Carling D. Colbert

Self-Made Carling D. Colbert

Self-Made: How to Win by Investing in Yourself is a great book that provides multiple ways you can generate cash flow that will fund your IRA account or your life, if you choose to not use an IRA. This book is broken down into five individual chapters that help you get an understanding of finance and financial products in the market.

Chapter One is dedicated to giving you a basic understanding of the principles of finance. These five principles are like a guide to the rest of the book and open your eyes to being a boss instead of a consumer.

Chapter Two goes into the players in the financial markets who either provide financing or make the markets. You get to see the big institutional players such as insurance companies, banks, and others that are involved on Wall Street and Main Street.

Chapter Three starts the meat and potatoes portion of the book, where you are introduced to the self-directed IRA and how you can benefit from converting to one. I give you information on the difference between a traditional IRA, Roth IRA, and one where you control what you purchase (self-directed IRA). This chapter is the whole basis for the rest of the book.

Chapter Four is all about various products and ways you can generate cash flow for your account or yourself, if you choose. I go over various ways you can get into real estate, products such as annuities, insurance, life settlements, and so much more. This chapter is about creating a long-term strategy and describes some short-term products with varying risks; it is also the longest portion of the book as it's about chess, not checkers.

Chapter Five ends with ways you can protect your newfound wealth and pass it on if you're looking to create generational wealth. I give you information in creating trusts, having insurance, and even ways to keep your ex from getting a check if you're divorced. All of the other chapters in this book are packed with great information for anyone seeking to get out of the rat-race, and I suggest you read and tell a friend to tell a friend.