First published in 2011 this book continues to be extremely popular. As an easy read, it is a perfect introduction to using whole life insurance as a financial tool.
Prescription for Wealth was written to tell a simply story, of how money came to be and why it is important to learn how to manage it instead of letting others manage it for you.
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eBook and Audio book are available free. You can get a physical paperback copy of this book here
On page 6…You’ll discover the process behind the idea of “your money working for you.”
On page 15…You’ll explore Types of Wealth…there are 4, and only one that you should ever be willing to give up!
On Page 39…Discover a surprising connection between an old coffee can and your finances.
On page 51…Tom shares blueprints that have helped his clients grow wealthier every year.
On Page 61...You'll realize the importance of finding the ‘You are here’ on your financial kiosk.
On page 63… You’ll get a glimpse into the lives of real people and their stories.
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In the forward to the Prescription for Wealth, R. Nelson Nash the author of Becoming Your Own Banker states that the Prescription for Wealth is the “perfect ‘precursor’ to my own book, Becoming Your Own Banker –The Infinite Banking Concept. Before reading my book, one should first read Prescription for Wealth by Dr. Tomas P. McFie!”
The book builds on the idea that everything that one purchases in life has an interest cost associated with it. Either you pay interest to others when you use their money or you lose interest you could have earned had you not spent your own money. The cost of interest is ever present.
Yet when using the cash values of participating whole life insurance there is a way that you can “recover” some of the associated cost of interest in your life and be able to use it for your own purposes. This is what the Prescription for Wealth explains how to accomplish.
Throughout the book the goal remains the same: Stop losing money that you don’t need to lose by becoming the one who finances the things you purchase in life. The more you manage to accomplish this simple endeavor the richer you will become. And you should become rich because you ought to be able to keep more of the money you earn in your life, not less, so that you can accomplish the noble goals you have.
About the Author ~ Dr. Tom McFie
The world is full of people looking to enrich themselves by selling people what they want to hear instead of what they need to hear.
After earning two doctorate degrees, Dr. Tom McFie realizes education is beneficial only if truth is imparted. Truth sets people free. Free to become better and to become more prosperous.
This truth is what invigorated Tom and his wife Michele to open McFie Insurance LLC. Since 2007, they have assisted hundreds of people, families and small business owners, to become better money managers and more prosperous. Using time tested financial tools ignored, ridiculed and overlooked by others, they are widely respected as the couple to work with to become more financially successful.
The McFie’s financial model is well documented and outlined in the books they have published including:
Tom and Michele live in Franklin, Indiana on a small acreage. They are the proud parents of 8 children who work alongside them in serving others to become more successful and more prosperous. When not assisting others you will find them gardening, reading, enjoying the out-of-doors or just relaxing on a warm sunny beach somewhere in the world.
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