The RRSP Secret: Defend and Build Your Wealth with This Powerful Investment Strategy

by Greg Habstritt

If you're a Canadian investor who's feeling ripped off lately, you're not alone. Canadians pay the highest fees in the world when it comes to investments in RRSPs and other registered accounts. Is this just because Canadians are foolish, or is there something more sinister at work? Now, and for the first time, The RRSP Secret reveals many of the financial industry's most closely guarded secrets - providing the individual investor an unprecedented view into how the financial system negatively impacts the financial freedom of most Canadians. More importantly, the book outlines specifically how to defend your wealth and use a little-known strategy to create double-digit returns - the same way the banks do. You'll never hear a bank manager or financial advisor tell you about this secret strategy, and you won't read about it in the newspaper. Why? Because they'd rather continue selling you underperforming investments that increase their profits instead of making you wealthy. The financial industry is a massive marketing machine that isn't designed to make you money, and the only way you'll become financially free is if you take control of your financial future - and this is your opportunity. In The RRSP Secret , Greg Habstritt teaches you how to use the money in your RRSP, TFSA and other registered savings accounts to invest in one of the most reliable and secure investments available to you - and it's exactly the same strategy that the banks use to create profits themselves. You'll finally be empowered to turn the tables on the financial industry, and beat them at their own game. You'll learn how to invest for double-digit returns without having to take massive risks, or pay hidden fees and commissions. Stop being taken advantage of, and start making better decisions with your money. Your financial future starts now!   " Greg Habstritt is a multi-millionaire who can show you exactly how to build massive wealth by using cutting-edge strategies and a formula for predicting markets. I teach people to learn from the best, and there's no one better than Greg!" ~ T. Harv Eker, Author of the #1 New York Times bestseller Secrets of the Millionaire Mind   "I have known Greg Habstritt for several years and have always appreciated his integrity, honest approach, and willingness to ‘tell it like it is.' The concepts you'll read about have been used by wealthy Canadians for decades and now, for the first time, they're being shared in a very straightforward, step-by-step guide." ~ Don R. Campbell, President of the Real Estate Investing Network and bestselling author of Real Estate Investing In Canada 2.0   "If you need street-smart skills on how to make millions in real estate like the pros do, then stop looking! Greg Habstritt teaches his secrets on how to build massive wealth through real estate investing. Greg teaches what he does and what works, and you can take that to the bank." ~ Keith J. Cunningham, Master Teacher of Business, Keys to the Vault Business School for Entrepreneurs

256 pages, Hardcover

First published April 16, 2010

Reviews

[Karmen · Rating 3 out of 5]

Interesting concept if you want to diversify your portfolio, particularly in self-directed RRSPs. However, in today's market you can easily get the same return ( 12-14%) with other type of investments, without going through the pain of finding potential clients who might need a high - interest loan from you.

[Audie Wynen · Rating 5 out of 5]

This is a great book to understand the world of RRSP investing in Real Estate. I will be using this book a resource over and over again. This is how you can truly make consistent returns in registered accounts! It beats mutual funds short and long term. Thanks for sharing this information, Greg.

[Gagandeep Singh · Rating 4 out of 5]

Interesting ideas on using RRSP (Retirement saving money) and how to invest take advantage of it in different areas. It is specific to Canadian RRSP but I am sure applicable to other countries as long as the policies are similar.

[Andrew · Rating 4 out of 5]

More about using your capital to finance (second) mortgages than something specific to RRSPs. The title stems from the fact that most people don't realize you can also use your registered accounts for this purpose. Good book, informative.

[Joe Nour · Rating 5 out of 5]

Very insightful book on how to leverage your RRSP to make private mortgage lending and this increase your ROI.

[Holly · Rating 2 out of 5]

The strategy is interesting and I'm glad to know about it for future possibilities. He explains it well. My two big beefs with this book that reduced my rating:
1) it's highly repetitive. I frequently felt I was reading the same sentences over and over again. And yet somehow he manages to still contradict himself repeatedly. For example, in one breath he's saying not to trust banks with their early repayment penalties, and in the next breath he's advising readers to institute their own repayment penalties.
2) You can basically skip the entire first part of the book which talks nothing about his strategy and simply slags on the financial industry, advisors, and traditional RRSP strategies. It felt like he had to set up discontent with traditional ways in order to get you to be open to his unusual strategy. Can't it stand on its own without trashing an entire industry and all the advisors first? In addition, a lot of the fault he finds with the system is misinformed and blatantly incorrect. It simply speaks to the fact that he's not a financial professional himself and seems to get his info from popular media rather than actual industry professionals. He should have just kept to his own strategy, which he knows, and skipped the part where he trashes what other people are doing.
Even so, I'm glad I happened upon it because I wasn't familiar with the strategy.

[Tyler · Rating 2 out of 5]

Essentially a book on hard money lending in real estate (using your RRSP to provide arm's length mortgages).

[Dave Pereira · Rating 5 out of 5]

I learned a lot from this book and highly recommend it to my Canadian friends. Now, if only his website worked.