Michael C. Taylor

Financial Rules for New College Grads (eBook, ePUB)

Invest before Paying Off Debt-and Other Tips Your Professors Didn't Teach You

• Format: ePub

Produktbeschreibung

An indispensable guide for any recent graduate that provides simple, easy-to-follow rules for making smart personal finance choices during the first decade of one's career. Having graduated from college with a degree, even the luckiest newly minted professionals-those who are able to quickly find a full-time job and support themselves-are often burdened with thousands of dollars in student loan debt. Many of these young professionals grow up hearing that they should not invest until their debt is paid off. Others fall too readily for investment scams or the siren call of instant entrepreneurship. Still others don't invest at all. From financial expert Michael C. Taylor comes a proposed means by which to not only pull oneself out of debt but to start building wealth from the first day on the job: adoption of modesty, skepticism, and optimism. The Financial Rules for New College Graduates explains that by embodying modesty, the opposite of status-seeking ostentation; skepticism, the ability to recognize scams, false promises, and the hyperbole and short-sightedness of financial media; and optimism, the belief that financial security can be yours with little to no risk, anyone can attain financial security. The early chapters address the role of interest rates, compound interest, and discounted cashflows, while the remaining chapters explore each of the most consequential personal finance choices that recent graduates will make in the first ten years of their career.

Produktdetails

• Verlag: Bloomsbury Publishing Inc
• Seitenzahl: 216
• Altersempfehlung: ab 7 Jahre
• Erscheinungstermin: 12. April 2018
• Englisch
• ISBN-13: 9798216084587
• Artikelnr.: 68164911

Autorenporträt

Michael C. Taylor sold bonds on Wall Street and founded a private investment business. He also writes about finance for the San Antonio Express News and the Houston Chronicle.

Inhaltsangabe

Part One What's Stopping You from Achieving Wealth?
Chapter 1 You Should Be Wealthy
Chapter 2 On the Financial Infotainment Industrial Complex
Part Two Finance Math Concepts for Life
Chapter 3 On Interest Rates
Chapter 4 On Compound Interest
Chapter 5 On Discounting Cashflows
Part Three Just Starting Out: Getting to Surplus
Chapter 6 On High-Interest Debt
Chapter 7 On Saving
Chapter 8 On Low-Interest Debt
Chapter 9 On Retirement Accounts
Chapter 10 On Taxes
Chapter 11 On Cars
Chapter 12 On Houses
Part Four Moving Along: Now That You Have a Financial Surplus
Chapter 13 On Investing: Efficient Markets
Chapter 14 On Investments: Risky and Not Risky
Chapter 15 On Investment Advisers
Chapter 16 On Insurance
Chapter 17 On Work
Part Five Feeling Wealthier
Chapter 18 On Retirement
Chapter 19 On Estate Planning
Part Six Finishing Strong: How Will You Know If You're Wealthy?
Chapter 20 On Death
Chapter 21 Epilogue: On Being Wealthy
Glossary
Selected Bibliography
Index