Financial adulting everything you need to be a financially confident and conscious adult

"Financial Adulting is an easy-to-follow, informative, and fun financial guide. The book covers everything you need to know and do to be a confident and competent financial adult. It includes all the personal finance education most of us were missing, but also the accompanying tactical step-by-...

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Detalles Bibliográficos
Otros Autores:	Gerstley, Ashley Feinstein, author (author)
Formato:	Libro electrónico
Idioma:	Inglés
Publicado:	Hoboken, New Jersey : John Wiley & Sons, Inc [2022]
Materias:	Finance, Personal. Adulthood.
Ver en Biblioteca Universitat Ramon Llull:	https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009657527106719

Tabla de Contenidos:

Cover
Title Page
Copyright Page
Contents
Preface
Let's Talk About My Privilege
Why Do I Share All This?
I'm Hopeful
I'm Learning
Chapter 1 What Is a Financial Adult?
Why Aren't We Financial Adulting?
Missed Out on Early Basics
Unsure of Where to Get Help
Money Is Tied to Emotion
It's Easy Not to Think About Money
Then There's Oppression
But There Is Good News . . .
So, What Exactly Is a Financial Adult?
A Financial Adult Takes Small, Consistent Steps That Add Up to Big Results
A Financial Adult Understands What's Happening with Their Money
A Financial Adult Feels Confident in Their Financial Plans, Knowing They Will Get to Have and Experience What They Want in Life (Which Is the Whole Point of Having Money Anyway!)
A Financial Adult Understands the Critical Context of Equity and Personal Finance, Recognizes That Privilege Can and Should Be Used to Help Close Racial and Gender Wealth Gaps, or Realizes That They May Be Starting at a Disadvantage Due to Historic and Systemic Obstacles
Time to Get Started
Chapter 2 Equity and Personal Finance
The Idea That You Can Pull Yourself Up by Your Bootstraps Is a Scam
The Racial Wealth Gap
A Very Quick History Lesson (That We Missed in School)
The 1862 Homestead Act
Freedman's Savings Bank
Tulsa Race Massacre of 1921
The Federal Housing Administration (FHA)
Redlining
The Gender Wealth Gap
Another Gap That Has a History
The Equal Credit Opportunity Act (ECOA) of 1974
The Equal Pay Act of 1963 and the Pregnancy Discrimination Act of 1978
The Double X Economy
We Need Women to Be Wealthy
What Needs to Happen to Close These Gaps
Raise the Minimum Wage
Cancel Student Loan Debt
Tax the Super-Wealthy
Pay Reparations
Mandate Paid Leave.
Build a System of Universal, Affordable, High-Quality Childcare
Reform Our Healthcare System
Build a Bigger Coalition
Equality versus Equity
Your Education Matters
Your Financial Adulting Action Items
Chapter 3 Your Money Goals
Why Have Financial Goals?
Start by Listing Out Your Goals
Important Goals to Consider
Time to Prioritize
Priority #1: Some Rainy-Day Funds
Priority #2: 401(k) Match
Priority #3: High-Interest Credit Card Debt
Priority #4: Retirement (a.k.a. work becoming optional)
Everything Else
Make Sure Your Goals Are SMART Goals
How Much Is Enough?
How Much Do I Need in My Rainy-Day Fund?
How Much Do I Need in My Walkaway Fund? Wait . . . What's a Walkaway Fund?
How Much Do I Need to Buy a Home?
How Much Money Do I Need to Retire?
How Much Do I Need to Move Out on My Own?
How Much Do I Need to Start a Family?
How Much Do I Need to Take Care of Family or Elder Dependents?
How Much Do I Need to Start a Business?
How Much Do I Need to Take Time Off to Travel?
Decide How Many Goals to Work Toward
Make a Preliminary Plan
Use Your Goals to Focus
Your Financial Adulting Action Items
Chapter 4 All About Income
What Is a Financial Plan?
What Does a Financial Plan Actually Look Like?
First, the Inflows
Side Hustles
The Gender Wage Gaps
Some Takeaways
Closing the Wage Gap
Pass Policy for Equal Pay
Perform Company Pay Audits
Revamp Internal Hiring and Promotion Processes
Address the Unpaid Labor of Women
Negotiate What You Deserve
Reframe the Negotiation
Understand the Double Bind
Know Your Market Rate
Know Your Walkaway Rate
Prep Your Case
Toot Your Own Horn
Negotiate
Don't Stop with No
It's a Year-Round Process
Other Important Things You Can Negotiate.
Your Financial Adulting Action Items
Chapter 5 Your Money Outflows
Map Out Your Expenses
Add Numbers to Your List
Multigenerational Living
Become Aware of Your Spending
The Pink Tax
Set Up a Sinking Fund
Make a List
Price the Expenses Out
Give Them a Home
Make Them Automatic
Adding Sinking Funds to Your Financial Plan
Plan for Pitfalls
Making Your Plan Too Complicated
Unrealistic or Too-Optimistic Planning
Excluding "Small" Things
Planning for Four-Week Months
Time to Incorporate Your Goals
Putting It All Together
Pay Yourself First
If You Need It - the Health and Safety Budget
Set Up Your Net Worth Tracker
Start with What You Own
Add Up What You Owe
Calculate Your Net Worth
Why Does It Matter?
Your Financial Adulting Action Items
Chapter 6 Consumer Activism
What Is Consumer Activism?
Some Consumer Activism Inspo
Your Consumer Activism Criteria
Sometimes Not Buying Anything at All Is the Best Option
Use Your Voice
Do a Consumer Activism Spending Audit
Make Note of Anything You'd Like to Shift
Take It Step by Step
Cancel Anything You Don't Need
Make a Commitment to Switch over One Recurring Item per Month
Some of Our Spending Is Meta
It Doesn't Have to Be All or Nothing
Don't Forget About Banks
Black-Owned Banks
How Do I Choose My Bank?
Cultivate a Practice of Giving
Update Changes in Your Spending Plan
Your Financial Adulting Action Items
Chapter 7 Work Optional (a.k.a. Retirement)
The Power of Compound Interest
What Does Retirement Actually Mean?
Where Do We Keep This Magical Nest Egg?
401(k) Matching
If Your Employer Doesn't Offer a 401(k)
More 401(k) Deets
More IRA Deets
What the Heck Does Roth versus Traditional Mean?
The Backdoor Is Open
Show Me the Money - How Much?.
Using the Retirement Calculators
Are All Calculators Created Equal?
The Results
What About Social Security?
Retirement Accounts Might Be Only Part of the Plan
Retire Early, You Say? Tell Me More
The Gender and Racial Retirement Gaps
Investing Jargon
Risk
Asset Allocation
Stock
Bond
Diversification
Fund
Portfolio
Figure Out Your Asset Allocation
Target Date Funds
Choosing Our Retirement Investments
First, the Name
What's in the Fund?
What About the Fees?
Where Does Asset Allocation Come In?
Look Out for Other Fees
Set Your Investing Up to Be Automatic
Some Frequently Asked Retirement Questions
What Is 401(k) Vesting?
Should I Roll Over My 401(k)?
Should I Choose an "Aggressive" Investing Plan?
Saving for College with 529 Plans
Other Investing Benefits You Might Get Through Work
Your Financial Adulting Action Items
Chapter 8 Become an Investor for Good
The Opportunity to Invest Is a Privilege
The Culture of Investing
My Investing Story
Before You Get Started
What Is Investing?
Realized versus Unrealized Gains
Long-Term Investing Wins the Tax Game
What If You Lose Money?
The Three Ways to Invest (from Least to Most Expensive)
On Your Own
With a Robo-Advisor
Hiring a Financial Advisor
But Wait, What's a Financial Planner?
What You Need to Get Started
What Is a Brokerage Account?
How Much Money Should I Invest?
Can I Invest Before I Pay Off My Student Loans (or other debt)?
Time Is Very Important
Are You Ready to Level Up Your Risk Knowledge?
The Types of Investments
What's in These Funds?
What Does Broadly Diversified Mean?
Where Does Investing for Good Come In?
What About Socially Responsible or Values-Based Investing?
How to Choose a Brokerage Account
Start with Recommendations.
Look for a Low or No Minimum
Make Sure There Are No Trading Fees
Say No to Other Fees
Do They Pass Your Consumer Activist Criteria?
SIPC Insurance
What If I Don't Want to Do It Myself?
What About the Apps?
Choosing Your Investments
Start with Asset Allocation
Now On to the Funds
Purchasing or Selling an Investment
The Ways You Can Purchase and Sell
Choosing the Number of Shares
It Won't Happen Immediately
Should I Choose to Reinvest Dividends?
How Do I Know What's a Good Price?
Am I Buying at the Right Time?
Do I Invest All My Money at the Same Time?
When Do I Sell My Investments?
Learn from Some Investing Experts
How Your Investing Can Change as You Build Wealth
Protect Yourself from Yourself
Some Other Things That Might Be on Your Mind
What the Heck Is Bitcoin?
Is Individual Stock Picking Like Gambling?
Your Financial Adulting Action Items
Chapter 9 Buying a Home
Buying a Home - How It Works
Rent versus Buy?
Timing
Your Budget
Your Goals
How Much Will This Cost?
The Down Payment
Mortgage Closing Costs
Other Closing Costs
Life Insurance
Home Emergency Fund
Property Taxes
Updates, Renovations, and Decor
Maintenance Expenses
Costs of the Move Itself
Incorporate These Costs into Your Plan
Add Up the One-Time Costs
Incorporate the Ongoing Costs
"Try On" Your Estimated Homeowner Expenses
Wait, I'm Discouraged
This Is Much More Expensive Than I Thought
Organize Your Finances Before Starting the Process
Check Your Credit Score and Get Credit Ready
Simplify Your Accounts
Go on a Buyer's Budget
Understand the Types of Mortgages Available
Should You Go Digital or Analog?
An Important Ratio to Lenders
What About Discrimination in Lending?
Understand Key Mortgage Jargon.
Should I Pay Down My Mortgage?.

Financial adulting everything you need to be a financially confident and conscious adult

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