Jacob Gold

Money Mindset (eBook, PDF)

Formulating a Wealth Strategy in the 21st Century

• Format: PDF

Produktbeschreibung

Harness the power of your money with a 21st century mindset The speed at which the world is evolving is compounding exponentially each day, leaving individual investors wondering how to appropriately plan for their financial future. The financial norms that helped prior generations retire with grace are quickly evaporating or have already been replaced with new difficult realities. Money Mindset is an expert-led guide to growing your wealth, protecting your wealth, and transferring your wealth to future generations. Written by a third generation financial planner who is also an adjunct finance professor at the W.P. Carey School of Business at Arizona State University, Money Mindset helps readers understand important financial concepts and theories of the 21st century. * The science and psychology of money * The 'WHY' of personal financial management * The rule of 72, asset allocation, dollar cost averaging, and the erosive effects of inflation * How to manage a diverse investment portfolio to minimize macroeconomic vulnerability * How to create a legacy through proper estate planning Money Mindset explores the idea that money can be looked at as an energy source. In order to truly harness its powers, one must acquire and maintain a certain money mindset. Everyone wants financial independence--having enough money to consistently fuel their everyday life. Money Mindset clears a path through the increasingly convoluted and ever-changing world to show how to finally become financially secure.

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Produktdetails

• Verlag: John Wiley & Sons
• Seitenzahl: 176
• Erscheinungstermin: 19. Oktober 2015
• Englisch
• ISBN-13: 9781119136071
• Artikelnr.: 44010953

Autorenporträt

JACOB GOLD is the President of Jacob Gold & Associates, Inc., a private wealth management firm located in Scottsdale, Arizona. He and his team provide personalized, comprehensive financial guidance in the areas of retirement planning and wealth preservation. As a third-generation wealth manager, CERTIFIED FINANCIAL PLANNER(TM) practitioner, and adjunct professor of finance at Arizona State University, his understanding of financial planning and investing seems to be embedded in his DNA. He was mentored by his father and grandfather at a young age and learned the fundamentals of the flow of money, the management of money, and the psychology of money that have helped him throughout his life and career. Gold is also a trusted source for market-related commentary and shares his knowledge with some of the largest names in the media world. In addition to his regular personal finance articles for U.S. News & World Report and the Huffington Post, he regularly shares his financial philosophies with a number of media outlets, including the Wall Street Journal, USA Today, the New York Times, Newsweek,and CNBC.

Inhaltsangabe

Foreword xi Preface xv Acknowledgments xix Chapter 1 Money Is Energy 1
There Is No Silver Bullet 4 Building Your "Financial Foundation" 5 What's
Ahead? 6 Note 7 Chapter 2 The Psychology of Money 9 The Science of Fear and
Greed 13 What's Ahead? 16 Note 16 Chapter 3 New Retirement Paradigm 17 The
Coming Crisis in Retirement Planning 20 Why Is Retirement So Different
Today? 20 The System Is Running Out of Energy 23 What's Ahead? 25 Notes 26
Chapter 4 The "Why" of Financial Management 27 What's Your "Why?" 30 Not
Planning Is the Same as Planning to Fail: Where to Start 31 Be Prepared for
the Thunderstorms 32 What's Ahead? 34 Chapter 5 The Power of Compound
Interest and the Erosive Effect of Inflation 35 The Power of Compound
Interest 38 Make Time Work for You 40 The Cost of Procrastination 40 The
Story of Larry and Earl 42 The Erosive Effects of Inflation 43 Looking at
Inflation Today 44 The Shrinking Dollar 45 Memory Lane 46 What's Ahead? 46
Note 47 Chapter 6 Building Your Wealth 49 The Financial Engine of Your
Wealth Creation 52 Asset Allocation 55 Importance of Asset Allocation 56
What Does Salsa Have to Do with Asset Allocation? 58 Rebalancing Your
Portfolio 59 Measuring Volatility 60 Be Smart about Recovery Times 63
Dollar Cost Averaging 64 Systematic Withdrawals 65 Where Does Real Estate
Fit In? 66 What's Ahead? 66 Note 67 Chapter 7 Taxes and Insurance 69 Taxes
71 How to Calculate Your Effective Tax Rate 74 Insurance 75 Health
Insurance 77 Long? Term Care Insurance 77 Life Insurance 79 Types of Life
Insurance 80 Disability Insurance 81 Automobile Insurance 82 Renters or
Homeowner's Insurance 83 Deductibles 84 Overinsured or Underinsured? 85 A
Defensive Strategy 86 What's Ahead? 86 Notes 87 Chapter 8 Estate Planning
89 Simple Estate Planning Documents 92 Beyond the Basics: A Living Trust 94
Chapter 9 Do You Need a Financial Planner? 101 Do You Need Help? 104 Your
Financial Education 106 Note 107 Appendix Economic Energy 109 The History
and Future of Energy in the United States 112 Energy Forecast for North
America 119 Notes 126 Glossary 127 About the Author 137 Index 139