No matter how you invest, James says the best investment is to invest in yourself. But today he and Claudia cover 401(k)s.

You'll hear Claudia's story about how hers never made her any money.

But James says that's not the "scam." The real problem is that the people who sell these calculate an annualized return and project it out over 30 or 40 years. They show you these compounding growth charts and suddenly, when you're ready to retire, boom, you're rich.

But there are two big problems with those calculations.

First, no one can really tell you what you're going to be earning on these investments and all too often the projections are way too aggressive. And secondly, and this one is really important, they don't tell you about the taxes you're going to have to pay when you want your money back.

And then there are the fees. Everyone has his or her hand in your money getting a piece of your retirement.

The fees will kill you.

Listen here if you're ready to learn how to get rich.

P.S. Hi, James here...

My new book is finally out! It has taken me a year to put together all the skills I think are needed to create abundance in this new economy. I hope you write me with feedback and questions.

Here's what the initial reviews of this book have said:

"James Altucher did it again. I just finished and have to say it was a great read. Great insight into the future of wealth."

"I couldn't wait for this book to come out. It was well worth the wait! Very short and jam-packed with good ideas and advice for the budding entrepreneur. A must read!"

"This is the road map out. Very specific ideas to get you unstuck and to thrive in the 21st century. If you follow the ideas in this book you will receive 1000% or more in return on your investment."

I'm really grateful for the response I've received so quickly. I feel we are quickly building a strong community of people who are deciding to "choose themselves."

If you want to get the book exclusively in hardcover, plus several other special reports and a subscription to my brand-new newsletter, which is the equivalent of two additional chapters every month, claim your copy here.