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

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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; or "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 audio 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 prodƯucts 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 audio book that will change the way we think and talk about our money.
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ISBN:
9781591844891
9781469024073
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Grouping Information

Grouped Work ID 32abb8c2-c598-bec0-5fc5-4268a50237cc
full_title pound foolish exposing the dark side of the personal finance industry
author olen helaine
grouping_category book
lastUpdate 2017-09-08 01:57:44AM

Solr Details

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accelerated_reader_point_value 0
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auth_author2 Landon, Lyn.
author Olen, Helaine.
author2-role Landon, Lyn., hoopla digital.
author_display Olen, Helaine
available_at_catalog Brighton
detailed_location_catalog Brighton - Adult Nonfiction
display_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; or "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 audio 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 prodƯucts 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 audio book that will change the way we think and talk about our money.
format_catalog Book, eAudiobook
format_category_catalog Audio Books, Books, eBook
id 32abb8c2-c598-bec0-5fc5-4268a50237cc
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literary_form Non Fiction
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local_callnumber_catalog BUSINESS P FINAN i
owning_library_catalog All Anythink Libraries
owning_location_catalog Brighton
primary_isbn 9781591844891
publishDate 2012, 2013
record_details hoopla:MWT11217131|eAudiobook|Audio Books|Unabridged.|English|Gildan Audio ,|2013.|1 online resource (1 audio file (540 min.)) : digital., ils:906422|Book|Books||English|Portfolio/Penguin,|2012.|x, 292 p. ; 24 cm.
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subject_facet BUSINESS & ECONOMICS / Investments & Securities / Stocks, BUSINESS & ECONOMICS / Personal Finance / General, Finance, Personal -- United States, Financial planners -- United States, Financial services industry -- United States, Investment advisors -- United States
title_display Pound foolish : exposing the dark side of the personal finance industry
title_full Pound foolish : exposing the dark side of the personal finance industry / Helaine Olen, Pound foolish : exposing the dark side of the personal finance industry [electronic resource] / Helaine Olen
title_short Pound foolish :
title_sub exposing the dark side of the personal finance industry
topic_facet Finance, Personal, Financial planners, Financial services industry, Investment advisors