Smart is the New Rich: If You Can't Afford It, Put it Down

( 4 )

Overview

The economy today is full of uncertainties. Will it slowly expand? Fall back into a "double-dip" recession? Or worse? One thing is certain-budgeting is back, and smart savers and planners are now taking a new look at their finances. They are discovering old-fashioned ways for getting more out of life by spending less. Smart is the New Rich: If You Can't Afford It, Put It Down shows you how to reboot to a more rational way of thinking, how to reset your goals, and how to repair your balance sheet. This will ...

See more details below
Hardcover
$20.91
BN.com price
(Save 16%)$24.95 List Price
Other sellers (Hardcover)
  • All (42) from $1.99   
  • New (7) from $10.55   
  • Used (35) from $1.99   

Overview

The economy today is full of uncertainties. Will it slowly expand? Fall back into a "double-dip" recession? Or worse? One thing is certain-budgeting is back, and smart savers and planners are now taking a new look at their finances. They are discovering old-fashioned ways for getting more out of life by spending less. Smart is the New Rich: If You Can't Afford It, Put It Down shows you how to reboot to a more rational way of thinking, how to reset your goals, and how to repair your balance sheet. This will position you for whatever comes next and help you build real wealth instead of bubble riches.

Read More Show Less

Product Details

  • ISBN-13: 9780470642061
  • Publisher: Wiley
  • Publication date: 10/12/2010
  • Edition number: 1
  • Pages: 320
  • Sales rank: 458,748
  • Product dimensions: 6.20 (w) x 9.10 (h) x 1.10 (d)

Meet the Author

CHRISTINE ROMANS is the host of CNN’s Your $$$$$, as well as a featured correspondent on the network’s American Morning and CNN International. She is a former correspondent for both Moneyline and Lou Dobbs Tonight, and spent several years reporting from the floor of the New York Stock Exchange. In 2004, she received an Emmy Award for her reporting on Exporting America, a Lou Dobbs Tonight investigation into the impact of globalization on U.S. workers. Prior to joining CNN, Romans reported for Reuters and Knight-Ridder Financial News.

Read More Show Less

Table of Contents

Foreword xiii

Preface xv

Acknowledgments xix

Chapter 1 Reset, Repair, Recover 1

Pop! 2

The Retro Reset 4

Repair the Balance Sheet 5

Recover 8

The Payoff 11

Chapter 2 Spending Your $$$$$ 13

Going Retro 14

Living Beyond Their Means 18

The Value Consumer 19

The Recession-Weary 21

The Conspicuous Consumer 22

A Fool and His Money 22

Be a Good Steward 23

Retro Spending Rules 25

The Payoff 29

Chapter 3 Your Job 31

Turning the Corner 34

Top of Your Game Every Day 36

Take a Pay Cut? 40

Switching Careers 42

Where Are the Jobs? 45

Location, Location, Location 48

Education 49

Good Pay, No Degree 52

Green-Collar Jobs 54

You've Just Lost Your Job 56

You Have a Job-Protect It 65

You Think Layoffs Are Coming 69

The Permalancer 69

Long-Term Unemployed 71

No Job Yet? Write It Off 72

The Payoff 73

Chapter 4 Debt 75

Miracle or Mirage? 77

Sit on an Apple Box 80

Generation Debt 82

Respect Credit, Pay Off Debt 84

The Dreaded Score 86

Student Loans 90

$200 Saved Now or Pay $396 Later 96

Keeping Down College Costs 99

Student Loan Defaults 103

Mortgage Debt 103

Will Borrowing Costs Rise? 105

The Payoff 106

Chapter 5 Credit Cards 107

Credit Card "Rich" 108

New Rules, Rights, and Traps 112

Credit Card Gotchas 113

Debt Free in Three 118

Card Payment Strategies 122

Cutting Up the Cards 123

Debt Revolt 125

Boring Is Better 127

Debtor Beware 129

The Payoff 133

Chapter 6 Home Sweet Home 135

POP! 140

Affordability 143

Mortgage Rate versus Home Price 149

Getting a Loan 151

The Fancy Kitchen Dream 153

Renting 155

Losing a Home 157

The Inevitable Scams 161

The Payoff 162

Chapter 7 Save, Invest, Retire 163

Good Steward 165

The Proverbial Rainy Day 166

Getting Started, Starting Over 169

Finding Your Magic Number 171

Fixing Your 401(k) 175

Sabotaging Your Retirement 176

Stay Focused 178

ETF 180

The Payoff 184

Chapter 8 Family Money 185

Lead by Example 186

Take Out the Trash! 187

Generation Y 194

Paying for College 198

Sandwich Generation 200

Caring for a Parent 203

'Til Debt Do Us Part 206

Breaking Up Is Hard to Do 210

The Payoff 212

Chapter 9 Health Care 213

Reform and You 215

Under 26 Years Old 216

State Health Exchanges 219

CLASS Act 220

FSA Changes 222

Hospital Responsibility 223

Health Care as Livelihood 224

The Payoff 227

Chapter 10 Small Business 229

The Disappearing Banker 231

"I Can Create Jobs!" 233

Social Butterfly 237

Shop Local 240

Cupcake Sisters 242

Yes to Carrots 245

Find the Money 248

The Payoff 252

Chapter 11 Government 253

United States of Bailouts 255

They Got It Wrong 256

Spend, Spend, Spend 262

The Payoff 266

Appendix A Cover Letters: The Good, the Bad, the Ugly 267

Appendix B Web Resources 275

Notes 279

About the Author 287

Index 289

Read More Show Less

Customer Reviews

Average Rating 4
( 4 )
Rating Distribution

5 Star

(2)

4 Star

(1)

3 Star

(0)

2 Star

(1)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously
Sort by: Showing all of 4 Customer Reviews
  • Posted September 11, 2012

    I Also Recommend:

    A new way to "Think" and grow rich. Everyone should re

    A new way to "Think" and grow rich. Everyone should read this book!!! Smart is the New Rich by Christine Romans is undoubtedly one of the best well-written and easy-to-read books on financial matters out there. The author takes you to a familiar disastrous place, the economic situation today. Then she softens the blow by suggesting ways to avoid calamity or climb out from under the clutches of debt. Unlike other "financial freedom" books, you won't find any promise or quick fix to solve any money problems you may have. Instead, she offers sound and realistic advice about being smart about your money and expands her argument using empirical data to supports facts with few instances that lead the reader to believe otherwise. Something to have in mind before reading the book, you won't find any "how to" instructions so don't be too hasty to put the book down fast. What you will find is the concept as it relates to the "how to" manage your finances smartly. Although the book is helpful to all adults, ideally it positions young adults to manage their finances wisely, and thus, inevitably leading to wealth. By the time I finished reading the book, I was all too happy to put down anything I couldn't afford.

    Was this review helpful? Yes  No   Report this review
  • Anonymous

    Posted July 26, 2011

    No text was provided for this review.

  • Anonymous

    Posted June 16, 2011

    No text was provided for this review.

  • Anonymous

    Posted January 1, 2015

    No text was provided for this review.

Sort by: Showing all of 4 Customer Reviews

If you find inappropriate content, please report it to Barnes & Noble
Why is this product inappropriate?
Comments (optional)