Manage Your Financial Life
Description
Manage Your Financial Life: Just Starting Out is an approachable, comprehensive guide to understanding finance and investing topics. With thirty years' experience in wealth management, finance, and investing, Nancy Doyle has the insight to help those just starting out become more knowledgeable and more confident regarding their personal finances.
When it comes to money, independence and objectivity are essential. Nancy Doyle offers a unique perspective as an independent consultant, author, and advocate for financial literacy. Ms. Doyle do not work for nor has partnered with any financial services companies.
The book is particularly helpful to those in the early years of their careers facing multiple savings goals and financial commitments. It provides an easy system for getting organized, analyzing your financial profile, educating yourself about investing, and putting your money to work.
It's time to get started!
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Content
Part 1 Get Organized
Chapter 1 Spring-Cleaning
Step 1: Get Ready
Step 2: Gather Documents
Step 3: Sort through Things
Step 4: Implement a System for Keeping Track of Information
Other Topics for Your Financial Spring-Cleaning
Chapter 2 In Case of Emergency, or ICE
Step 1: Create an ICE File
Step 2: Create an ICE Plan
Part 2 Analyze Your Financial Profile
Chapter 3 Analyze Your Numbers
Step 1: Create a Personal Income Statement
Step 2: Determine Your Net Worth
Step 3: Focus on Cash Flow, Not Just Income
Chapter 4 Analyze Your Risk
Step 1: Analyze Your Sources of Income
Step 2: Evaluate Your Creditworthiness
Step 3: Have a Plan to Pay Off Debt
Step 4: Examine Your Insurance Coverage
Step 5: Consider Other Risks and Exposures
Part 3 Educate Yourself About Investing
Chapter 5 Some Fundamental Concepts
Supply and Demand
Yield, Total Return, and Compounding
Risk
Liquidity
Concentration and Diversification
Fees
Tax Efficiency
Chapter 6 Investable Assets: What to Invest In
The Capital Markets
Common Types of Investable Assets
Other Types of Investable Assets
Chapter 7 Types of Investment Structures: Ways to Invest
Individual Accounts
Mutual Funds
Exchange Traded Funds, or ETFs
Chapter 8 Types of Investment Accounts: Why to Invest
Taxable Accounts
Retirement Accounts
Annuities
529 Plans
Putting Everything to Work
Part 4 Save and Invest Your Money
Chapter 9 Determine Your Savings Goals: What Are You Investing For?
Imminent Need: Emergency Fund
Long-Term Need: Retirement Savings
Intermediate-Term Needs: Down Payment, School, Other Goals
Time Is Your Friend
How to Save for Multiple Goals
One More Goal: Investing in Others
Chapter 10 Achieving Your Savings Goals: How Will You Get There?
Assumptions for Investment Returns and Growing Your Savings
Chapter 11 Evaluate Your Investing Choices: What Allocation Makes Sense for You?
Chapter 12 Consider Methods: Who Will Do the Investing?
Going Solo
Working with a Professional
Chapter 13 Evaluate Metrics for Potential Investments: Which Investments Are Best?
Performance Metrics
Other Metrics and Factors
Having a Sell Discipline
Chapter 14 Monitor Your Investments: How Are You Doing?
Performance
Look for Overlap Across Your Investments
Rebalance
Going Forward
Notes
Index
