Your Money Milestones

Your Money Milestones

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A Whole New Way to Look at Your Moneya€band Make It Grow! a€œHere is a lively new guide that offers fresh and actionable ways to approach everyday financial problems. Whether youa€™re rich or just getting by, starting your career or winding down, youa€™ll benefit from the authora€™s insightful observations and suggestionsa€”all delivered with warmth and wit.a€ a€”Evan Cooper, Deputy Editor, InvestmentNews a€œThe authora€™s unique gift is to make complex ideas from the world of high finance simple to understand, and his new book gently coaches readers in how to think about their personal finances. Best of all, readers can use Milevskya€™s financial calculators online to test these ideas, so they can make choices with confidence. Investing in this book might be the wisest financial decision you make this year.a€ a€”Gil Weinreich, Editor, Research Magazine a€œThe author has accomplished the near impossible. He has made the complicated, confusing, and often contradictory world of personal financial planning easy to understand. More importantly, hea€™s made it easy to act on his ground-breaking advice and guidance and has made it easy for readers to address their most important financial decisions in a thoughtful, practical, and painless manner.a€ a€” Robert Powell, Editor, Retirement Weekly and Retirement Columnist, a€œWhat are the nine crucial financial decisions every person must make over the course of a lifetime? If you dona€™t know, read this book. The authora€™s nine choices revolve around his core concept of human capital and how it must be gradually converted to financial capital to achieve a successful retirement.a€ a€”Jonathan Chevreau, National Post Columnist and Author of Findependence Day a€œYour Money Milestones helps just about anyone see lifea€™s most important money decisions in a fresh and completely rational light. If you want a smart, practical roadmap to a financially sound future, you need this book.a€ a€”Eric Schurenberg, Editor-in-Chief, BNET Your Money Milestones illustrates how four principles inspired by basic arithmetic can be applied to manage the most important financial decisions (money milestones) people face over their entire financial lifecycles. Addition: Identify the true value all of your financial resources. Subtraction: Budget for the hidden liabilities in your future. Division: Spend your total resources evenly over time. Multiplication: Prepare for many alternative and unexpected universes. This book offers a complete framework for thinking about money thata€™s every bit as provocative as Freakonomics. Drawing on the newest research into psychology and personal finance, Milevsky helps you identify the true value all of your resources; budget for hidden liabilities in your future; plan to spend your total resources smoothly over time; and prepare for unexpected events that could upend even the most careful planning. Youa€™ll discover why children are short-term investment liabilities but may be long-term pension assets, why winning the lottery may increase your chances of going bankrupt, and why giving up control of your retirement nest egg might actually make you happier. The insights are fascinating and useful throughout your life whether you're deciding what to study, contemplating your first home purchase, deciding whether to keep contributing to your 401(k), or considering when and whether to retire.In total, all the payments that must be made to pay off the three accounts, that is, the line of credit and the two credit cards at their respective rates, is $28, 752. ... Ia#39; ve created a calculator at that enables you to enter and compare various debt scenarios, calculating the impact ... on credit card companies and high interest rates, but rather to illustrate the benefits of optimal debt management.

Title:Your Money Milestones
Author:Moshe A. Milevsky Ph.D.
Publisher:FT Press - 2009-11-30


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