| |
THE MILLIONAIRE'S
FAVORITE AUTHOR
You Won't Find W.G.
Hill On Any Best Seller Lists,
But It's Hard To Find
A Millionaire Who Hasn't Read
Most Of His $100
"Special Reports".
Hill's
Low Profile -- The name W.G. Hill isn't
bandied around much in the book-publishing world.
No literary society has ever discussed any of the
two dozen or so volumes this author has produced.
But over the last thirty years, in the world of
bankers, accountants, high net worth investors
and financiers with offshore interests, Hill has
been a seminal influence.
His most famous book is P.T., or "Perpetual
Tourist." Though this title might convey the
idea that it's a book about traveling, it isn't.
The subject is, how wealthy people can - with
proper paperwork - enjoy life more. Its "How
to have a good time with your money, but at the
same time avoid unwelcome attentions that
conspicuous consumption and high profile wealth
always bring." These negatives include the
unwelcome intrusions of tax collectors, insurance
salesman, contingent fee plaintiff's lawyers,
alimony seeking ex-wives, kidnappers, burglars.
Not to mention every description of con-man.
Do these matters concern millionaires? Judging
from Hill's book sales, they do, indeed. The
original Hill (who could not be found for an
interview - EW hears he's in Patagonia doing
hands-on research on female female gaucho
wranglers - was back in the 1970's a
self-publisher who advertised his books as
"Special Reports" in the London based
Economist and International Herald Tribune. One
of his early fans was the newsletter guru, Sir
Harry Schultz, who must have made enough
beforehand or sold enough books to live well. Sir
Harry writes in PT, "I spent my first few
years as a tax exile at the Monte Carlo Beach
Hotel, interacting with hard-bodied, high
maintenance cost divorced women who in their
topless bikinis populated Riviera pool sides like
motes in the sunshine."
Hill's books always offered his personal services
to assist any reader to accomplish the goals set
out. For instance, his 1975 Lloyd's Report
promised the reader would "make serious
money without any investment, work or risk."
This was two decades before many Lloyd's names
did in fact suffer substantial losses. But Hill
wrote later, "If people handled their
Lloyd's relationships as I suggested (with stop
loss insurance) they came out way ahead."
Hill charged a hefty fee to introduce new names
and get them into Lloyd's as insurance
underwriters.
Eventually, around 1985 Hill's maneuvers were
picked up and thereafter published by Nicholas
Pine. Pine was then operating as Milestone Press
of Plymouth, England. He was a very minor
publisher of books for collectors of ceramics.
Their typical press run in the pre-Hill days was
a thousand copies. With Hill's books for
millionaires soon selling like hot cakes,
Milestone hit pay dirt. Pine changed his
company's name to Scope International. An
ex-employee revealed that at the time he quit,
sales of well over 100,000 copies of each Hill
book would have been "a low ballpark
figure." With ten books being major sellers
and a direct mail price of £60 / $100 per book,
that means that gross sales of Hill's books
passed the 100 million dollar mark some years
ago. As marketers who sell direct via advertising
and junk-mail that means most revenues go direct
to the bottom line. Although book sales figures
are not available to the public (through
bookstores), this could mean that little known
Scope, by publishing the works of a mystery man
who disappeared ten years ago, is far and away,
the world's most profitable book publisher.
But The Profits Just Start With Book Sales --
Each Hill report describes a certain product or
lifestyle. If the reader wants to make it a
reality, he hires Hill (or more recently a Hill
clone at fees up to $10,000 per consultation) to
get him up and running. Our informant suggests
that twenty per cent of all book buyers sign up
for consulting services. Then there are the
international seminars at $2000, plus residence
and passport programs costing up to $350,000. The
Hill books suggest other ways that millionaires
can enjoy their money more - by spending it with
Scope on "lifestyle enhancing" products
and services.
The basic premise of PT and all of Hill's books,
is that any wealthy person will enjoy life more
and protect his assets better by using what Hill
calls "five flags."
THE FIVE FLAG THEORY
The First
flag for instance, is the Passport of a country
that doesn't try to tax or control you once you
have left. According to Hill, any passport will
serve this purpose except those of the USA. Their
citizens have to renounce and get another one.
Why? The USA is the only country that taxes the
worldwide income of nonresidents. It is also the
only country that polices it's citizens morals
and conduct abroad by making certain conduct of
its citizens outside the country, criminal acts
punishable by jail sentences back home. These
include traveling to forbidden places, paying
minor bribes, or having sex of a forbidden kind.
Each "Flag" of Hill's is supported by
at least one other book. For instance: The
suggestion that every PT should have a suitable
passport, good for visa-free traveling and not
costing the holder a substantial portion of one's
income is supported by Hill's most popular book.
This is the PASSPORT REPORT, a hefty, nearly 400
page reference manual that explores the
opportunities "in over 125 countries and
political subdivisions."
The Second
flag is the Tax Haven Legal Residence -- Every
millionaire needs one, according to Hill. This
concept is followed up by Scope with a large
number of regional reports on such places as
Monaco, Campione, Liechtenstein, The Channel
Islands, Isle of Man, Andorra, Gibraltar,
Switzerland. As there are no taxes in these tax
haven, moving (by eliminating income taxes)
doubles one's income at a stoke.
The third
flag is Playgrounds -- Where can a jaded tycoon
enjoy good climate, gourmet food? Where, if he
desires it, is the companionship of beautiful
young women (temporary wives), thrust upon him?
Who will gladly (and for a small fee) provide him
with the illusion of love, if not the reality.
This aspect of the Millionaire's dilemma was well
covered by Hill's controversial book, Sex Havens
For Tax Fiends. Despite its great popularity,
this report was withdrawn from the publisher's
list two years ago because of legal problems due
to British censorship and obscenity laws.
The fourth
flag is the place Where The Millionaire Invests
His Money -- These are countries and institutions
where funds are placed under management to get
maximum, tax free returns, safety from lawsuits,
government confiscation, wealth taxes and all the
financial problems and other risks. This problem
is solved definitively in the newest 1997
Hill/Trevellian book, The Invisible Investor,
subtitled, "Get Your Money Out of the
Country Before Your Country Gets the Money Out of
You." Here we visit the "offshore"
world and the service providers who swim in it.
Cayman Islands, Panama, Bermuda, Bahamas and
other banking secrecy centers are explored.
The fifth
and last flag is Where To Work, Earn Money And
Have An Active Business -- For USA citizens, one
of several recommended options is to incorporate
abroad, have your headquarters, administrative
and billing done from abroad, but sell your
products worldwide, still paying attention to the
important United States market. ." For
readers who don't have quite enough money to
retire completely, there is another new 1997
report PTO: Portable Trades & Occupations.
The idea here is to describe several dozen ways
that any person can earn "serious
money" in a foreign country - even if
without any residence or work permit. These
methods include promoting events, doing
consulting work, giving seminars, public speaking
and various types of creative work, including
writing and self-publishing. Hill should
certainly know something about that!
DOES HILL EXIST?
There was a
chap, introduced and billed as Hill. who used to
appear at Scope's lectures in various wigs and
disguises. He disappeared from the scene many
years ago. It was variously announced that the
original Hill had died, retired or went low
profile himself in the Far East. The truth seems
to be that there was a falling out with Scope and
Hill just left.
Some Hill books released during the 1990's, are
said not to bear his distinctive humor and
cut-to-the-point style. Scope is mum on the
subject of what happen to the Original Hill, but
they keep reissuing and selling more and more of
his old titles. There are newly revised and
expanded versions appearing every year. All we
know for sure is that the original Hill, if he
ever existed, hasn't done a new book for ten
years.
TREVELLIAN - WORTHY
SUCCESSOR TO HILL?
Lately,
Hill's one time editor and friend, Peter
Trevellian has released under the Trevellian
name, two new titles, PTO and Invisible Investor.
These reports complete the set and round out
Hill's original plan: "To present a coherent
philosophy for productive, successful people,
together with specific, highly detailed plans for
achieving their goals." In doing this,
Scope, Hill and Trevellian have certainly found a
profitable niche for themselves.
(Article by Kini Da Alii, Investigative
Reporter for Expat World Newsletter)
Editor's
Note: We have all the books mentioned in this
article including a package deal on the two new
books mentioned, PTO, and Invisible Investor,
Price for both $165 plus $35 postage, with an
iron clad, money back guarantee of satisfaction.
Don't forget we accept cash, check, money orders,
Visa Credit Card or female sexual favors. All
orders to Expat World, Box 1341 Raffles City,
Singapore 9117.
|