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Personal Finance

The Motley Fool Money Guide

 

 

The Motley Fool Money Guide
by Selena Maranjian

Sample Pages

Introduction

Chances are, you’re moving through your life with a big secret. It makes you feel bad, but you’re too embarrassed to address it or confess to it. The thought of your colleagues at work or your children finding out is mortifying. No, I’m not talking about the fact that you love Doris Day movies. Or that you were the one who somehow managed to explode that frozen pizza in the microwave. Or that the reason your new diet isn’t working is that you keep stopping at Taco Bell on your way home from work.

No, it’s a different secret… and a big one. Here are some of its facets:

• I don’t know much about personal finance and I know even less
about investing.
• I have no idea what kind of insurance I need or what “market capitalization”
means.
• I haven’t planned for my retirement because I don’t know how.
• I’m just a big financial ignoramus.

If any or all of these ring true for you, you’re not alone. Far from it. Most of your friends, relatives, neighbors, and colleagues probably feel the same way. Just as you’re pretending that your financial house is in order, so are they.

You shouldn’t feel bad about this secret. It’s not your fault. Very few people are ever taught these things in school. Don’t think that it’s a hopeless situation, either. You can learn this stuff. It’s not difficult or mysterious, and the Fool is here to help you. The Motley Fool exists to help people learn about and manage anything financial. This book is here to serve you — to answer all those questions you’re too embarrassed to ask, to make you think about some issues that need your attention, to help you save money when you spend, and to help you make money when you invest.

Much of the information in this book is drawn from the Fool’s nationally syndicated weekly newspaper feature. At the time of this writing, roughly 200 large and small newspapers across the U.S. and Canada carry it. (If your local paper isn’t among them, just give the editor a friendly jingle and ask for it.) I write most of the feature, and I’ve often heard from readers that they crave a compilation of the information in it. This is the answer to those requests. It’s not exactly a compilation, though, as half of the content is new and the other half is revised and updated.

I hope you find answers to most or all of your financial questions in this book. If any questions are left unanswered, come visit us at Fool.com, where you can ask more questions and get speedy responses.

Here’s to a rosy future of smarter spending and successful investing!

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What is Foolishness?

Keep in mind as you read this book that, to us, “Foolish” is a positive adjective. The Motley Fool takes its name from Shakespeare. In Elizabethan drama, the Fool is usually the only one who can tell the king the truth without losing his head — literally. We Fools aim to tell you truth, too — that you can learn enough about money and investing to build a secure financial future for yourself. To learn more about The Motley Fool, drop by our website at www.Fool.com or on America Online at keyword: FOOL.

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