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A Motivational Speech Minus the Motivation
on August 7, 2002
I bought this book thinking that it would offer tips and strategies pertaining to how to begin investing, planning for future and retirement, or even just how to better understand financial jargon. It offered none of the above.
The book details (repeatedly) how women grow up thinking some man is going to come along and take care of them. Sure, I get that. The book is, after all, called "Prince Charming Isn't Coming". Ok, so I get it in chapter one. Why then is the author still going on about societal brainwash and female dependancy halfway through the book? We, the readers, are still stuck on the same lesson started on page one! I found that frustrating and condescending.
Instead of educating the reader about IPOs, Stock Mutual Funds, IRAs, or even general budgeting techniques, the reader is dragged through murky and irrelevant topics such as the psychological stages of learning: Unconscious Incompetence, Conscious Competence, Unconscious Competence, and Conscious Competence. Hmm... thought this was a book on money, not psychology!
Perhaps most infuriating is the assumption that the reader, a woman, will not be able to comprehend anything that a financial pro might say to her. For example, this charming passage insinuates that even the author, daughter of one of the founders of H&R Block and the 'guide' who is leading us through this 'journey' needs to have it 'dumbed-down'.
"Sometimes when I met with financial professionals, I brought my statement along. 'This is a very conservative portfolio,' they would say. I had no idea what that meant. They would patiently explain everything, but their words, like rising steam from a boiling kettle, floated right over my head."
The only saving grace of this book, in my opinion, is the Resource Guide in the back of the book, where the author tells you where you can find information that will actually be useful.
I strongly recommend against this book if you're looking for solid information and trying to learn about the world of financial planning and investing.