This book evolved from a series of letters I wrote to my daughter regarding topics she was not yet ready to hear about, primarily financial and investing-related ones. Understanding money is essential because it is the most potent tool we have for navigating the complex world we have made. But Dad, I know how vital money is," she once argued. Simply said, I don't want to dwell on it for the rest of my life. This opened my eyes. I enjoy this material. But most people spend their valuable time on activities they find more enjoyable. Building bridges, curing illnesses, negotiating treaties, scaling mountains, developing new technologies, instructing youngsters, and managing enterprises are all ongoing tasks. Regrettably, benign indifference to financial matters exposes you to the financial world's charlatans. They are the ones who make investing unendingly complicated because, if they can, it will be more profitable for them, costlier for us, and compel us into their waiting arms. This is a crucial fact: The only people who profit from complex investments are the ones who design and market them. They are not only more expensive for the investor, but they are also less productive. The straightforward strategy I developed for her and am now presenting to you is not only simple to comprehend and put into practice, but is also more effective than any other. Together we'll explore: Debt: Why you must avoid it and what to do if you have How to think about money. How to build wealth financial coach. How to save: How to save money for goals and life events. financial independence: How to achieve financial independence. Financial coach: Goals of financial coach. If the stock market always goes up and why do people still lose money there. plan: financial plan, how to make financial plan in steps. living debt free. How your asset allocation is tied to those phases and how to choose it. The truth behind Social Security. Enjoy the story..Enjoy the journey.
This book evolved from a series of letters I wrote to my daughter regarding topics she was not yet ready to hear about, primarily financial and investing-related ones. Understanding money is essential because it is the most potent tool we have for navigating the complex world we have made. But Dad, I know how vital money is," she once argued. Simply said, I don't want to dwell on it for the rest of my life. This opened my eyes. I enjoy this material. But most people spend their valuable time on activities they find more enjoyable. Building bridges, curing illnesses, negotiating treaties, scaling mountains, developing new technologies, instructing youngsters, and managing enterprises are all ongoing tasks. Regrettably, benign indifference to financial matters exposes you to the financial world's charlatans. They are the ones who make investing unendingly complicated because, if they can, it will be more profitable for them, costlier for us, and compel us into their waiting arms. This is a crucial fact: The only people who profit from complex investments are the ones who design and market them. They are not only more expensive for the investor, but they are also less productive. The straightforward strategy I developed for her and am now presenting to you is not only simple to comprehend and put into practice, but is also more effective than any other. Together we'll explore: Debt: Why you must avoid it and what to do if you have How to think about money. How to build wealth financial coach. How to save: How to save money for goals and life events. financial independence: How to achieve financial independence. Financial coach: Goals of financial coach. If the stock market always goes up and why do people still lose money there. plan: financial plan, how to make financial plan in steps. living debt free. How your asset allocation is tied to those phases and how to choose it. The truth behind Social Security. Enjoy the story..Enjoy the journey.
