Don't Let Technology Crack Your Nest Egg
What's It About?
Do you feel less guilty clicking “add to cart” than you would putting items into a physical cart?Do you save your credit card information in your browser for easier checkouts?
When you spend money online, do you track your digital receipts, or are you surprised when you check your balance each month?
If any of the above scenarios sound familiar, you might benefit from reading Don’t Let Technology Crack Your Nest Egg: Rethinking Personal Finance for the Digital Age (SelectBooks). In this book, Ken Kamen, economic guru and president of Mercadien Asset Management, lays out the stark realities of saving for retirement in the online landscape.
Whether we like it or not, technology and the internet have become integral parts of how we live our lives, and online shopping has replaced brick-and-mortar stores for just about every type of purchase. Heck, you can even buy your groceries online now!
Kamen understands the risks that technology can pose to your nest egg and has created the ultimate guide to keeping your savings intact. In this book, Kamen explains how to:
- Suss out bogus, predatory “investment opportunities”
- Avoid the spending sprees that come with the online shopping territory
- Protect your identity and credit/banking information from hackers
- Knowing when and what to buy while keeping your buying habits private
Drawing from nearly forty years of experience in the securities and personal finance industries, Kamen illuminates the path to safe retirement for pre-retirees, specifically focusing on how the internet has changed the game.
He notes the phenomenon of widespread net use, or “The Internet of Things — the increasing interconnectivity of all appliances by chips” and argues that it “compromises our privacy and leaves us vulnerable to an even greater degree.”
Don’t Let Technology Crack Your Nest Egg offers an easy-to-understand walkthrough for those on the cusp of retirement as well as those who are just starting to save. While many guides to saving for retirement tell readers how they might scrimp and save and make their money work for them, this book is unique in that it explains how to avoid the financial pitfalls that technology has introduced.
Sometimes it’s even more helpful to know what not to do, and where is that more important than when it comes to your hard-earned savings?
Kamen supplies the tools to protect your (digital) wallet and (digital/real) identity:
- Tracking your personal data and seeing what’s been exposed
- Keeping your communications on the internet private
- Making sure that none of your information appears on the dark web
If you follow the guide Kamen has laid out, your retirement fund will thank you. The internet doesn’t have to be such a scary place, provided you know how to keep yourself (and your money) safe!
Learn more about Kamen on his BookTrib author profile.
