Kimberly Cope

Misleading Information

Revisado: 10-30-07

Although there are a few pieces of valuable information in this audio program, most of the author's advice is inaccurate based on my personal experience. For example, he warns that purchasing a condo or townhouse is a big mistake and that you will almost certainly lose money when you choose to sell. That's just downright wrong. I purchased a townhouse style condominium eleven years ago and sold it recently (even in this down market) realizing a substantial gain of 275%. He also says that divorcees and retirees are the only people who purchase such properties. Not true. The person who purchased my unit is a professional at a nearby fortune 500 company. In dicussing whether college is a wise decision as compared to simply entering the job market straight out of high school, he recommends the later. He uses the fact that the individual would have a four-year head start on the college graduate to begin saving as the prime advantage. But in another breath, he also notes the SUBSTANTIAL difference in their earning potential (the college graduate making three to four times what the high school grad does). What he fails to take into account is that the college graduate's substantially higher income would also allow him MUCH MORE freedom and opportunity to invest in other areas that the high school graduate won't even be able to consider. This is only the tip of the iceburg lettuce. I'm not sure where the author lives or what his financial circumstance is, but, it seems as though he's intent on providing inaccurate information in order to watch people fail while practicing his "rules." Use your intelligence here and weigh the information carefully! I believe next time I'll check out what Suze has to say.

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