Making Millions for Dummies (ISBN - 0470276746)

388 Pages·2021·5.11 MB·English

Robert Doyen
Money management expert
Meg Schneider
Award-winning journalist

Learn to:
• Achieve and maintain financial freedom

• Manage your investments wisely

• Minimize taxes while making your
money grow

• Avoid common and costly financial
mistakes

Making Millions

Making Everything Easier!™

Open the book and find:

• What you can do to immediately
improve your finances

• The difference between good
and bad debt

• Proven strategies for building
wealth

• How to invest for income or
growth

• Money pitfalls and poor practices
to avoid

• Ways to free up your money and
make it work for you

• A plan for working out finances
with your partner

• Tips for protecting your credit-
worthiness

Robert Doyen is a former Enrolled Agent with the Internal Revenue
Service and former Registered Representative with the Securities and
Exchange Commission. He now manages his seven-figure investment
portfolio. Meg Schneider is an award-winning writer with more than two
decades of experience in television, radio, and print journalism.

$19.99 US / $21.99 CN / £14.99 UK

ISBN 978-0-470-27674-7

Business/Personal Finance/
Money Management

Go to dummies.com
®

for more!

Your practical guide to
taking control of your money
and achieving great wealth

Want to be a millionaire? You can! This no-nonsense guide
shows you how to make your financial dreams come true
with a proven method of saving, smart investing, and solid
moneymaking opportunities. You’ll see how to make wise
financial decisions, minimize taxes, avoid costly mistakes,
and ride out an unstable economy in order to reach your
goals.

• Get your finances in order — understand your relationship with
money and lay the groundwork for setting and meeting your
financial security goals

• Start building wealth today — get rid of bad debt, start and stick
to a savings plan, and maximize your paycheck

• Begin a venture to make your millions — explore proven wealth-
building opportunities, including starting your own business,
coming up with an invention, capitalizing on an inheritance, and
investing in real estate

• Manage your money wisely — know your risk tolerance, get help
from the pros, and minimize your tax liability

• Plan for the unexpected and the inevitable — protect your
assets, plan for your heirs, and keep your finances in good health

• Stay financially secure for the rest of your life — reshape your
attitude toward money and make the right financial security
decisions

Making Millions

Doyen
Schneider

Spine=.768”

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Making Millions

FOR
DUMmIES

‰

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by Robert Doyen and Meg Schneider

Making Millions

FOR
DUMmIES

‰

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Making Millions For Dummies®

Published by
Wiley Publishing, Inc.
111 River St.
Hoboken, NJ 07030-5774
www.wiley.com

Copyright © 2009 by Wiley Publishing, Inc., Indianapolis, Indiana

Published simultaneously in Canada

No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form
or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as
permitted under Sections 107 or 108 of the 1976 United States Copyright Act, without either the prior
written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to
the Copyright Clearance Center, 222 Rosewood Drive, Danvers, MA 01923, 978-750-8400, fax [phone].
Requests to the Publisher for permission should be addressed to the Legal Department, Wiley Publishing,
Inc., 10475 Crosspoint Blvd., Indianapolis, IN 46256, 317-572-3447, fax [phone], or online at http://
www.wiley.com/go/permissions.

Trademarks: Wiley, the Wiley Publishing logo, For Dummies, the Dummies Man logo, A Reference for the
Rest of Us!, The Dummies Way, Dummies Daily, The Fun and Easy Way, Dummies.com, Making Everything
Easier!, and related trade dress are trademarks or registered trademarks of John Wiley & Sons, Inc. and/
or its affi liates in the United States and other countries, and may not be used without written permission.
All other trademarks are the property of their respective owners. Wiley Publishing, Inc., is not associated
with any product or vendor mentioned in this book.

LIMIT OF LIABILITY/DISCLAIMER OF WARRANTY: THE PUBLISHER AND THE AUTHOR MAKE NO
REPRESENTATIONS OR WARRANTIES WITH RESPECT TO THE ACCURACY OR COMPLETENESS OF
THE CONTENTS OF THIS WORK AND SPECIFICALLY DISCLAIM ALL WARRANTIES, INCLUDING WITH-
OUT LIMITATION WARRANTIES OF FITNESS FOR A PARTICULAR PURPOSE. NO WARRANTY MAY BE
CREATED OR EXTENDED BY SALES OR PROMOTIONAL MATERIALS. THE ADVICE AND STRATEGIES
CONTAINED HEREIN MAY NOT BE SUITABLE FOR EVERY SITUATION. THIS WORK IS SOLD WITH THE
UNDERSTANDING THAT THE PUBLISHER IS NOT ENGAGED IN RENDERING LEGAL, ACCOUNTING, OR
OTHER PROFESSIONAL SERVICES. IF PROFESSIONAL ASSISTANCE IS REQUIRED, THE SERVICES OF
A COMPETENT PROFESSIONAL PERSON SHOULD BE SOUGHT. NEITHER THE PUBLISHER NOR THE
AUTHOR SHALL BE LIABLE FOR DAMAGES ARISING HEREFROM. THE FACT THAT AN ORGANIZA-
TION OR WEBSITE IS REFERRED TO IN THIS WORK AS A CITATION AND/OR A POTENTIAL SOURCE
OF FURTHER INFORMATION DOES NOT MEAN THAT THE AUTHOR OR THE PUBLISHER ENDORSES
THE INFORMATION THE ORGANIZATION OR WEBSITE MAY PROVIDE OR RECOMMENDATIONS IT
MAY MAKE. FURTHER, READERS SHOULD BE AWARE THAT INTERNET WEBSITES LISTED IN THIS
WORK MAY HAVE CHANGED OR DISAPPEARED BETWEEN WHEN THIS WORK WAS WRITTEN AND
WHEN IT IS READ.

For general information on our other products and services, please contact our Customer Care
Department within the U.S. at 877-762-2974, outside the U.S. at 317-572-3993, or fax [phone].

For technical support, please visit www.wiley.com/techsupport.

Wiley also publishes its books in a variety of electronic formats. Some content that appears in print may
not be available in electronic books.

Library of Congress Control Number: 2008940662

ISBN: 978-0-470-27674-7

Manufactured in the United States of America

10 9 8 7 6 5 4 3 2 1

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About the Authors

Robert Doyen: Robert Doyen earned his bachelor’s degree in business
administration and accounting from Drake University in the 1960s and
went to work for Bankers Life (now Principal Financial Group) as a pension
administrator. A few years later, he took over and expanded the family farm,
supplementing his agriculture operations with income from his own tax prep-
aration and small-business accounting service.

As part of his self-education in money management and investing over
the past four decades, Doyen became an Enrolled Agent with the Internal
Revenue Service and a Registered Representative with the Securities and
Exchange Commission. Because he is no longer active in either of those roles,
he is free of the restrictions that generally bar active agents and representa-
tives from sharing their knowledge and expertise.

He still owns the expanded family farm in North Central Iowa, but, because
he established and realized his fi nancial goals, he was able to retire from
active farming in 2004. In 2007, he closed his tax and accounting business,
and he now splits his time between Iowa and Arizona, while actively manag-
ing a diverse seven-fi gure investment portfolio.

Meg Schneider: Meg Schneider is an award-winning writer with more than
two decades of experience in television, radio, and print journalism and
public relations. Meg has authored or coauthored several books, including
The Good-for-You Marriage (Adams Media) and COPD For Dummies (Wiley).
Her other book credits include two books for writers and one on New York
State history.

Her journalism honors include awards from the Iowa Associated Press
Managing Editors, Women in Communications, the Maryland-Delaware-D.C.
Press Association, Gannett, the New York State Associated Press, and the
William Randolph Hearst Foundation.

A native of Iowa, Meg now lives in upstate New York with two cats and an
obsessively balanced checkbook.

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Dedication

Robert dedicates this book to his wife, Barbara, without whose encourage-
ment he never would’ve gotten involved in publishing. He also wouldn’t
have gotten involved in the selection of fabric, tableware, bedding, color-
coordinated towels, or appliances, nor would he have planted so many trees
or gotten to know so many delivery people by their fi rst names. She keeps his
life exciting, and he’s never bored (except in a fabric store).

Meg dedicates this book to Dick and Jan Schneider, who exhibited patience
of biblical proportions during her “odyssey years,” when she was fi guring out
(at an agonizingly slow pace) how to manage her own fi nances.

Authors’ Acknowledgments

The authors offer their thanks to the following people:

Our editors, Tracy Boggier and Elizabeth Kuball, two of our very favorite
people to work with.

Our agent, Barb Doyen, for her insight, knowledge, and encouragement.

Mark Dixon, for helping Meg walk the fi ne line between dedication to one’s
craft and irreversible madness.

Mike Elliott, our technical editor, for keeping us on track.

Doug Carson, Cliff Isaacson, Aaron Larson, Joe Vella, and Lance Vella, for
sharing their stories and expertise.

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Publisher’s Acknowledgments

We’re proud of this book; please send us your comments through our Dummies online registration
form located at www.dummies.com/register/.

Some of the people who helped bring this book to market include the following:

Acquisitions, Editorial, and
Media Development

Project Editor: Elizabeth Kuball

Acquisitions Editor: Tracy Boggier

Copy Editor: Elizabeth Kuball

Assistant Editor: Erin Calligan Mooney

Editorial Program Coordinator: Joe Niesen

Technical Editor: Michael J. Elliott

Senior Editorial Manager: Jennifer Ehrlich

Editorial Supervisor and Reprint Editor:
Carmen Krikorian

Editorial Assistants: Jennette ElNaggar,
David Lutton

Cover Photos: © Steve McAlister

Cartoons: Rich Tennant
(www.the5thwave.com)

Composition Services

Project Coordinator: Erin Smith

Layout and Graphics: Reuben W. Davis,
Nikki Gately, Christine Williams

Proofreaders: Dwight Ramsey, Kathy Simpson,
Amanda Steiner

Indexer: Joan Griffi tts

Publishing and Editorial for Consumer Dummies

Diane Graves Steele, Vice President and Publisher, Consumer Dummies

Joyce Pepple, Acquisitions Director, Consumer Dummies

Kristin Ferguson-Wagstaffe, Product Development Director, Consumer Dummies

Ensley Eikenburg, Associate Publisher, Travel

Kelly Regan, Editorial Director, Travel

Publishing for Technology Dummies

Andy Cummings, Vice President and Publisher, Dummies Technology/General User

Composition Services

Gerry Fahey, Vice President of Production Services

Debbie Stailey, Director of Composition Services

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