When you take a good, hard look at who (or what) is controlling your biggest investments, you may just find it's not you. In some cases, it may be that no one is getting the job done and, in other instances, you may find that outside forces are in control: your employer or the government. Who is contributing and managing your retirement account? Who is handling your mortgage? Veteran financial journalists Ali Velshi and Christine Romans tackle every money issue today, from homes and debt to education and employment, and along the way they place the ownership back in our own hands, empowering…mehr
When you take a good, hard look at who (or what) is controlling your biggest investments, you may just find it's not you. In some cases, it may be that no one is getting the job done and, in other instances, you may find that outside forces are in control: your employer or the government. Who is contributing and managing your retirement account? Who is handling your mortgage? Veteran financial journalists Ali Velshi and Christine Romans tackle every money issue today, from homes and debt to education and employment, and along the way they place the ownership back in our own hands, empowering the reader with prescriptive, how-to information to come up on top. In the education chapter, the authors argue that the appropriate amount of student debt to amass should be equivalent to what you would earn in the first year working in your chosen field. If it's above that projected earning level, you should seriously re-consider either going to school or your selected career path. In the housing chapters, the authors make the case that now is the time to buy (and no one is telling you this!) because of record low mortgage rates and stellar home prices.
Ali Velshi is CNN's chief business correspondent and host of Your $$$$$, CNN's weekend business roundtable program, as well as a regular contributor and anchor for Issue #1, the network's in-depth coverage initiative on the single issue that matters most to CNN's audience. Velshi also hosts The Ali Velshi Show, a weekly call-in radio program on both CNN Radio and CNN.com Live, and fields viewer calls three times a week for the Help Line segment for Headline Prime on Headline News. Online users can also listen to Velshi's podcast, The Ali V Podcast, available at www.CNN.com/podcasting and on iTunes. Based in New York, Velshi has covered the U.S. government's bailout plan, the financial collapses of Fannie Mae, Freddie Mac, AIG and Lehman Brothers, and Hurricanes Gustav and Ike, reporting on the impact of the storms on oil refineries. He covered the Enron story at every step since it hit the national spotlight in 2001, including the guilty verdicts of Enron Corp.'s founder Kenneth Lay and former chief executive Jeffrey Skilling on conspiracy and fraud charges. He reported live from Ford headquarters in Dearborn, Mich., as the company announced the layoff of 30,000 workers. He was reporting live from an oil rig in the Gulf of Mexico amid evacuation calls for Hurricane Katrina.
Inhaltsangabe
Acknowledgments xi Introduction xiii Chapter 1 The Big Picture 1 Money Is Everywhere 2 Understanding Money 4 Where Are You? 5 Getting to Where You Want to Go 6 Getting Started 7 The Key to Wealth: Live Below Your Means 9 Change with the Times 10 It's Up to You 11 Different Strokes, Different Folks 12 Making Your Plan 12 Chapter 2 We Fight About Money, Too 15 A Failure to Communicate 17 How Do You Have a Difficult Conversation? 18 Chapter 3 Gendernomics 27 Shifting Roles 29 Are You Sure We're Talking about the Same Thing? 30 Why Do Smart People Buy Stupid Things? 32 Women and Investing 33 Gendernomics in the Workplace 35 Chapter 4 Speaking Money around the World 39 A Brief History 40 Climbing Up the Ladder 42 A Fish Story 44 Globalization: Good or Bad? 45 What Goes Around Comes Around 48 Who's Zooming Who? 49 Chapter 5 Speaking Money at Work 53 Speak STEM 55 Dirty Jobs 57 Green Jobs 58 Women and Work 60 Getting a Job 61 The Long-Term Unemployed 65 You Wanna Start Something? 67 Not-So-Happy Campers 68 Chapter 6 Speaking Money on Campus 71 High School Then, College Today 72 A College Degree Never Hurt Anyone 74 The Future Starts in Grade School 75 Education for Life 76 How Should You Look at College? 77 Thinking of Changing Fields? 81 Chapter 7 Speaking Money in the Market 87 Cash Equivalents 89 Let's Speak Bonds 91 Price versus Yield 92 The World of Stocks 94 International Investing 95 Stepping into the Market 97 Mutual Funds 98 Index Funds 99 Exchange Traded Funds (ETFs) 102 Do Your Homework! 102 Chapter 8 Speaking Money to Investment Principles 107 Principle 1: There Is a Direct Relationship between Risk and Return 107 Principle 2: Time Is Your Friend 114 Principle 3: Diversification Lowers Your Risk and Improves Your Return 114 Asset Allocation: The Key to Results 116 Chapter 9 Speaking Money in Your Own Portfolio 119 Your Investment Questionnaire 120 Your Model Portfolios 125 The Importance of Rebalancing 128 Financial Advisors--Yes or No? 129 Chapter 10 Speaking Money on the Home Front 135 Buying a Home 138 Rent versus Buy: One Man's Story 145 What If You're Selling? 146 When Is the Best Time to Buy? 149 Chapter 11 Speaking Money on Budget 153 Software Makes Budgeting Easier 155 Here Comes the Rain 156 What Does It Cost to Live? 157 Getting Out of Debt 160 Chapter 12 Speaking Money in Retirement 163 The Historical Perspective 164 Retirement Is Expensive 166 Programs to Fund Your Retirement 168 Play a Waiting Game 171 Social Security: The Nation's Safety Net 173 Summing It Up 174 Living Your Golden Years 175 Afterword 177 Bibliography 179 About the Authors 181 Index 185
Acknowledgments xi Introduction xiii Chapter 1 The Big Picture 1 Money Is Everywhere 2 Understanding Money 4 Where Are You? 5 Getting to Where You Want to Go 6 Getting Started 7 The Key to Wealth: Live Below Your Means 9 Change with the Times 10 It's Up to You 11 Different Strokes, Different Folks 12 Making Your Plan 12 Chapter 2 We Fight About Money, Too 15 A Failure to Communicate 17 How Do You Have a Difficult Conversation? 18 Chapter 3 Gendernomics 27 Shifting Roles 29 Are You Sure We're Talking about the Same Thing? 30 Why Do Smart People Buy Stupid Things? 32 Women and Investing 33 Gendernomics in the Workplace 35 Chapter 4 Speaking Money around the World 39 A Brief History 40 Climbing Up the Ladder 42 A Fish Story 44 Globalization: Good or Bad? 45 What Goes Around Comes Around 48 Who's Zooming Who? 49 Chapter 5 Speaking Money at Work 53 Speak STEM 55 Dirty Jobs 57 Green Jobs 58 Women and Work 60 Getting a Job 61 The Long-Term Unemployed 65 You Wanna Start Something? 67 Not-So-Happy Campers 68 Chapter 6 Speaking Money on Campus 71 High School Then, College Today 72 A College Degree Never Hurt Anyone 74 The Future Starts in Grade School 75 Education for Life 76 How Should You Look at College? 77 Thinking of Changing Fields? 81 Chapter 7 Speaking Money in the Market 87 Cash Equivalents 89 Let's Speak Bonds 91 Price versus Yield 92 The World of Stocks 94 International Investing 95 Stepping into the Market 97 Mutual Funds 98 Index Funds 99 Exchange Traded Funds (ETFs) 102 Do Your Homework! 102 Chapter 8 Speaking Money to Investment Principles 107 Principle 1: There Is a Direct Relationship between Risk and Return 107 Principle 2: Time Is Your Friend 114 Principle 3: Diversification Lowers Your Risk and Improves Your Return 114 Asset Allocation: The Key to Results 116 Chapter 9 Speaking Money in Your Own Portfolio 119 Your Investment Questionnaire 120 Your Model Portfolios 125 The Importance of Rebalancing 128 Financial Advisors--Yes or No? 129 Chapter 10 Speaking Money on the Home Front 135 Buying a Home 138 Rent versus Buy: One Man's Story 145 What If You're Selling? 146 When Is the Best Time to Buy? 149 Chapter 11 Speaking Money on Budget 153 Software Makes Budgeting Easier 155 Here Comes the Rain 156 What Does It Cost to Live? 157 Getting Out of Debt 160 Chapter 12 Speaking Money in Retirement 163 The Historical Perspective 164 Retirement Is Expensive 166 Programs to Fund Your Retirement 168 Play a Waiting Game 171 Social Security: The Nation's Safety Net 173 Summing It Up 174 Living Your Golden Years 175 Afterword 177 Bibliography 179 About the Authors 181 Index 185
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"How To Speak Money by Ali Velshi and Christine Romans is a tutorial for the last taboo subject... our money. Ali and Christine remove the mystery and help us understand smart strategies for financial independence, growth, and security. The book fascinates as it teaches. Ali, the dare devil who takes risks and Christine the fiscal conservative who lives consciously. This book should be required education for everyone. People communicate more openly about sex than money. Each person in a relationship, whether business or personal, needs to understand and resolve, different points of view about debt, saving, investing and spending. If men are from Mars and women are from Venus, most of us live on the confused planet of Pluto, when it comes to dollars and sense. How to Speak Money, is the new gift for loved ones, colleagues, non-profits and friends. This Christmas, because of this great new book, the people in my life will finally be speaking the same language in matters of finance. Thank you, Ali and Christine."--Kathy Ireland, CEO and Chief Designer of kathy ireland Worldwide.
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