Teaching the readers how to manage their personal finances, this book concentrates on the fundamentals and underlying principles of personal finance, rather than focusing on equations and specific tools that are more easily forgotten.Building on 15 fundamental principles of personal finance, the book helps the readers develop an intuitive understanding not only of the process of financial planning, but also the logic that drives it. This book starts with the basics of financial planning and goes on to such topics as managing your money, protecting yourself, managing your investments, and handling life changes.For financial planners and analysts, or those interested in personal finance management.
Table of Contents
I. FINANCIAL PLANNING. 1. Financial Planning: The Ties That Bind. 2. Measuring Your Financial Health and Making a Plan. 3. Understanding the Time Value of Money. 4. Tax Planning and Strategies. II. MANAGING YOUR MONEY. 5. Cash or Liquid Asset Management. 6. Using Credit Cards: The Role of Open Credit. 7. Using Consumer Loans: The Role of Planned Borrowing. 8. The Home and Automobile Decision. III. PROTECTING YOURSELF. 9. Life and Health Insurance. 10. Property and Liability Insurance. IV. MANAGING YOUR INVESTMENTS. 11. Investment Basics. 12. Securities Markets. 13. Investing in Stocks. 14. Investing in Bonds and Other Alternatives. 15. Mutual Funds: An Easy Way to Diversify. V. LIFE CHANGES. 16. Retirement Planning. 17. Estate Planning: Saving Your Heirs Money and Headaches. 18. Fitting the Pieces Together. Appendix A. Compound Sum of $1. Appendix B. Present Value of $1. Appendix C. Compound Sum of an Annuity of $1 for n Periods. Appendix D. Present Value of an Annuity of $1 for n Periods. Appendix E. Monthly Installment Loan Tables. Index.