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The Ultimate Money Survival Guide: Protect Your Savings, Boost Your Income, and Grow Your Wealth Even in the Worst of Times
Release Date: April, 2009
Publisher: John Wiley and Sons
An insightful look at how to protect, save, and grow wealth in difficult economic timesHaving an effective financial and personal plan for the future is now more crucial than ever. And with the bestselling The Ultimate Depression Survival Guide now in paperback, you'll quickly learn how to create such a plan. This comprehensive guide was especially designed to help people map out a practical financial plan in this unpredictable economic environment, so that they can stop worrying about their money and just enjoy life.Step by step, Martin Weiss-America's Consumer Advocate for Financial Safety-introduces, explains, and helps solve many of the new challenges and risks that face millions of Americans. Throughout the book, Weiss provides you with sound strategies for coping with the credit crunch, housing bust, and decline of the U.S. dollar.Discusses different ways to adapt to the realities of continuous market volatilityContains solutions to dealing with sinking real estate or falling stocksExamines the opportunities you'll have to buy choice assets at bargain prices during a depressed economyThe Ultimate Depression Survival Guide also examines important topics that today's investor must be familiar with-including global investing, foreign currencies, and commodities-if they intend to make it through the decade ahead.
||John Wiley and Sons
||1.0 x 6.5 x 9.0 in.
Comprehensive survival guide for the depression
Posted by Sandy Winnich on 4/13/2009
Weiss' "The Ultimate Depression Survival Guide" is a smart, well-written book full of sound financial principles, all of which make it worth buying. Using historical examples, recent trends, and advice from dad, Weiss brings a well-rounded understanding of the current economic crisis to the reader in a simple, easy-to-understand fashion.
His advice is summed up in a couple quotes: the depression was inevitable because of the housing bust, the mortgage meltdown, and the biggest debt crisis in history. The housing bust was cased by Fannie and Freddie Mac (as Weiss explains, "some of the largest speculative bubbles of all time were born out of government-sponsored monopolies"). And we can "kick the can down the road" (meaning we can bailout broken firms and "stimulate" the economy, but that will just delay the inevitable major crash.
But we can't do anything about our governments' reckless behavior until the next election, so Weis offers immediate advice to readers that they can do somehting about: save, reduce debt and sell stocks (the latter one might not be such a hot idea since it appears the markets have at least started a major rebound). He gives very good advaice about looking for the bottom of the economic retraction: look for the government to capitulate (give up trying to save the world!). He recommends investing in etfs (or reverse etfs) and treasury-only MM Funds.
This is a great read and highly recommended, though Weiss neglects a major contributor to the problem: the Federal Reserve. If you're looking for a bit more unconventional but very beneficial techniques for thriving in this economy check out Surviving the Second Great Depression: How to Take Advantage of the Government That Is Trying to Take Advantage of You. For a better summary of what got us here check out Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse.
Posted by J. Stone on 4/15/2009
Dr. Weiss has written a book that even the not-so-adept financial person can easily understand and relate. During the recent months - so many words have been floating across the media - bailouts, bankruptcy, stimulus, financial tsunami - that I have encountered sleepless nights and worry for my family and our income. Thanks to Dr. Weiss, I now have a better understanding of why this crisis happened, what the next phase will be, and most importantly - how I can better prepare for the future. He explains everything from choosing my bank...keeping more of my money... paying down debt... to whether to sell or keep my home . Even better he shows steps to secure my investments and how to even grow my wealth now and when the economy recovers.
I would highly recommend this book to anyone who is concerned about theirs and their family's financial future.