Pound Foolish

This book PDF is perfect for those who love Business & Economics genre, written by Helaine Olen and published by Penguin which was released on 27 December 2012 with total hardcover pages 304. You could read this book directly on your devices with pdf, epub and kindle format, check detail and related Pound Foolish books below.

Pound Foolish
Author : Helaine Olen
File Size : 50,7 Mb
Publisher : Penguin
Language : English
Release Date : 27 December 2012
ISBN : 9781101575307
Pages : 304 pages
Get Book

Pound Foolish by Helaine Olen Book PDF Summary

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.

Pound Foolish

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

Get Book
The Index Card

“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

Get Book
Stop Acting Rich

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,

Get Book
Penny Wise and Pound Foolish

Download or read online Penny Wise and Pound Foolish written by Frances Elizabeth Georgina Carey BROCK, published by Unknown which was released on 1862. Get Penny Wise and Pound Foolish Books now! Available in PDF, ePub and Kindle.

Get Book
Our Army  or  Penny wise and pound foolish

Download or read online Our Army or Penny wise and pound foolish written by John William Crowe, published by Unknown which was released on 1856. Get Our Army or Penny wise and pound foolish Books now! Available in PDF, ePub and Kindle.

Get Book
The Flip Side

FALL IN LOVE WITH THIS HILARIOUSLY ROMANTIC STORY ABOUT A SECOND CHANCE AT LOVE . . . 'Charming, funny and very relatable!' JOSIE SILVER 'Made me laugh out loud, cry my heart out and put a big grin on my face' 5***** Reader Review 'Utterly adorable and romantic. I feel uplifted!' GIOVANNA

Get Book
Managing Safety

What are accidents? Are they just statistics that your safety department sends to you monthly and which you glance over and ask yourself whether the safety professional you have employed is doing his job right? Aimed primarily at top and middle management, this book adopts the new approach to preventing

Get Book
The Hand Book of Illustrated Proverbs

Download or read online The Hand Book of Illustrated Proverbs written by John Warner Barber, published by Unknown which was released on 1857. Get The Hand Book of Illustrated Proverbs Books now! Available in PDF, ePub and Kindle.

Get Book