The Personal Finance Industry Scam (with Helaine Olen)

Pound Foolish, author Helaine Olen explained her background as a personal finance writer, how the personal finance industry got started, the story of 401ks, …

5 thoughts on “The Personal Finance Industry Scam (with Helaine Olen)

  1. Atlas is Shrugging …

    If the stock market does not go up over time … there will be no wealth to
    redistribute.

    SS tax over $113K? Are you serious? Likely people who make over $113K
    don’t need SS… Let them opt out. Let everyone opt out.

    Suze and Dave are right. You can’t afford cigarettes, $5 coffees, and
    lottery tickets. DENIED! Save that money, invest in the markets,and
    become a Wealthy Barber.

  2. Buying and selling stocks is like playing roulette. The dealer (trading
    companies) who take a cut of every transaction are the only net winners.

  3. Interesting discussion, I would like to get the book– However the problems
    associated with the industry and the characters like Dave Ramsey and Suze
    Orman at least give their followers some kind of plan of action. I am not
    sure becoming politically active to change the system is going to work or
    give me in my personal situation the results that will help my retirement.
    I don’t have much faith that the government or giant corporations are going
    to change and allow me to receive a “pension”.

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