Pound Foolish
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Author | : Helaine Olen |
Publisher | : Penguin |
Total Pages | : 306 |
Release | : 2013-12-31 |
Genre | : Business & Economics |
ISBN | : 159184679X |
If you’ve ever bought a personal finance book, watched a TV show about stock picking, listened to a radio show about getting out of debt, or attended a seminar to help you plan for your retirement, you’ve probably heard some version of these quotes: “What’s keeping you from being rich? In most cases, it is simply a lack of belief.” —SUZE ORMAN, The Courage to Be Rich “Are you latte-ing away your financial future?” —DAVID BACH, Smart Women Finish Rich “I know you’re capable of picking winning stocks and holding on to them.” —JIM CRAMER, Mad Money They’re common refrains among personal finance gurus. There’s just one problem: those and many similar statements are false. For the past few decades, Americans have spent billions of dollars on personal finance products. As salaries have stagnated and companies have cut back on benefits, we’ve taken matters into our own hands, embracing the can-do attitude that if we’re smart enough, we can overcome even daunting financial obstacles. But that’s not true. In this meticulously reported and shocking book, journalist and former financial columnist Helaine Olen goes behind the curtain of the personal finance industry to expose the myths, contradictions, and outright lies it has perpetuated. She shows how an industry that started as a response to the Great Depression morphed into a behemoth that thrives by selling us products and services that offer little if any help. Olen calls out some of the biggest names in the business, revealing how even the most respected gurus have engaged in dubious, even deceitful, practices—from accepting payments from banks and corporations in exchange for promoting certain products to blaming the victims of economic catastrophe for their own financial misfortune. Pound Foolish also disproves many myths about spending and saving, including: Small pleasures can bankrupt you: Gurus popularized the idea that cutting out lattes and other small expenditures could make us millionaires. But reducing our caffeine consumption will not offset our biggest expenses: housing, education, health care, and retirement. Disciplined investing will make you rich: Gurus also love to show how steady investing can turn modest savings into a huge nest egg at retirement. But these calculations assume a healthy market and a lifetime without any setbacks—two conditions that have no connection to the real world. Women need extra help managing money: Product pushers often target women, whose alleged financial ignorance supposedly leaves them especially at risk. In reality, women and men are both terrible at handling finances. Financial literacy classes will prevent future economic crises: Experts like to claim mandatory sessions on personal finance in school will cure many of our money ills. Not only is there little evidence this is true, the entire movement is largely funded and promoted by the financial services sector. Weaving together original reporting, interviews with experts, and studies from disciplines ranging from behavioral economics to retirement planning,Pound Foolish is a compassionate and compelling book that will change the way we think and talk about our money.
Author | : Helaine Olen |
Publisher | : Penguin |
Total Pages | : 163 |
Release | : 2016-01-05 |
Genre | : Business & Economics |
ISBN | : 0698186656 |
“The newbie investor will not find a better guide to personal finance.” —Burton Malkiel, author of A RANDOM WALK DOWN WALL STREET TV analysts and money managers would have you believe your finances are enormously complicated, and if you don’t follow their guidance, you’ll end up in the poorhouse. They’re wrong. When University of Chicago professor Harold Pollack interviewed Helaine Olen, an award-winning financial journalist and the author of the bestselling Pound Foolish, he made an offhand suggestion: everything you need to know about managing your money could fit on an index card. To prove his point, he grabbed a 4" x 6" card, scribbled down a list of rules, and posted a picture of the card online. The post went viral. Now, Pollack teams up with Olen to explain why the ten simple rules of the index card outperform more complicated financial strategies. Inside is an easy-to-follow action plan that works in good times and bad, giving you the tools, knowledge, and confidence to seize control of your financial life.
Author | : Robert T. Eberwein |
Publisher | : Rutgers University Press |
Total Pages | : 313 |
Release | : 2010 |
Genre | : Biography & Autobiography |
ISBN | : 0813547598 |
The book focuses on the way various film icons engaged in and defined some major issues of cultural and social concern to America during the 1980s.
Author | : Mercedes Lackey |
Publisher | : LUNA |
Total Pages | : 396 |
Release | : 2008-04-01 |
Genre | : Fiction |
ISBN | : 1426814828 |
The seventh daughter of the Sea King, Ekaterina is more than a pampered princess-she's also the family spy. Which makes her the perfect emissary to check out interesting happenings in the neighboring kingdom…and nothing interests her more than Sasha, the seventh son of the king of Belrus. Ekaterina suspects he's far from the fool people think him. But before she can find out what lies beneath his facade, she is kidnapped! Trapped in a castle at the mercy of a possessive Jinn, Ekaterina knows her chances of being found are slim. Now fortune, a fool and a paper bird are the only things she can count on-along with her own clever mind and intrepid heart.…
Author | : Thomas J. Stanley |
Publisher | : John Wiley & Sons |
Total Pages | : 295 |
Release | : 2011-07-12 |
Genre | : Business & Economics |
ISBN | : 1118011570 |
The bestselling author of The Millionaire Next Door reveals easy ways to build real wealth With well over two million of his books sold, and huge praise from many media outlets, Dr. Thomas J. Stanley is a recognized and highly respected authority on how the wealthy act and think. Now, in Stop Acting Rich ? and Start Living Like a Millionaire, he details how the less affluent have fallen into the elite luxury brand trap that keeps them from acquiring wealth and details how to get out of it by emulating the working rich as opposed to the super elite. Puts wealth in perspective and shows you how to live rich without spending more Details why we spend lavishly and how to stop this destructive cycle Discusses how being "rich" means more than just big houses and luxury cars A defensive strategy for tough times, Stop Acting Rich shows readers how to live a rich, happy life through accumulating more wealth and using it to achieve the type of financial freedom that will create true happiness and fulfillment.
Author | : Richard Vague |
Publisher | : University of Pennsylvania Press |
Total Pages | : 101 |
Release | : 2014-07-09 |
Genre | : Political Science |
ISBN | : 0812291107 |
Current debates about economic crises typically focus on the role that public debt and debt-fueled public spending play in economic growth. This illuminating and provocative work shows that it is the rapid expansion of private rather than public debt that constrains growth and sparks economic calamities like the financial crisis of 2008. Relying on the findings of a team of economists, credit expert Richard Vague argues that the Great Depression of the 1930s, the economic collapse of the past decade, and many other sharp downturns around the world were all preceded by a spike in privately held debt. Vague presents an algorithm for predicting crises and argues that China may soon face disaster. Since American debt levels have not declined significantly since 2008, Vague believes that economic growth in the United States will suffer unless banks embrace a policy of debt restructuring. All informed citizens, but especially those interested in economic policy and history, will want to contend with Vague's distressing arguments and evidence.
Author | : Wisconsin Dairymen's Association |
Publisher | : |
Total Pages | : 566 |
Release | : 1878 |
Genre | : Dairying |
ISBN | : |
Author | : Wisconsin Dairymen's Association |
Publisher | : |
Total Pages | : 328 |
Release | : 1878 |
Genre | : Dairying |
ISBN | : |
Author | : |
Publisher | : |
Total Pages | : 644 |
Release | : 1917 |
Genre | : Baking |
ISBN | : |
Author | : United States. Congress. Senate. Committee on Armed Services |
Publisher | : |
Total Pages | : 1882 |
Release | : 1973 |
Genre | : Legislative hearings |
ISBN | : |