Financial adviser Carl Richards gave himself bad advice. During the housing boom, Richards bought a place in Las Vegas with no down payment. He then borrowed more money against his home, and when the economy tanked, he was forced to sell the house for less than the original loan. Richards talks to Linda Wertheimer about an article he wrote for The New York Times, which led to his new book The Behavior Gap.
Why Fear, Greed Block Successful Financial Planning
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