In these tough
economic times, people are wondering why they can’t seem to make ends meet, why
they aren’t able to put money away in savings, and how they’re going to save
for retirement or college education. While many people have good salaries, nice
cars and a beautiful home, they can’t seem to put any money aside at the end of
the month in savings or an investment account.
The
financial crisis fascinated Doug. On his website he comments, “Of the crisis'
many causes, the cumulative influence of millions of people's poor personal
financial decisions stands out. Why did so many people buy homes they couldn't
afford and finance those purchases with mortgages they couldn't pay?
The
massive amounts of debt that people accumulated does not mean that Americans
are stupid or greedy, or that they cannot defer gratification. It reflects the
fact that people have substantial conflicting financial objectives and they do
not know how to balance them all.”
In the
new book, 'If I'm so
Smart, Where did all My Money Go?' author Doug
Warshauer (September, 2010, $24.95) takes a unique approach in sharing his
principles for getting on solid financial ground. Through the use of a
fictional story, Doug presents ten different individuals who have financial
struggles of various types. In the story, these ten people are attending a
financial seminar and are learning where they have gone wrong, what they need
to fix, and how they can start saving and investing.
'If I'm so Smart, Where did all My Money Go?'offers
specifics for anyone to learn how to establish financial stability. Author Doug
Warshauer explains in an understandable and no-nonsense approach, what
families, individuals and seniors should be budgeting or spending each month on
their various expenses starting with the largest and most prominent
expenses--home and automobile. He explains which are the next expenses to
review and how to keep these expenses in line.
Topics discussed
include.
- 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 current
books on the marketplace today offer conventional advice avoiding the tough
questions 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. People
desperately need actionable financial advice.
At the
end of 'If I'm so
Smart, Where did all My Money Go?' Doug has
provided several worksheets and tables to further aid readers in their plans.
He has also created numerous complementary printable forms and downloadable
spreadsheets for personal information and to easily build a Lifetime Financial
Plan that are free on his website, www.DougWarshauer.com.
