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Cold Hard Truth On Men, Women, and Money: 50 Common Money Mistakes and How to Fix Them Paperback – July 8, 2014

ISBN-13: 978-1476734446 ISBN-10: 1476734445 Edition: Reprint

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Cold Hard Truth On Men, Women, and Money: 50 Common Money Mistakes and How to Fix Them + How to Win at the Sport of Business: If I Can Do It, You Can Do It + Shark Tales: How I Turned $1,000 into a Billion Dollar Business
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Product Details

  • Paperback: 272 pages
  • Publisher: Gallery Books; Reprint edition (July 8, 2014)
  • Language: English
  • ISBN-10: 1476734445
  • ISBN-13: 978-1476734446
  • Product Dimensions: 8.7 x 6 x 0.7 inches
  • Shipping Weight: 9.9 ounces (View shipping rates and policies)
  • Average Customer Review: 4.1 out of 5 stars  See all reviews (78 customer reviews)
  • Amazon Best Sellers Rank: #10,238 in Books (See Top 100 in Books)

Editorial Reviews

From Publishers Weekly

Starred Review. Books on investing usually require a thorough understanding of how the stock market works, and can frustrate or overwhelm the lay reader. Enter O&'Leary (Cold Hard Truth: On Business, Money & Life), a tremendously successful entrepreneur who moonlights as an investor on TV&'s Shark Tank. In his latest book, O&'Leary guides readers through financial decisions big and small, challenging them to understand their relationship with money, and focus on improving that relationship. These changes, according to O&'Leary, will ultimately lead to greater financial stability. The beauty of O&'Leary&'s approach is that it&'s straightforward and addresses the reader&'s changing financial needs at different life stages, from wedding planning and marriage, to buying a new home and having kids, to midlife and retirement. He lists numerous common money mistakes that people make and how to fix them, including: drowning in credit card debt; having no emergency savings; and not knowing where to invest. O&'Leary pays particular attention to raising money-savvy kids and addresses the high cost of higher education and the lower costs of retirement. Full of valuable advice imparted in a no-nonsense manner, this book will have a profound effect on how people relate to and manage their money. Agent: Mel Berger, William Morris Endeavor. (Oct.) --This text refers to the Hardcover edition.

Review

“Stressed out about the grown child who won’t leave your basement? Have family members circling like vultures now that you’re retired and saved your nest egg? Unable to climb out of debt? As if he were the Don Cherry of financial wisdom, O’Leary provides strongly worded, anecdote-driven answers, unafraid of the people he might offend.” 
National Post

“Full of valuable advice imparted in a no-nonsense manner, this book will have a profound effect on how people relate to and manage their money.”
—Publishers Weekly

--This text refers to an out of print or unavailable edition of this title.

Customer Reviews

I love you, Kevin O'Leary!
Carolina
The book was written very well, couldn't stop reading it, entertaining and helpful.
Philip
This is one book that I am reading for the second time.
Passion for food

Most Helpful Customer Reviews

24 of 25 people found the following review helpful By green tea on December 31, 2012
Format: Paperback
Kevin is not my favourite character on Dragon's Den as he often seems to be too harsh, and also I find the extent of his proclaimed love for money a bit appalling. However, what I like and respect about his character is that he always remains true to himself. That was one of the reason I have decided to pick up this book for my next read.

The book turned out to be entertaining, well written and quite self-disclosing. The book does not leave me wondering about some pages of his life - he provides the detailed narrative starting with his childhood, ancestry, parents (I loved that part of the book - it tells me a lot about where he is coming from and why he is the way he is; also, the characters were so vividly written that I could totally see them). Then he is moving on to the young years and the way he got into business; he also does not leave out the controversial period in his biography such as Mattel deal that was named in Wikipedia to be one of the worst acquisitions in the history of business. After reading about this deal in Wikipedia first, I was curious to read O'Leary's take on the events, and his version of the events sounds quite plausible.

The book is a mix of the memoirs and business /life lessons that are presented in the form of quizzes or "take out" points. Even if you don't agree with his philosophy I think you still may find some food for thoughts and at least will see things from a different perspective. To me, the book was refreshing and energizing. I'm not an entrepreneurial type, but I've found a lot of ideas that I could apply to my life.
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20 of 22 people found the following review helpful By J. Yelowitz on November 18, 2013
Format: Hardcover
I'll presume that most potential readers of Mr. O'Leary's book are fans of the show Shark Tank, so I'll spare them the introduction of Mr. Wonderful. We all know him as the acerbic, money-oriented, bottom-line investor who can reduce an accomplished entrepreneur to tears in seconds. For that reason, it was fun to see his more human side in this book. He distributes excellent financial and life advice for people of all ages and in differing situations. He explains how to think about money, how to develop good money karma, and how to save on all of life's big events. In his no-nonsense style, he disburses blunt, sometimes controversial advice such as:

* Don't have kids. Ok, you can have them, but really think it through since they're little money spongers and we all know couples who decided they didn't need kids and are happy;

* Consider skipping college and going into a trade like plumbing or electrical. (This tidbit was my favorite.) He administers a short personality test and explains that some people are made for college and some are not. For those who are not, they may find more enjoyment, and yes money, pursuing an internship in an old-fashioned trade. This was a pleasant counter point to the nonstop media barrage that every kid should go to college even if it means taking on back-breaking debt;

* Consider renting, not buying a home;

* Consider living without a car;

* Don't confuse indulgences (such as boats, certain home renovations, vacation houses) with investments.

Much of what he discussed will be familiar to those who enjoy personal finance literature, but Mr. Wonderful delivers with a catchy writing style, a down-to-earth tone, and his famous wit.
Read more ›
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6 of 6 people found the following review helpful By PlatoFromTexas on February 24, 2014
Format: Hardcover
Mr Wonderful comes across much more down to earth in this book than in his show. But some of his cold hearted
savvy does reveal itself in dealing with children who come back to live at home.

Much of the advice here revolves around making sure that money doesn't leave your pocket unless it is a necessity.
Avoid debt, save money for rainy days, be careful with the credit card,...
It is really an issue of separating ones needs from desires. I found these all to be common sense advice but good to
have someone repeat it again (and again..)

The advice on saving money as a means of growing wealthy may not hold the same power as it did a couple
of decades ago. Saving money based on compounded interests at 4-6% per year is probably true with risky
bonds but not a reality for most average savings accounts which are closer to 0% per year.

Investing advice such as buying dividend equities is valuable. I would like to know what the stats are for the
past decade with regard to growing ones money using this strategy.

Overall a good book and especially good to read some aspects of his own background.
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8 of 10 people found the following review helpful By Mr. Terence J. Nugent on July 23, 2013
Format: Paperback Verified Purchase
O'Leary has written a busines book within a memoir. His life story is interesting and well written. His advice on busines is sound, and based on a successful career. He also has good advice on investments (of course he is always selling and runs his own onvestment firm, but he is transparent on that and I almost picked up the phone to get more information based on what seems to be a sound investment philophy on his part).

His advice on sales and raising money is simple: Pick..Up..The...Phone. As Donald Trump says, the messenger just as important as the message, and most people are nt as charismatic and engaging as O'Leary, but the advice stands.

I learned a lot about how to view people. One quote that stuck in my mind--and aI paraphrase--if I approach someone about an opportunity and they decline, they are dead to me. A bit melodramatic perhaps, but this philosphy completely obliterates fear of rejection and diminished self-confidence. It may be a useful psychological tool for those who suffer from such issues. O'Leary cleary does not.

All in all, salespeople and entrepeneurs, in fact businesspeople of all stripes, will benefit from reading The Cold Hard Truth. I have seen only a few minutes of The Shark Tank, but I look forward to the next season and would like to catch up on past episodes based on getting to know "Mr. Wonderful" via this book.
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