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A carregar... Pound Foolish: Exposing the Dark Side of the Personal Finance Industrypor Helaine Olen
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Adira ao LibraryThing para descobrir se irá gostar deste livro. Ainda não há conversas na Discussão sobre este livro. For the second time today I’ll remind readers that I received this book as part of a GoodReads drawing. Despite that kind consideration which saved me upwards of $12, I give my candid feedback below. The simple premise of this little treatise is to tear everything you know about finance limb from limb. All the rot designed to help you with money from self-help to Dave Ramsey to the latest stock market guru is nothing but a fraud designed to get you to pay for something. Anybody who claims to know something you don’t is just selling something. There, now I’ve saved YOU $12. In greater seriousness, the author has a point and she very skillfully illuminates it for us. She methodically goes from one financial fad to the next and very neatly deconstructs them. She’s even polite enough to tear everything down and at the end NOT really present us with an answer. There are some liberal leanings in which she suggests that government regulation is the real answer to our problems but even that, she admits, isn’t a panacea. To summarize, since I have little else to say, Pound Foolish happily tells us all what we long ago suspected about the financial services industry. Nobody really knows the answer to how to get rich excepting through an inordinate amount of faith in straight up luck or perhaps getting your own talk show to sell your wares. The book is at times rather ponderous and redundant but ultimately informative with its most important take-away being the attitude of realism which accompanies it rather than any specific detail the author provides. sem críticas | adicionar uma crítica
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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 audiobook, 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. 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 audioook that will change the way we think and talk about our money. Não foram encontradas descrições de bibliotecas. |
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Google Books — A carregar... GénerosSistema Decimal de Melvil (DDC)332.02400973Social sciences Economics Finance Miscellany And Personal Finance Personal FinanceClassificação da Biblioteca do Congresso dos EUA (LCC)AvaliaçãoMédia:
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Decent read on personal finance. A lot of it definitely is a scam and the overall points made about how we should focus more on social safety nets rather than individual responsibility is very true.
I think the main issue with this book is that it feels like since it was published in 2012, discourse online has just accelerated. no one cares that the personal finance industry is disingenuous, it's all guillotine talk. this would be a good book for boomers who still believe in pulling bootstraps ( )