Five years from now, what are you going to do when a major expense pops up? In ten years, will you still be renting an apartment? Thirty years from now, will you have enough money for retirement? Planning your current finances is hard enough, but looking ahead to the future can be downright frightening! Personal Finance For Beginners In 30 Minutes, Vol. 2, is here to help.

In 30 short minutes, you’ll get a quick but solid lesson on planning your financial future. Using plain English and lots of examples, the book explains:

  • How to fund a special savings account for emergencies and other unexpected costs
  • Compound interest and how it can help you save more
  • Tips for buying a home
  • Mortgage basics, from ARMs to points
  • IRA and 401(k) retirement accounts
  • How to fund retirement accounts, with examples
  • The pros and cons of mutual funds
  • Low-risk mutual funds for your retirement portfolio
  • Disability and life insurance basics
  • Four types of legal documents you should prepare now

If you’ve been delaying planning your future finances, now is the time to get started on the practical steps that can put real money in your pocket when you need it most. Years from now, you’ll thank yourself for taking some of the practical steps described in Personal Finance For Beginners In 30 Minutes, Vol. 2. Buy it now!

Table of Contents

Introduction

  • Meet Frank, Jordan, And Stephanie
  • Disclaimer

Chapter 1 – Creating A Special Savings Account

  • A Simple Four-Step Plan To Create A Special Savings Account
  • Example A: Frank’s Irregular Savings Plan
  • Example B: Jordan Uses Automated Transfers
  • Example C: Stephanie’s Savings Plan
  • When A Special Savings Account Isn’t Enough

Chapter 2 – Buying A Home

  • Are You Ready To Buy A Home?
  • Tips For Buying A Home
  • Down Payments And Mortgage Requirements
  • Applying For A Mortgage
  • What Is An ARM?

Chapter 3 – Saving For Retirement

  • Tax-Protected Retirement Accounts: 5 Easy Concepts
  • What’s A Mutual Fund?
  • When Markets Tank
  • Compounding: How A Little Money Can Go A Long Way
  • Example 1: Taxable account with no compound growth
  • Example 2: Taxable account with earnings reinvested
  • Example 3: $10,000 in a Roth IRA, no additional contributions
  • Example 4: $10,000 in a retirement investment account with regular contributions, tax-free growth, and compounding
  • Types Of Retirement Accounts
  • How 401(k) Plans Work
  • How IRAs Work
  • How Roth IRAs Work
  • What’s A Rollover IRA?
  • Solo 401(k), SEP, and SIMPLE Plans
  • How Mutual Fund Expense Ratios Can Eat Into Your Retirement
  • The Advantages Of Index Funds
  • A Simple Plan To Save For Retirement
  • Setting Up Your Retirement Accounts
  • What Funds Should I Get For My 401(k) or IRA?
  • Retirement Planning With Frank, Jordan, and Stephanie
  • Example A: Frank’s 1% Approach
  • Example B: Jordan’s “Max The Match” Plan
  • Example C: Stephanie Goes For The Match, And A Roth IRA

Chapter 4 – Preparing For Disability Or Death

  • “But it can’t happen to me!”
  • Setting Up Basic Life Insurance
  • Getting Inexpensive Life Insurance Through Employers
  • Short-term vs. Long-term Disability Insurance
  • Four Legal Documents You Must Set Up Now
  • Beneficiary Designations
  • Wills
  • Power Of Attorney
  • Health Care Directives

Conclusion

Buy the Guide

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