At Wealth and Wisdom we are always on the lookout for topics that interest our readers. This week we review the book Bailout Riches by Bill Bartmann.

Bailout Riches is a how to guide for making money with the new government bailouts such as the Tarp or RTC. Two decades ago (during the last bailout) he went from being deeply in debt to becoming a billionaire by buying bad loans for pennies on the dollar. He would buy the bad debt for say 2 cents on the dollar and work to recover 6 cents on the dollar. In the book he lays out the entire plan from obtaining the bad debt to the collection process. This is not a get rich quick book! The process he explains will take a good deal of time and effort but it made him a billionaire.

Mr. Bartmann’s business system will not suit everyone but he is living proof it can be done. He points out this opportunity will only be around for a few years while the banks and government work through all this bad debt. If you are looking to make some money off all these government bailouts time is of the essence - you need to act now! Bailout Riches will give you a blueprint for one route to take to make some money from the current economic situation.

I’m sure there will be other opportunities that come up from the government bailouts. We will cover them as they arise.

Bailout Riches!: How Everyday Investors Can Make a Fortune Buying Bad Loans for Pennies on the Dollar

You’ve finally decided to take the plunge and go out on your own. You have a business plan and the savings in place to pay the bills until your business takes off. The first customer is already lined up.

Ok, you are a bit nervous. The usual questions pop into your head. Will I find enough business to support my family? What if the economy heads south? Will I be able to compete with the big boys?

And your spouse asks the big question…”What about insurance.” No problem you think. Then you start getting quotes. Oh my gosh! I only pay $250 a month now. How could it jump to over $1000?

What do I do now?

One of the scary parts of taking the leap and becoming self-employed is health insurance. The typical single policy costs $4,479 while the average family policy costs $12,106 ¹. It is not surprising that this is a major concern for most entrepreneurs.

Several years ago the US government responded to the rising health care costs by creating the Health Savings Account (HSA). It was designed to help people manager their health care costs by giving them control over where their health care dollars are spent.

It essentially applies capitalism to our healthcare system.

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1: 2007 survey conducted by the Kaiser Family Foundations and the Health Research and Educational Trust.