Cold Hard Truth On Men, Women, and Money: 50 Common Money Mistakes and How to Fix Them Author: Kevin O'Leary | Language: English | ISBN:
1476734429 | Format: EPUB
Cold Hard Truth On Men, Women, and Money: 50 Common Money Mistakes and How to Fix Them Description
From Publishers Weekly
Starred Review. Books on investing usually require a thorough understanding of how the stock market works, and can frustrate or overwhelm the lay reader. Enter O&'Leary (Cold Hard Truth: On Business, Money & Life), a tremendously successful entrepreneur who moonlights as an investor on TV&'s Shark Tank. In his latest book, O&'Leary guides readers through financial decisions big and small, challenging them to understand their relationship with money, and focus on improving that relationship. These changes, according to O&'Leary, will ultimately lead to greater financial stability. The beauty of O&'Leary&'s approach is that it&'s straightforward and addresses the reader&'s changing financial needs at different life stages, from wedding planning and marriage, to buying a new home and having kids, to midlife and retirement. He lists numerous common money mistakes that people make and how to fix them, including: drowning in credit card debt; having no emergency savings; and not knowing where to invest. O&'Leary pays particular attention to raising money-savvy kids and addresses the high cost of higher education and the lower costs of retirement. Full of valuable advice imparted in a no-nonsense manner, this book will have a profound effect on how people relate to and manage their money. Agent: Mel Berger, William Morris Endeavor. (Oct.)
Review
“Stressed out about the grown child who won’t leave your basement? Have family members circling like vultures now that you’re retired and saved your nest egg? Unable to climb out of debt? As if he were the Don Cherry of financial wisdom, O’Leary provides strongly worded, anecdote-driven answers, unafraid of the people he might offend.”
—National Post
“Full of valuable advice imparted in a no-nonsense manner, this book will have a profound effect on how people relate to and manage their money.”
—Publishers Weekly
--This text refers to an out of print or unavailable edition of this title.
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- Hardcover: 272 pages
- Publisher: Gallery Books; Reprint edition (September 17, 2013)
- Language: English
- ISBN-10: 1476734429
- ISBN-13: 978-1476734422
- Product Dimensions: 9.1 x 6.1 x 1 inches
- Shipping Weight: 1 pounds (View shipping rates and policies)
I'll presume that most potential readers of Mr. O'Leary's book are fans of the show Shark Tank, so I'll spare them the introduction of Mr. Wonderful. We all know him as the acerbic, money-oriented, bottom-line investor who can reduce an accomplished entrepreneur to tears in seconds. For that reason, it was fun to see his more human side in this book. He distributes excellent financial and life advice for people of all ages and in differing situations. He explains how to think about money, how to develop good money karma, and how to save on all of life's big events. In his no-nonsense style, he disburses blunt, sometimes controversial advice such as:
* Don't have kids. Ok, you can have them, but really think it through since they're little money spongers and we all know couples who decided they didn't need kids and are happy;
* Consider skipping college and going into a trade like plumbing or electrical. (This tidbit was my favorite.) He administers a short personality test and explains that some people are made for college and some are not. For those who are not, they may find more enjoyment, and yes money, pursuing an internship in an old-fashioned trade. This was a pleasant counter point to the nonstop media barrage that every kid should go to college even if it means taking on back-breaking debt;
* Consider renting, not buying a home;
* Consider living without a car;
* Don't confuse indulgences (such as boats, certain home renovations, vacation houses) with investments.
Much of what he discussed will be familiar to those who enjoy personal finance literature, but Mr. Wonderful delivers with a catchy writing style, a down-to-earth tone, and his famous wit.
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