Die Broke: A Radical Four-Part Financial Plan

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Harper Collins, Mar 17, 2009 - Business & Economics - 320 pages
7 Reviews
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:

Quit Today

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.

Pay Cash

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.

Don't Retire

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.

Die Broke

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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LibraryThing Review

User Review  - crazybatcow - LibraryThing

It's a U.S. centric book so if you're Canadian you might find a lot of this book is pretty irrelevant. i.e. Canadians can't put any faith in his assertions about gifting money, tax breaks, or even ... Read full review

LibraryThing Review

User Review  - foof2you - LibraryThing

I found this book very interesting in the tone and advice. When the author suggest to "Die Broke" I thought this was a joke. The advice is sound and makes a lot of sense. Read full review

Contents

Acknowledgments
Asset Allocation 727
Social Security 281
Putting Theory into Practice
Automated Teller Machines and Cards 124
Automobile Insurance 727
Automobile Loans 132
Bonds 135
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
Stocks 287
Flood Insurance 777
Funerals 778
Gifting 787
Health Insurance 785
Home Equity Loans 789
Living Wills 228
LongTerm Care Insurance 231
Medicaid 238
Medigap Insurance 245
Money Market Accounts 251
Mortgage Loans 252
Mutual Funds 254
Pensions 256
Pre and Postnuptial Agreements 251
Probate 260
Real Estate Investment Trusts 262
Renters Insurance 265
Resumes 267
Summer Weekend and Vacation Homes 289
Treasury Bills Bonds and Notes 291
Trip Insurance 294
Umbrella Liability Insurance 295
Wills 297
Index 301
Retirement Homes 270
Copyright

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About the author (2009)

Stephen M. Pollan, one of America's most trusted and admired financial advisors, is the author of more than a dozen books, including the national bestseller Die Broke. He presently lives in New York City and Litchfield County, Connecticut, with his wife, Corky, and in close proximity to his four children and nine grandchildren.

Mark Levine has been Stephen Pollan's collaborator for sixteen years. He lives in Ithaca, New York, with his wife, Deirdre, and his Newfoundland, Molly.

Mark Levine has been Stephen Pollan's collaborator for more than eighteen years. Together they have authored numerous books, including the national bestsellers Lifescripts, Live Rich, and Die Broke, and most recently, Second Acts. They have been nominated for three National Magazine Awards.

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