10 secret strategies to make you rich in an up or down economy:
Tax liens and deeds
Below-market real estate
Income trusts and master limited partnerships
High-yield stocks (Dividend capture)
Drips
Bonds
Options
Foreign exchange
Selling or brokering cash flow
Passive income strategies:
Vending machines, ATM, timeshares, payday loans store, Internet advertising
The book is nearly useless. None of the strategies are secret as the book references other books and websites for each topic. What youll get out of this book is a chance to waste time, there are detailed sources of information available online, all this book does is provide an introduction to the topic with none of the essential experience or detailed guided plans to executing a strategy, nor are any real-world investment returns presented.
The other flaw with the material is that the projected returns arent enough to fit the claim about becoming rich. The foreign exchange and options intro is extremely limited and not conducive to real-world application. Anyone at any time could make a fortune with enough leverage by gambling. Should I also consider the casino a model for quick riches if I bet US $1,000 to $5,000 on one number in roulette and win $36,000 to $175,000? This tactic alone would produce faster, higher-returns than the book delivers except Im dealing directly with the risk of total loss of capital per event.
The best idea of the book is missed by the author – he discusses a guy who created seatguru.com which was purchased by Tripadvisors for a significant sum of money. Building anything that anyone wants, especially drawing the kind of web traffic that seatguru did is the fundamental way to building wealth in the current marketplace. As long as there is business there is advertising and marketing. Some of the biggest payouts are advertising endorsements. A person now has an immediate distribution channel for a good idea and the marketing of that idea along with a quick way to assess if the market values that particular approach.