Cover image for How to ruin your financial life
Title:
How to ruin your financial life
Author:
Stein, Benjamin, 1944-
Personal Author:
Publication Information:
Carlsbad, Calif. : Hay House, [2004]

©2004
Physical Description:
xix, 131 pages ; 20 cm
Language:
English
Subject Term:
ISBN:
9781401902414
Format :
Book

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HG179 .S824 2004 Adult Non-Fiction Non-Fiction Area
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HG179 .S824 2004 Adult Non-Fiction Non-Fiction Area
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Summary

Summary

Anyone can write a book about how to get rich. The bookstores are full of them. But it takes Ben Stein, economist, finance expert for Barron's, commentator on finance for Fox News and (fairly) successful investor, to write a book called How to Ruin Your Financial Life.Written with the same cheekiness as his bestselling How to Ruin Your Life, Stein's latest book is a humorous road map that shows readers how to make something useful of the money that comes in and out of their lives. Millions every decade follow the rules but wind up in bankruptcy court. Stein shows readers how to follow the rules-in reverse gear-and be better off.Some of the tongue-in-cheek rules are Collect as Many Credit Cards as You Can and Use Them Frequently; Compete with Your Friends to See Who Can Own the Most Expensive and High-Status Possessions; Know in Your Gut That Only Suckers Work Hard for Money and That Smarties Like You Only Have to Find an Angle; and Bear in Mind That Only "Little People" Pay Their Bills or Taxes. Finally, here is a laugh-out-loud way to educate oneself, friends and family about how money really works.


Author Notes

Ben Stein was host of the long-running quiz show Win Ben Stein's Money and is currently a judge on Star Search. He is a former White House speechwriter, Wall Street Journal columnist, trial lawyer, law school professor, scriptwriter and novelist-and the author of several self-help books.


Reviews 1

Publisher's Weekly Review

Stein delivers a practical message in his own brand of wry, dry humor. Maybe money can't buy happiness, he writes, "but it sure gives a good impression of a long-term lease." And so, by pointing out the myriad ways too many people wreck their financial status, he illustrates how to attain a life in which-even if you're not a billionaire-money doesn't keep you up at night. Running through a series of 55 "tips" (such as "as soon as you've succeeded in maxing out your credit cards... get new ones!" and "put all your eggs in one basket-that is, your company's 401(k)-'cause only sissies diversify"), Stein backs into explanations for why these oft-practiced habits are so damaging, and stupid. This probably isn't the only financial planning book one should read, but it is entertaining-and it's a surefire shot of reality for anyone heading down the well-worn path to financial ruin. (Apr.) Copyright 2004 Reed Business Information.