Die Broke: A Radical 4-Part Personal Finance Plan

by Pollan, Stephen

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Collins, 1-Nov-97. First Edition. Hardcover. Very Good. Moderate shelf wear, small repair & crinkle on back of dj. Aging pages, no writing or marks in text. Amazon: Baby boomers, forget all you've learned from your parents about managing your money, your career, and your life. In Die Broke, Stephan Pollan challenges readers to rethink their notions of workplace, money, retirement, and inheritance. He believes that most of us are rooted in thinking that's out of sync with the realities of today's economy. For example, according to Pollan, the ""job"" is not what it used to be--there's no such thing as corporate loyalty. Making it in today's workplace means putting your own interests first, not your company's. Pollan argues that you should do your best at work, but make sure you're getting the best deal financially. If you're not, then get another job. After all, it's only a job. \n\nDie Broke is organized into two sections: the first lays out the principles for dying broke. Pollan bases his whole argument on these four maxims: quit today and work for yourself, not your company; pay cash, melt your credit cards, and don't even think about using your ATM card; don't retire, retirement is a relatively new concept created during the Depression, instead plan to work all your life, and; die broke, after all, you can't take it with you. \n\nThe second part looks at specific instances of how to put this philosophy into action, covering everything from ""Automated Teller Machines and Cards"" and ""Umbrella Liability Insurance"" to ""Mortgage Loans"" and ""Real Estate Investment Trusts."" The book draws on Pollan's experience as a financial and legal consultant and includes many examples from his own practice. \n\nSome may find Pollan's views extreme. However, if you're starting to think about retirement or are at all worried about your financial future, Die Broke is worth a look. Even if you think you've got it all figured out, this book could change your mind.\n\n-- USA Today\n""Smoothly written...a treasure chest of financial advice."" --This text refers to the \n\n\n\nPaperback\nedition. ISBN: 0887308678.

Book summary

This reference differs from other financial advice books by categorically stating that the conventional wisdom about money is wrong. The author preaches that readers should spend their money during their lifetimes. He includes a comprehensive approach to career planning, saving, investing, buying insurance, making donations, paying for education, providing for parents, children, and spouses, and handling a myriad of other financial details.

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