Showing posts with label debt. Show all posts
Showing posts with label debt. Show all posts

Killing Sacred Cows: Overcoming the Financial Myths That Are Destroying Your Prosperity Review

Killing Sacred Cows: Overcoming the Financial Myths That Are Destroying Your Prosperity
Average Reviews:

(More customer reviews)
I don't usually review books on Amazon, but this one irritated me enough to make the effort.
This book is a new age self-help motivational screed in the guise of financial planning advice. There are a few interesting points made, a lot of questionable ones, and some potentially harmful suggestions.
I found myself skipping whole paragraphs of the author repeating himself and his vague platitudes for the umpteenth time. I felt like I was holding my breath, waiting for him to get to the meat of the financial advice... all the way to the end.
Guess what I found at the end? Several sales pitches for his and his friends seminars, websites and books.
As another reviewer said, the 'meat' of this book would only fill a single chapter. The rest is fluff.
Don't follow the (possibly fradulent) positive-reviewing sheep, and don't waste your money on this book - if you really want to take a look, get it from the library (like I did).

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Our culture is riddled with destructive myths about money and prosperity that are severely limiting the power, creativity, and financial potential of individuals. In Killing Sacred Cows, Garrett B. Gunderson boldly exposes ingrained fallacies and misguided traditions in the world of personal finance. He presents a revolutionary perspective that can create unprecedented opportunity and wealth for thoughtful, mission-driven individuals.
Our financial lives are intimately connected to our societal contributions, and we must be financially free in order to achieve our fullest potential. Sadly, however, most people are held captive in their financial lives by misinformation, propaganda, and limited knowledge. Through well-reasoned arguments, unflinching logic, and revelatory insight, Gunderson defeats common clichés and faulty retirement planning advice to plainly demonstrate the following and much more:

401(k)s and the stock market are the most risky investments for most people and the gambling mindset they induce creates disastrous consequences.
Conventional retirement planning advice, products, strategies, and techniques expose you to significant danger of being unable to retire, or of running out of money prematurely if you do.
Building net worth is a recipe for creating a life of fear and poverty and how to escape that common trap.
Debt may not be what you think it is and why that matters to your prosperity.
'High risk equals high returns' is destructive dogma and how reducing risk can increase your returns.

Killing Sacred Cows is a must-read for brave individuals willing to question common assumptions and teachings, overcome the herd mentality, break through financial myths, and live a purposeful, passionate, and prosperous life.

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America's Cheapest Family Gets You Right on the Money: Your Guide to Living Better, Spending Less, and Cashing in on Your Dreams Review

America's Cheapest Family Gets You Right on the Money: Your Guide to Living Better, Spending Less, and Cashing in on Your Dreams
Average Reviews:

(More customer reviews)
I saw the show. I already had the book. I bought another copy to give to my son. I use the tips in the book and, yes, we DO save money.
Here is the REALITY you have to face before you even buy this book:
To get the full benefit of this book, you do need to be willing to buck certain attitudes that are part of our society. The Economides family is willing to get clothing from the thrift shop. When your child comes to you and asks to have those designer jeans, will you have the courage to say "No" or will you cave in? Can you put off impulse buying? Are you willing to take the steps necessary to stay out of debt? Read the chapter on Attitude and if you think you don't have the guts to commit to a new attitude (and don't fool yourself, it does take guts), the this may not be the time for you to buy this book....just don't wait till you are drowning in debt to see the light. I personally think that one chapter is the MOST valuable one right there.
One MAJOR advantage of this book is that it offers options, depending on your comfort level with saving money. You can opt to be a bit frugal or save every spare penny. If you need to take some baby steps before moving to the next level - or just stick with a certain level of savings - each chapter offers options. Clearly, this family understands that not everyone can commit to their value system and they give a nod to those people. I found that refreshing and different.

It is not an "all or nothing" book, although the family themselves describe how far they'll go to save money. They get by on about 35K a year and have 7 children, so it doesn't take a lot of imagination to figure out that they have to be cutting back in a MAJOR way.
We don't save quite as drastically as they do. Even so, we have learned a lot from this book. One of the most important facets of a longterm savings plan is maintaining the right attitude and not giving in to peer pressure or temptation. When I feel like I'm weakening, I turn to this book and am inspired again.

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Click here for more information about America's Cheapest Family Gets You Right on the Money: Your Guide to Living Better, Spending Less, and Cashing in on Your Dreams

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