Andrew O. Smith

Financial Literacy for Millennials (eBook, PDF)

A Practical Guide to Managing Your Financial Life for Teens, College Students, and Young Adults

• Format: PDF

Produktbeschreibung

A modern primer on consumer finance and personal money management intended for readers aged 15 to 30, this guide can also serve as a primary text for high school, college, or adult education courses on personal finance.

There is growing awareness that teaching consumers more about finance is an urgent national priority-and that their education should begin early. Combining practical advice with targeted information on virtually every aspect of personal finance and money management, this book is the ideal resource for young people who want to start off their financial lives properly.

The guide updates traditional personal finance topics, such as budgeting, credit, debt, savings, and investment, and goes beyond those fundamentals to furnish important life lessons on such concerns as career planning, starting a business, Internet fraud, and avoiding financial scams. It even provides useful background on the tax system, how to avoid bankruptcy, legal issues young adults often face, and the plethora of government benefits they can access. In fact, young readers will come away from this book with basic knowledge of every important area of personal finance.

Ideal for teens and young adults, the volume will prove useful to parents who want to educate their children about the wise use of money, preparing them to make independent financial decisions. In addition, this book can be used to meet the standards enacted in every state for developing a curriculum guide for teaching financial literacy to high school students. It can also serve as a primary or supplementary resource in personal finance or consumer economics courses for college students and adults.

Produktdetails

• Verlag: Bloomsbury Publishing Inc
• Seitenzahl: 216
• Altersempfehlung: ab 7 Jahre
• Erscheinungstermin: 22. August 2016
• Englisch
• ISBN-13: 9781440834035
• Artikelnr.: 68205887

Autorenporträt

Andrew O. Smith, MBA, JD, is a trustee, financial advisor, and licensed attorney who has counseled trust funds, estates, investment partnerships, limited-liability corporations, insurance trusts, real estate partnerships, and individuals.

Inhaltsangabe

Acknowledgments Prologue: A Tale of Two Teens ONE: Financial Planning
Money. Inflation. Personal Responsibility. Life Goals. Experts. Elements of
a Financial Plan. Keeping Track. Giving Back. A Balanced Life. TWO: Careers
Career Paths. Human Capital, Education, and Training. The Labor Market.
Lifetime Income. Job Satisfaction. Compensation and Overtime. Negotiating
Pay and Benefits. Careers to Consider. Experiential Work. Internships,
Mentors, and References. THREE: Business and Entrepreneurship Business
Organization. The Language of Business. Startups. Franchises. Side
Businesses. Real Estate. Sources of Funding. The Economy. Growth and
Recession. International Business. FOUR: Savings and Banking Why Save? How
to Save. Banking Basics. Bank Accounts. Automated Teller Machines. Prepaid
Debit Cards. Other Financial Institutions. Fees and Services.
Reconciliation. Mobile Payment Systems. Electronic Banking. Deposit
Insurance. Bank Safety. FIVE: Budgeting and Spending How to Budget.
Everyday Spending. Savings and Emergencies. Sample Budget. Automobiles.
Renting an Apartment. Owning a Home. Renting versus Buying. College.
Children. Value. Consumers Beware. SIX: Credit and Debt Loans. Time Value
of Money. Collateral and Repayment. Mortgages. Interest Rates.
Amortization. Credit Cards. Automobile and Personal Loans. Credit Reports.
Payday Lending. Debt Collection. Responsible Use. SEVEN: Bankruptcy Why
Bankruptcy? Types of Bankruptcy. Exempt Property. Discharge of Debts.
Bankruptcy Process. Avoiding Bankruptcy. Credit Counseling. Business
Bankruptcies. After Bankruptcy. EIGHT: Investments Compounding.
Understanding Risk. The Stock Market. Mutual Funds. Market Index Funds.
Bonds. Treasury Securities and Money Market Funds. Derivatives. Commodities
and Currencies. Other Investments. Losses. Safety of Financial Markets.
NINE: Avoiding Financial Scams Pyramid Schemes. Other Investment Frauds.
Identity Theft. Safe Computers. Internet Scams. Bitcoins. Get Rich in Real
Estate. Multi-Level Marketing. Day Trading. Gambling. Other Scams. Consumer
Protection. TEN: Insurance How Insurance Works. Property Insurance. Title
Insurance. Renter's Insurance. Cars and Other Vehicles. Health Insurance.
Disability Insurance. Life Insurance. Liability Insurance. Social Media
Risks. Insurance for Other Risks. ELEVEN: Taxes How Taxes Work. What Taxes
Support. Sales Taxes. Income Taxes. Employment Taxes. Property Taxes. Other
Taxes. Tax Expenditures. Taxes and Behavior. Tax Considerations for
Business. TWELVE: Government Benefits Social Security. Medicare. Poverty.
Medicaid and the Affordable Care Act. Food Stamps. Student Loans. Home Loan
Programs. Other Housing Support. Direct Financial Assistance. Job-Related
Assistance. Other Benefit Programs. THIRTEEN: Legal Issues Contracts.
Prenuptial Agreements. Liability. Property. Intellectual Property.
Accidents. Civil Litigation. Law in the Workplace. Using Lawyers.
FOURTEEN: Growing Older Retirement Plans. Pensions. How Much Do You Need?
Wills and Estates. Trusts. Health Issues. Family Obligations. APPENDIX 1:
Website Content APPENDIX 2: Takeaway Tips Top Ten Financial Tips. First Job
Tips. Tips for College. Tips for Graduating Students. APPENDIX 3:
Curriculum Planning Index