Suze orman, dave ramsey, robert kiyosaki and david bach are just some of the bestknown personal finance dont get your money advice from suze orman, dave ramsey. Finance stated that a 12% return is unrealistically high. Helanie olen talks about bad advice by suze orman, david bach. According to the motley fool, following ramsey s calculations could cause individuals to be seriously underinvested for retirement. Pound foolish starts by taking a look at the history of personal finance, starting with s. It would be tough to argue that the financial industry has anything but its own selfinterest in mind. Exposing the dark side of the personal finance industry, journalist helaine olen offers a feisty expose of what she calls the personal finance industrial complex and the financial empires it has spawned for such gurus as dave ramsey, suze orman and david bach. Jan 14, 20 suze orman, dave ramsey, robert kiyosaki and david bach are just some of the bestknown personal finance dont get your money advice from suze orman, dave ramsey. Helanie olen talks about bad advice by suze orman, david. Ramsey has offered hope to the struggling masses that they can get out of debt and find their financial footing this i can agree with to an extent. Pound foolish also disproves many myths about spending and saving. Pound foolish does deliver on the promise to show the flaws in the personal finance industry. She goes in depth about ramsey, suze orman and a few others. Apr 21, 2016 helaine olens book pound foolish should be required reading for everyone interested in personal finance and money management.
There was only one thing wrong with the latte factor, writes helaine olen in her forthcoming book, pound foolish. Exposing the dark side of the personal finance industry, she criticizes personal finance gurus like dave ramsey, suze orman, robert kiyosaki and david bach. Exposing the dark side of the personal finance industry is a 2012 book by. Exposing the dark side of the personal finance industry is a 2012 book by helaine olen.
Now, shes calling out some of the personal finance gurus who dispense questionable advice while lining their own pockets with products of dubious financial value. All the rot designed to help you with money from selfhelp to dave ramsey to the. Exposing the dark side of the personal finance industry. Pound foolish author critiques dark side of personal finance. In an interview with the daily ticker, olen says these financial gurus offer either platitudes or dreadful. The book pound foolish by freelance writer helaine olen is one such example.
What does penny wise and pound foolish expression mean. While im not a big fan of some of these personal finance gurus, i do. Financial foolishness pound foolish by helaine olen. Dont get your money advice from suze orman, dave ramsey. According to the motley fool, following ramseys calculations could cause individuals to be seriously underinvested for retirement. Whether you love or hate orman, bach, ramsey or kiyosaki, at least on some level their materials have helped people take action about their finances.
Clear, witty, takes no prisoners, and right as hell. Elizabeth warren wrote a book of personal finance advice. Pound foolish has been getting a lot of media attention in. Note the definition of cynic a person who believes that people are motivated purely by selfinterest rather than acting for honorable or unselfish reasons. Ive been reporting on ramsey on and off since 2010, when i decided to include him in my book pound foolish. Why dumping your coffee habit isnt the best savings plan. One cautionary tale you cant afford not to read the. Jun 10, 20 the book pound foolish by freelance writer helaine olen is one such example. Exposing the dark side of the personal finance industry from booklist the personal finance and investment industry is a juggernaut, a part of both the ascendant financial.
Gurus popularized the idea that cutting out lattes and other small expenditures could make us millionaires. Pound foolish author helaine olen takes on personal finance. Exposing the dark side of the personal finance industry managed to catch my eye. Book takes a look at financial advice gurus the boston globe. Jan 06, 2014 in the end, i found pound foolish to be a cynical view of a corrupt industry. As i mentioned earlier, i only checked the book out from the library because the jacket cover made me upset. Olen cites a source as stating that ramseys organization spends five minutes with the. Oct 24, 2017 helaine opens her book with this quote. 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. In an interview with the daily ticker, olen says these financial gurus offer either platitudes or dreadful advice that dont apply to most peoples lives or situations.
Pound foolish also disproves many myths about spending and saving, including. The book investigates and unearths the skeletons and inconsistencies of each of these gurus. From financial gurus to advisers that recommend complex annuities. If you want to read a very good book about consumer finance and the industry read pound foolish by helaine olen.
She also talks about the issues surrounding financial literacy and the fallacies. Dec 27, 2012 pound foolish also disproves many myths about spending and saving, including. Financial foolishness pound foolish by helaine olen chief. Without having read the book, it sounded like a muckraking survey of the ways that the financial services industry fleeces individuals. Whats clear is that these folk are all salesmen, pushing books, courses, and in suzes case, a debit card that went a long way in tarnishing whatever good reputation she had. Exposing the dark side of the personal finance industry for the past several decades, the personal finance industry has convinced. Although the author makes some good points, theres an unfortunate amount of criticism of famous financial personalities, and discussion about how its impossible to financially get ahead for ordinary people. Aug 02, 2012 pound foolish starts by taking a look at the history of personal finance, starting with s.
You can read the book for similarly shocking stories about dave ramsey. Pound foolish is helaine olens expose of the follies in the personal finance. Mar 12, 20 author, pound foolish helaine olen taught herself the fundamentals of personal finance, and found it not all that difficult. In it olen critiques the industry and the rise of financial gurus. Oct 15, 2016 financial foolishness pound foolish by helaine olen overall, pound foolish is not one of my favorite personal finance books.
Financial information sold and even given away comes under scrutiny in her book, pound foolish. Exposing the dark side of the personal finance industry for the past several decades, the personal finance industry has convinced americans that we are the sole masters of our. Dave ramsey, financial advice, helaine olen, personal finance, personal finance books, pound foolish, pound foolish. 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. A highly readable antidote to the snake oil of the personal finance industry. The tao of suze the latte is a lie slip slidin away the road to pas tina. Exposing the dark side of the personal finance industry, suze orman. Jan 11, 20 helaine olens attack on the personal finance industry, pound foolish, is animated by a nice, original idea, which is that personal finance represents the downside of the empowerment society. Dec 30, 2012 helaine olen, a freelance journalist, offers an exception with pound foolish. If youve read olens book pound foolish, some of this will be familiar to you. Foolish is controversial, as well as insightful, and takes aim at a wide array of targets ranging from suze orman, david bach, and dave ramsey. Suze orman, dave ramsey, jim cramer, david bach, robert kiyosaki and even sesame streets elmo. You can read the book for similarly shocking stories about dave ramsey and rich dad robert kiyosaki, among others.
Money watch helaine olens book, pound foolish, an expose of the personal finance industry, has much to recommend it. Pound foolish affiliate link explains in great detail that there are a lot of people in the financial industry who are not acting in the publics best interest. In this book she discusses the blind faith of many to follow the personal finance advice of popular financial gurus without question. Dave ramsey would like to help get you out of debt but. Pound foolish is a fabulously wellreported, lucid, and witty tour of the train wreck that american finance has become. Porter, a personal finance guru who rose to dizzying heights before falling into obscurity. Exposing the dark side of the personal finance industry at. Pound foolish eyes problems of personal finance advice. Helaine olens book pound foolish should be required reading for everyone interested in personal finance and money management. Our pal helaine olen has a profile of americas biggest financial guru dave ramsey in the new issue of pacific standard.
On the positive side, the book is full of details about the contradictions that the financial gurus make and how their financial numbers often dont add up. Review of pound foolish by helaine olen i have been hearing a lot about pound foolish. If you know anything about media placements, you must realize thats a huge achievement by the. Olen cites a source as stating that ramsey s organization spends five minutes with the provider before approving. What personal finance geek wouldnt want to read a snarky book that promises to bash suze orman, robert kiyosaki, david bach, jim cramer, and dave ramsey. Exposing the dark side of the personal finance industry introduces readers to the hidden subtext of socalled financial gurus i. Exposing the dark side of the personal finance industry, certainly has. Pound foolish author helaine olen takes on personal. The next chapter continues the examination of personal finance gurus by looking after reading dollars and cents, i decided to pick up another book about money. Suze orman, dave ramsey, robert kiyosaki and david bach are just some of the bestknown personal finance dont get your money advice from. Helaine olens attack on the personal finance industry, pound foolish, is animated by a nice, original idea, which is that personal finance represents the downside of the empowerment society.
Olen was interviewed on the daily show, cbs news, cspan, and npr. Helaine olen does a great job of investigative journalism and reveals some interesting facts about financial icons suze orman, jim cramer, and dave ramsey. The personal finance industry that most of us are familiar with markets itself as an understanding and helpful guide in improving the financial well being of clients and customers. But reducing our caffeine consumption will not offset our biggest expenses. The book wouldnt be complete if it werent for a discussion of the rich dad. Exposing the dark side of the personal finance industry quoted in yahoo. Greg critser, author of fat land wow, does personal financial advice need debunking. Financial foolishness pound foolish by helaine olen overall, pound foolish is not one of my favorite personal finance books. Olen has the rare ability to demystify the countless swindles and frauds that lately comprise the basic operations of the investment scene.
The new york times called it a realistic and readable book, noted the inclusion of many womens voices, and the book s criticism of financial gurus. David bach, and dave ramsey, to financial education programs, to the. Exposing the dark side of the personal finance industry olen, helaine on. For all those who are interested, not only did i discuss dave ramsey in my book pound foolish, i also wrote a longer feature about him in pacific standard last year and discussed the 20 things. Review of pound foolish by helaine olen folio investing. That dark secret lies at the heart of pound foolish, helaine olens excellent book. Im not a fan of suze orman, david bach, or dave ramsey. Penny wise and pound foolish idioms by the free dictionary. Definition of penny wise and pound foolish in the idioms dictionary. Author helanie olen has recently released a new book title pound foolish. Jan 15, 20 in pound foolish by helaine olen, you find out that you should take all advice with a grain of salt.
1489 752 729 1186 1401 1400 437 357 1184 1482 282 609 1169 870 1466 14 150 1367 175 553 104 190 343 1323 225 862 186 127 618 904 1237 1072 1053 273 171 574 36 43 469 1371 1137 1321 1222