When it comes to personal finance, the rules may have changed, but the
time-tested principles of sound personal financial management haven't.
Those starting out on their paths to financial security just need to
learn them better and apply them earlier than ever before - ideally,
right from the start. Previous generations have had some help in
achieving financial security that young people can't count on today:
generous employer pensions, steady housing price increases, and a
well-funded Social Security program, to name a few. In short, the old
"muddle through" approach won't cut it anymore - not even close. A
steady income is still a must, but parlaying this into long-term
financial security is now an entirely different proposition than ever
before. The institutions of the past can no longer be relied upon to
handle the process; each person now needs to manage the long-term
financial planning and decision making on their own. Fortunately,
though, anyone just starting out can still achieve a very strong
financial future from almost any income level - but only by doing the
right things to make it happen. Those things aren't particularly hard
to understand or to do, but it is important to do them right, to do
them consistently, and to do them in the right order. Most
importantly, if you get an early start, the risks are minimal and the
payoff is substantial. But each year that passes, the risks go up and
the payoff goes down. If you have just started out in your financial
life, or if you are just about to, and you want a complete and
practical education in the fundamentals of personal finance for a
secure future, then this book is for you. Chris Smith guides readers
through the basics of saving, investing, and financial planning in
language that is clear, accessible, and lively, making difficult
concepts understandable to the novice, and enjoyable to those who
already have some understanding. He shows readers how to apply this
knowledge, and to avoid the most common pitfalls, to insure the best
possible outcome for long-term financial security.
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Produktdetaljer
ISBN
9781442214231
Publisert
2012
Utgiver
Vendor
Rowman & Littlefield Publishers
Språk
Product language
Engelsk
Format
Product format
Digital bok
Forfatter