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Any recommendations for economic self-help books?
The Atlanta Journal-Constitution
I just looked on Amazon’s best-seller list, and was a little surprised there were hardly any books there that might help people — or even purport to help them — with the current economic crisis.
The only thing I found was “Crash Proof: How to Profit From the Coming Economic Collapse” by Peter D. Schiff and John Downes, which was of course written before this collapse, but seems pretty nuts and bolts advice-driven.
There were a couple of books I think folks may be buying because of general anxiety, including “The Snowball,” a biography of Warren Buffett, and “The Forgotten Man: A New History of the Great Depression” by Amity Shlaes, but I don’t think those are going to be of any real assistance.
I’m thinking maybe books are not our best resource for figuring out what, if anything, to do as we watch our 401(k)s crater, but maybe I’m wrong. Can anyone recommend a good book that helps readers with this mess?
Here’s additional information on coping with the financial crisis
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By geekboy
October 10, 2008 9:53 AM | Link to this
“The Richest Man in Babylon” by George Clason should be required reading in every public school in America. Read it, live by it and make your kids do the same.
By JB
October 10, 2008 10:01 AM | Link to this
“Basic Economics” by Thomas Sowell - a good primer on everything that social democracies (think rent control, anti-gouging statues, income redistribution, etc.) get wrong about econ, and unfortunately the exact direction in which this bailout points us
By jakesdad
October 10, 2008 10:30 AM | Link to this
knowing WHAT to do is the easy part (spend less than you make - DUH!) - having the discipline to DO it is the trick and no book is going to fix that for people.
By mark
October 10, 2008 11:42 AM | Link to this
The Collapse of the Dollar and How to Profit from it by James Turk
By Another point of view
October 10, 2008 12:21 PM | Link to this
I read Crash Proof and he spelled all this out. The only part that has confused me is he recommends putting your money in the euro or yen yet they’re having major problems too. I guess the mattress is the only safe haven.
By Peter Knox
October 14, 2008 3:14 PM | Link to this
Schiff has a new book out now, “The Little Book of Bear Moves in Bull Markets” and it couldn’t have been better timed. It explains, in simple language and manageable format, how to protect your assets, stay liquid, and actually make money during all of this. Check it out.