Synopses & Reviews
PRAISE FOR Financially Stupid People Are Everywhere
"This book is a blast of cold air that will peel layers of somnambulism from the American consumer psyche. Deftly skewering both right and left political extremists, Kelly provides example after example of why it is high time to stop thinking exploitation of the common consumer (aka, financially stupid people) by 'banksters' and the power elite can ever be brought under control. Instead, he explains how and why our best and only hope is to make sure we're not counted among them."
—RICK MICHALEK, Principal, RJM Consulting; former Senior Credit Officer, Moody's Investors Service
"Jason Kelly helps you see the financial traps and offers solutions to avoid becoming one of the financially challenged of America. This neat little book will help you live debt-free simply by learning three rules to avoid the traps in today's environment."
—CLIFF GIRARD, CEO, Acorn Ventures, Inc.
"My work requires reading a large number of business and financial sources. Jason Kelly teaches me more about the world of business, finance, and markets than any ten other sources combined. Jason is that good. He is an incredible teacher and a gifted writer. This latest book is vintage Kelly."
—PAUL BENTON WEEKS, attorney; investment banker; CIO, Templeton Family Funds
"Jason's book provides the reader with glasses to see the financial, political, and business worlds that conspire to take money out of the pockets of every average Joe. His basic approach to personal financial management should be required reading for every high school student entering the working world for the first time."
—PAUL TARDIF, Vice President, Waters Corporation
"A scorching treatise of financial mismanagement at all levels. Buy two, a personal copy and one for the president!"
—AINSLIE FRENCH, PhD, Research Scientist, Laboratory for Flow Physics, Italy
A hard-hitting look at achieving financial freedom by avoiding excessive borrowing and spending
If you don't actively resist America's culture of debt, you'll end up precisely where the government, banks, and big business want you to be: indentured servitude. The mistakes people make with their money are basic, and avoidable, and unless you understand what they are, you're probably going to repeat them. What you need is someone who can shed light on the obstacles we face and show you how to avoid getting tripped up by them.
Financially Stupid People Are Everywhere shows how society is rigged to take as much of your wealth as possible, and simple ways you can resist. It investigates, explains, and offers advice for all those who have fallen into debt, taken a second mortgage, been trapped by credit cards, or found themselves unable to get ahead.
- Discusses what you can do to stop the destructive cycle of borrowing and spending
- Illustrates the four major tenets of getting money right
- Highlights how to avoid the many ways that government, banks, and big business try to trap you with debt
To secure your financial future, you must break the dangerous cycle of borrowing and spending, and learn how to guard your wealth against corporate ploys. Financially Stupid People Are Everywhere leads you down the only proven path to financial freedom.
If you don't actively resist America's culture of debt, you'll end up precisely where the government, banks, and big business want you to be: indentured servitude. The mistakes people make with their money are basic, and avoidable, but unless you understand what they are, you're probably going to repeat them.
What you need is someone who can shed light on the obstacles you face and show you how to avoid getting tripped up by them. That's why Jason Kelly—bestselling author of the acclaimed Neatest Little Guide series of financial books and Editor of The Kelly Letter—has created Financially Stupid People Are Everywhere.
Written in a straightforward and accessible style, this reliable resource reveals how society is rigged to take as much of your wealth as possible and outlines the simple ways to resist this. It investigates, explains, and offers honest advice for all those who have fallen into debt, taken a second mortgage, been trapped by credit cards, or found themselves unable to get ahead. Page by page, Financially Stupid People Are Everywhere:
Discusses why following the First Rule of Finance—spending no more than 80 percent of your take-home pay—is essential to get you headed in the right direction
Introduces you to the Three Cs—credit cards, cars, and castles—and shows how controlling them can make a significant difference in your financial life
Explores non-financial-sector threats to your wealth and what can be done to protect yourself against them
And much more
To secure your financial future, you must break the dangerous cycle of borrowing and spending, and learn how to guard your wealth against corporate ploys. Financially Stupid People Are Everywhere will help you achieve this goal and lead you down the only proven path to financial freedom.
About the Author
Jason Kelly is editor of The Kelly Letter and author of eight books, including the bestseller The Neatest Little Guide to Stock Market Investing. He graduated in 1993 from the University of Colorado at Boulder with a Bachelor of Arts in English. He currently lives in Sano, Japan, north of Tokyo. Find his latest ideas and join his free e-mail list at www.jasonkelly.com.
Table of Contents
Introduction Life as a Sucker.
Chapter 1 The First Rule of Finance.
Chapter 2 Credit, Cars, and Castles.
Chapter 3 Toxic FSP in the Alphabet of Idiocy.
Chapter 4 The Society You're Up Against.
Chapter 5 Government of the Corporations, by the Corporations, for the Corporations.
Chapter 6 How Money Is Power.
Chapter 7 Financial Freedom.
Chapter 8 Guarantee Your Own Well-Being.
Chapter 9 On the Front Lines of Freedom.
Conclusion In Yourself You Trust.
Appendix A Smart Scenarios.
Appendix B Getting Out of Debt.
Appendix C Keep Current.
About The Author.