Turned Tax Attorney Writes Book That Your Stock Broker Hopes You
on: December 12, 2007, 10:50 pm
Release Author: James Burns, Esq./ White Diamond Press
Release Summary: Former Bodyguard for the late Doris Duke reveals
3 pilars used to create wealth by banks and self-made billionaires.
(ALISO VIEJO, CA)—James Burns who
was a former bodyguard for the late Doris Duke
is not your average financial planner. An author, attorney and ex-Marine
recon (akin to Navy SEALs), Burns’ approach to retirement
is more like a military campaign.
most financial planners who overly commit to the stock market, Burns’
financial and military training and experience have made him wary
of deploying all of one’s assets to achieve an objective.
Instead, he suggests a three-pronged approach to help assure a profitable
and secure retirement. "It is like ammunition discipline,"
real estate and the stock market so unpredictable and volatile,
investors need a new tactical approach,” says Burns.
“They need harmony in a disharmoniousa world supported
by a combination of forces.”
three prongs of the approach—which Burns refers to as “pillars”—are
leverage, arbitrage and cash
flow. Leverage, the first pillar, means
borrowing money against an investment or asset that you either own
now or will purchase (such as a home, artwork, etc.)
the second pillar, refers to finding investments, such as real estate
or stock that will offer greater returns than the money you borrowed
through leveraging. Every bank uses arbitrage when they loan out
at 18% with your money and return to you 5%.
Cash flow, the third pillar, is the steady income
generated from the investment that you secured through the leverage
and arbitrage pillars—such as rent from tenants in an apartment
complex that you bought.
put, the three-pillar approach works like this: You buy a house
and then borrow money against it to put into another investment
(leverage). The next step is taking the money gained from the first
property and investing it in another house that produces rent (arbitrage).
The last pillar is the steady rental income that comes from this
house (cash flow).
theory, you can accomplish all three parts by purchasing a three-family
home that you can live in while collecting rent from two tenants.
has encapsulated this entire approach in his new book, The 3
Secret Pillars of Wealth: How to Crack your Wealth Code Using the
Tools of the Self-Made Billionaires. He also teaches seminars and
not into this ‘get rich quick’ stuff,”
says Burns. “I don’t like day trading
or most financial help books, and I find most all financial gurus
don’t provide any substance. I have clients come in all the
time without any direction or understanding—often after seeing
a financial planner.”
Details: James Burns, Esq.
18662 MacArthur Blvd.
Fax: (714) 464-4448
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