Do you have a “friend” who is super smart, has a great career, holds a graduate degree, has even saved a chunk of money for retirement, but who keeps making the same dumb mistakes when it comes to money? Is this “friend” you?
After decades working as a Wall Street trader, investment advisor, and money expert for CBS, Jill Schlesinger reveals thirteen costly mistakes you’re probably making right now with your money, without even knowing it. Drawing on heartfelt personal stories (yes, money experts screw up, too), Schlesinger argues that it’s not lack of smarts that causes even the brightest, most accomplished people among us to behave like financial dumb-asses, but simple emotional blind spots. By breaking bad habits and following her practical and accessible rules for managing your finances, you can save tens, even hundreds of thousands of dollars, not to mention countless sleepless nights. The Dumb Things Smart People Do with Their Money tells you what you really need to hear about investing, retirement, college financing, insurance, real estate, and more. It might be the smartest investment you make all year.
|Publisher:||Random House Publishing Group|
|Product dimensions:||6.00(w) x 9.30(h) x 1.00(d)|
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DUMB THING #1
Excerpted from "The Dumb Things Smart People Do with Their Money"
Copyright © 2019 Jill Schlesinger.
Excerpted by permission of Random House Publishing Group.
All rights reserved. No part of this excerpt may be reproduced or reprinted without permission in writing from the publisher.
Excerpts are provided by Dial-A-Book Inc. solely for the personal use of visitors to this web site.
Table of Contents
Author's note ix
Dumb Thing #1 You Buy Financial Products That You Don't Understand 3
Dumb Thing #2 You Take Financial Advice from the Wrong People 21
Dumb Thing #3 You Make Money More Important Than It is 39
Dumb Thing #4 You Take On Too Much College Debt 58
Dumb Thing #5 You Buy a House When You Should Rent 80
Dumb Thing #6 You Take On Too Much Risk 96
Dumb Thing #7 You Fail to Protect Your Identity 112
Dumb Thing #8 You Indulge Yourself Too Much During Your Early Retirement Years 125
Dumb Thing #9 You Saddle Your Kids with Your Own Money Issues 146
Dumb Thing #10 You Don't Plan for the Care of Your Aging Parents 163
Dumb Thing #11 You Buy the Wrong Kinds of Insurance, or None at All 182
Dumb Thing #12 You Don't Have a Will 199
Dumb Thing #13 You Try to "Time" the Market 217
Appendix: Thirteen Smart Things Smart People Should Do 233
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