Die Broke: A Radical Four-Part Financial Plan
From America's most trusted financial advisor comes a comprehensive guide to a new and utterly sane financial choice. In Die Broke, you'll learn that life is a game where the loser gives his money to Uncle Sam at the end. There are four steps to the process:
No, don't tell your boss to shove it...at least not out loud. But in your head accept that from this day on you're a free agent whose number one workplace priority is your personal bottom line.
You should be as conscious of spending as you are of saving. Credit should be a rarely used tool for those few times (buying homes and cars) when paying cash is impossible.
Your work life should be a journey up and down hills, rather than a climb up a sheer cliff that ends with a jump into the abyss.
It sounds terrifying, the one intolerable outcome to your financial life. And yet, in truth, dying broke might be your best option for a life without fear: fear of failure and privation now, fear of impoverishment in the long run.
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Review: Die Broke: A Radical, Four-Part Financial Plan (PaUser Review - Overstock.com
I read this book in a financial book club of 8 individuals. Without exception everybody thought that this book really sucked. His main tenant of Quiting your Job is very harmful for Employees as ... Read full review
I first bought this book back in 2000 (before everything in America went to s--t). I thought some of Mr.Pollan's ideas were eccentric and a bit unnecessary, but over the past 18 months I have found his insights and advice in this book to be prophetic and -had I heeded his advice 10 years ago- extremely helpful.
Now that I see many of my friends unemployed, or in financial ruin, I dusted off my old 1997 copy of this book & started re-reading it. The book offers people (regular folks like you & me) advice on both the small and large scale, both short term and long term on how to survive.
Small and immediately effective things such as eschewing debit cards, bringing lunch to work and using coupons, as well as large and long term strategies for planning your career, purchasing insurance or financing your child's education.
For those of you whom are skeptical I can only say:Ignore his advice at your own peril. Please, buy or borrow a copy of this book & heed the advice to the T. In the long run you'll be better off for it.
Asset Allocation 727
Social Security 281
Putting Theory into Practice
Automated Teller Machines and Cards 124
Automobile Insurance 727
Automobile Loans 132
Home Improvements Renovations and Additions 797
Income Taxes 203
Insurance Salesmen 204
Job Hunting 205
Job Interviews 211
Leasing versus Buying an Automobile 215
Life Insurance 211
Living Trusts 225
Certificates of Deposit 737
Charge Cards 139
Charitable Remainder Trusts 747
Checking Accounts 744
Credit Cards 145
Debit Cards 151
Debt Consolidation Loans 733
Disability Insurance 155
Homeowners Insurance 193
Divorce and Mediation 763
Domestic Partners 766
Durable Powers of Attorney for Health Care 768
Earthquake Insurance 170
Estate Planning 7 77
Financial Planners 773
Flood Insurance 777
Health Insurance 785
Home Equity Loans 789
Living Wills 228
LongTerm Care Insurance 231
Medigap Insurance 245
Money Market Accounts 251
Mortgage Loans 252
Mutual Funds 254
Pre and Postnuptial Agreements 251
Real Estate Investment Trusts 262
Renters Insurance 265
Summer Weekend and Vacation Homes 289
Treasury Bills Bonds and Notes 291
Trip Insurance 294
Umbrella Liability Insurance 295
Retirement Homes 270