What's Your Future Worth?

What's Your Future Worth?

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We weigh every significant decision based on how it will affect our future. But when it comes to figuring that out, we mostly make the process up as we go along. While financial professional Peter Neuwirth can't help you actually predict the future, he can offer a simple, systematic way to make much better guesses about ita€”and so make better decisions. Neuwirth offers an accessible, step-by-step guide to using the powerful concept of Present Valuea€”which allows you to determine the value today of something that might happen in the futurea€”to evaluate all of the outcomes that might arise from choosing one path as opposed to another. Using examples that anyone can relate to, Neuwirth walks you through the process. Your old refrigerator doesn't work as well as it used toa€”should you buy a new one right away or muddle through for a while? You're offered a great discount on a service you don't need at the moment but eventually willa€”buy the service now or wait? With just a little math and some common sense, you can compare future costs and benefits with present costs and benefits and make a€œapples to applesa€ comparisons. This book will be indispensable for anyone who has ever had to figure out whether to stick with an awful job or follow his or her bliss, fix that old car or buy a new one, increase 401(k) contributions or keep the same take-home pay, and a thousand other decisions.A savings bond is a very official-looking certificate issued by the US government, which after ten years is worth exactly what it says on the front. ... As we have already seen, there are situations where the determination of future value is not so easy because we dona#39;t know exactly when the ... For now though leta#39;s stay with this savings bond and turn our attention to how to use a discount rate to calculate itsanbsp;...

Title:What's Your Future Worth?
Author:Peter Neuwirth FSA, Peter Neuwirth
Publisher:Berrett-Koehler Publishers - 2015-03-02


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