Portfolios of the Poor Book Summary

"Portfolios of the Poor" unveils the hidden financial lives of the impoverished, diving into their complex strategies for managing money in a world filled with instability and uncertainty. The authors, through in-depth interviews and case studies, reveal how the poor navigate financial challenges, using unique savings and credit methods that defy conventional wisdom. This eye-opening exploration challenges stereotypes and presents a surprising picture of resilience and resourcefulness. With poignant insights and compelling narratives, it invites readers to rethink the nature of poverty and the economic systems that surround it. Discover how the choices made by those at the bottom of the economic ladder can shed light on broader financial issues facing society today.

By Daryl Collins, Jonathan Morduch, Stuart Rutherford, Orlanda Ruthven

Published: 2009

""The financial lives of the poor are not a mystery; they are a complex tapestry woven from dreams, struggles, and resilient choices.""

Book Review of Portfolios of the Poor

In this work, the authors report on the yearlong 'financial diaries' of villagers and slum dwellers in Bangladesh, India, and South Africa. The stories of these families are often surprising and inspiring.

Similar books you might like →

Showing 8 of 29 similar books

Similar Book Recommendations →

Hugh Jackman's Book Recommendations

Hugh Jackman, better known for his illustrious acting career, has made significant contributions to literature through his co-authorship of the popular children's book series, "The School of Life." Born in Sydney, Australia, Jackman has seamlessly transitioned from stage and screen to the literary world, captivating young readers with his imaginative storytelling. His work in literature reflects his versatility and dedication to inspiring and educating children. Alongside his wife, Deborra-Lee Furness, Jackman has also been involved in various philanthropic efforts, promoting literacy and education globally. Despite his Hollywood fame, Jackman's contributions to literature highlight his commitment to nurturing young minds.

Memoirs and BiographiesInspiring ReadsEducation

Brian Tracy's Book Recommendations

Brian Tracy is a renowned Canadian-American motivational speaker, self-development author, and business consultant. He has written over 70 books, including bestsellers like "Eat That Frog!" and "The Psychology of Achievement," which have been translated into dozens of languages. Tracy's work primarily focuses on personal success, leadership, time management, and sales strategies. He has also delivered over 5,000 speeches and seminars around the world, inspiring millions to improve their lives and careers. His practical advice and actionable insights have cemented his reputation as a leading authority in personal and professional development.

Self-ImprovementBusiness and LeadershipSuccess Stories and Life Lessons

Mark Zuckerberg's Book Recommendations

Mark Zuckerberg is an American technology entrepreneur best known for co-founding Facebook, the world's largest social media platform, which transformed global communication. Born on May 14, 1984, in White Plains, New York, he launched Facebook in 2004 while attending Harvard University. Under his leadership, Facebook expanded rapidly, influencing the social media landscape and digital advertising. Zuckerberg has also authored numerous articles and essays on technology, innovation, and the future of the internet. His work has had a profound impact on how people connect and share information in the digital age.

Business and LeadershipTechnology and FutureInspiring Reads

Ray Dalio's Book Recommendations

Ray Dalio is the founder of Bridgewater Associates, one of the largest and most successful hedge funds in the world. He is also the author of the bestselling book Principles, where he outlines his philosophy on life, leadership, and investing. Ray is renowned for his unique approach to transparency, radical truth, and thoughtful disagreement within organizations. His insights into economics and investing have made him one of the most influential figures in the financial world. Dalio continues to be a thought leader in business, economics, and philanthropy.

Business and LeadershipSuccess Stories and Life LessonsInspiring Reads

Alex Lieberman's Book Recommendations

Alex Lieberman is the co-founder and executive chairman of Morning Brew, a media company that delivers engaging business news. Under his leadership, Morning Brew has grown to reach millions of subscribers, becoming a significant player in modern business journalism. Lieberman is also known for his insightful commentary on entrepreneurship and media trends. His work has significantly influenced the way business news is consumed by younger audiences. Beyond Morning Brew, Lieberman frequently writes and speaks about the intersection of media and technology, further cementing his role as a thought leader in the industry.

Business and LeadershipMedia and Pop CultureTechnology and Future

The Barefoot Investor's Book Recommendations

Scott Pape, known as The Barefoot Investor, is an Australian financial advisor and author, best known for his best-selling book The Barefoot Investor: The Only Money Guide You’ll Ever Need. Pape’s simple, no-nonsense approach to personal finance has helped millions of Australians get out of debt, build savings, and invest for the future. His advice is based on practical, straightforward strategies that focus on budgeting, long-term investments, and financial independence. Pape’s work as a financial educator has made him one of the most trusted voices in personal finance, and his book has become one of the most successful financial guides in Australia.

Money Matters

Brian Armstrong's Book Recommendations

Brian Armstrong is a renowned entrepreneur and author best known for co-founding and leading Coinbase, a major cryptocurrency exchange. His literary contributions include insightful writings on the future of digital currencies and blockchain technology. Armstrong's work has been pivotal in demystifying complex financial systems for a broader audience. Beyond his business acumen, his thought leadership in publications and public speaking engagements has cemented his status as a key voice in the fintech revolution. His dedication to innovation continues to influence the trajectory of global financial systems.

Business and LeadershipTechnology and FutureMoney Matters

Sheryl Sandberg's Book Recommendations

Sheryl Sandberg is the COO of Meta (formerly Facebook) and the author of the bestselling book Lean In, which encourages women to pursue leadership roles and create gender equality in the workplace. She is a prominent advocate for women’s rights, particularly in corporate environments, and has launched initiatives to support women’s empowerment globally. Sheryl’s leadership at Facebook helped the company grow into one of the world’s largest social media platforms. She is also the founder of LeanIn.Org, a nonprofit dedicated to empowering women.

Women Who LeadBusiness and LeadershipSuccess Stories and Life Lessons

Showing 8 of 9 related collections

"The financial lives of the poor are not a mystery; they are a complex tapestry woven from dreams, struggles, and resilient choices."

Portfolios of the Poor

By Daryl Collins, Jonathan Morduch, Stuart Rutherford, Orlanda Ruthven