Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.

  • Apple
  • Android
  • Windows Phone
  • Android

To get the free app, enter your mobile phone number.

FREE Shipping on orders with at least $25 of books.
Only 1 left in stock (more on the way).
Ships from and sold by Amazon.com. Gift-wrap available.
Don't Get Caught with You... has been added to your Cart
FREE Shipping on orders over $25.
Condition: Used: Good
Have one to sell? Sell on Amazon
Flip to back Flip to front
Listen Playing... Paused   You're listening to a sample of the Audible audio edition.
Learn more
See all 2 images

Don't Get Caught with Your Skirt Down: A Practical Girl's Recession Guide Paperback – December 30, 2008

3.8 out of 5 stars 19 customer reviews

See all 6 formats and editions Hide other formats and editions
Price
New from Used from
Kindle
"Please retry"
Paperback
"Please retry"
$17.99
$0.01 $0.01

Featured in Personal Finance
Get it Together
5 Habits to Lead from Your Heart
Right Away and All at Once
$17.99 FREE Shipping on orders with at least $25 of books. Only 1 left in stock (more on the way). Ships from and sold by Amazon.com. Gift-wrap available.
click to open popover


Editorial Reviews

About the Author

An entrepreneur since the age of nineteen and lifelong crusader of a “Practical Chic” lifestyle, artist, and jewelry designer Jill Keto is a stiletto-wearing, do-it-yourself zealot (from car repairs to pedicures), degreed mechanical engineer, organic mini-farmer, and jazz musician. Her husband, Dan Keto, is a graduate of the Harvard Business School and the United States Naval Academy. Together, they live in Seattle with their two young children.

Excerpt. © Reprinted by permission. All rights reserved.

1

Don't Panic! Prosper

Recessions Are Not Scary; Not Knowing What to Do About Them Is

What the hell is going on? The housing market is in free fall. Grocery bills are through the roof. It costs me $70 to fill up my car's gas tank. I just witnessed a gas station attendant get bawled out by a caffeinejolted, stressed-out soccer dad. And is it me, or did the price of salmon just double?

Welcome to our new economy! This is not a test, and no, it's not going to go away anytime soon. It's time to hunker down, get smart, and make some decisions about the bumpy road ahead. Leave your fear at the door and join me in meeting the challenges of this recession, thriving, and coming out ahead. After reading this book, you will be a full-fledged "Recessionista," capable of withstanding any challenge this recession throws your way.

But Economics Is Boring!

Yes, indeed, for most people, economics ranks up there with watching paint dry. But voluntary ignorance of it would be like not knowing how you get pregnant. Not smart. In either scenario, you end up frazzled and sleep deprived, with a crippling addiction to peanut butter.

Why You Need to Brush Up on Boring Economics

- We could be headed into a situation worse than the Great Depression.

- Your expenses will be going up as inflation does. Don't like last week's $200 grocery bill? How about $1,000 per week? Yes, it can happen.

- Those who are unaware or ignorant of the impending economic collapse will likely face a huge downgrade in lifestyle. Think SoHo to HoBo.

- Those who inform themselves, plan, and adapt have an excellent chance of maintaining or improving their standard of living, avoiding loss of wealth, and even increasing their wealth.

Your Man Is Not Your Financial Plan

Ladies, even if the man in your life (your husband, dad, boyfriend, brother, or boy toy) is rich, kind, and generous, you cannot assume that your financial destiny will be handled well. When it comes down to it, you are in charge of your money and your financial future. Nobody is going to take care of this for you.

- Only 52% of married people will reach their fifteenth anniversary.

- Only 61.4% of divorced single mothers are awarded child support.

- Of the single mothers who are awarded child support, nearly 53% do not receive the full payments that are due to them.

- Estimates vary, but women typically experience a 27% to 45% reduction in standard of living, and sometimes poverty, immediately following divorce; whereas men increase their standard of living by up to 15% following divorce.

Now, before you start squawking about how you and Mr. Wonderful will be married forever, consider the following:

- The average widow outlives her spouse by fourteen years.

- 80% of women outlive their spouses.

- The average age of a widow is 56.

- Widows are three times more likely to live in poverty than married women of the same age. And most (80%) of the impoverished women were not living in poverty when their husband was alive.

Make no mistake about it -- money is critical to your well-being. Cash might be cold comfort during tumultuous times, but it's certainly better than zero comfort. Money plays a crucial role in having a great life and achieving your goals.

This Recession Is Hitting Women Harder than Men

Unemployment since March 2007 has gone up more rapidly for women than for men. In the same period, women have seen a sixfold wage decrease as compared to men and are 32% more likely to have a subprime mortgage, thus putting women at a disproportionately higher risk of foreclosure. To add insult to injury, women still earn only 77 cents for every dollar a man makes, and have significantly less in savings to fall back on.

Your Financial Adviser Is Not an Economist

Recessions arrive with their own rules affecting your money. Don't expect your financial adviser to be an economist. They are two very different things. You don't expect your gardener also to be your hairstylist, right?

Keep in mind that financial advisers are the street peddlers of money market accounts, mutual funds, and retirement accounts. They get paid regardless of what the economy is doing, so they'll do exactly what they've always done. They will undoubtedly advise you to follow the same rules they always preach: diversify and sit tight, because the market "always rebounds." As you watch your net worth wither away, they'll be touting the same story, patting your hand, and telling you that everything will be all right.

Do the "Big-time" Insiders Know Something We Don't?

Since 2006, the inside players on the U.S. economy and political scene (for example, George Soros, Dick Cheney, and Jim Rogers) have been investing their assets overseas and removing/ selling assets tied to the United States. They saw the writing on the wall and they don't want their wealth to evaporate. Even George W. Bush bought a 100,000-acre ranch in Paraguay. Of course, Paraguay doesn't have an extradition treaty with the U.S.... hmmm.

Food for Thought for Recession Doubters

Are you one of those doubters who believe that America is not already in, or going into, a recession? On the surface, it might not seem as if we are in any serious trouble yet. But take a lesson from history -- the stock market crashed in 1929, but Main Street didn't feel the full wrath of the Great Depression until 1931. Right now, the canaries in the coal mine are dying. As of October 2008:

- U.S. home prices are down 19.5% from peak and still falling (the U.S. real estate market peaked in 1927 prior to the Great Depression).

- U.S. auto sales are down 40% in one year (Ford and GM are on bankruptcy watch).

- Inflation is at a thirty-year high.

- U.S. dollar value is collapsing.

- Unemployment is at a seven-year high and up 159,000 lost jobs in September 2008 alone.

- Personal bankruptcies are at record highs.

- Home foreclosures are at record highs, and rising.

- Several international banks are warning their clients of a U.S. market collapse.

- Freddie Mac and Fannie Mae, the underpinning of more than 50% of the U.S. mortgage market, have been taken over by the government.

- Lehman Brothers filed for bankruptcy and Wachovia and Washington Mutual were forced to be acquired for pennies.

- Foreign retailers are refusing to accept U.S. dollars.

- The Dow Jones is down more than 25% from its October 2007 peak.

The Silver Lining

Being aware of the rules of the recession and planning accordingly might mean the difference between barely making it and thriving. Erasing your debt and growing your wealth during a weak economy can even set you up for major wealth later on, once the storm has passed. Yes, it's true, you might be financially better off after a major recession or depression than you are now.

So join us in implementing practical steps to protecting yourself and even coming out ahead -- some cases, way ahead.

Copyright © 2008 by Jill B. Keto --This text refers to an alternate Paperback edition.

NO_CONTENT_IN_FEATURE

The latest book club pick from Oprah
"The Underground Railroad" by Colson Whitehead is a magnificent novel chronicling a young slave's adventures as she makes a desperate bid for freedom in the antebellum South. See more

Product Details

  • Paperback: 272 pages
  • Publisher: Atria Books (December 30, 2008)
  • Language: English
  • ISBN-10: 1439145865
  • ISBN-13: 978-1439145869
  • Product Dimensions: 5.3 x 0.7 x 8.2 inches
  • Shipping Weight: 8 ounces (View shipping rates and policies)
  • Average Customer Review: 3.8 out of 5 stars  See all reviews (19 customer reviews)
  • Amazon Best Sellers Rank: #2,355,484 in Books (See Top 100 in Books)

Related Media

Customer Reviews

Top Customer Reviews

By Jeanne F. Dolak on January 3, 2009
Format: Paperback
This is not chicklit! Well researched and iconoclastic view of America's short-term economic future (probable deep recession), and how to survive and survive well. This is Econ and Finance 101 mulched down to understandability and peppered with other useful stuff like blocking the theft of your husband to fixing your own Volvo to learning a second language, preferably Mandarin. Jill's book is going into my research library next to the Merck Manual and James Beard's American Cookery.
Comment 5 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse
Format: Paperback
I found this book very informative and entertaining. All women should have read this book YESTERDAY! It has so much great information in an easy-read style. This would be a really good gift for college-age students and those just starting out, so they can hopefully avoid some of the financial mistakes others of us have had to address.
Comment 4 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse
Format: Paperback
This highly readable book would make a terrific addition to any modern woman's library, and it is certainly informative. The economics portions are heavy, and that's not a subject I would usually enjoy. But my hat's off to Jill Keto for making a normally boring subject humorous. I am impressed with the uncommon approach to investing, and given that she accurately predicted this recession and events surrounding it (the first version of the book was out last summer) I wouldn't be surprised if her investment picks turn out to be winners in 2009 and 2010! I particularly love her supportive "go-get-em" advice for women running their own businesses. Her fearless approach is inspirational!
Comment 3 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse
Format: Paperback
I am an information junkie and I very much enjoyed reading this book. It is definitely insightful to hear the blunt layman's perspective of the current state of our economy, versus the mundane and incomprehensible (and sometimes unreliable) version we get in the media.I enjoyed the fact that she recommends solutions as opposed to scare tactics. While I don't agree with everything Jill Keto writes in her book, there is a great deal of information, tips and lessons that can be gleaned from this book, including other recommended readings and websites.Especially to the people that don't consider themselves to be savvy in the field of personal finance - this is a great book.
Comment 3 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse
Format: Paperback
Don't Get Caught with Your Skirt Down paints a clear picture of empowerment on the rocky waters of these times. I am so glad that I bought this book and read it. You will be too. Jill Keto inspires with style, fun, and amazing shared stories and practices from her life. I particularly loved the parts about how she manages to get control of her finances and her aspirations even while raising two small children. This book will demystify the financial news and give you major inspiration to maximize your life strategies in these times of rapid change. This is a must read. Jill has gone where we want to go and she's giving us her secrets in this great book. I give this one an A+ for books that are having the most positive impact on me this year.
Comment 5 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse
Format: Paperback
The author, Jill Keto, believes "the economy is falling apart...but that doesn't mean you have to." She also believes that with knowledge, positive action and common sense we women can weather the storm and may be even come out ahead financially. That's a tall order for one paperback book.

Don't Get Caught With Your Skirt Down: A Practical Girl's Recession Guide is a mini-textbook to understanding the recession of the 2000's. This newly released financial guide was written with her husband as a contributor. Jill Keto is an entrepreneur and mechanical engineer - it is her husband who is the Harvard Business School graduate. This book proves to be a combination of Jill's been there and lived through it writing style and Dan's financial prospective.

If you're looking for a financial thesis on surviving the recession, this isn't it. If you're interested in understanding something about the current economy and what you can do as a woman to survive and maybe even thrive, then Don't Get Caught With Your Skirt Down is a book you'll want to read. The author has aimed her book squarely at today's women - probably women twenty to sixty.

The premise of the book is learning how to understand the current state of the world economy and its affect on you personally and professionally. Over half the book is an economics lesson. It covers how we all got ourselves into this economic mess, why we are going to be here for a while and how to proactively help ourselves out. The author has both economic and practical real-world tips to share.

The main lessons I came across were:
1. Be proactive with your finances - learn to handle your own money
2. Learn to understand the economics of recession and how it affects your life personally and professionally
3.
Read more ›
Comment 2 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse
Format: Paperback
Jill Keto discusses a sobering topic in a witty way. In her wonderfully informative, quick-read recession help guide, she clearly explains the basics of an economic recession, as well as providing sound analysis and helpful tips so one can sustain through these difficult times.
Comment 3 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse
Format: Paperback
If I were to characterize this book as a finance book or a "be frugal" book, I would not be doing it justice.

Her message is: during a recession, it is not business as usual. It's time to foritfy your defenses.

I would call this a survival book. Jill explains in the introduction where the idea came from for the book. She and her economist husband explain what a recession is and how we got here in the first 45 pages. It's not a dry explanation either.

The second part of the book talks about managing expenses, paying down debt, and even starting a sideline business - especially in times of high unemployment. There is more "why-to" than "how-to" in regards to paying down debt. But, I think that's what makes the book timely. For a more detailed plan for paying down your credit cards, check out Mary Hunt's Debtproof Living. A nice companion volume to Don't Get Caught is the Your Money Or Your Life by Vicki Robin and Joe Dominguez which has been updated for the 21st century.
Comment 2 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse

Most Recent Customer Reviews

Set up an Amazon Giveaway

Don't Get Caught with Your Skirt Down: A Practical Girl's Recession Guide
Amazon Giveaway allows you to run promotional giveaways in order to create buzz, reward your audience, and attract new followers and customers. Learn more about Amazon Giveaway
This item: Don't Get Caught with Your Skirt Down: A Practical Girl's Recession Guide
Pages with Related Products. See and discover other items: fast money