The Dumb Things Smart People Do With Their Money by Jill Schlesinger | Book Review

3⭐️

My Review

💭The smart things I’ve done so far is having an investment since 20 years old, saving for Hajj and having a health care insurance. I need to revisit this book in probably 10 more years to avoid myself from doing the “dumb things”.

💭Some of the points that really made me stopped reading for a while just to think is about retirement plan, our kid’s college fund and you don’t need more money when you already have enough because a lot of people according to researchers, are not happy “hoarding money”.

💭So here is 13 ways according to Jill, to right your financial wrongs :
1. Review your bank account and credit card statements
2. Think about how you feel about your financial life
3. Think about pending purchases of financial products
4. Reflect on your behaviours around investments
5. Review your ageing parents financial situation
6. Review your investment and retirement accounts
7. Change all passwords on your financial accounts
8. review your investments
9. Perform a Tax audit
10. Secure your Identity
11. Check in on college planning for your kids
12. review your home owner and life insurance policies
13. Review your estate plan

💭If you are rich, this is definitely for you.
If you are just living comfortably, there is a few things could be learnt.

👉🏻 Thank you Times Reads Distributor for providing me with this review copy! This book is available in all good bookstores.


Synopsis

Hey you . . . you saw the title. You get the deal. You’re smart. You’ve made a few dollars. You’ve done what the financial books and websites tell you to do. So why isn’t it working? Maybe emotions and expectations are getting in the way of good sense–or you’re paying attention to the wrong people. If you’ve started counting your lattes, for god’s sake, just stop. Read this book instead.

After decades of working as a Wall Street trader, investment adviser, and money expert for CBS News, Jill Schlesinger reveals thirteen costly mistakes you may be making right now with your money. Drawing on personal stories and a hefty dose of humor, Schlesinger argues that even the brightest people can behave like financial dumb-asses because of emotional blind spots.

So if you’ve saved for college for your kids before saving for retirement, or you’ve avoided drafting a will, this is the book for you. By following Schlesinger’s rules about retirement, college financing, insurance, real estate, and more, you can save money and avoid countless sleepless nights. It could be the smartest investment you make all year.

Published by biblio_mom

I am a bibliophile and a mom. Reading has been the biggest passion in my life and I would love to share my reads and my thoughts with all of you :)

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