These economic times have hit America hard and the slow recovery has produced a cautious consumer Money Smart, a new personal finance book by businessman and former stockbroker Ted Hunter, provides the answer to the question many are asking themselves: Who should manage my money? Hunter states simply that individuals can manage their own money better than the financial experts can.
Hunter contends that financial services experts are trained in and excel at sales, asset gathering, and commission generation. According to Hunter the financial services industry attributed the success of their investment decisions from the mid-'80s to the end of the '90s to their own good judgment, not recognizing the larger forces at play on the market.
"The vast majority of these experts truly believed that market growth just goes on forever. It doesn't," states Hunter. "Look at all that's happened over the past few years in both the stock and real estate markets. What financial expert predicted what was coming, or protected their clients from those catastrophes? That is why I wrote Money Smart, to educate the consumer about the myths that the financial industry perpetuates and to put the control back into the consumer's hands where it belongs." In Money Smart, Hunter describes these myths:
Myth #1: "Money Management Is Very Complicated"
Myth #2: "Let Financial Experts Handle Your Finances Because They Do It Better Than You Can"
Myth #3: "Always Invest for the Long Term"
Hunter believes that with reliable basic knowledge of personal finance, the consumer can regain control of their finances and create financial freedom. His book, Money Smart: How to Spend, Save, Eliminate Debt, and Achieve Financial Freedom, offers a deeper look at these myths and directs the reader on how to avoid getting trapped by the advice of the so-called "financial experts."
Money Smart can be purchased online at www.MoneySmartOnline.com and at Amazon.com.
About the Author
Ted Hunter is a successful business man who, thirty years ago, built a successful real estate brokerage with over 100 agents, which went bust in the real estate crash of the late '80s. Learning from this experience he then entered into the stockbrokerage industry, successfully helping his clients make money and advising his clients to get out of the stock market in early 2000 before the market started to dive. In the fall of 2005 he did it again, warning all who would listen of the coming crash of the real estate market. He wrote Money Smart to share his knowledge of cycles in both the real estate and financial markets and help people take control of their money and create financial freedom.
Ted is a native of the New York City area and now resides in Davis, California, with his wife Suchit, and their daughter Kat. Ted is also the proud father of three adult sons: John, Dave, and....read more on San Francisco Chronicle
