The Cold Hard Truth On Men, Women And Money (2012) - Plot & Excerpts
“Cold Hard Truth On Men, Women & Money: 50 Common Money Mistakes And How To Fix Them” by Kevin O'Leary is a very good book to get you thinking about what you make, how you spend, your debt, and your money in general. I, like many others, became familiar with Kevin O'Leary because of his role as a Shark on the popular television show, “Shark Tank.” Often referred to as the heartless Shark, or the one with no feelings, because of his insistence that money and investing should be kept separate from emotions and feelings, O'Leary shares some very practical advice in this book, and shows that he indeed has a heart and feelings, but he likes to keep them separate from his investment decisions. The book is divided into four main parts. The first, Spend Less, Save Well, Invest Often, contains chapters that deal with saving, investing, and getting debt free, something O'Leary preaches often. Part Two: Youth and Money, Learning & Earning, Dating & Mating has chapters on kids and cash, the cost of education, and advice on young love and money, including advice on prenups and questions you should ask your partner before you move in together. Part Three: Marriage, Mortgage, and Children focuses on life and money after marriage. Topics such as minimizing wedding spending, renovating smarter, minimizing baby spending, and money pits to avoid. The fourth and last part: Midlife Money Matters & Your Financial Legacy covers issues regarding money and aging. How to spot a gold digger, and crucial financial questions you must ask about late-in-life care are a couple of the topics covered in these chapters. If you are familiar with O'Leary from the television show, it is not hard to imagine sitting down and having a glass of wine together as he shares this advice. I found it to be good advice and quite practical. He after all, has made a lot of money and is happily married with children. So he has done what he advises on. (And he is open about telling about the mistakes he's made along the way too.)It's an easy book to read, and enjoyable. It's not dry nor boring as some books on finances tend to be. That might surprise some people as O'Leary himself says he's going to teach how to use clearheaded reasoning instead of emotions when making money decisions. The book is clearheaded, but it is interesting too. I recommend it to anyone wanting a shot in the arm regarding money matters from someone who has done very well financially, and has a direct way of telling it as he sees it. The cold hard truth about men, women, moneyBy Kevin O'LearyI've read his first book. It was hard hitting, and effectively said, make your own company, work for yourself (whenever you get the opportunity), but remember, that you are always replaceable.This was the message in his first book, among other things (which I reviewed previously). Then while working at the airport, I saw this book: men, women, money.O'leary is developing his brand name, while occasionally pitching his mutual funds and investment vehicles. Why not right?Well, the Cold hard Truth about men, women, and money is definitely a must read (picking and choosing the elements that are relevant to your reality in life).Kevin emphasizes consistently, GET OUT OF DEBT. Stop being an emotional spender, stop accumulating debt, and get rid of it as soon as possible. From birth to death, banks are after you, to give you loans, credit cards, and everything else that essentially puts you in their pocket for life.Find out how much you are spending, and how much you are making, and calculate whether you are bleeding cash, getting by, or saving like a boss.Then Kevin pitches a few investment ideas, including a diversified portfolio of 5% into specific segments at any given time. Including industries, gold, silver, stocks, options, bonds, etc. Only 5% of your investment total, in each. No more than that.Then we cover the expensiveness of babies, their education, getting a pre-nup before marriage (at all costs), and entering retirement (and still having cash).The key message here was to get rid of your debt, and invest. Once again, get rid of your debt. For mortgages, negotiate with banks for large lump sum payments, and finally, diversify your investment portfolio with no more than 5% in each investment.Great read and emphasis. 5/5 in my opinion.
What do You think about The Cold Hard Truth On Men, Women And Money (2012)?
Very informative. Not all chapters pertained to me, but the ones that did were quite good.
—roughrider15
Summary: stop spending all your money on stupid shit. It was a good reminder.
—suria
The most important thing I learned? Secret 10.
—Hino
