Money & Morons
How to Build Wealth and Protect Yourself from the Great Conflux
by Paul Daneshrad
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Pub Date Jan 09 2024 | Archive Date Jan 09 2024
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Description
The Great Conflux is underway.
For the first time in American history, several events are simultaneously unfolding that, when combined, create new levels of risk and contagion not seen before. Human longevity, an aging population and unprecedented levels of debt and deficits will create The Great Conflux and the worst part is that it’s all our fault. We’re the ones who elect politicians who are not mandated to control spending and reduce the national debt. That moronic behavior pushes us further and further into a debt spiral that will be impossible to pull ourselves out of. The outcome is inevitable: crisis. That crisis could come in the form of inflation, rising interest rates, lower home prices, higher taxes, political instability, currency depreciation, decreased trade, and even national security concerns. And when that crisis arrives, the government and politicians won’t be able to save us. It will be the responsibility of every individual to insulate themselves and their families.
Are you prepared for when a crisis hits? Most Americans don’t have enough money saved up to cover a medical emergency, never mind retire. Many assume the reason for this is because they don’t make enough money, and while learning how to be more productive with your time and earn more money is part of the equation, the problem is more complicated. The basics of saving and investing are not taught in school, so most people enter the workforce already behind the eight ball. What makes the problem exponentially worse is the disease of consumerism that has spread throughout our culture like wildfire. Every day, we are bombarded with advertisements convincing us to buy things we don’t need. The grand lifestyle we are being pitched is not attainable by the average citizen without properly saving and investing.
Money & Morons is a wake-up call for those who want to become wealthy and stay wealthy. It doesn't matter your background or age; if you desire to work hard and have the discipline to make money, save, and properly invest, this book can become a valuable tool in protecting yourself and your family. It’s not an easy first step to take, but nothing can be improved if that step isn’t taken. This is how you do it.
Featured Reviews
Reviewer 472576
I enjoyed the straightforward information in this book. It gave me more perspective on the current financial and other crises going on in the United States, and the world as a whole. I found the chapters quick, concise, and filled with facts and figures explained in everyday terms,
This book is a valuable source of ideas for anyone looking to ensure themselves and their families are well protected financially for the coming years.
Reviewer 911844
I was really interested in reading a book that talked about personal wealth and how the current economy factors into those choices. But unfortunately, this book didn’t end up being for me. I did find some of the information really interesting and appreciated that there was a lot of research cited to try to back up what the author was saying. I would have preferred the citations in the back of the book but I could see them being at the end of the chapter would be good for some. I also thought the key takeaways would be helpful if I felt confused or wanted to refer back to the info without having to completely reread.
With that said, there were some things that didn’t work for me as a reader. The first chapter felt irrelevant for the majority of it. It took until 18-20% of the entire book to get into how longer lifespans and national spending puts us into a precarious spot as individuals. Then the next 20% was spent on explaining a bit about the national debt and the GDP. Which was vital information to understand. However that meant that by 43% of the book we have yet to approach the subject of individual wealth in relation to these. That wouldn’t be a problem per se, but then I found that the subtitle to be less fitting. Even so, I still felt there was a lot of context missing and some glaring contradictions that made me wary of the data the author was sharing or his representation of the data he was sharing. Additionally, the writing is very academic in how the author refers to references which made it a bit dry. As someone who has read a lot of academic papers this didn’t bother me, but I could see it being too dry and off putting for others.
Overall, I felt like the subtitle didn’t fully encompass the entirety of the book, it could have used some edits to streamline the information and make it less academic sounding, but it did have some interesting information for me as a reader.
Thanks to the publisher and Netgalley for giving me access to an eARC of this book in exchange for an honest review.
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