Reddit mentions of Pound Foolish: Exposing the Dark Side of the Personal Finance Industry

Wow, this is such simplistic answer to an issue with a lot of nuance. I encourage you to read: http://www.amazon.com/Pound-Foolish-Exposing-Personal-Industry/dp/159184679X.
In it, the author exposes the basic lie that all you have to do is save here and there to make a big financial impact. Like cutting out Starbucks every day and saving it, for example. Most wealthy people acquire their wealth via inheritance, period. There is no meritocracy; median wages have been flat for a decade or more, while prices have risen steadily during that time. The socio-economic/political structures are all designed to protect the ruling class’s wealth and maintain the existing power dynamics. Saving your daily Starbucks money in some 4% account won’t change the fact that you will likely live and die in the same financial/socio-economic class as your parents.

There's a book I read called Pound Foolish a few years ago that helped me put the volume of information out there in perspective for me. Basically it looked at a bunch of websites and authors claiming to have all of the answers to help you get rich and showed that maybe their claims weren't as good as they said they were.

The take-home was that I shouldn't pay for newsletters or subscriptions and be choosy about the books I buy (nothing wrong with the Dummies series!) and think that I'm that much better off because of it. And no, the author's no fan of Suze Orman...

Not really, Pound Foolish talks about how the "Latte effect" is a farce.