Undiscovered Riches - By Roel Sarmago, CFP
Did you know that 5 out of 4 adults have trouble with numbers?
If you didn’t get that joke, you might be one of them.
“Never before has anyone so clearly and concisely pointed out these seven personal finance myths (and one bonus myth) that has been holding people back unknowingly for generations.” (Raymond Aaron, New York Times Top-10 Bestselling Co-Author of “Chicken Soup for the Canadian Soul” and Author of “Double Your Income Doing What You Love”.)
“I’ve just finished reading Roel Sarmago’s incredible book and it is undoubtedly one of the BEST resources available for learning how to establish sustainable positive cash flow from multiple sources. I highly recommend both Roel, and his incredible book.” (Tamra Nashman Richardt, www.Extra-OrdinaryImage.com)
Undiscovered RichesTM reads like you are having a fireside chat with a very knowledgeable old friend—albeit one with a slightly strange sense of humor. This book offers an eye-opening, myth-busting critique of the top 7 most commonly held beliefs about money.
In his conversational, easy-to-read style, Roel Sarmago shines a light on how these money myths have been blocking your way to wealth for far too long. He shares practical strategies for paying less tax and making more money.
This book is a must-read if you are seeking to gain more control over your time and how you spend it. You will discover wealth and riches you didn’t even know you had by steering clear of these pitfalls: • The Time is Money Myth • The Saving (and Savings) Myth • The Budgeting Myth • The Debt Myth • The Retirement Myth • The Net Worth Myth • The Home Equity Myth.
EXCERPT: Many people subscribe to the notion that “the rich are getting richer and the poor are getting poorer.” On the one hand, news articles about, and evidence of, people running out of money in retirement are not only commonplace, but seem to be increasing in frequency. Take for example, the article published by Forbes in March of 2012 that talks about the growing reality of aging parents running out of money. According to a study conducted by Vanderbilt University between April 1993 to November 2002, lottery winners are twice more likely to claim bankruptcy than non-lottery winners.
On the other hand, according to an article published by The Economist in January 2011, there were more millionaires in the world than the entire population of Australia at the time. No doubt the disparity between those two numbers has grown since then. Between November 2008 and October 2014, the U.S. Federal Reserve added over $4.5 trillion U.S. dollars to the money supply. And, at the time of this writing, the S&P 500 stock index has been soaring at record levels for over two years since March 2013—a fact that has seen very little attention in the media.
So, is the problem truly a lack of money or is the problem a lack of knowledge of how to generate and keep our fair share of money? Roel Sarmago believes the problem sits squarely in our misguided beliefs in the seven personal finance myths contained within this book.
Roel Sarmago is one of the world’s leading financial life coaches. He is also a professional speaker, successful real estate investor, active trader and passionate palm tree hugger. Roel has worked with thousands of people helping them find their hidden wealth. Roel’s unique approach to personal finance will revolutionize the way you look at your money.