How To Really Ruin Your Financial Life and Portfolio

ISBN: 978-1-118-33873-5
160 pages
October 2012
US $24.95 Add to Cart

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Business & Finance

October 09, 2012

How to Really Ruin Your Financial Life and Portfolio

Do You Want to Really Ruin Your Financial Life?

  Ben Stein Will Show You How to Really Mess Up Your Personal Finances in His New Book

Anyone can write a book about how to get rich. The bookstores are full of them. But it takes Ben Stein, economist, finance expert, and (fairly) successful investor to write a book called How to Really Ruin Your Financial Life and Portfolio (Wiley; October 2012; hardcover and e-book).  Written with tongue-in-cheek cheekiness, this book is a humorous road map showing you how to make something useful of the money that comes in and out of your life. Follow the rules—in reverse gear—and you’re bound to be a lot better off than you are now. Follow the rules as they’re written—and you’re highly likely to wind up in bankruptcy court—as millions do every decade.

The secret to making money is sticking to the basics, but while they might be your best bet for success, they're not exactly thrilling. For years, Ben Stein has extolled the virtues of keeping things simple, but many people—maybe you among them—are too easily distracted by the lure of frills and fads promising quick and easy riches to pay attention. Now, in How to Really Ruin Your Financial Life and Portfolio , Stein is offering advice on how to succeed spectacularly . . . at losing money!

The ultimate how-NOT-to guide, this book highlights the 49 ways in which investors manage to torpedo their portfolios by ignoring the simple facts of finance, to help you reconsider the way you're treating your money before it's too late.  Each chapter in the book contains a lesson on how to really mess things up, including: Trade Frequently, Believe in Your Heart that You Can Pick Stocks.  Put Your Money into a Hedge Fund, and Pay No Attention at All to Taxes

From believing you can outthink the market to assuming that current trends will last forever, and from ignoring your tax returns to shunning financial advisors, this is the advice you absolutely don't need. The final chapter focuses on How to Ruin Your Greatest Asset: YOU.  Humorous but poignant advice on career and life behaviors that will simply, ruin your financial life. A laugh-out-loud approach to personal finance, Economist and comic Ben Stein brings you the tips you need to know . . . if you want to go broke.

Ben Stein is a respected economist known to many as a movie and television personality, but he has worked in personal and corporate finance more than anywhere else. He has written about finance for Barron's, the Wall Street Journal, the New York Times, and Fortune, was one of the chief busters of the junk-bond frauds of the 1980s, has been a longtime critic of corporate executives' self-dealing, and has co-written numerous finance books. Stein travels the country speaking about finance in both serious and humorous ways, and is a regular contributor to CBS's Sunday Morning, CNN, and Fox News. He was the winner of the 2009 Malcolm Forbes Award for Excellence in Financial Journalism.