‘Smart Is the New Rich’ Offers Financial Advice and Analysis

September 21, 2012

It’s not that difficult to figure out what this audio book is about, thanks to a spectacularly apt title, ‘Smart is the New Rich: If You Can’t Afford It, Put It Down’. But Christine Romans doesn’t confine herself to the subject of personal finance (although that is the main goal of her narrative). She also discusses the reasons why it is so important to practice personal responsibility when it comes to finance, especially since those who are in charge of our country’s finances are doing such a lamentable job. In any case, the listener seeking a diatribe on the current state of the economy (including the errors that brought us to this pass and the future if we don’t start to fix things) will enjoy this selection just as much as those who are looking for helpful hints on getting their own finances in order.

Some listeners may recognize Romans from her stint as a CNN money correspondent, so you are probably aware that she has the chops to back up her financial analysis. What you may not be sure of is what she can offer you in the way of advice beyond what is delivered in the title of this audio book. But what she aims to give listeners is the tools to help them live within their means, be saddled with less debt, and put themselves in a position that is less vulnerable, financially speaking. For the millions of adults that are living from paycheck to paycheck and crumbling under the burden of immense credit card debt, Romans is offering a way to withdraw from the consumerism that is sucking us dry and find a way to behave that is smarter in order to save money, spend wisely, and potentially even get rich.

Romans speaks intelligently (but accessibly) about such matters as dealing with debt, fixing credit, investing wisely, doing taxes, and of course, saving money. Since most of us don’t enter adulthood with the knowledge and skills needed to engage in financial planning, we can all use a little help when it comes to disbursing debt and saving for the future, and Romans delivers with sensible advice and easy-to-follow instructions of the “if you can’t afford it, put it down” variety. But she also offers a comprehensive breakdown of the financial collapse, outlining the errors (and arrogance) that took us into a global recession. And she goes on to discuss the potential pitfalls that lie ahead, especially if nothing is done to amend the reckless financial practices that our government currently employs.

Nearly everyone can benefit from the common-sense counsel and eye-opening appraisals of large-scale spending offered in this audio book. So whether you’re looking for ways to overcome student loan debt, you’d like to lower your mortgage payments, or you’re interested in saving for retirement, Romans can give you better advice than most¬†local accountants¬†(although if you’re in need of financial planning services, the latter can certainly address the particulars of your situation). At the very least you’ll get a clearer picture of the financial crisis facing our country, and indeed, the world. And you’ll likely find plenty of lessons that you can implement in your own life in order to become smarter (and richer) where your finances are concerned.

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