Ever heard about "Banking on yourself" ?

aristote33

Hello,

Has anyone heard of this forthcoming book by Pamela Yellen, titled Bank on yourself ?

Is it of any interest, as far as you can understand the content of the book for the table of contents?

http://www.amazon.co.uk/gp/reader/1593154968/ref=sib_dp_bod_toc?ie=UTF8&p=S008#reader-link

Thank you.

Hazzanet

:spam: reported.

aristote33

My message has nothing to do with a spam.

I'm just interested in getting insight from the very knowledgeable people who use the MSE Forum.

For your information, here is the Oxford English Dictionary's of a spam:

"Originally: irrelevant or inappropriate postings to an Internet newsgroup, esp. messages sent to a large number of newsgroups simultaneously, often for advertising purposes; an act or instance of sending such messages. Now chiefly: similar unsolicited electronic mail, esp. when sent to individuals as part of a mass-mailing."

My original post above:
- is completely relevant to the MSE Forum since the book referred to is about personal finances and banking;
- has not been sent to a large number of newsgroups simultaneously but only to the MSE Forum;
- is not advertising but just a query for advice, in the same way as other members ask for advice about ISAS, insurance, credit cards, and bank accounts (unless every member does somewhat advertise about the product they ask and give advice about...).

staffie1

Hazzanet wrote: »

:spam: reported.

Why is this spam, Hazzanet?
If I said to you, look at the following internet link - it says you can buy on get one free on the bacon, does that make me a spammer?
:huh:

aristote33

Thanks staffie1. Good to know I'm not getting the whole thing completely wrong!

staffie1

You're welcome aristote - some people get on my wick.

aristote33

I'm still hoping for insightful points of view on the original matter, by the way.

(I've read the first pages available for reading online. It does sound a bit wierd, especially with repeating things over and over and emphasizing the conspiracy theory again and again.)

Hazzanet

Apologies, looking again I have my wires crossed.

At first glance it looked as though the link contained a referral ID which would be against the board rules. On second glance, it looks like an internal redirect.

Sometimes I get things wrong, and this is one of those times. Sorry.

aristote33

Ok Hazzanet. Apologies accepted. Do you write again to [EMAIL="abuse@MSE"]abuse@MSE[/EMAIL]... too to flag up your mistake?

Anyway, I'm still interested in insightful points of view in the theme of the book I mentioned above. Considering what personal finances have gone through in the last semester, it seems it is worth having an informed discussion of that topic.

getmore4less

aristote33 wrote: »

I'm still hoping for insightful points of view on the original matter, by the way.

(I've read the first pages available for reading online. It does sound a bit wierd, especially with repeating things over and over and emphasizing the conspiracy theory again and again.)

Had a read, not a lot to go on, one key feature seems to be save for things and have buffer funds so you don't borrowe/pay interest.

How they do the get the money back on all purchases is a mystery from what is in the summary.

Hazzanet

And in response to the original question.

I'm sceptical of the book, partly because it's aimed at the American market so it will contain information relevant to USA citizens and not those in the UK. For example, if you give something to charity, you can effectively use the value of the item as a tax-write off when you submit the US version of a tax return.

Whilst it probably contains interesting ideas, I'd suggest most of what the author says is available for free on the internet, if not on this site so it's probably not worth the £13.23 currently being asked for it.

That's my 2p.