- Pub. Date:
After decades of modern financial advice, the vast majority of people have not saved much money. Instead, consumer debt is growing while savings and net worth are falling.
No wonder. The incentives are all wrong. Financial writers say that saving money involves the pain of sacrifice, scaling down or clipping coupons. It’s not very appealing, and few people do it.
Saving Money: the Missing Link is not a “how to” book. It contains no tips on being frugal or penny-pinching because that’s not what saving money is about. Instead it shows you what the bankers and coupon clippers have all missed.
You need to work with your desires in order to succeed. It’s easy to change your mind about money, fall in love with saving, and actually grow your wealth.
No financial trickery or special knowledge is needed, so everyone can do it and it is pure joy. The book is super-short, direct and to the point.
You can read a 2 chapter excerpt in The Globe and Mail (March 2012).
Canada's Finance Minister, Jim Flaherty, says:
"Financial Literacy means a great deal to our Government, and I commend you for furthering understanding in this field."
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About the Author
Joe Atikian is the author of 3 books on economics and personal finance. Joe's latest book is published by Palgrave-Macmillan (May 2013) and is suitable both for the general reader and for economists. "Industrial Shift: The Structure of the New World Economy" shows that in the rapidly changing global economy, the popular impression of declining manufacturing and agriculture is largely unfounded. Several charts from the UN and World Bank databases support the analysis, showing that factory output is growing virtually everywhere, but remains hidden by even faster service sector growth. Several surprises are revealed in employment, wages, and regional progress. "Saving Money, The Missing Link", outlines the mindset of a saver as well as the three basic ideas behind your financial power. No tips or tricks here, but a solid foundation based on how to think about this tricky aspect of personal affairs. "Cuba Under Embargo" examines the macroeconomic impact of the US embargo on Cuba. Since the usual types of macro data do not exist in Cuba's case, Joe has compiled a series of alternative indicators to assess the damage. And since there has never been such a study, the results may be surprising. Joe has a background in engineering, an honors degree in economics, and an early retirement.