Pound Foolish: Exposing the Dark Side of the Personal Finance Industry
| Author | : | |
| Rating | : | 4.19 (987 Votes) |
| Asin | : | B00BI6JFJM |
| Format Type | : | |
| Number of Pages | : | 596 Pages |
| Publish Date | : | 2017-09-06 |
| Language | : | English |
DESCRIPTION:
"This is a must read for anyone who is wondering" according to sophie j di nicolo. This is a must read for anyone who is wondering where to put their money in a place that It will grow, and be there for their other years. The stock brokers, and financial advisors have one agenda, and that it is for you to give them your savings to invest in stock accounts,\. I wouldn't advise not to do that unless you learn a litte about this money making system. Number on thing they tell you is give me. You Pretty Much Have to Call This "Penny Wise," Right? The writer of the fine Trekonomics, Manu Saadia, pointed me to Olen’s work in a conversation (you can pick up that name, since I dropped it and am done using it). What this book is is a complete and thorough debunking of your favorite personal finance guru. Most are charlatans, it seems that the real question is to what degree are they charlatans.What I take away is that like some presidential candi. It's a rigged game that will require collective action to set straight Financial journalist Helaine Olen is not very happy with the "personal finance" industry. "Personal finance" in this context includes all those who write (Suze Orman et al), advise (financial planners), entertain (Jim Cramer and his Mad Money screamfest), manage money (Fidelity and all the other fund managers) for individuals, and so forth. The idea is to build wealth for retirement, kids' college, buying
There's just one problem: Those and many similar statements are false. 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. 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. 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 audibook that will change the way we think and talk about our money.. In this meticulously reported and shocking audiobook, journalist and forme