skip to content
Pound foolish : exposing the dark side of the personal finance industry Preview this item
ClosePreview this item
Checking...

Pound foolish : exposing the dark side of the personal finance industry

Author: Helaine Olen
Publisher: New York : Portfolio/Penguin, 2013.
Edition/Format:   Book : EnglishView all editions and formats
Database:WorldCat
Summary:
Describes how a financial column assignment revealed to the author the unethical machinations of the multi-billion-dollar personal finance industry and its false promises of quick and easy wealth, explaining how everyday investors are routinely misled by self-proclaimed money experts who exploit clients to increase their own wealth.
Rating:

(not yet rated) 0 with reviews - Be the first.

Subjects
More like this

 

Find a copy in the library

&AllPage.SpinnerRetrieving; Finding libraries that hold this item...

Details

Document Type: Book
All Authors / Contributors: Helaine Olen
ISBN: 9781591844891 1591844894
OCLC Number: 809989018
Description: x, 292 pages ; 24 cm
Contents: What hath Sylvia wrought? --
The Tao of Suze --
The latte is a lie --
Slip slidin' away --
The road to Pas Tina --
I've got the horse right here --
An empire of her own --
Who wants to be a real estate millionaire? --
Elmo is b(r)ought to you by the letter P --
We need to talk about our money.
Responsibility: Helaine Olen.

Abstract:

Describes how a financial column assignment revealed to the author the unethical machinations of the multi-billion-dollar personal finance industry and its false promises of quick and easy wealth, explaining how everyday investors are routinely misled by self-proclaimed money experts who exploit clients to increase their own wealth.

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 int 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 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, disciplined investing will make you rich, women need extra help managing money, and financial literacy classes will prevent future economic crises. 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.

Reviews

User-contributed reviews
Retrieving GoodReads reviews...
Retrieving DOGObooks reviews...

Tags

All user tags (1)

View most popular tags as: tag list | tag cloud

Confirm this request

You may have already requested this item. Please select Ok if you would like to proceed with this request anyway.

Linked Data


<http://www.worldcat.org/oclc/809989018>
library:oclcnum"809989018"
library:placeOfPublication
library:placeOfPublication
rdf:typeschema:Book
schema:about
schema:about
schema:about
schema:about
schema:about
schema:about
schema:about
schema:about
schema:about
schema:about
schema:about
schema:creator
schema:datePublished"2013"
schema:description"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 int 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 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, disciplined investing will make you rich, women need extra help managing money, and financial literacy classes will prevent future economic crises. 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."@en
schema:description"Describes how a financial column assignment revealed to the author the unethical machinations of the multi-billion-dollar personal finance industry and its false promises of quick and easy wealth, explaining how everyday investors are routinely misled by self-proclaimed money experts who exploit clients to increase their own wealth."@en
schema:description"What hath Sylvia wrought? -- The Tao of Suze -- The latte is a lie -- Slip slidin' away -- The road to Pas Tina -- I've got the horse right here -- An empire of her own -- Who wants to be a real estate millionaire? -- Elmo is b(r)ought to you by the letter P -- We need to talk about our money."@en
schema:exampleOfWork<http://worldcat.org/entity/work/id/1106523546>
schema:inLanguage"en"
schema:name"Pound foolish : exposing the dark side of the personal finance industry"@en
schema:publication
schema:publisher
schema:workExample
wdrs:describedby

Content-negotiable representations

Close Window

Please sign in to WorldCat 

Don't have an account? You can easily create a free account.