Living in the Village Build Your Financial Future and Strengthen Your Community

by Mack, Ryan C.

• ISBN13: 9780312646363
• ISBN10: 0312646364
• Edition: Reprint
• Format: Paperback
• Copyright: 2011-01-18
• Publisher: St. Martin's Griffin

Summary

A clear, personal, step-by-step plan to achieve financial freedom--for yourself and your community Financial planning isn't easy especially when you're trying to overcome destructive spending habits, accumulating debt, and ever-increasing household budgets. Ryan Mack, Wall Streeter-come-financial advisor, has written LIVING IN THE VILLAGE for those who need a clear, accessible and tangible plan for getting personal finances in order once and for all. In a frank, accessible voice, Ryan C. Mack provides simple, easy-to-understand financial advice that you can implement right away. He developed a seven-step plan, featuring critical advice for: - Eliminating debt - Improving credit - Creating an emergency fund - Maximizing the company retirement plan and IRA - Avoiding financial predators - Diversifying your investments - Establishing a financial legacy for future generations Each step of the way, LIVING IN THE VILLAGE not only educates you about financial planning tricks and pitfalls, but also, through numerous personal testimonies from ordinary people doing extraordinary things in their communities, shows you how to give back and contribute to the economic advancement to your community.

Author Biography

Ryan C. Mack left his job on Wall Street with the goal of educating people of all income levels about fiscal responsibility. As president of Optimum Capital Management, he has created financial workshops and programs and provided keynote presentations nationwide for Harvard University, the National Association of Real Estate Brokers, Housing Preservation and Development, the NAACP, NASA, Microsoft Inc., Deutsche Bank AG, the AFL-CIO, and many more. Mack has been a featured financial expert and commentator on CNBC, CNN, Fox Television, BET, GMTV, and The Wendy Williams Show.

Table of Contents

Foreword	p. xi
Introduction	p. xv
Why it Takes a Village	p. 1
It Takes a Village to Raise a Child	p. 3
The Evidence of Things Unseen	p. 21
Seven Steps to Financial Freedom	p. 35
Step One: Getting Your House in Order-Creating and Maintaining a Household Budget	p. 39
Step One: Getting Your House in Order-Obtaining Adequate Insurance Coverage	p. 74
Step One: Getting Your House in Order-Obtaining and Maintaining Up-to-Date Estate-Planning Documents	p. 96
Step One: Getting Your House in Order-Achieving and Maintaining a FICO Score Above 750	p. 109
Step Two: Eliminating All High-Risk Debt	p. 123
Step Three: Energizing Your Company Retirement Plan	p. 133
Step Four: Establishing an Emergency Fund	p. 151
Step Five: Establishing an Individual Retirement Account	p. 163
Step Six: Eliminating Low-Risk Debt	p. 173
Step Seven: Adopting a Diversified Investment Strategy	p. 201
Selecting the Right Adviser and Building Your Financial Team	p. 244
The Unofficial Step Eight: Investing in the Community	p. 250
The Five Points of Economic Prosperity	p. 260
Next Steps	p. 274
Four Steps to Success	p. 277
Estimated Budget	p. 279
Net Worth Statement	p. 280
Spending Diary	p. 281
Financial Goals	p. 283
Notes on Forming the Right Entity	p. 286
Acknowledgments	p. 291
Index	p. 293
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