If I'm So Smart, Where Did All My Money Go?
In these tougheconomic times, people are wondering why they can’t seem to make ends meet, whythey aren’t able to put money away in savings, and how they’re going to savefor retirement or college education. While many people have good salaries, nicecars and a beautiful home, they can’t seem to put any money aside at the end ofthe month in savings or an investment account.
Thefinancial crisis fascinated Doug. On his website he comments, “Of the crisis'many causes, the cumulative influence of millions of people's poor personalfinancial decisions stands out. Why did so many people buy homes they couldn'tafford and finance those purchases with mortgages they couldn't pay?
Themassive amounts of debt that people accumulated does not mean that Americansare stupid or greedy, or that they cannot defer gratification. It reflects thefact that people have substantial conflicting financial objectives and they donot know how to balance them all.”
In thenew book, 'If I'm soSmart, Where did all My Money Go?' author DougWarshauer (September, 2010, $24.95) takes a unique approach in sharing hisprinciples for getting on solid financial ground. Through the use of afictional story, Doug presents ten different individuals who have financialstruggles of various types. In the story, these ten people are attending afinancial seminar and are learning where they have gone wrong, what they needto fix, and how they can start saving and investing.
'If I'm so Smart, Where did all My Money Go?'offersspecifics for anyone to learn how to establish financial stability. Author DougWarshauer explains in an understandable and no-nonsense approach, whatfamilies, individuals and seniors should be budgeting or spending each month ontheir various expenses starting with the largest and most prominentexpenses--home and automobile. He explains which are the next expenses toreview and how to keep these expenses in line.
Topics discussedinclude.
- Exactly how much YOU need to save for your Home, College, and Retirement
- How to prioritize YOUR savings goals
- Exactly how much YOU can afford to spend on everything: your house, your car, food, clothing, and entertainment
- Which debt YOU should pay off and which you should keep
- Whether YOU should buy a home or rent one
- When YOU should invest in stocks and when to choose safer investments
Many of the currentbooks on the marketplace today offer conventional advice avoiding the toughquestions about how to balance conflicting demands like credit cards,retirement investments, mortgages, college fund, insurance and living expenses.The result: record levels of personal debt and home foreclosures. Peopledesperately need actionable financial advice.
At theend of 'If I'm soSmart, Where did all My Money Go?' Doug hasprovided several worksheets and tables to further aid readers in their plans.He has also created numerous complementary printable forms and downloadablespreadsheets for personal information and to easily build a Lifetime FinancialPlan that are free on his website, www.DougWarshauer.com.