The financial world we live in is just as wild, if not more, than the mountains and woods we walk through. We are told that the fundamentals of our economy are strong, but we can feel that something is wrong. My unique financial background and survival passion make Financial Survivalist and excellent place to learn and share.

Monday, October 24, 2011

Aftershock by David Wiedemer



Did you lose money with the crash of 2008? These guys didn't. In fact, they probably made millions. They called it 100%. In Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown you will find a non-biased analysis of what caused the crash of '08 and what will cause the next economic meltdown.

This book may not be well received by many professionals, but I believe it is right on. In fact there are thousands of people that profit if this book is ignored. However, those who ignore it will feel pain far worse than when the stock market fell in 2008.

This book is not a "doom and gloom" type of book. In fact, this book gives me hope for the future. The economy will survive, it just needs to change a bit. Unfortunately the change will be so fundamental it will rock the very foundation of economics as we know it.

I've said it before and I'll say it again, if you are prepared you shall not fear. In media today we can see the "doomsdayers" and the "sooth sayers." We can feel that one is closer to the truth than the other. I have a finance background and didn't need the media to tell me that we aren't out of the woods. This book has helped clarify that picture. It has given me an understanding of the economy we live in that nothing else can rival. In fact, I think this is the most needed book to purchase for anyone that is financially aware or concerned.

There is one thing I don't agree with. That is real estate. They say that property values will crash even more as potential buyers begin to disappear due to high interest rates and unemployment. I agree with this. What I don't agree with is their view on rental properties. In fact, they don't approach this subject much at all. I feel that if you can purchase a property in a desirable location, for an incredible value, do so. People will always need a place to live. As Inflation begins to hit you can increase rents and pay off the loan with inflated dollars. Will it be a struggle to keep it rented? Of coarse. But if you are smart and purchase the right property, in the right location, at the right value you will come out owning several properties free and clear in 15 years time.

The key is cash flow. They MUST cash flow and cash flow WELL! This is an absolute must. No exceptions. If you can cash flow a property with a good margin don't buy, or dump it (even at a loss). I agree with everything else they say. I would put cash flowing real-estate in their category of farm land as a business. I know what your thinking. They talked about farming but not rental properties? I know. It doesn't make sense, but what's done is done.

Hands down the best book I have read that can help prepare you and I for the future economy. A must read, and officially the highest rated book of The Financial Survivalist. I give it... *drum roll please*

9.5/10

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