Confessions of a CPA: Why What I Was Taught To Be True Has Turned Out Not To Be

If what you thought to be true turned out not to be, when would you want to know? Obviously right away! This book is a compilation of eight commonly held financial "truths" thatare generally accepted as hallmarks of a sound financial plan. What if theyaren’t true? What impact would relying on something that isn’t true have onyour financial future? For example, we have all accepted the concept of the miracle of compound interest.If the exponential growth potential were the only factor in play - anyonenearing retirement would be wealthy. But there are other factors in play thatare often not accounted for, consequently, none of us are as wealthy as wethought we would be when we were first taught the miracle. Inside, find out the truth behind average rates of return, long term investing,qualified plans, buying term insurance and investing the rest, seeing your homeas an investment, financing large purchases, and asset accumulation in additionto the miracle of compound interest.