Book Review: The Income Miracle: How to Use Life Insurance for a Safe and Tax Free Income Stream by Marc Aspen ISBN: 9781532379796

The booklet The Income Miracle: How to Use Life Insurance for a Safe and Tax Free Income Stream by Marc Aspen actually bills itself as an article.  It is short, only 20 pages, including the appendix, but it contains loads of information.

One may ask, “Is a twenty page booklet really worth the cover price?”  We would answer that by asking you, “If Warren Buffett offered to sell you a single sheet of paper that contained the secret of how he got wealthy, what would that be worth to you?”

The concept detailed in this book is not new, it just isn’t talked about a lot.  We have reviewed two other books regarding the same subject in the last few months.  This is not new. Many financial gurus will tell you that this method does not work. They advise you to buy term life insurance and invest in stocks and bonds.  I believe these gurus are wrong.

If I had known about this back several years ago, I would be much better off today.  If I had listened to my father, who had actually sold insurance years ago, I would have had this type of plan.

Aspen does not tell you that this way is the ONLY investment you need, like so many other investment books we have read, and there have been hundreds.  He does suggest that this is a part of your investment plan.

Five Star Review

Even though this article is short, it might just be the best investment you have made in a while.  It might lead you to ask more questions of your insurance agent. It might lead you to better understand your financial future. We give The Income Miracle all five stars.  

We were sent a complimentary copy of this book.  We are under no obligation to write any review, positive or negative.

We are disclosing this in accordance with the Federal Trade Commission's 16 CFR, Part 255.
Please Visit My Child Bride Suzanne's Blog

Please be advised that all  information in the How to Manage Your Monkey Course is provided to educate, enlighten, and broaden your views in life.  The information provided is not a substitute for medical, legal, dietary, financial/accounting, or religious professionals.   Always consult a professional before you act on any of the information you find in this course.

Disclaimer: The opinions or advice listed in this blog or website should be used as a place to start only. It is not a substitute for the use of a professional.

Please be sure to consult your attorney, accountant, and/or other professionals with any specific questions. There is no one right answer to any business question that will cover all circumstances.

Notice: This post may contain affiliate links. If you click a link and make a purchase, we may financially benefit from your transaction, at no additional cost to you. Thank you for your support.  Manian Debil Productions is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.

McClendon Villa     McClendon Villa's Reviews  From the Kitchen of McClendon Villa   McClendon Villa at Blogger P. S. Annie  P S Annie 2 Random Thoughts and Observations   Redneck MBA How to Manage Your Monkey at Blogger   How To Manage Your Monkey at WordPress Reviews By David and Suzanne Book Reviews By Bird  Book Reviews By Bird 2 Book Reviews by Bird at WordPress

Book Review: Heads I Win, Tails You Lose: A Financial Strategy to Reignite the American Dream by Patrick H. Donohoe ISBN: 9781544510842

If we had to sum up the book Heads I Win, Tails You Lose: A Financial Strategy to Reignite the American Dream by Patrick H. Donohoe in just one word, that word would be “Refreshing”.

This book is refreshing because the author isn’t one of those One Trick Pony authors.  You know what I mean. If you read a book on real estate investing, the author talks about how great an investment real estate is and how bad every other investment is. Donohoe doesn’t do that.

The author does tell us about how different investments actually fared over the years, and how his plan of using insurance to steady out the cash flow is not an “or” investment, but an “and” investment.  In other words, his method is a part of a good investment strategy.

One of the really great things about this book is that readers are given the history of different investments,  why they were created and how they are being used today. He gives his readers the history of the insurance industry and how safe it actually is.

By now, we have read multiple books on investing which really turn out to be sales brochures for a particular company and really expected this book to turn out the same way.  The author’s company is mentioned a few times but, unlike most other books, he actually tells his readers how they can find this information for themselves, but emphasizes that his company is there to help.  He invites us to use free tools on his website.

Five Star Review

We give Heads I Win, Tails You Lose: A Financial Strategy to Reignite the American Dream all five stars.  We have over 53,000 books here at McClendon Villa waiting to be reviewed.  This book makes the extremely short list of books that will become a permanent part of our library.  Of course, the Holy Bible is one we would not part with. Other than that, our list has now grown to a total of three books.

These books are: Master Your Cash Flow: The Key To Grow And Retain Wealth by Albert J. Zdenek Jr CPA/PFS, My Years with General Motors by Alfred Sloan, and now Heads I Win, Tails You Lose: A Financial Strategy to Reignite the American Dream by Patrick H. Donohoe.

We think it is refreshing to see an author not promote his idea as the only tool in the toolbox.  We think you will, too.

We were sent a complimentary copy of this book.  We are under no obligation to write any review, positive or negative.

We are disclosing this in accordance with the Federal Trade Commission's 16 CFR, Part 255.

Notice: This post contains affiliate links. If you click a link and make a purchase, we may financially benefit from your transaction, at no additional cost to you. Thank you for your support.

Manian Debil Productions is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.

Please Visit My Child Bride Suzanne's Blog

Please be advised that all  information in the How to Manage Your Monkey Course is provided to educate, enlighten, and broaden your views in life.  The information provided is not a substitute for medical, legal, dietary, financial/accounting, or religious professionals.   Always consult a professional before you act on any of the information you find in this course.

Disclaimer: The opinions or advice listed in this blog or website should be used as a place to start only. It is not a substitute for the use of a professional.

Please be sure to consult your attorney, accountant, and/or other professionals with any specific questions. There is no one right answer to any business question that will cover all circumstances.

Notice: This post may contain affiliate links. If you click a link and make a purchase, we may financially benefit from your transaction, at no additional cost to you. Thank you for your support.

 Manian Debil Productions is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.

McClendon Villa     McClendon Villa's Reviews  From the Kitchen of McClendon Villa   McClendon Villa at Blogger P. S. Annie  P S Annie 2 Random Thoughts and Observations   Redneck MBA How to Manage Your Monkey at Blogger   How To Manage Your Monkey at WordPress Reviews By David and Suzanne Book Reviews By Bird  Book Reviews By Bird 2 Book Reviews by Bird at WordPress

The Income Miracle: How to Use Life Insurance for a Safe and Tax Free Income Stream by Marc Aspen ISBN: 9781532379796

The booklet The Income Miracle: How to Use Life Insurance for a Safe and Tax Free Income Stream by Marc Aspen actually bills itself as an article.  It is short, only 20 pages, including the appendix, but it contains loads of information.

One may ask, “Is a twenty page booklet really worth the cover price?”  We would answer that by asking you, “If Warren Buffett offered to sell you a single sheet of paper that contained the secret of how he got wealthy, what would that be worth to you?”

The concept detailed in this book is not new, it just isn’t talked about a lot.  We have reviewed two other books regarding the same subject in the last few months.  This is not new. Many financial gurus will tell you that this method does not work. They advise you to buy term life insurance and invest in stocks and bonds.  I believe these gurus are wrong.

If I had known about this back several years ago, I would be much better off today.  If I had listened to my father, who had actually sold insurance years ago, I would have had this type of plan.

Aspen does not tell you that this way is the ONLY investment you need, like so many other investment books we have read, and there have been hundreds.  He does suggest that this is a part of your investment plan.

Five Star Review

Even though this article is short, it might just be the best investment you have made in a while.  It might lead you to ask more questions of your insurance agent. It might lead you to better understand your financial future. We give The Income Miracle all five stars.  

We were sent a complimentary copy of this book.  We are under no obligation to write any review, positive or negative.

We are disclosing this in accordance with the Federal Trade Commission's 16 CFR, Part 255.

Notice: This post contains affiliate links. If you click a link and make a purchase, we may financially benefit from your transaction, at no additional cost to you. Thank you for your support.

If you would like for me to pray for you, please drop me an e-mail by clicking prayer.



Please Visit My Child Bride Suzanne's Blog

I respond to all approved comments on this blog, ideally within 24 hours.  Please check back here for a response to your comment.  Thank you!

Please be advised that all the information in this course is provided to educate, enlighten, and broaden your views in life.  The information provided is not a substitute for medical, legal, dietary, financial/accounting, or religious professionals.  Always consult a professional before you act on any of the information you find in this course. 

Do you have a frugal recipe?  Please e-mail it to me.
Help us reach 1,000 YouTube subscribers. Please watch some of our videos. If you like them, please subscribe. Also, please share our YouTube information with your friends.  We thank you so much for all your help. 

Disclaimer: The opinions or advice listed in this blog or website should be used as a place to start only. It is not a substitute for the use of a professional.

 Please be sure to consult your attorney, accountant, and/or other professionals with any specific questions. There is no one right answer to any business question that will cover all circumstances.

Notice: This post may  contain affiliate links. If you click a link and make a purchase, we may financially benefit from your transaction. Thank you for your support!

Heads I Win, Tails You Lose: A Financial Strategy to Reignite the American Dream by Patrick H. Donohoe ISBN: 9781544510842

If we had to sum up the book Heads I Win, Tails You Lose: A Financial Strategy to Reignite the American Dream by Patrick H. Donohoe in just one word, that word would be “Refreshing”.

This book is refreshing because the author isn’t one of those One Trick Pony authors.  You know what I mean. If you read a book on real estate investing, the author talks about how great an investment real estate is and how bad every other investment is. Donohoe doesn’t do that.

The author does tell us about how different investments actually fared over the years, and how his plan of using insurance to steady out the cash flow is not an “or” investment, but an “and” investment.  In other words, his method is a part of a good investment strategy.

One of the really great things about this book is that readers are given the history of different investments,  why they were created and how they are being used today. He gives his readers the history of the insurance industry and how safe it actually is.

By now, we have read multiple books on investing which really turn out to be sales brochures for a particular company and really expected this book to turn out the same way.  The author’s company is mentioned a few times but, unlike most other books, he actually tells his readers how they can find this information for themselves, but emphasizes that his company is there to help.  He invites us to use free tools on his website.

Five Star Review

We give Heads I Win, Tails You Lose: A Financial Strategy to Reignite the American Dream all five stars.  We have over 53,000 books here at McClendon Villa waiting to be reviewed.  This book makes the extremely short list of books that will become a permanent part of our library.  Of course, the Holy Bible is one we would not part with. Other than that, our list has now grown to a total of three books.

These books are: Master Your Cash Flow: The Key To Grow And Retain Wealth by Albert J. Zdenek Jr CPA/PFS, My Years with General Motors by Alfred Sloan, and now Heads I Win, Tails You Lose: A Financial Strategy to Reignite the American Dream by Patrick H. Donohoe.

We think it is refreshing to see an author not promote his idea as the only tool in the toolbox.  We think you will, too.

We were sent a complimentary copy of this book.  We are under no obligation to write any review, positive or negative.

We are disclosing this in accordance with the Federal Trade Commission's 16 CFR, Part 255.

Notice: This post contains affiliate links. If you click a link and make a purchase, we may financially benefit from your transaction, at no additional cost to you. Thank you for your support.

If you would like for me to pray for you, please drop me an e-mail by clicking prayer.



Please Visit My Child Bride Suzanne's Blog

I respond to all approved comments on this blog, ideally within 24 hours.  Please check back here for a response to your comment.  Thank you!

Please be advised that all the information in this course is provided to educate, enlighten, and broaden your views in life.  The information provided is not a substitute for medical, legal, dietary, financial/accounting, or religious professionals.  Always consult a professional before you act on any of the information you find in this course. 

Do you have a frugal recipe?  Please e-mail it to me.
Help us reach 1,000 YouTube subscribers. Please watch some of our videos. If you like them, please subscribe. Also, please share our YouTube information with your friends.  We thank you so much for all your help. 

Disclaimer: The opinions or advice listed in this blog or website should be used as a place to start only. It is not a substitute for the use of a professional.

 Please be sure to consult your attorney, accountant, and/or other professionals with any specific questions. There is no one right answer to any business question that will cover all circumstances.

Notice: This post may  contain affiliate links. If you click a link and make a purchase, we may financially benefit from your transaction. Thank you for your support!

Guest Post: 3 Steps To Properly Insure Your Small Business In A Natural Disaster

Notice: This post may  contain affiliate links. If you click a link and make a purchase, we may financially benefit from your transaction. Thank you for your support!
The following is a guest post.  This post does not necessarily reflect the views of Suzanne and David E. McClendon, Sr. or Manian Debil Productions.

3 Steps To Properly Insure Your

Small Business In A Natural Disaster

The recent spate of natural disasters that devastated parts of North America included a violent variety of events. There were three major hurricanes – Harvey, Irma and Maria – wildfires in Northern California, an earthquake in Mexico and tornadoes in Oklahoma.

One thing these calamities had in common: They inflicted billions of dollars in property damage and adversely affected many small businesses. History portends that many of those operations won’t completely recover – ever.

Almost 40 percent of small businesses don’t reopen after a disaster because the cost of recovery is so high, according to the Federal Emergency Management Agency. One of the major reasons is that the businesses didn’t have sufficient insurance.   

“Many small business owners will face additional losses due to these disasters, some of which may not be as obvious as flood or wind-damage claims,” says Peter J. Strauss (www.peterjstrauss.com), an attorney, captive insurance manager and author of The Business Owner’s Definitive Guide to Captive Insurance Companies.

“While utilizing the commercial market for major lines of coverage – property, general liability, etc. – is crucial for major events like a hurricane or tornado, it is very likely that not all the losses your small business could suffer will be covered.

“It’s a big blow – often a terrible surprise. So as a business owner, it’s critical that you know you’re completely covered. If you’re unsure, a little homework is necessary.”

Strauss gives three steps small business owners should take to be properly insured in a disaster:

• Weigh the worst-case scenarios. A natural disaster can affect a small business in many ways so the owner needs to schedule a complete risk assessment and consider every aspect of potential damage when seeking an insurance policy. “Things like costs incurred by the property while the business is closed; extra expenses for moving to a temporary location; loss of customers and loss of employees because their home was badly damaged and relocating is the only feasible option for them,” Strauss says. “There are a multitude of scenarios that could occur, and as the business owner you really can’t afford to leave anything exposed.”

• Don’t roll the DICE. Strauss references the insurance acronym DICE as a checklist for analyzing your policy. DICE includes the Declarations page, the Insuring agreement, Conditions, and Exclusions. “The business owner should read the policy thoroughly or go one step further and have an expert review the policy,” Strauss says. “The Declarations page is as far as most people will read. But when you dig into the Insuring agreement and beyond, that is where you will find the real meat of what is actually covered. Pay attention to key words and phrases and research the terms.”

• Consider insurance alternatives. Some small business owners shopping the commercial insurance market find that the coverage is too restrictive or expensive for their kind of business. One of the best options available is to form a captive insurance company, or more commonly called a ‘Captive.’ “A Captive is an insurance company that their business owns and controls. Not only does a Captive help control the cost of premiums, because the business determines the risks it is going to insure, but there can also be significant financial advantages,” Strauss says.

“The commercial insurance market can be a sticky wicket,” Strauss says. “We make the conscious choice to spend money on various insurance policies versus sweating the odds of not being covered in an emergency. But what if the real gamble was buying the insurance in the first place?”

About Peter J. Strauss

Peter J. Strauss (www.peterjstrauss.com) is an attorney, captive insurance manager and author of several books, including most recently The Business Owner’s Definitive Guide to Captive Insurance Companies. He is the founder and managing member of The Strauss Law Firm, LLC, on Hilton Head Island, S.C, and also the founder and CEO of Hamilton Captive Management, LLC. A graduate of the New England School of Law, he holds an LL.M. in estate planning from the University of Miami and speaks regularly at public seminars.

If you would like for me to pray for you, please drop me an e-mail by clicking prayer.

Please Visit My Child Bride Suzanne's Blog

I respond to all approved comments on this blog, ideally within 24 hours.  Please check back here for a response to your comment.  Thank you!

Please be advised that all the information in this course is provided to educate, enlighten, and broaden your views in life.  The information provided is not a substitute for medical, legal, dietary, financial/accounting, or religious professionals.   Always consult a professional before you act on any of the information you find in this course. 

Do you have a frugal recipe?  Please e-mail it to me.
Help us reach 1,000 YouTube subscribers. Please watch some of our videos. If you like them, please subscribe. Also, please share our YouTube information with your friends.  We thank you so much for all your help. 

Disclaimer: The opinions or advice listed in this blog or website should be used as a place to start only. It is not a substitute for the use of a professional.

 Please be sure to consult your attorney, accountant, and/or other professionals with any specific questions. There is no one right answer to any business question that will cover all circumstances.

Notice: This post may  contain affiliate links. If you click a link and make a purchase, we may financially benefit from your transaction. Thank you for your support!