The value of debt in building wealth: creating your glide path to a healthy financial L.I.F.E

ویرایش:  
نویسندگان: Anderson. Thomas J  
سری:  
ISBN (شابک) : 9781119049258, 1119049261 
ناشر: John Wiley & Sons 
سال نشر: 2017 
تعداد صفحات: 275 
زبان: English 
فرمت فایل : PDF (درصورت درخواست کاربر به PDF، EPUB یا AZW3 تبدیل می شود) 
حجم فایل: 2 مگابایت 

قیمت کتاب (تومان) : 52,000

"The book of financial wisdom that your future self will thank you for reading For many adults under 40, "debt" is a four-letter word--something that should be avoided but is all too often unavoidable. In The Value of Debt in Building Wealth, bestselling author Thomas J. Anderson encourages you to rethink that. You'll walk away from this book with an understanding of how you can use debt wisely to secure the financial future you envision for yourself and your family. Student loans, mortgages, lines of credit, and other forms of debt are all discussed in detail, with a focus on smart planning for those who are accumulating assets--and debt--now. Should you rent or buy? How important is liquidity? What is good versus bad debt? How much debt should you have? What debt-to-income and debt-to-asset ratios should you aim for? Fixed debt or floating debt? What's the best way of saving for college and retirement? These are big questions that deserve thorough answers because the choices you make now could influence the course of your life. This thought-provoking book will open your eyes to savvy financial strategies for achieving your goals faster and with healthier bank accounts. Explore strategies for smart debt management, explained by one of the nation's top financial advisors Gain an understanding of investment basics and key financial concepts you'll need to achieve your long-term goals Understand the risks of having debt and the potential risks of being debt-free Make financial decisions now that will maximize your wealth, freedom, and opportunity later This book is not about buying things you cannot afford. It is about liquidity, flexibility and optimizing your personal balance sheet. The Value of Debt in Building Wealth is full of ideas you can apply to your own situation--no matter what your current asset level. Read this book today and thank yourself later"--

"The Value of Debt in Building Wealth will greatly expand upon and go beyond the ideas presented in The Value of Debt by framing out debt strategies for individuals who are generally between 25 and 40 years old and in the first stages of accumulating debt. Topics discussed in the book include: - Debt-to-Asset versus Debt-to-Income ratios: where they intersect, how they tend to move over time, and how these ratios can help guide individuals and families - Rent versus buy; a detailed discussion and analysis - A discussion of student debt and what to do with it - Debt overlay vis-. is one's investment portfolio: where should you direct your cash flow funds? A debate, discussion, and flow chart - Maximizing retirement-related investment opportunities--starting early matters - Saving for children's college and graduate education - The importance of liquidity, and why individuals should be willing to pay for it - The importance of lines of credit including asset based portfolio loans - Fixed vs. floating debt; what you are really paying for, and whether it is worth it - Investment basics and important simple concepts to understand as you move forward"-- Read more...
Abstract: "The book of financial wisdom that your future self will thank you for reading For many adults under 40, "debt" is a four-letter word--something that should be avoided but is all too often unavoidable. In The Value of Debt in Building Wealth, bestselling author Thomas J. Anderson encourages you to rethink that. You'll walk away from this book with an understanding of how you can use debt wisely to secure the financial future you envision for yourself and your family. Student loans, mortgages, lines of credit, and other forms of debt are all discussed in detail, with a focus on smart planning for those who are accumulating assets--and debt--now. Should you rent or buy? How important is liquidity? What is good versus bad debt? How much debt should you have? What debt-to-income and debt-to-asset ratios should you aim for? Fixed debt or floating debt? What's the best way of saving for college and retirement? These are big questions that deserve thorough answers because the choices you make now could influence the course of your life. This thought-provoking book will open your eyes to savvy financial strategies for achieving your goals faster and with healthier bank accounts. Explore strategies for smart debt management, explained by one of the nation's top financial advisors Gain an understanding of investment basics and key financial concepts you'll need to achieve your long-term goals Understand the risks of having debt and the potential risks of being debt-free Make financial decisions now that will maximize your wealth, freedom, and opportunity later This book is not about buying things you cannot afford. It is about liquidity, flexibility and optimizing your personal balance sheet. The Value of Debt in Building Wealth is full of ideas you can apply to your own situation--no matter what your current asset level. Read this book today and thank yourself later"--

"The Value of Debt in Building Wealth will greatly expand upon and go beyond the ideas presented in The Value of Debt by framing out debt strategies for individuals who are generally between 25 and 40 years old and in the first stages of accumulating debt. Topics discussed in the book include: - Debt-to-Asset versus Debt-to-Income ratios: where they intersect, how they tend to move over time, and how these ratios can help guide individuals and families - Rent versus buy; a detailed discussion and analysis - A discussion of student debt and what to do with it - Debt overlay vis-. is one's investment portfolio: where should you direct your cash flow funds? A debate, discussion, and flow chart - Maximizing retirement-related investment opportunities--starting early matters - Saving for children's college and graduate education - The importance of liquidity, and why individuals should be willing to pay for it - The importance of lines of credit including asset based portfolio loans - Fixed vs. floating debt; what you are really paying for, and whether it is worth it - Investment basics and important simple concepts to understand as you move forward"

Content: Cover
 Title Page
 Copyright
 Contents
 Foreword
 Acknowledgments
 About the Author
 About Supernova Companies
 Introduction
 Endnotes
 Chapter 1: The Traditional Glide Path
 In a Perfect World, No Debt! But Our World Isn\'t Perfect
 You Owe a Debt to Your Future Self
 Break the Paycheck-to-Paycheck Cycle
 Companies Embrace Balance
 The Power of Savings
 A New Glide Path: Debt Adds Value
 Finding Your Glide Path
 The Need for Specific, Actionable Advice
 Endnotes
 Chapter 2: Foundational Facts
 All Debt Is Not Equal: Oppressive, Working, and Enriching Debt Paying Down Debt Gives You a Return Equal to Your After-Tax Cost of That DebtSh*t Happens-Value Liquidity
 Yes, You Can-Save
 Compounding Matters-For the Upside and the Downside
 Compounding Lessons and Hard Knocks
 The Past Is the Past
 Focus on the Future
 Behavioral Economics Matters
 Endnotes
 Chapter 3: A Balanced Path to L.I.F.E.
 Phase 1: Launch!
 A Case Study
 Application
 Frequently Asked Questions
 Phase 2: Independence
 Scenario 1: You Do Not Own a House
 Scenario 2: You Would Like to Purchase a House
 A Case Study of Dual Income, No Kids
 Application Scenario 3: You Already Own a HouseEndnotes
 Chapter 4: Freedom and Equilibrium
 Phase 3: Freedom
 A Case Study
 Application
 Frequently Asked Questions
 Phase 4: Equilibrium
 Application
 Bonus Phase: No Debt!
 Endnotes
 Chapter 5: The Other Side of the Balance Sheet
 The Probability of an 8 Percent Rate of Return Is Zero
 Risk, Return, and Diversification
 What about Interest Rates and Cost of Debt?
 What about One of Your Biggest Assets? Your House
 Three Buckets of Money
 Conservative
 Core
 Aggressive
 Risk Matters-The Risk of Time
 Factoring Leverage into Returns Debt as an Integrated Part of Your Investment PhilosophyEndnotes
 Chapter 6: Proof of the Value of Debt
 The Big Picture-Debt Can Be Valuable
 Zero Oppressive Debt Is Valuable
 Is Debt Valuable if It Costs Nothing?
 What about Borrowing Costs?
 What about Investment Returns?
 What about the Impact of Savings Rate?
 What about the Tax Factor?
 What if the Tax Deductibility of Mortgages Goes Away?
 Children and College Savings
 Interest Rates and Debt Service Coverage Ratios
 Endnotes
 Chapter 7: Conclusion
 Taking a Stand Against Conventional Wisdom
 Endnotes
 Appendix A: Phi Phound Me Inspiration ArrivedNot Perfect Makes Perfect
 Applying the Fibonacci Sequence
 From 13 to 8
 From 8 to 5
 Super Cool Math
 Endnotes
 Appendix B: Understanding the Power of Securities-Based Lending
 Case Study
 The Power of Securities-Based Lending
 First Bank of Mom and Dad
 Endnotes
 Appendix C: Home Purchase and Financing Considerations
 Don\'t Rush to Buy a House
 When Home Ownership Can Go Wrong
 Save Yourself the Anguish
 Be Careful!
 All Mortgages Are Not Created Equal
 One-Month LIBOR Interest-Only Floating Rate ARM
 5-, 7-, 10-Year Interest-Only ARM
 15- and 30-Year Fixed Rate