I was disappointed that the last few years were pretty much not covered, as that is what I'm most interested in. Discussion is not limited to the USA and covers the entire world. I think every economic event, significant or not, was touched on. Discussions of US presidents are mostly limited to Nixon, Carter, and Reagan.

So aside from the start and finish of this, this is mostly a book of economic history. Maybe I was expecting something otherwise when I picked it up. I support the author's premise, and he seems very confident in it. I'm new to the gold standard and I plan to learn more about it. I ended up skimming the middle 200 pages or so as I could not bear to read them in depth anymore after entering them. I understand that history is important for lessons, but I prefer summaries of it. It's never been my strong point, and this book is littered with dates and years that have always been anathema to me.

If you're new to the subject of the gold standard like me, this may not be the best initial choice. Or you might want to skip it entirely and instead seek other books or shorter articles online. This review might be somewhat useless, but if anything I would say to be mindful of the history in this book. Consider using Amazon's preview feature to see what I mean.

*Wow, coincidentally it's unbelievable how much I'm in agreement with Average Joe. I also have "The Coming Collapse of the Dollar" on my reading queue.

I'm all about gold - too many details in this book however
Helpful Votes: 5 out of 6 total.
Review Date: 2008-01-02
I'm simply an average joe looking to preserve wealth from the coming inflation in the US dollar. This book did indeed help me understand central banking and how a gold standard can work. However, it contained way too many details with dates and years of various historical events.

What I really wanted, was a book that could help me conceptually understand the commodity of gold in an easy to read format. All in all I appreciated the book and am glad I read it. Perhaps I would have enjoyed this more had I read "The Coming Collapse of the Dollar and How to Profit from It" first as it did not dive into obscure details of historical events.


Business Money
The Money Coach's Guide to Your First Million
Published in Hardcover by McGraw-Hill (2006-08-01)
Author: Lynnette Khalfani
List price: $24.95
New price: $12.21
Used price: $3.04

Average review score:

Motivating Millions
Helpful Votes: 0 out of 0 total.
Review Date: 2008-06-01
This book is easily the best book I've read on personal finance. It is simple and yet very effective. It covers a broad range of money topics:
-Real Estate
-Credit
-Budget
-Insurance
-Road Blocks to Millions
-Investing in YOURSELF
-Passing it on to your kids
Each sectiuon is filled with advice and examples to help you become a millionaire. I see now how she can make the claim and live up to it. The techniques here will ensure that you stay smart about your finances. She teaches you how to save millions and earn millions. It's easy to save your way to millions. A little goes a long way. Khalfani says to invest in yourself. One way is to finish college. Statistics show that those who finished college earned a million dollars more over their lifetime than those who didn't. She also shows you how to save on college expenses. College expenses can top $100,000 at a private four year university. She suggest going to a community college for two years then finishing the rest at the university of choice. This little tip will save thousands and help you earn thousands more.
I love even more the story of the two best friends who lived nearly identical lives. The only difference is that one had bad credit, while the other had good credit. Over their lifetime the one with bad credit constantly paid more for the same items(car, tv, insurance, mortgage) then the one with good credit. Over their lifetime, Bad Credit cost the guy over $1,000,000, while good credit SAVED $1 million dollars for the guy with good credit.

Money is NOT a Four-Letter Word
Helpful Votes: 0 out of 0 total.
Review Date: 2007-06-27
I just finished reading Lynnette Khalfani's "Money Coach's Guide to Your First Million" book and will definately be recommending it as a must read to my friends. Now, it's not like Khalfani has any new words of wisdom on how to make it happen but she has a great writing style, lots of facts, and is highly motivational. Would you like to be a millionaire??? Others are. Others will be. Why not ME? Why not YOU??? Khalfani stresses the importance of goals, using integrity, and turning positive habits into positive results. Of all the advice in the book, the most important one is to start TODAY. Do something. List your goals. Brainstorm your talents. Shop for insurance. Yes, you CAN be a millionaire ... 25,000 people become millionaires every day. You'll come out with a whole new attitude with the phrase, "what's in your wallet?"

Great Info....But the Stock Investing Stuff Is Confusing
Helpful Votes: 2 out of 4 total.
Review Date: 2007-01-13
I enjoyed the book and plan on applying the principles in it (especially dealing with credit card debt). When I got to the investing part dealing with stocks, I got bored and it was hard to follow. Maybe it's just me and I need to review it again.

Great strategizer for your personal finances!
Helpful Votes: 3 out of 3 total.
Review Date: 2007-07-27
Get a pen and paper ready when you read this book. I took numerous pages of notes because all the information is needed at your fingertips to remember everything she discusses in order to succeed. The book gets you motivated from the beginning by doing exercises about debt and future goals. It becomes a valuable tool since you pick one short, medium and long term goal, and begin some sort of savings account for each one.

The most unique thing about this book is it speaks to the very common investor. You don't have to earn a lot or have tons of start up money to invest. There are options discussed on how to invest in real estate that are very valuable.

My only issue with the book was how effortless Khalfani seemed to erase her debt. Most of us don't make six figures, so it takes longer than she did to get out of the hole. The book does describe how to eliminate debt, and not the typical things every other author has written "Don't spend more than you make." But realistically you're probably not going to do it in the time Khalfani did. She had debt around $100,000 and paid it off in a year or so.

This is a great book for those looking to get control of debt and slowly jumping into the world of investing. You will be excited and ready to reach the goals you set in the exercises early in the book. Heck, you may even start setting up the spreadsheets recommended to track debt and monthly expenses. I use the spreadsheets and it has helped me keep track of my spending and given me the ability to make changes where I excessively spent in the past. The debt is slowly being erased at a rate that was my goal to reach, so it has also helped build stronger morale since the debt is finally going away.

Excellent Primer on Managing Your Personal Finances
Helpful Votes: 6 out of 6 total.
Review Date: 2007-05-31
I am not good with finances, but am determined to learn how to manage our money better. This book was a terrific place to start and everything was explained in simple language so that it made sense to me. I bought this book for both of my children in college and told them to read it cover to cover to help them set up a personal financial management plan. The book covers the basics, such as how to develop a budget that works, and also provides more details about things like how to make money in real estate and other investments. There are some excellent pieces of advice about how to get out of debt and prepare for unforeseen events that affect financial stability. Khalfani has really covered all the bases. I recommend it to anyone just starting to get their finances in order.


Business Money
Money and Capital Markets with S&P Bind-in Card (McGraw-Hill/Irwin Series in Finance, Insurance, and Real Est)
Published in Hardcover by McGraw-Hill/Irwin (2007-12-07)
Authors: Peter S. Rose and Milton Marquis
List price:
New price: $127.32
Used price: $113.17


Business Money
The Wall Street Journal Guide to Understanding Money and Investing, Third Edition
Published in Paperback by Fireside (2004-08-31)
Authors: Kenneth M. Morris and Virginia B. Morris
List price: $15.95
New price: $98.99
Used price: $55.70

Average review score:

Not impressed
Helpful Votes: 0 out of 6 total.
Review Date: 2007-02-11
A nice introduction to wall street if you were raised on Mars. For people who want to do investing for a living this is a waste of time

To get the whole picture
Helpful Votes: 0 out of 0 total.
Review Date: 2006-12-22
I think this book did a great job in helping me understand the universe of money and investing beyong the scope of stock. I have been trading for 1 year and wanted to buy a small book that gave me a general education on the subject. Although much more can be written on each topic covered it is good for beginning to understand the whole picture.

Handy Little Book
Helpful Votes: 1 out of 1 total.
Review Date: 2007-05-03
Although this isn't the largest book in the world, I really enjoyed reading it. I thought that I was pretty savvy as far as the way things worked, but this book definitely enlightened me. I also appreciated the pictures that made things clearer.

A little bit tough to read, but worth it.
Helpful Votes: 2 out of 2 total.
Review Date: 2007-04-28
If you're a beginner, interested in investing, this is a very decent primer to start with. Buy it with Eric Tyson's Investing for Dummies, and you'll be fully set!

82%
Helpful Votes: 3 out of 3 total.
Review Date: 2006-09-05
Most of the book is a great intro to money, stocks, bonds and mutual funds. But the last section, on Futures & Options, seems really rushed and lacks the clarity of the earlier sections (especially the material on options). For example, the authors do not define "calling" or "putting" options; and there is a blatant error on page 150 wherein a description of an option table is laughably out of sync with the table it is trying to describe.

Overall, the book is very good -- just beware of the shortcomings of its last section.


Business Money
Investing in Renewable Energy: Making Money on Green Chip Stocks (Angel Series)
Published in Hardcover by Wiley (2008-10-06)
Authors: Jeff Siegel, Chris Nelder, and Nick Hodge
List price: $27.95
New price: $18.45


Business Money
Missed Fortune: Dispel the Money Myth-Conceptions--Isn't It Time You Became Wealthy?
Published in Paperback by Business Plus (2004-04-01)
Author: Douglas R. Andrew
List price: $19.95
New price: $6.98
Used price: $3.00

Average review score:

So easy a caveman could do it!
Helpful Votes: 0 out of 1 total.
Review Date: 2008-04-03
Add this to the list of schemes that tell you how to get rich in a fantasy world. Pass on this one and save your money,(you'll get rich faster).

For the novice investor and RICH investor alike
Helpful Votes: 0 out of 0 total.
Review Date: 2008-03-10
This book breaks down the conceptual justification of WHY not to pay off your home early and use other investment vehicles until you have amassed enough cash to do it as a lump sum payment and the DIFFERENCE if you follow there method on your overall retirement planning. The first 15 chapters are beneficial to anyone but the last ones require money! You know, it takes money to make money! Well, the last part resounds that! What average guy has the assets to get over-fund an $8M universal life insurance policy? The banks definitely don't want you to read this! Most people still think pay off now...You'd better read this book before you work like a slave to do that or cash in your nest egg n light of all the residential housing market SNAFU in Q4 2007! A good book to read after you understand the principle of Investing and Personal Finance (and I suggest the no fluff approach of the Dummy series).

One interesting note that the author never really fully explains is how he manages to take a $5000 downpayment on his first home and allow it to really mushroom into a multi-million dollar retirement account. Yeah, there are examples of rolling homes and over-funding insurance policies but he never tells you the risks or cautions you about the personal sacrafices you have to make or consider to make this happen.

I will definitely apply many of the principles of this book to my situation but it shouldn't be construed as the "Solution" to all your financial shortfalls! Remember, Knowledge is Power!

Get Your Fortune Back
Helpful Votes: 1 out of 2 total.
Review Date: 2007-09-17
This is an excellent book with many examples of how changing your money management and especially you equity management strategy will result in greater wealth and safety in investing for you. The only reason I did not give it 5 stars is that the author belabors several points and essentially is just repeating the same material over and over. Other than that, the ideas and strategies are well worth looking at and the authors heart is in the right place.

Good read but be wary.
Helpful Votes: 2 out of 2 total.
Review Date: 2007-09-04
Like many of the other reviews, I agree the concept is interesting and makes sense for very specific cases. I would be causious of thinking this is for everyone who owns a home.

The concept in general is simple, which I like. If you can explain it to a 12 year old then I think you have a good grasp of the idea. Doug does a good job of breaking it down so that most of us can easily understand and probably explain it to a 12 year old. Applying it over the long term is something entirely different. In California most people do refinance or sell every 5 so years. This concept at least tells them to focus on saving rather than spending it, something that most Americans do not do well.

I would recommend reading it and understanding it but talking to several advisors and other people who have experience with this before acting.

FACTS the Insurance Agents Hope you NEVER KNOW
Helpful Votes: 9 out of 10 total.
Review Date: 2007-10-01
After readying this you will see the MOTIVATION for the Agents selling this line of BS, it will take most of you over 20 years to have any type of REAL NET return on your Life Insurance Policy. Want the TRUTH talk to an unbiased ACTUARY not a saleperson making a fortune off of your home equity. I am telling you when people finally realize what is taking place lawsuits will start to fly, IMO.

When did the Life Insurance Agent become a charitable organization?

Anyone who is believing this so called NEW way of thinking is either really bad with math or simply does NOT understand Life Insurance. There is a REASON you don't see REAL professionals using this concept they KNOW the TRUTH!!!

What is the ROI on my home Equity? MORE THAN ANY LIFE POLICY!!!!

After you learn how to subtract out all the commissions and fees, then the REAL cost of the death benefit, loan fees for your house loan fees for the life policy let's sit down and compare which approach works best. Having my house free and clear with NO COMMISSIONS to pay, no loans, and no INCREASING internal costs for the life insurance will BEAT any Life Policy I GUARANTEE IT!

Here is a shocker to reality. If you bought into this BS and mortgaged your house and placed the money into a life policy order a current statement for your policy showing the SURRENDER CASH VALUE in the first year, HOW MUCH did you LOSE? Then look at the 5th year how much have you LOST? Tenth year? Do the REAL MATH find out the REAL FACTS.

LIFE INSURANCE is one of the HIGHEST commissioned products in the financial industry FACT! Where do you think that money comes from, YOUR POCKET.

Here is a little KNOWN FACT there are currently MANY so called experts out there today TRAINING for a large fee many other life insurance agents how to SELL LARGE COMMISSIONED life insurance policies. They don't care if you need a policy or NOT they only care about SELLING a policy. Check the facts. Some are even paying for cruises for Seniors then encouraging them to apply for insurance. IT IS HIGHLY PROFITABLE to someone BUT NOT YOU the policyholder.

You will see many lawsuits in the coming years from these abuses when the you know what finally hits the fan.

By the way did you know that it was illegal for you stock broker to encourage you to take out a mortgage to buy a REAL INVESTMENT? It should also be illegal for Insurance Agents but it's not, well not YET, time will tell.

Where is Elliot Spritzer when you need him?

I wish more people would ask the harder questions before believing this new line of BS.

FACTS The INSURANCE AGENT want to hide from you: Insurance agents make about a 30-50% commission on term life insurance and around 90-95% commission on whole life products. Keep in mind that this is the first year commission on the premium and subsequent year commissions are much lower with an average of 6% per year for whole life products and 4% per year on term life insurance products.

One of the great problems with whole life is only an expert can tell if a policy you own or are considering will ever become a decent investment. James Hunt, actuary for the Consumer Federation of America, who has analyzed thousands of policies, notes that whole life policies hardly ever yield a reasonable return unless held for 20 years or more.
So if you buy one be prepared to pay into it for the very long haul.
The key to a whole life policy is its internal rate of return -- the yield on the policy after all fees and charges are subtracted. A competent analysis can determine at a minimum whether the weight of the fees and charges built into one of these policies will ever allow a worthwhile return. Such an analysis will also pinpoint the minimum amount of cash value that you can derive from a policy at any given time interval.
Some financial planners, actuaries and accountants can perform internal rate of return analysis on your policy. The Consumer Federation has a service that will do this, calculating the real return year by year and comparing it with other investments. The fee is $50 for the first policy, $35 for each additional. Call 603-224-2805 for more information.




Business Money
Pricing with Confidence: 10 Ways to Stop Leaving Money on the Table
Published in Hardcover by Wiley (2008-02-25)
Authors: Reed Holden and Mark Burton
List price: $29.95
New price: $16.47
Used price: $17.90

Average review score:

A Gem of a Resource for Small Businesses dealing with Big Business
Helpful Votes: 1 out of 1 total.
Review Date: 2008-09-01
As a forum leader for a group of CEOs of small, growing businesses, we used this book to help us in understanding whether the pricing strategies each of our businesses used were optimizing their market and sales successes. Since many of these small companies compete with some of the largest players in their respective industries, it was revealing to each of them to see their realities detailed so clearly by the authors. It has led each of them to engage in more thinking and analysis relative to a pricing strategy that matches their value offering. This is a must read for any small business up against the big guys.


Pricing With Confidence
Helpful Votes: 1 out of 1 total.
Review Date: 2008-08-07
Pricing with confidence

I have heard Reed Holden speak in a number of venues. I was happy to hear he was contemplating a book on the practical end of the spectrum for a selling organization. This endeavor revolves around easily understood concepts that a selling organization can apply.

Reed constantly says "Don't be a victim", apparently a phrase he learned many years ago, which ties in with the thrust of the project. Don't be satisfied with what the market place gives you. You can price your product and the services you offer at a level consistent with the value you bring. Far from just cheerleading, you must have done your homework before hand and this will give you the confidence to overcome the objections you will receive.

In the book are simple methods to organize your thoughts to understand your value, which may change with different classes of trade. You can then set your price points and defend them successfully. If you are not successful there is a unique chapter to characterize the type of buyer you are facing. Price buyers, Value buyers, Relationship buyers, and Poker Playing buyers all have different agendas and your defense of your value may be valid, but not successful with each of the above types. Just the recognition of this is valuable to the salesman and may point to different strategies or more importantly not confusing strategies.

In my organization I know the publication is making a difference when a proposed price point strategy is being justified by a thought process described in the book. The sales person in the meeting is defending his stance among his peers who can be rather harsh to test his logic.

A good read that should be placed on the shelf for extensive use as a reference book.

Pricing with Confidence
Helpful Votes: 1 out of 1 total.
Review Date: 2008-06-10
Buy the book. It's a good read for sales, customer service and yes, even accounting.

Pricing Not For Dummies
Helpful Votes: 1 out of 1 total.
Review Date: 2008-04-16
As a practioner of pricing for a major firm, I have had the great fortune to directly benefit from the wisdom of Reed Holden and Mark Burton as both a client and student of theirs over the past several years. The benefit to my knowledge and understanding of the pricing discipline, and my company's ultimate benefit from implementation of this knowledge has been one of the best investments we could have made.

Reed and Mark have assembled their vast knowledge and experience into this enormously useful book, which is one of the easiest reads I have ever come accross. I can't overstate the importance of the style in which this book was written, as it flows far more naturally and provides greater comprehension than even the "...For Dummies" tomes. Their concise, easy to use approach does not underestimate the task at hand for practitioners of their pricing principles. However, they do an outstanding job of separating the noise from the true core pricing issues that managers need to devote their ever scarce resources to in their quest to improve their company's profitability.

Through their academic and professional lives, Reed and Mark have compiled the credentials to become experts in the field of pricing, and have supported those credentials in the only manner that counts - with successful solutions for their clients. With this book, anyone with even the smallest interest in pricing as a discipline can develop measurably better approaches for their businesses.

Good advice, well written
Helpful Votes: 2 out of 2 total.
Review Date: 2008-03-20
The book offers a key advice to managers: understand the full value of your offering before you negotiate on price. I teach Pricing at Thunderbird, Global School of Management and do highly recommend this book.


Business Money
Padre Rico, Padre Pobre/ Rich Dad, Poor Dad (Padre Rico)
Published in Paperback by Aguilar (2008-02-01)
Authors: Robert T. Kiyosaki and Sharon L. Lechter
List price: $15.99
New price: $9.49
Used price: $10.70

Average review score:

Opinion about the quality of service and shopping in amazon
Helpful Votes: 0 out of 0 total.
Review Date: 2008-04-28
Everything was ok.
The packaging was without any shocks and the book arrived in good conditions.

The shipping was really fast and the item arrived in a very shot period of time.

I am very impressed with the quality of the service and will repeat the experience of shopping in amazon.

Than you very much

Helped to clarify how I think about money
Helpful Votes: 1 out of 1 total.
Review Date: 2007-01-16
I read this a few years ago because someone I was visiting had it in their apartment. At one point Kiyosaki says that rich buy assets and the poor buy liabilites. Basically an asset pays you without you doing anything - for example interest from the bank. Likewise a liability takes money without you doing anything. (Although he does point out that in the case of a house and a car both require continuous money for up keep but may be needed for other reasons.) For me assessing whether I was aquiring assets or liabilities was a breakthrough in how to look at things. I'm not rich and unlikely to be so (which I'll get to next paragraph), but it has very much helped me to clarify how I think about spending.

Kiyosaki also gives advice about specific types of investment strategies. Many of them take more daring than I have (and that's why I will never be rich although with longer term planning I will likely do OK). However all are based on the same strategy of aquireing assets. Which goes into why reading the book might be good even though I just gave the big secret away. For example in speculating in real estate Kiyosaki is especially clear on an asset being something that you don't have to continually manage. In this case have someone else who is unclogging toilets for your tenants. Treat this employee well and tip your broker and generally pay attention to and be generous with people who are part of your assets.

Basically this is a good book to clarify your strategies involving money. Even if you are cautious like me it is helpful in terms of helping you clarify how you think about money. I don't think it can make you "get rich quick" but it is still very good to have read it. (4 stars not 5 because the specific investment strategies aren't for my personality)

incremente su inteligencia financiera
Helpful Votes: 3 out of 3 total.
Review Date: 2004-08-10
Este libro permite un cambio de mentalidad y la base para iniciar a tomar el control del dinero, en vez de que este nos controle a nosotros. después de leer este libro es importante continuar desarrollando su inteligencia financiera. les recomiendo un seminario en Internet que encontrarán en www.padrericopadrepobre.com

Julio Diaz

Este libro es requisito para manejar las finanzas personales
Helpful Votes: 4 out of 4 total.
Review Date: 2003-09-13
Este es el libro principal si quiere aprender el único concepto de cómo debemos manejar nuestras finanzas.
Los principios que aprenderá le ayudara a caminar por la única vía correcta para realizar sus sueños financieros.
Le recomiendo leer también los siguientes libros de la misma serie.
Personalmente me ayudó muchísimo y cambió mi manera de ver mi situación financiera cuando lo leí hace 3 años.

José España
www.capitalesactivos.com

Unico
Helpful Votes: 7 out of 7 total.
Review Date: 2003-05-01
He sido un empresario exitoso, los negocios se me han dado y he tenido, porque no decirlo; mucha suerte. Sin embargo llega el momento en que uno se da cuenta que no tiene nada. Y no es por no saber ?ganar dinero? (de eso no se trata este libro) si no por no saber usarlo. Aqu? no se descubre ning?n hilo negro, esto es lo incre?ble del libro, Son cosas que uno ya sabe pero resultan tan b?sicas que uno no les pone atenci?n.
Lo recomiendo ampliamente, mi devoci?n a este libro es tanta que el pasado febrero empec? a estudiar la carrera de contabilidad y finanzas a mis 30 a?os, esto igual no tendr?a ning?n merito si no es porque nunca fui bueno en la escuela, nunca me gusto y quieren saber la verdad, nunca la termine.

Me gustar?a hacer dos ?ltimos comentarios:
Por las opiniones que he le?do, la gente podr?a pensar que es un libro para financieros o para meter dinero en la bolsa de valores o algo as?. Nada m?s lejos de la realidad, aqu? el autor da su experiencia, y que en su caso funciono con inversiones en bienes ra?ces y bolsa Pero lo que realmente hace es invitar a la gente a comprar Activos. Por ultimo si Usted queda satisfecho al terminar el libro continu? con El cuadrante del Flujo de dinero del mismo autor, se quedara boqui abierto. Y si quiere otro consejo. Ah? det?ngase ya que los dem?s t?tulos de Kiyosaki rayan en lo realmente comercial barato y no valen lo que cuestan, pero despu?s de todo se quiere hacer rico, no?


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