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Die Broke by P-HarpercollinsPubl

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From America's most trusted financial advisor comes a comprehensive guide to a new and utterly sane financial choice. In Die Broke, you'll learn that life is a game where the loser gives his money to Uncle Sam at the end. There are four steps to the process:Quit TodayNo, don't tell your boss to shove it...at least not out loud. But in your head accept that from this day on you're a free agent whose number one workplace priority is your personal bottom line.Pay CashYou should be as conscious of spending as you are of saving. Credit should be a rarely used tool for those few times (buying homes and cars) when paying cash is impossible.Don't Retire Your work life should be a journey up and down hills, rather than a climb up a sheer cliff that ends with a jump into the abyss.Die BrokeIt sounds terrifying, the one intolerable outcome to your financial life. And yet, in truth, dying broke might be your best option for a life without fear: fear of failure and privation now, fear of impoverishment in the long run.

More Info
									Die Broke
Author: Stephen Pollan
Author: Mark Levine
Description

From America's most trusted financial advisor comes a comprehensive guide to a new and utterly sane
financial choice. In Die Broke, you'll learn that life is a game where the loser gives his money to Uncle
Sam at the end. There are four steps to the process:Quit TodayNo, don't tell your boss to shove it...at
least not out loud. But in your head accept that from this day on you're a free agent whose number one
workplace priority is your personal bottom line.Pay CashYou should be as conscious of spending as you
are of saving. Credit should be a rarely used tool for those few times (buying homes and cars) when
paying cash is impossible.Don't Retire Your work life should be a journey up and down hills, rather than a
climb up a sheer cliff that ends with a jump into the abyss.Die BrokeIt sounds terrifying, the one
intolerable outcome to your financial life. And yet, in truth, dying broke might be your best option for a life
without fear: fear of failure and privation now, fear of impoverishment in the long run.
Excerpt

Die broke. Turn the phrase over in your mind. At first it sounds insane. Instinctively it's something to avoid
at all costs, not something to pursue with a vengeance. It immediately conjures up images of Dickensian
poverty; of Depression-era families having their mortgages foreclosed on by Lionel Barrymore. But fight off
those instinctive responses and reflex images and think about it for a minute, really think about it.What's
wrong with dying broke? What good will money do you when you're dead? Isn't there something ironic
about hoarding money for a time when you can't spend it? But what about your family, you worry; how will
they get by? Well, why can't you take care of them when you're alive? Isn't it daft for them to have to wait
for your death to be taken care of? Okay, you say, but what about those images of poverty the concept
instantly brought to mind. You just can't shake them. Don't. In fact, look at them really closely. There's
something very important about them you need to focus on. They're from the past.Stop Living in the
PastAre you living in Victorian England? Does your hometown look like Bedford Falls? Of course not.
You're about to enter the twenty-first century. Your home, regardless of where it's located, is probably
closer to that of the Jetsons than that of the Cratchits. Yet the images of financial ruin that instantly
spring to your mind are from the turn of the prior century. That's because your entire approach to money
and career, and much of your approach to life, is based on principles and beliefs that sprung from the
experiences of the past. Your fear of dying broke is an early-twentieth-century fear carried forward to a
twenty-first-century life.Rather than running your twenty-first-century life by up-to-date rules, you're using
outdated nineteenth- and twentieth-century ones. You're taking practices designed to deal with the shift
from an agrarian to an industrialized society and trying to make them fit the shift to an information world.
You're following financial patterns sketched out in the Great Depression at a time when the Dow Jones is
over 7,000. You're managing your career based on advice formulated when every man still wore garters to
hold up his socks and the only women in the corporate world were in the secretarial pool. And you're still
running your life as if your family looked and lived like the Cleavers. That's why you're experiencing an
overwhelming sense of uncertainty, insecurity, and fear.You're Not AloneI can make these generalizations
about your feelings because I speak with people like you every day. I'm a financial and legal consultant
on New York City's Upper East Side. Most of my clients are baby boomers from what used to be called
the upper middle class. While only a few of them would have felt at home in Tom Wolfe's Bonfire of the
Vanities, almost all of them aspired to be masters of the universe in the 1980s. Today they have
combined incomes of well over $150,000, live in apartment buildings with doormen or rural homes on
more than an acre of land, take European vacations, go out to Thai restaurants, shop at Barney's, and
buy wine by the case. They belong to health clubs and send their kids to after-school programs. They
grind their own coffee beans.While there are some uniquely New York elements to my clients' personas,
they're just like lots of other successful baby boomers ... including you. They've succeeded in acquiring
more possessions and experiences than their parents had at their age. They hold down decision-making
and policy-setting positions in corporations, are running their own successful small companies, or have
made a...
Author Bio
Stephen Pollan
Stephen M. Pollan, one of America's most trusted and admired financial advisors, is the author of more
than a dozen books, including the national bestseller Die Broke. He presently lives in New York City and
Litchfield County, Connecticut, with his wife, Corky, and in close proximity to his four children and nine
grandchildren.Mark Levine has been Stephen Pollan's collaborator for sixteen years. He lives in Ithaca,
New York, with his wife, Deirdre, and his Newfoundland, Molly.


Mark Levine
Stephen M. Pollan, one of America's most trusted and admired financial advisors, is the author of more
than a dozen books, including the national bestseller Die Broke. He presently lives in New York City and
Litchfield County, Connecticut, with his wife, Corky, and in close proximity to his four children and nine
grandchildren.Mark Levine has been Stephen Pollan's collaborator for sixteen years. He lives in Ithaca,
New York, with his wife, Deirdre, and his Newfoundland, Molly.

								
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