
Financial Rules for New College Grads
Invest before Paying Off Debtâand Other Tips Your Professors Didn't Teach You
- 216 pages
- English
- PDF
- Available on iOS & Android
Financial Rules for New College Grads
Invest before Paying Off Debtâand Other Tips Your Professors Didn't Teach You
About this book
An indispensable guide for any recent graduate that provides simple, easy-to-follow rules for making smart personal finance choices during the first decade of one's career. Having graduated from college with a degree, even the luckiest newly minted professionalsâthose who are able to quickly find a full-time job and support themselvesâare often burdened with thousands of dollars in student loan debt. Many of these young professionals grow up hearing that they should not invest until their debt is paid off. Others fall too readily for investment scams or the siren call of instant entrepreneurship. Still others don't invest at all. From financial expert Michael C. Taylor comes a proposed means by which to not only pull oneself out of debt but to start building wealth from the first day on the job: adoption of modesty, skepticism, and optimism. The Financial Rules for New College Graduates explains that by embodying modesty, the opposite of status-seeking ostentation; skepticism, the ability to recognize scams, false promises, and the hyperbole and short-sightedness of financial media; and optimism, the belief that financial security can be yours with little to no risk, anyone can attain financial security. The early chapters address the role of interest rates, compound interest, and discounted cashflows, while the remaining chapters explore each of the most consequential personal finance choices that recent graduates will make in the first ten years of their career.
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Information
Table of contents
- Cover
- Title Page
- Copyright
- Contents
- Part One. Whatâs Stopping You from Achieving Wealth?
- Part Two. Finance Math Concepts for Life
- Part Three. Just Starting Out: Getting to Surplus
- Part Four. Moving Along: Now That You Have a Financial Surplus
- Part Five. Feeling Wealthier
- Part Six. Finishing Strong: How Will You Know If Youâre Wealthy?
- Glossary
- Selected Bibliography
- Index