10 insights from pound foolish, by helaine olen

we help you discover smarterways to think, grow, and live.

This presentation consists of 10 highlights from the interview with Moe Abdou,

founder & host of 33voices®.

Helaine OlenHelaine Olen is the author of, “Pound

Foolish: Exposing the Dark Side of the Personal Finance Industry,” which was published by Penguin’s Portfo-lio imprint in January of 2013. She

likes to write and report on subjects where life meets money: that can be personal finance, parenting, women’s issues, politics, education or career advice. Her goal is to surprise you,

provoke you, and make you see the world in a different way.

@helaineolen

1

Money and wealth are highly personal.Don’t be swayed by perspectives that misalign with your values.

2

It’s wise to continually enhance your financial literacy.

leverage the objective expertise of trusted publication

such as the WSJ, New York Times and Reuters.

3

Always be vigilant about your money habits,but also keep an eye on how society spends its money.

4

While we’re each responsible for any financial missteps;

it’s important to note that the leading cause of debt

are health care and unemployment.

5

Don’t bet on your 401K to secure your retirement;

consider a pension plan alternative instead.

5

Don’t bet on your 401K to secure your retirement;

consider a pension plan alternative instead.

6

If you’re going to be in the market, consider the advantages of index funds.they’re an efficient alternative that mimics the market.

7

Real estate is tricky and requires diligence

to acquire and manage it.It’s a liability until you capture its appreciation.

8

It’s prudent to live within your means;just remember that experiences trump materialism.

9

It’s unlikely that you’ll save your way to success;

focus on earning money instead.

10

It’s always a smart assumption to internalize the notion

that no one can predict the future.

don’t try, create it instead.

How do you measure your financial literacy?

REALLY REFLECT

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