With all the financial advice gurus on TV and the Internet these days, how do you know whom to believe? Now comes a book urging caution about everyone from best-selling authors to the sponsors behind financial literacy initiatives.
The book is written by Helaine Olen, who herself writes about money and was a personal finance journalist for the Los Angeles Times. Financial information sold and even given away comes under scrutiny in her book, “Pound Foolish: Exposing the Dark Side of the Personal Finance Industry” (Portfolio, $27.95), which is the first Color of Money Book Club selection for 2013.
Comments
Andrew Tobias hasn't updated "The Only Investment Guide You'll Ever Need" since 1999 so it's dated, but I'd still start with that one. The way he thinks about money is correct. Suze Orman is a joke.
Get educated or try to get a union job, Make as much as you can and spend conservatively. When you have enough to get by, invest.Run your own money because you're investing in what you know and have studied how to do it. Take care of your health. Think it through before getting married (or divorced.)