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A 'Must Have' Guide for Everybody! Boy, does that title ring true! I also noticed on the cover of this book the wording, "Because that hand in your pocket... isn't yours!" You and I know that everybody wants your money in one form or another. However, I discovered some new ways while reading this book that I just finished. It is Written by David W. Latko, who is the co-host for the national radio program, "Money and More". Impressively, David Latko ranks among the nation's top one percent of financial advisors. I can just imagine how 'in demand' he is. He started off in a middle class neighborhood and moved his way up by helping people. Where do you usually turn for answers with questions regarding investing, real estate, divorce, automobiles, identity theft, and so much more? If you say your family, friends, neighbors, or your own financial advisor, then you REALLY need to read this book to make sure you are steered on the right path. Looks can be deceiving. Do your homework, starting with this book, because it is YOUR money and YOUR financial future you are looking out for. No one else has such a vested interest in your finances as you need to, except for the slime balls mentioned in this book that you have to watch out for who want your money. David not only presents practical advice in this book. He also shares memorable stories that yank on the heartstrings and gets your blood boiling. Think you are safe from your own family members who are to inherit your money? Think again and take a look at the story examples in this book. If nothing else, you will at least be aware and prepared just in case. This book would make great gifts for everyone in your life. What better gift can you give them than to make sure they don't make wrong financial decisions that can destroy their future? I'm going to be buying and giving this book to some of my own family and friends as gifts. I am keeping mine to refer to and share with my children when needed. This book is definitely worth it! ... Story example: Willa and Tony, a retired couple who had a horrific experience with their first financial advisor. They came into some money. They had no idea what to do to invest or what to do. So they solicited some advice from other retired friends. One of them had received a postcard in the mail a week before, and he passed it along to Tony and Willa. It gave the name and number of a financial advisor who worked in a branch office of a major brokerage which they knew of from hearing about it on TV. In short order, their new advisor "handled" their prosperity problem. He put them into a range of investments that Willa and Tony did not clearly understand. Then, after a month or so of frenetic activity, he stopped calling-or returning their calls. With their frustration mounting, they mentioned their problem to a person who happened to be a client of Davids. Turns out the other advisor had locked Willa and Tony into investments that carried staggeringly large up-front commissions; others carried long-term (and expensive) surrender charges. There was little that could be done. The couple were tied into investments that could not be changed without taking a significant financial hit, in the case of Willa and Tony, it was more than a $26,000 loss. Read this book immediately! David Latko's "Everybody Wants Your Money," skillfully outlines the dos and don'ts of asset management. After reading this book I feel like I've dodged a financial bullet. It is so easy to take the easy way out and do as our advisors recommend without looking at the big picture. Throughout this book, Latko uses numbers and charts to help visualize his arguments. In this way he effectively shows how the decisions you make today will have an impact on your finances in the coming years. The advice and wisdom that I took from this book are priceless. He is a master of his field and honestly believes that everyone should make informed decisions. This book should be a part of everyone's collection This book is valuable on so many levels. Not only does David Latko explain those investments such as real estate, and car buying but he also details the financial repercussions of a divorce and its long-term implications. Latko uses real-life experiences that hit close to home. So many of the problems that he describes are ones that I've encountered or have friends that have encountered them. His advice and knowledge are priceless. David Latko really knows what he's talking about. This book was an absolute inspiration and savior to me! Excellent for personal money and life management...... Excellent for personal money and life management, very limited in investment management information and techniques. Protecting, Excellent; (and Growing) unfortunately is below what I expected. Author's Ego Trip? There's very little information in here about protecting your wealth and none about growing it. We do learn a lot about the author's homes, vacation clubs (11% of the book is dedicated to why you too should join), Ferraris, Porsches (he claims to have bought over 300 cars in his life), and rather vague fear of identity theft. His section on Brokers and Advisors is a good warning to people that haven't really thought about what their wirehouse broker is really doing with their money, but he almost totally ignores fee-only registered investment advisors (as opposed to brokers). I think he could have done a much better job of explaining some of the other options in the market for financial advice. This is one book I actually considered leaving in the airport when I was done with it. I will say that Chapter 14 (Divorce - The Real Equal Rights Amendment?) was a fascinating read. If you are divorcing someone who has more assets or more earning power than you, reading Latko's theory of equitable division will make you salivate. Of course, your attorney will also love it because attempting to employ it will blow the entire settlement apart... See also:
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