Financial security for dummies
Financial Security for Dummies
Boost your financial health so you're ready for any economic or personal upheaval Crisis is inevitable--but it doesn't have to torpedo your finances! Financial Security For Dummies offers proven advice to help you prep your finances for the next economic downturn, personal setback, pandemi...
| Otros Autores: | |
|---|---|
| Formato: | Libro electrónico |
| Idioma: | Inglés |
| Publicado: |
Hoboken, NJ :
John Wiley & Sons, Inc
[2022]
|
| Edición: | 1st |
| Colección: | --For dummies.
|
| Materias: | |
| Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009645696306719 |
Tabla de Contenidos:
- Intro
- Title Page
- Copyright Page
- Table of Contents
- Introduction
- About This Book
- Foolish Assumptions
- Icons Used in This Book
- Beyond the Book
- Where to Go from Here
- Part 1 Understanding Financial Security
- Chapter 1 Navigating the (Bumpy) Road to Financial Independence
- Reaching for Financial Security
- Defining what you value
- Assessing where you are
- Grasping financial lingo and trends
- Trying not to avoid money
- Making use of insurance: A necessary evil
- Coping with Crises
- Everyone faces challenges, obstacles, and setbacks
- Common crisis
- Making Decisions Based on Changing Circumstances
- Chapter 2 Understanding Capitalism and Economic Downturns
- Understanding Our Economic System
- Capitalism strengths and criticism
- History of growth and downturns
- Touring Past Crises: What Happened and Why
- Why pilot training has relevance for your tour . . .
- The Panic of 1907
- The Great Depression
- World War II
- Arab oil embargo and Watergate/Nixon's resignation
- 9/11 terrorist attacks and recession
- 2008 financial crisis
- 2020 COVID-19 Pandemic
- Mistakes Made . . . and Lessons to Carry With You
- Chapter 3 Coping with Personal Crises
- When a Crisis Comes Calling
- Losing your job or a significant source of income
- Facing a medical crisis
- Caring for elderly parents unexpectedly
- Splitting from your spouse
- Coping with the death of a spouse
- Dealing with a natural disaster
- Success Plans for Personal Crises and Life Changes
- Keeping your big picture in mind
- Considering a comprehensive checklist
- Part 2 Crisis Mode: Accessing Safety Nets and Emergency Measures
- Chapter 4 Your Safety Nets
- Taking Stock of Your Resources
- Surveying your accessible money and spending options
- Finding assistance from family
- Ensuring adequate insurance coverage.
- Surveying Societal Safety Nets
- Health insurance subsidies
- Unemployment insurance benefits
- Federal refundable tax credits
- Help with housing
- For more information on safety net programs. . .
- Chapter 5 Digging Out and Forging Ahead
- Turning Your Eye toward Recovery
- Knowing how long it will take to regain stable financial footing
- Coping with frustration and moving on
- Thinking (and Researching) Before Making Financial Moves
- Wise financial actions to take
- Boneheaded financial actions to avoid
- Leaning on an Expert for Help
- Knowing how experts can help
- Being careful in a time of need
- Finding financial advisors and planners
- Being aware of budget counselors
- Investing in investment managers
- Looking into real estate agents
- Making note of tax preparers and advisors
- Dealing with insurance agents
- Tuning in to attorneys
- Minding Your Media Intake
- Example 1: The COVID-19 pandemic
- Example 2: The 2008 Financial Crisis
- Example 3: Corporations not paying income taxes
- Lessons learned and keys to remember
- Part 3 undefined
- Chapter 6 So Many Numbers! Making Sense of Economic Reports
- Keeping Economic Reports in Perspective
- Reports are a (small) snapshot in time
- Beware annualized numbers
- Take a long-term view of the numbers
- Sleuthing Through Economic Reports
- Employment/jobs reports
- Gross Domestic Product
- Consumer confidence
- Corporate profits
- Consumer prices (also known as inflation)
- The reports you can mostly ignore
- Interpreting Media Coverage of Economic Data
- Understanding the short-term and provocative focus
- Keeping an eye out for biases
- Example 1: The COVID-19 pandemic
- Example 2: The 2008 financial crisis
- Chapter 7 Says Who? Weighing "Experts'" Advice
- Understanding Why Particular Pundits Get Attention.
- Important things to know about the "news" media
- Getting media attention is a competitive business
- Controversial points of view often attract
- Political partisans can be hazardous to your wealth
- Uncovering Gurus' Agendas
- Figuring out what they're really selling
- Checking out their qualifications and track records
- Deciding Whether Hiring an Advisor Is the Right Choice
- Chapter 8 Following Financial Markets
- Understanding Stocks and Bonds
- Making Informed Investing Decisions
- Connecting corporate profits to stock prices
- Looking at financial market efficiency
- Focusing on interest rates, inflation, and the Federal Reserve
- Challenging Financial Markets During Changing Times
- What really moves financial markets (in the short term)
- Why market timing is so hard to do
- Part 4 Keeping Your Personal Finance House in Order
- Chapter 9 Getting on the Right Road with Spending and Saving
- Getting a Handle on Your Spending
- Differentiating necessities from luxuries
- Reducing your expenditures
- Setting and following a budget
- Some final spending reminders . . .
- Saving: Necessary Rocket Fuel
- Understanding compounded returns
- Considering your short- and long-term personal and financial goals
- Noting the power of tax-deferred retirement accounts
- Upping Your Income
- Lowering Your Tax Bill
- Knowing your income tax rate
- Using your income tax rate
- Taxing issues regarding children
- Making quarterly tax filing requirements
- Ouch! Dealing with Major Medical Bills
- Reviewing your billing statements for accuracy
- Negotiating with providers or an insurance company
- Chapter 10 Investing Wisely and Securely
- Checking Out All the Places You Can Invest Your Money
- Noting how investment types differ from one another
- Understanding the major investments
- Building wealth with stocks.
- Locating money through real estate
- Turning to small business options
- Searching for safe money investments
- Cultivating Good Investing Habits
- Understanding fees
- Managing monitoring and trading your investments
- Keeping your emotions from following market trends
- Dealing with investment setbacks
- Developing a Personal Investing Plan
- Taxing situations
- Assessing your current portfolio
- Allocating those assets
- Selecting the Best Mutual Funds and Exchange-Traded Funds (ETFs)
- Investing in stock and bond funds
- Minding the ABCs of ETFs
- Seizing Investment Opportunities During Tough Times
- Cashing in on reduced stock and real estate prices
- Mustering the courage to buy when more people are selling
- Chapter 11 Getting and Maintaining Proper Insurance
- Being Prepared: A Quick Lesson on Insurance
- Don't sweat the small losses . . .
- Define a small loss . . .
- Insurance not to buy
- Insurance worth purchasing
- Protecting Your Health
- Reviewing your current health insurance
- Saving tax dollars with health savings accounts
- Maximizing your personal health
- Securing Your Income-Earning Ability
- Long-term disability insurance
- Life insurance
- Insurance on Your Assets
- Insuring your home
- Auto insurance
- Excess liability insurance
- Will, Trusts, and Estate Planning
- Starting with a will
- Preparing other useful legal documents
- Considering your preparation options
- Protecting Yourself from Identity Theft and Fraud
- Part 5 Prepping for Future Armageddon
- Chapter 12 What Pundits Scare People About
- Fearmongers Have Been Scaring Folks for Generations
- Case study: Peter Schiff has been scaring investors for generations
- Understanding what pundits are trying to sell you
- Seeing why fearmongers' predictions are often wrong
- Surveying the Leading Worries Being Pitched Today.
- Excessive government debts
- High inflation and worthless currencies
- Anarchy and the breakdown of society
- Chapter 13 Preparing Yourself for Unexpected Future Crises
- What Possible Future Crises Should You Be Prepared For?
- Dangers of excessive dependence upon technology and internet
- Hazards of faster and inaccurate "news" flow
- Spreading socialism
- Climate change (also known as global warming)
- Power grid failures and resource shortages
- Solvency of Social Security
- Preparing Financially and Otherwise for New Future Crises
- Part 6 The Part of Tens
- Chapter 14 Tens Ways to Improve Your Personal Safety
- Combine Your Instincts with Proven Strategies
- What You Don't Know Can Hurt You
- Do Unto Others As You Would Have Others Do Unto You
- Err on the Side of Caution
- There's (Some) Safety in Numbers, But There May be a Weak Link
- If It Looks Too Good to Be True, It Probably Is
- Don't Assume "Lightning Never Strikes Twice"
- Don't Judge a Book by Its Cover
- Trust Your Instincts
- Share Your Concerns with Someone You Trust
- Chapter 15 Ten Ways to Address Over-Saving
- Understanding the Over-Saver Mindset
- Balancing Spending and Saving
- Keeping Money Accumulation in Proper Perspective
- Giving Yourself Permission to Spend More
- Doing Some Retirement Analysis
- Getting Smart about Investing Your Money
- Going On a News Diet
- Treating Yourself to Something Special
- Buying More Gifts for the People You Love
- Going Easy When It Comes to Everyday Expenses
- Index
- EULA.
