Confessions of a CPA: Why What I Was Taught To Be True Has Turned Out Not To Be

by Bryan S. Bloom

If what you thought to be true turned out not to be, when would you want to know? Obviously right away! This book is a compilation of eight commonly held financial "truths" that are generally accepted as hallmarks of a sound financial plan. What if they aren't true? What impact would relying on something that isn't true have on your financial future? For example, we have all accepted the concept of the miracle of compound interest. If the exponential growth potential were the only factor in play - anyone nearing retirement would be wealthy. But there are other factors in play that are often not accounted for, consequently, none of us are as wealthy as we thought we would be when we were first taught the miracle. Inside, find out the truth behind average rates of return, long term investing, qualified plans, buying term insurance and investing the rest, seeing your home as an investment, financing large purchases, and asset accumulation in addition to the miracle of compound interest.

Genres: Finance

160 pages, Paperback

First published December 30, 2011

Reviews

[Joi Perkins · Rating 5 out of 5]

Enlightening

Great out of the box thinking, smart informative & most importantly thought provoking! I would recommend this book to anyone wondering what may be the best way to structure there retirement.

[Michael Kostelnik · Rating 1 out of 5]

Very meh. Bad math and misconceptions. He's a retired VIA and now an insurance agent. Author is paid by insurance agencies to train their salespeople. Biased opinions.

[Cory Wallace · Rating 5 out of 5]

Great insight on the steps used to attain financial freedom. Be aware of the usual advice.

[Fernando Weeks · Rating 4 out of 5]

Excellent read!

This one is worthy of a second read! Glad I picked it up and will undoubtedly read it again . Great insights on using whole life insurance policies!

[Patty · Rating 5 out of 5]

As the book demonstrates, what may be most costly in your life is a closed mind. This book shows why what you've been taught may not be best when you go the distance to properly analyze the issue. Excellent book.

[Derrick Lord · Rating 5 out of 5]

Amazing information ... and asks the Question ... If something you thought to be true turned out not to be true, when would you want to know about it?