- Rethinking the American Dream in a New Economy
- Narrated by: Victor Bevine
- Length: 7 hrs and 23 mins
- Unabridged Audiobook
- Release date: 06-04-10
- Language: English
- Publisher: Audible Studios
Regular price: $19.95
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Retirementology bridges retirement planning with investor psychology and the market Meltdown of 2008 to produce an entirely new way of thinking about how we spend, how we save, how we borrow, and how we invest.
Financial mistakes are deeply rooted in human nature, but you may be able to overcome them - if you understand the breakthrough principles of behavioral economics and apply them in your own retirement planning.
Dr. Gregory Salsbury identifies some of the classic cognitive biases and behavioral mistakes most of us keep making when it comes to retirement planning. For example: Why will people drive 45 minutes to use a $2.00 coupon? Why won't people sell a poor performing stock just because they inherited it from grandma? Why do people spend differently with a credit card than they do with cash? Why do people believe that they paid no income taxes because they received a refund? You'll learn why the financial meltdown has amplified the impact of these all-too-human cognitive mistakes and discover ideas for addressing them.
The bottom line for your bottom line is that retirement can no longer be ignored, viewed as a single event, relegated to a zone, or romanticized. Instead, you must understand how every spending and financial decision you make from here on can impact the way you will spend your golden years. Retirementology attempts to help you do just that.
Customer ReviewsMost Helpful
By Patrick on 07-11-10
Fresh perspective on retirement
Pretty basic financial advice. I found the behavioral psychology parts rather interesting. Learning why most people would rather sell a stock that has doubled vs one that has lost half its value could be very useful during a lifetime of investing and spending money. Certainly no entirely new concepts just a fresh perspective from a psychological point of view.
1 of 1 people found this review helpful