If you're one of the millions of Americans who is buried in credit card debt, or maybe you're having trouble deciphering the fine print on your 401(K)—that is, if you even have a 401(K)!—don't dismay. You can start taking steps toward closing your financial illiteracy gap right away with the sound, practical personal finance advice offered up in Reuben Advani's Financial Freedom.
Designed for young adult professionals but filled with crucial information that will financially empower readers of all ages, Financial Freedom is more than just your standard personal finance book, which offers up plenty of encouragement but very little actionable advice. Instead, this user-friendly guide stands alone thanks to the clear approach it takes to the topic of personal finance. So, no matter whether you are in the market for a new car, are looking to become a first-time homeowner, want to save up for your child's college education, or have decided to try your hand at investing, you'll find engaging, nonjudgmental answers to your most pressing financial questions in this invaluable resource. Jam-packed with financial guidance yet presented in a gentle, humorous manner, Financial Freedom will teach you:
The ins and outs of the world of finance, including targeted advice on how to use its tools to create a better financial future for yourself;
The difference between good debt and bad debt—as well as tips and hints for avoiding the latter of the two;
The low-down on mortgages, auto loans, student loans, and credit cards;
Strategies and techniques for investing in stocks, bonds, and real estate;
And much more.
When it comes to securing your financial future, building a strong foundation of financial knowledge and skills is the smartest thing you can do. Put yourself on the path to long-term financial literacy, independence, and success with Financial Freedom, which provides all the information you need to make sound financial decisions for a lifetime.
What you'll learn
Concrete strategies for increasing your financial literacy and cleaning up your financial situation, no matter how dire your financial straits may be
How to take charge of your personal balance sheet by keeping constant track of your assets, liabilities, and equity
How money market accounts, certificates of deposit, and bank accounts can help you maximize your savings and build your financial opportunities
The differences between stocks, bonds, and the wide variety of available alternative investments, as well as techniques for investing in each type of financial instrument
How diversification and active money management will enable you to build your wealth and achieve your long-term financial goals
Who this book is for
Financial Freedom is a friendly, hands-on guide that is specifically geared toward college students and young, entry-level professionals who want to get their financial house in order, but it will also prove indispensable to a wide range of mid-career professionals, from those in desperate need of financial guidance to those who are already on the path to financial success.
Table of Contents
- About the Author
- Chapter 1: Assets
- Chapter 2: Liabilities
- Chapter 3: Equity
- Chapter 4: Financial Feng Shui—Get Organized!
- Chapter 5: The Personal Finance Panacea—Make More Money!
- Chapter 6: Budgeting and Saving—Oh, No!
- Chapter 7: Shopping—Oh, Yes!
Chapter 8: Credits and Debits
- Credit Card Components
- Advantages of Credit Cards
- Disadvantages of Credit Cards
- To Charge or Not to Charge,
- That Is the Question
- Getting the most out of your credit card
- Fee-Based Credit Cards
- Debit Cards
- Credit Score 101
- Anatomy of a FICO Score
- How to Improve Your FICO Score
- Debunking the Myths about FICO Scores
- Chapter Lessons
- Chapter 9: Late Night TV and Borrowing
- Chapter 10: Financing a Home
- Chapter 11: Buying a Car
- Chapter 12: Financing an Education
- Chapter 13: Debt Reduction
- Chapter 14: Investment Basics
- Chapter 15: Stock Market Investing
- Chapter 16: Bond Market Investing
- Chapter 17: Real Estate Investing
- Chapter 18: Playing It Safe
- Chapter 19: Financial Advisors
- Chapter 20: Conclusion
- Title: Financial Freedom: A Guide to Achieving Lifelong Wealth and Security
- Release date: January 2013
- Publisher(s): Apress
- ISBN: 9781430245391