Description: Pound Foolish by Helaine Olen Estimated delivery 3-12 business days Format Paperback Condition Brand New Description 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, weve taken matters into our own hands, embracing the can-do attitude that if were smart enough, we can overcome even daunting financial obstacles. But thats 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, prac-tices--from accepting payments from banks and corporations in exchange for promoting certain prod-ucts to blaming the victims of economic catastrophe for their own financial misfortune.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.If youve 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, youve probably heard some version of these quotes-"Whats 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 youre capable of picking winning stocks and holding on to them." -JIM CRAMER,Mad MoneyTheyre common refrains among personal finance gurus. Theres just one problem- those and many simi-lar 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, weve taken matters into our own hands, embracing the can-do attitude that if were smart enough, we can overcome even daunting financial obstacles. But thats 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, prac-tices-from accepting payments from banks and corporations in exchange for promoting certain prod-ucts to blaming the victims of economic catastrophe for their own financial misfortune.Pound Foolishalso disproves many myths about spending and saving, including-Small pleasures can bankrupt you-Gurus popular-ized the idea that cutting out lattes and other small expenditures could make us millionaires. But reduc-ing 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 han-dling finances.Financial literacy classes will prevent future eco-nomic 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 Foolishis a compassionate and compelling book that will change the way we think and talk about our money. Author Biography HELAINE OLENis a free-lance journalist whose work has appeared inThe New York Times, The Washington Post, Slate, Salon, Forbes, Business-Week,and elsewhere. She wrote and edited the popu-lar Money Makeover series in theLos Angeles Times. She lives in New York City with her family. Follow her on Twitter at @helaineolen. Details ISBN 159184679X ISBN-13 9781591846796 Title Pound Foolish Author Helaine Olen Format Paperback Year 2013 Pages 304 Publisher Penguin Putnam Inc GE_Item_ID:159233158; About Us Grand Eagle Retail is the ideal place for all your shopping needs! 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Price: 18.97 USD
Location: Fairfield, Ohio
End Time: 2024-12-14T03:13:36.000Z
Shipping Cost: 0 USD
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Item Specifics
Restocking Fee: No
Return shipping will be paid by: Buyer
All returns accepted: Returns Accepted
Item must be returned within: 30 Days
Refund will be given as: Money Back
ISBN-13: 9781591846796
Type: NA
Publication Name: NA
Book Title: Pound Foolish : Exposing the Dark Side of the Personal Finance Industry
Number of Pages: 304 Pages
Language: English
Publisher: Penguin Publishing Group
Item Height: 0.6 in
Publication Year: 2013
Topic: Personal Finance / Money Management, Education, Finance / General, Finance / Wealth Management, Industries / Financial Services, Personal Finance / General, Investments & Securities / General
Genre: Business & Economics
Item Weight: 9.8 Oz
Item Length: 8.2 in
Author: Helaine Olen
Item Width: 5.4 in
Format: Trade Paperback
