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Financially Stupid People Are Everywhere: Don't Be One Of Them Hardcover – June 8, 2010
The Amazon Book Review
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If you don't actively resist America's culture of debt, you'll end up precisely where the government, banks, and big business want you to be: indentured servitude. The mistakes people make with their money are basic, and avoidable, and unless you understand what they are, you're probably going to repeat them. What you need is someone who can shed light on the obstacles we face and show you how to avoid getting tripped up by them.
Financially Stupid People Are Everywhere shows how society is rigged to take as much of your wealth as possible, and simple ways you can resist. It investigates, explains, and offers advice for all those who have fallen into debt, taken a second mortgage, been trapped by credit cards, or found themselves unable to get ahead.
- Discusses what you can do to stop the destructive cycle of borrowing and spending
- Illustrates the four major tenets of getting money right
- Highlights how to avoid the many ways that government, banks, and big business try to trap you with debt
To secure your financial future, you must break the dangerous cycle of borrowing and spending, and learn how to guard your wealth against corporate ploys. Financially Stupid People Are Everywhere leads you down the only proven path to financial freedom.
How to Break Free from America's Financial Chokehold
Amazon-exclusive content from author Jason Kelly
• Understand why it's so hard to escape financial servitude in America. You're up against a money-sucking culture that's been built through one hundred years of collusion between government, banks, and big business.
• See how that cabal has set financial traps almost everywhere you turn in daily life. From slippery credit card contracts to bad bank deals to pervasive advertising to the redirecting of your tax dollars into corporate crony coffers, they're out to fleece you every day in every way.
• Notice how many of the items you're told to buy are depreciating trifles, and how strongly you're encouraged to buy them with debt. That's no coincidence. Once they get most people on the treadmill, they keep them there for life.
• Know that to the ruling class of America, you're nothing but a lifetime income to be divvied up. They care not a whit about helping you achieve the "American dream," which is available only to those who see through the financial flimflammery.
• Read this book to finally see through that flimflammery. Get the truth into your bloodstream so you recognize the American economy for what it really is: a vehicle to transfer money from the financially stupid people to the financially smart people.
• Grasp how the system works against you so you know the ways to counteract it. Memorize this book's First Rule of Finance and guard against the three Cs, the serial killers of financial lives. This book clearly identifies those three Cs and provides you with a bullet-proof plan to defeat them.
• Your whole life comes down to how you answer one question: Will I live in debt or will I live free? Read this book, and live free.
From the Inside Flap
What you need is someone who can shed light on the obstacles you face and show you how to avoid getting tripped up by them. That's why Jason Kelly—bestselling author of the acclaimed Neatest Little Guide series of financial books and Editor of The Kelly Letter—has created Financially Stupid People Are Everywhere.
Written in a straightforward and accessible style, this reliable resource reveals how society is rigged to take as much of your wealth as possible and outlines the simple ways to resist this. It investigates, explains, and offers honest advice for all those who have fallen into debt, taken a second mortgage, been trapped by credit cards, or found themselves unable to get ahead. Page by page, Financially Stupid People Are Everywhere:
Discusses why following the First Rule of Finance—spending no more than 80 percent of your take-home pay—is essential to get you headed in the right direction
Introduces you to the Three Cs—credit cards, cars, and castles—and shows how controlling them can make a significant difference in your financial life
Explores non-financial-sector threats to your wealth and what can be done to protect yourself against them
And much more
To secure your financial future, you must break the dangerous cycle of borrowing and spending, and learn how to guard your wealth against corporate ploys. Financially Stupid People Are Everywhere will help you achieve this goal and lead you down the only proven path to financial freedom.
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Top Customer Reviews
The book is a fast read that I didn't want to put down - probably because in every chapter I kept stumbling over another anecdote or scenario that seemed uncannily familiar. Between pointing out the stupid financial choices we all make, and showing just what alternative choices we can make, this book keeps you thinking "yeah, he's right", and "why didn't I think of that?". I especially like the way he skewers the political extremists on both sides of the aisle, showing how financial stupidity and lazy voter apathy may combine to extend the status quo (good for the wealthy elite, not so good for the rest of us), and magnify the messes that occur.
I say, buy it, read it and keep it handy, and you won't "be one of them"!
1. Don't spend more than 80% of your income
2. Don't carry balance on your credit card
3. Don't finance your car - pay cash for it
4. Don't put less than 20% down payment on your house
All of this is explained very clearly in Chapters 1 and 2. If you want to get the maximum benefit for the minimum amount of time, read those two chapters and skip the rest.
Chapters 3, 4, 5, and 6 tell you that big business and government work together and that they are out to screw you... as if we didn't know this. You must have the naiveté of an elementary school girl not to know about the big business lobbyist, the oil, war and health care agendas and who makes money from them, and that the whole bailout is you - the tax payer - picking up the tab for the big party Wall Street had in the last several years.
It's great to know Jason's opinion on these topics but it doesn't add much value.
Chapters 7, 8 and 9 are regurgitating Chapters 1 and 2. The last chapters don't add much else besides hype. They are like the super-excited college guys who cheer for someone else's idea.
"Hey, guys, let's get some beer and get drunk", someone says.
The guy cheerleaders then start hyping up: "yeah, man, let's get some beer, let's get crunk, let's get some beer, it's gonna be wild, yeah man, let's go for it, it's gonna be amazing, I'm getting drunk just thinking about it!". Lots of hype but no action.
I understand Jason's challenge - how do you write a whole book of 150+ pages on 4 very simple and practical ideas? The answer is layout the ideas and then fill the rest with fluff.Read more ›
Therefore, I was extremely excited about this new book. After finally being able to grab some time, I sat down and finished within two days. Amazingly simple to read, understand, and recommend. The first sentence of the book is the most important, cutting right to the point. And his references are colorful and magnetic, just like this comparison of a credit card to a noose: "It's [the credit card company's] own fault for creating a system based on the principle of providing enough rope for people to hang themselves. If you use the rope for something other than tying a noose around your neck, it's a good free rope."
However, Jason's book is similar to a cliché job performance review: start out by highlighting separating strengths, point out weaknesses and how they are dragging down performance, and end with another strong quality. The first 4 chapters (chapter 1 especially) of this book should be memorized by every American, and the final chapters encourage you and give you the tools to capture your own financial freedom.
But the middle (chapters 5 and 6, which comprise nearly half of the entire book, and hogged about 80% of my reading time) should be questioned. Jason dives deeply into his personal opinions, albeit admirably bipartisan, about American government.Read more ›
Most Recent Customer Reviews
Kelly discloses the pitfalls of handling money and how to avoid them. He also exposes the game being played on We the People by our "elected" politicians and the... Read morePublished on May 6, 2014 by John Mathews
Review of book.
Very good book, opened my eyes, and has changed my financial way of thinking from now on out. Thank you Jason Kelly.
Excellent read, very good for young people hoping to do better in planning their futures to not be dependent on others.Published on March 30, 2014 by DC Young
This one is the kind of books that once you start readin' it, you don't wanna put it away. I'd say this is a MUST READ if you're in debt or wanna do better financially speaking. Read morePublished on March 7, 2014 by Pierre Emmerson
Most of the personal finance tips given in this book are common sense, but still good to read for reinforcement of the basics. Read morePublished on January 6, 2014 by Brathanki
I am finished ready this book. It really made a difference in my thought process. Thank you for the enlightenment.Published on February 28, 2013 by Downy Belidor
I am not compensated by the author for writing this book review, I choose not to have conflicts of interest associated with my writings. Read morePublished on September 10, 2011 by Romeo Jeremiah