The Personal Finance Cookbook
Essential Recipes to Remedy Your Financial Problems
1st Edition
Published on 25. January 2024
Book
Paperback/Softback
272 pages
978-1-394-21029-9 (ISBN)
Description
The Personal Finance Cookbook teaches readers how to complete personal finance related tasks like budgeting, investing, and buying a house in the approachable style of a cookbook (engaging imagery, list format, each topic can stand on its own, etc.). In the same way that you don't need to know exactly how sugar and flour chemically bond to create cookies, you don't need to have an advanced knowledge of modern portfolio theory, tax code, or credit risk premiums to successfully manage your personal finances. The Personal Finance Cookbook outlines the steps you need to take to complete personal finance tasks, thereby removing paralysis by analysis and actually allowing you to take positive action. This one-of-a-kind approach to personal finance includes a thoughtful take on common topics and pain points:
* The best way to budget
* How to start investing
* How to buy a home
* How to buy a car
* How to build your credit score
* How to open your first credit card
* How to maximize credit card rewards and sign-up bonuses
* How to negotiate a signing bonus
* How to negotiate your salary
* How to avoid fees in your 401k
* The best way to budget
* How to start investing
* How to buy a home
* How to buy a car
* How to build your credit score
* How to open your first credit card
* How to maximize credit card rewards and sign-up bonuses
* How to negotiate a signing bonus
* How to negotiate your salary
* How to avoid fees in your 401k
More details
Language
English
Place of publication
New York
United States
Dimensions
Height: 218 mm
Width: 163 mm
Thickness: 28 mm
Weight
318 gr
ISBN-13
978-1-394-21029-9 (9781394210299)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
E-Book
01/2024
1st Edition
Wiley
€17.99
Available for download
E-Book
01/2024
1st Edition
Wiley
€17.99
Available for download
Content
Introduction
The Problem
The Solution: Your Personal Finance Cookbook
1. The Basics
1.1. How to Open a Checking Account
1.2. How to Open a High-Yield Savings Account
1.3. How to Build an Emergency Fund
1.4. How to Build a Bulletproof Budget
1.5. How to Calculate Your Net Worth
1.6. How to Calculate Your Financial Independence "Number"
1.7. How to Choose a Savings Rate Based on When You Want to Retire
2. Investing in the Stock Market
2.1. How to Open a Brokerage Account
2.2. How to Open Roth and Traditional IRAs
2.3. How to Open a 401(k)
2.4. How to Change Brokers
2.5. How to Choose What to Invest In
2.6. How to Buy Your First Stock
2.7. How to Invest as a Kid (or for Your Kids)
3. Credit
3.1. How to Decide When to Use a Debit Card vs a Credit Card
3.2. How to Open Your First Credit Card
3.3. How to Open Your Next Credit Card
3.4. How to Build Your Credit Score
3.5. How to Build Your Kid's Credit Score Before They Can Even Walk
3.6. Travel Hacking: How to Use Credit Card Rewards to Travel for Free (or at a Steep Discount)
4. Debt
4.1. How to Differentiate Between "Good" and "Bad" Debt
4.2. The Debt Snowball Method: The Best Way (Behaviorally) to Pay Off Debt
4.3. The Debt Avalanche Method: The Best Way (Logically) to Pay Off Debt
4.4. How to Lower Your Interest Rate by Consolidating Debt
4.5. How to Qualify for a Debt Management Plan
5. Big Purchases
5.1. How Not to Get Scr*wed When Buying a Car[AU: In Chapter 5, I talked about changing this heading. Please update this here to match that new heading. Thanks. Kelly] I think my audience will appreciate the candor that "screwed" provides vs losing your shirt, as that's something I'd be more likely to actually say in my content - Nick
5.2. How to Decide Between Leasing and Buying a Car
5.3. How to Ensure Your Wedding Doesn't Set You Back Years Financially
5.4. Pets: How Much They Cost and How to Save Money on Common Expenses
6. College
6.1. How to Save Money on College While You're Still in High School
6.2. How to Apply for Grants
6.3. How to Apply for Scholarships
6.4. How to Make College a Good Investment
6.5. How to Use a 529 Plan to Save for Your Kid's College
6.6. How to Pay Off Your Student Loans
7. Housing
7.1. Is It Better for You to Rent or Buy a House?
7.2. How to Tell if Rent/Your Mortgage Payment Is Too Expensive for Your Income Level
7.3. How to Buy Your First House
7.4. How to Decide Between a 15-Year vs 30-Year Mortgage
7.5. How to Reduce Your Living Expenses by House Hacking
8. How to Make More Money
8.1. How to Negotiate Your Starting Salary and Signing Bonus
8.2. How to Ask for a Raise
8.3. How to Maximize Your Employee Benefits
8.4. How to Raise Your Salary by Job-Hopping without Ruining Your Reputation
8.5. How to Start a Side Hustle
9. Taxes
9.1. How to Pay Taxes if You Have a Normal Job
9.2. How to Pay Taxes as a Business Owner, Independent Contractor, or Freelancer
9.3. How Investments Are Taxed
9.4. How Tax Extensions Work and How to File Them
9.5. How Amended Tax Returns Work and How to File Them
10. Retirement
10.1. How to Begin Drawing Your Social Security Benefits
10.2. How and When You're Required to Draw from Your Retirement Accounts
10.3. How to Determine How Much You Should Spend Each Year in Retirement
10.4. How to Roll Over Old 401(k)s to an IRA
11. Charitable Giving
11.1. How to Report Charitable Donations on Your Tax Return
11.2. How to Open a Donor-Advised Fund for Tax-Advantaged Giving
12. Insurance
12.1. How to Use an HSA as an Extra Retirement Account
12.2. How to Obtain Health Insurance When It Isn't Provided by Your Employer (When Turning 26)
12.3. How to Use an HSA as an Extra Retirement Account
12.4. How to Obtain Homeowner's Insurance
12.5. How to Obtain Renter's Insurance
12.6. How to Obtain and Save Money on Car Insurance
12.7. How to Determine When You Need Life Insurance
13. Passive Income
13.1. Why Passive Income Is the Best Form of Income
13.2. How to Earn Passive Income from the Stock Market
13.3. How to Earn Passive Income from Real Estate Investing
13.4. How to Earn Passive Income from Digital Products
13.5. How to Earn Passive Income from Affiliate Marketing
The Problem
The Solution: Your Personal Finance Cookbook
1. The Basics
1.1. How to Open a Checking Account
1.2. How to Open a High-Yield Savings Account
1.3. How to Build an Emergency Fund
1.4. How to Build a Bulletproof Budget
1.5. How to Calculate Your Net Worth
1.6. How to Calculate Your Financial Independence "Number"
1.7. How to Choose a Savings Rate Based on When You Want to Retire
2. Investing in the Stock Market
2.1. How to Open a Brokerage Account
2.2. How to Open Roth and Traditional IRAs
2.3. How to Open a 401(k)
2.4. How to Change Brokers
2.5. How to Choose What to Invest In
2.6. How to Buy Your First Stock
2.7. How to Invest as a Kid (or for Your Kids)
3. Credit
3.1. How to Decide When to Use a Debit Card vs a Credit Card
3.2. How to Open Your First Credit Card
3.3. How to Open Your Next Credit Card
3.4. How to Build Your Credit Score
3.5. How to Build Your Kid's Credit Score Before They Can Even Walk
3.6. Travel Hacking: How to Use Credit Card Rewards to Travel for Free (or at a Steep Discount)
4. Debt
4.1. How to Differentiate Between "Good" and "Bad" Debt
4.2. The Debt Snowball Method: The Best Way (Behaviorally) to Pay Off Debt
4.3. The Debt Avalanche Method: The Best Way (Logically) to Pay Off Debt
4.4. How to Lower Your Interest Rate by Consolidating Debt
4.5. How to Qualify for a Debt Management Plan
5. Big Purchases
5.1. How Not to Get Scr*wed When Buying a Car[AU: In Chapter 5, I talked about changing this heading. Please update this here to match that new heading. Thanks. Kelly] I think my audience will appreciate the candor that "screwed" provides vs losing your shirt, as that's something I'd be more likely to actually say in my content - Nick
5.2. How to Decide Between Leasing and Buying a Car
5.3. How to Ensure Your Wedding Doesn't Set You Back Years Financially
5.4. Pets: How Much They Cost and How to Save Money on Common Expenses
6. College
6.1. How to Save Money on College While You're Still in High School
6.2. How to Apply for Grants
6.3. How to Apply for Scholarships
6.4. How to Make College a Good Investment
6.5. How to Use a 529 Plan to Save for Your Kid's College
6.6. How to Pay Off Your Student Loans
7. Housing
7.1. Is It Better for You to Rent or Buy a House?
7.2. How to Tell if Rent/Your Mortgage Payment Is Too Expensive for Your Income Level
7.3. How to Buy Your First House
7.4. How to Decide Between a 15-Year vs 30-Year Mortgage
7.5. How to Reduce Your Living Expenses by House Hacking
8. How to Make More Money
8.1. How to Negotiate Your Starting Salary and Signing Bonus
8.2. How to Ask for a Raise
8.3. How to Maximize Your Employee Benefits
8.4. How to Raise Your Salary by Job-Hopping without Ruining Your Reputation
8.5. How to Start a Side Hustle
9. Taxes
9.1. How to Pay Taxes if You Have a Normal Job
9.2. How to Pay Taxes as a Business Owner, Independent Contractor, or Freelancer
9.3. How Investments Are Taxed
9.4. How Tax Extensions Work and How to File Them
9.5. How Amended Tax Returns Work and How to File Them
10. Retirement
10.1. How to Begin Drawing Your Social Security Benefits
10.2. How and When You're Required to Draw from Your Retirement Accounts
10.3. How to Determine How Much You Should Spend Each Year in Retirement
10.4. How to Roll Over Old 401(k)s to an IRA
11. Charitable Giving
11.1. How to Report Charitable Donations on Your Tax Return
11.2. How to Open a Donor-Advised Fund for Tax-Advantaged Giving
12. Insurance
12.1. How to Use an HSA as an Extra Retirement Account
12.2. How to Obtain Health Insurance When It Isn't Provided by Your Employer (When Turning 26)
12.3. How to Use an HSA as an Extra Retirement Account
12.4. How to Obtain Homeowner's Insurance
12.5. How to Obtain Renter's Insurance
12.6. How to Obtain and Save Money on Car Insurance
12.7. How to Determine When You Need Life Insurance
13. Passive Income
13.1. Why Passive Income Is the Best Form of Income
13.2. How to Earn Passive Income from the Stock Market
13.3. How to Earn Passive Income from Real Estate Investing
13.4. How to Earn Passive Income from Digital Products
13.5. How to Earn Passive Income from Affiliate Marketing