The Wealth Code 2.0: How the Rich Stay Rich in Good Times and Bad

Book description

A thoroughly revised and expanded update to the book that critics are calling the first true investing book for the "new normal"

You entrusted your financial security to the "experts," and now you're wondering what it'll take to recover from the economic crisis and get back on your feet. In this updated and expanded edition of his critically-acclaimed guide to staying rich in good times and bad, financial planner and investment strategist Jason Vanclef delivers more straight answers and solid solutions—and he takes a well-earned poke or two at Wall Street in the process. According to Vanclef, True Asset Class Diversification is the best way to build the solid financial foundation you need for a secure future. And he puts his money where his mouth is with a comprehensive, easy-to-understand and use plan for maximizing your investments—not just cutting your losses.

  • Learn the unvarnished truth about "tried and true" Wall Street practices and why stocks and bonds are not the answer—and which investment vehicles are

  • Find out how to diversify into oil/gas, equipment, notes, real estate, bullion and rare coins the way the super-rich do—information that Wall Street doesn't want you to have

  • Get priceless advice on whether or not to pay off your home or pay cash for a car and how to build your wealth more efficiently

  • Discover the pitfalls of insurance and Variable/Fixed/Index Fixed annuities that agents will never tell you about

  • Get the lowdown on advanced income tax reduction strategies, discounted Roth IRA conversions, and asset protection techniques that will help protect your hard earned wealth.

Table of contents

  1. Cover
  2. Contents
  3. Title
  4. Copyright
  5. Dedication
  6. Preface
  7. Acknowledgments
  8. Introduction
  9. Chapter 1: Freeing Your Estate from Conventional Thinking
    1. An Unconventional Approach
    2. In Summary
  10. Chapter 2: The Best Portfolios Are Mixtures of Many Different Asset Classes
    1. The Real Meaning of Portfolio Diversification
    2. In Summary
  11. Chapter 3: The Key to Protecting and Building Wealth in Good Times and Bad
    1. General Practitioner versus Specialist
    2. In Summary
  12. Chapter 4: The Process of Wealth
    1. Wealth Bucket 101
    2. Buy Assets to Pay for Liabilities!
    3. Fortune 400 Secret
    4. Brokerisms
    5. In Summary
  13. Chapter 5: Leaks in the Bucket
    1. Not Following Common Sense
    2. Limited Investment Diversification
    3. Inflation
    4. Investment Fees
    5. Income, Income, Income
    6. Taxes
    7. Poor Estate Planning
    8. Poor Asset Protection
    9. Liquidity
    10. Summary: Leaks in the Bucket
  14. Chapter 6: True Asset Class Diversification
    1. The General Asset Classes
    2. 20,000-Foot Viewpoint on Money
    3. Liquidity Leak Reexamined
  15. Chapter 7: Foundations for Your Financial Table
    1. Matching Beliefs to Your Asset Choices
    2. Time and Real Assets
    3. Direct Participation Programs
    4. Accreditation of Investors
    5. Commissions and Fees
    6. Prioritization and Placement of Portfolio Investments
    7. In Summary
  16. Chapter 8: Building a Strong Financial Table
    1. Step One: Know Yourself
    2. Step Two: Liquidity Time Lines
    3. Step Three: Income Needs
    4. Step Four: Growth Needs
    5. Step Five: Beneficiary Needs
    6. Putting Together a Financial Plan
    7. In Summary
  17. Chapter 9: Life Insurance, Annuities, and How They Relate to Your Wealth Code
    1. General Need for Life Insurance—Family Liabilities
    2. Federal Estate Taxes
    3. Annuities
    4. Index Universal Life and Index Fixed Annuities
    5. MVA versus Non-MVA Annuities and Why You Need to Know This
    6. In Summary
  18. Conclusion: Time to Take Action!
  19. Appendix A: Case Studies
  20. Appendix B: Different Investment Asset Classes
  21. Appendix C: Discounted Roth Conversions
  22. Appendix D: 1031 Real Estate Exchanges
  23. About the Author
  24. Index

Product information

  • Title: The Wealth Code 2.0: How the Rich Stay Rich in Good Times and Bad
  • Author(s): Jason Vanclef
  • Release date: January 2013
  • Publisher(s): Wiley
  • ISBN: 9781118483367