25 Myths You'Ve Got to Avoid-If You Want to Manage Your Money Right

STOP THINKING ABOUT MONEY IN THE SAME OLD WAY

Have you ever been told that you can't go wrong with mutual funds? That stocks are risky? That you should take out the largest mortgage possible? That life insurance is a good investment? That you should keep six months of emergency money? These myths and more are shattered in 25 Myths You've Got to Avoid -- If You Want to Manage Your Money Right. Each of the book's twenty-five chapters tackles a cherished money myth, first telling you why it no longer works and then showing you how to do it right. Along the way you will learn winning strategies for investing in mutual funds, building a portfolio, saving for retirement, paying for college, buying a house, preparing for financial emergencies, selecting insurance, and planning your estate.

The result? Instead of the predictable compendium of tedious advice tossed out by most personal-finance tomes, Clements's book offers a witty, fast-paced journey through today's treacherous investment world. Amusing and irreverent, here is an intriguing and accessible approach to personal finance.

Jonathan Clements is an award-winning financial journalist. Born in London, England, and educated at Cambridge University, he spent over three years at Forbes magazine in New York before moving to The Wall Street Journal in January 1990. During his eight years at the Journal, he has spearheaded the paper's mutual funds coverage, written the "Heard on the Street" column, and authored personal-finance articles, before being given his own column in October 1994, "Getting Going," which appears every Tuesday. Clements, a winner of four journalism awards, is also the author of Funding Your Future: The Only Guide to Mutual Funds You'll Ever Need, published in 1993. He works at the Journal headquarters in New York City and lives in Metuchen, New Jersey.