Member Reviews
By the end of the book, you will be armed with lot of knowledge about financial success. True to the title, its what you dont know that hurts you aka blindspots. You will what to look out for in the saving/investing arena.
This book started out really good. I was shocked when the authors talked about taxes being the devil in the room instead of spending. Most people overlook taxes, so this was a great way to start out the book.
Then it began to go downhill. The first strike against the authors was when they highly praised the book, Rich Dad, Poor Dad by Robert Kiyosaki. This book is trash when it comes to personal finance and has proven to be a made up narrative of that authors imagination.
The second strike was when they cited a study stating that people with managed accounts had 4x more money invested then others. I actually clicked the link and the study was from 2012, from ONE mutual fund company.
Third strike was the authors saying that most people, the MAJORITY of people don't save enough for retirement. Then they go on to say might as well take on debt, LOTS of debt. From getting a 30 year mortgage and investing the rest (news flash, people aren't investing/saving the difference between a 15 year mortgage and a 30 year mortgage) and getting a brand new car with financing.
I could not take this book seriously after that.
Further, they are both insurance brokers so be prepared for the sales pitch FOR ALL TYPES of insurances, whether a person needs them or not.
Overall, the book started off strong and then went downhill in the financial advice area.