The value of debt in building wealth

creating your glide path to a healthy financial L.I.F.E.

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The value of debt in building wealth
Anderson, Thomas J. (Certified ...
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August 4, 2020 | History

The value of debt in building wealth

creating your glide path to a healthy financial L.I.F.E.

  • 0 Ratings
  • 1 Want to read
  • 0 Currently reading
  • 1 Have read

"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"--

Publish Date
Language
English
Pages
246

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Book Details


Table of Contents

Machine generated contents note: Foreword Acknowledgments About the Author Introduction Chapter 1: The Traditional Glide Path The Need for Specific, Actionable Advice 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 Debt Sh*t Happens
Value Liquidity Yes, You Can
Save Compounding Matters
For the Upside and the Downside The Past is the Past; Focus on the Future Behavioral Economics Matters Chapter 3: A Balanced Path to L.I.F.E. Phase 1: Launch! Phase 2: Independence Chapter 4: Freedom and Equilibrium Phase 3: Freedom Phase 4: Equilibrium Bonus Phase: No Debt! 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 Risk Matters
The Risk of Time Factoring Leverage into Returns Debt as an Integrated Part of Your Investment Philosophy Chapter 6: Proof of the Value of Debt The Big Picture
Debt Can Be Valuable Children and College Savings Interest Rates and Debt Service Coverage Ratios Chapter 7: Conclusion Taking a Stand Against Conventional Wisdom Appendix A: Phi Phound Me Inspiration Arrived Not Perfect Makes Perfect Applying The Fibonacci Sequence From 13 to 8 From 8 to 5 Super Cool Math Appendix B: Understanding The Power of Securities-Based Lending Case Study The Power of Securities-Based Lending First Bank of Mom and Dad 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 Owning Can Be Great Appendix D: The Millennial's Guide To Debt and Getting Started Saddled by Student Loans The Best Budget: Spend Less Than You Make Debt to Income Ratios Pulling These Concepts Together Appendix E: The Math Behind the Examples Chapter 1: The Nadas, Steadys and Radicals Chapter 3 and 4: Brandon and Teresa Higher Income Glossary Resource Guide Bibliography Suggested Reading Index.

Edition Notes

Includes bibliographical references and index.

Classifications

Dewey Decimal Class
332.024/02
Library of Congress
HG3701 .A635 2017, HG179

The Physical Object

Pagination
xxvi, 246 pages
Number of pages
246

ID Numbers

Open Library
OL27229904M
ISBN 10
1119049296
ISBN 13
9781119049296
LCCN
2016046388
OCLC/WorldCat
914596438

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August 4, 2020 Edited by ImportBot import existing book
July 19, 2019 Created by MARC Bot import new book