I am literally drinking a Starbucks Tall Java Chip Frappuccino as I write this.
Thank goodness Helaine Olen and I both know that this single indulgence won’t ruin my capacity to save for tomorrow or save for retirement. My “capacity to save” has much more to do with large-scale economic forces than with my individual financial choices. Hooray!
Are you ready to discuss Pound Foolish next Wednesday? I have no idea what I’m going to write about this book yet. I might just post a picture of me looking terrified. I might type “I knew it!” in 100-pt font. Or maybe I’ll write a song titled “Benjamin Franklin Does Not Think 1.5% Compound Interest Is All That Magical.”
We’ll talk soon. If you haven’t read Pound Foolish yet, you still have time before Wednesday.
You should also read Mike Dang’s interview with Helaine Olen, “A Conversation with Helaine Olen About the Dark Side of the Personal Finance Industrial Complex,” because it is both an excellent companion to the book and an excellent interview.
(In fact, you could probably participate fully in the book club discussion by reading the interview in lieu of the book. Not that I’m suggesting you do that. But it is an option.)