The value of debt in building wealth : creating your glide path to a healthy financial L.I.F.E. / Thomas J. Anderson.
"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 enco...
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| Language: | English |
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Hoboken :
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2017.
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| Subjects: |
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| 100 | 1 | |a Anderson, Thomas J. |c (Certified investment management analyst) |1 https://id.oclc.org/worldcat/entity/E39PCjrRDY6vRHjk9jYhQrqjkC | |
| 245 | 1 | 4 | |a The value of debt in building wealth : |b creating your glide path to a healthy financial L.I.F.E. / |c Thomas J. Anderson. |
| 264 | 1 | |a Hoboken : |b Wiley, |c 2017. | |
| 264 | 4 | |c ©2017 | |
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| 520 | |a "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"-- |c Provided by publisher | ||
| 520 | |a "The Value of Debt in Building Wealth will greatly expand upon and go beyond the ideas presented in The Value of Debt by framing out debt strategies for individuals who are generally between 25 and 40 years old and in the first stages of accumulating debt. Topics discussed in the book include: - Debt-to-Asset versus Debt-to-Income ratios: where they intersect, how they tend to move over time, and how these ratios can help guide individuals and families - Rent versus buy; a detailed discussion and analysis - A discussion of student debt and what to do with it - Debt overlay vis-. is one's investment portfolio: where should you direct your cash flow funds? A debate, discussion, and flow chart - Maximizing retirement-related investment opportunities--starting early matters - Saving for children's college and graduate education - The importance of liquidity, and why individuals should be willing to pay for it - The importance of lines of credit including asset based portfolio loans - Fixed vs. floating debt; what you are really paying for, and whether it is worth it - Investment basics and important simple concepts to understand as you move forward"-- |c Provided by publisher | ||
| 504 | |a Includes bibliographical references and index. | ||
| 588 | 0 | |a Print version record and CIP data provided by publisher. | |
| 505 | 0 | |a Cover; Title Page; Copyright; Contents; Foreword; Acknowledgments; About the Author; About Supernova Companies; Introduction; Endnotes; Chapter 1: The Traditional Glide Path; In a Perfect World, No Debt! But Our World Isn't Perfect; You Owe a Debt to Your Future Self; Break the Paycheck-to-Paycheck Cycle; Companies Embrace Balance; The Power of Savings; A New Glide Path: Debt Adds Value; Finding Your Glide Path; The Need for Specific, Actionable Advice; Endnotes; Chapter 2: Foundational Facts; All Debt Is Not Equal: Oppressive, Working, and Enriching Debt. | |
| 505 | 8 | |a Paying Down Debt Gives You a Return Equal to Your After-Tax Cost of That DebtSh*t Happens-Value Liquidity; Yes, You Can-Save; Compounding Matters-For the Upside and the Downside; Compounding Lessons and Hard Knocks; The Past Is the Past; Focus on the Future; Behavioral Economics Matters; Endnotes; Chapter 3: A Balanced Path to L.I.F.E.; Phase 1: Launch!; A Case Study; Application; Frequently Asked Questions; Phase 2: Independence; Scenario 1: You Do Not Own a House; Scenario 2: You Would Like to Purchase a House; A Case Study of Dual Income, No Kids; Application. | |
| 505 | 8 | |a Scenario 3: You Already Own a HouseEndnotes; Chapter 4: Freedom and Equilibrium; Phase 3: Freedom; A Case Study; Application; Frequently Asked Questions; Phase 4: Equilibrium; Application; Bonus Phase: No Debt!; Endnotes; 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; Conservative; Core; Aggressive; Risk Matters-The Risk of Time; Factoring Leverage into Returns. | |
| 505 | 8 | |a Debt as an Integrated Part of Your Investment PhilosophyEndnotes; Chapter 6: Proof of the Value of Debt; The Big Picture-Debt Can Be Valuable; Zero Oppressive Debt Is Valuable; Is Debt Valuable if It Costs Nothing?; What about Borrowing Costs?; What about Investment Returns?; What about the Impact of Savings Rate?; What about the Tax Factor?; What if the Tax Deductibility of Mortgages Goes Away?; Children and College Savings; Interest Rates and Debt Service Coverage Ratios; Endnotes; Chapter 7: Conclusion; Taking a Stand Against Conventional Wisdom; Endnotes; Appendix A: Phi Phound Me. | |
| 505 | 8 | |a Inspiration ArrivedNot Perfect Makes Perfect; Applying the Fibonacci Sequence; From 13 to 8; From 8 to 5; Super Cool Math; Endnotes; Appendix B: Understanding the Power of Securities-Based Lending; Case Study; The Power of Securities-Based Lending; First Bank of Mom and Dad; Endnotes; 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; One-Month LIBOR Interest-Only Floating Rate ARM; 5-, 7-, 10-Year Interest-Only ARM; 15- and 30-Year Fixed Rate. | |
| 650 | 0 | |a Debt. | |
| 650 | 0 | |a Loans, Personal. | |
| 650 | 0 | |a Finance, Personal. | |
| 650 | 7 | |a Debt |2 fast | |
| 650 | 7 | |a Finance, Personal |2 fast | |
| 650 | 7 | |a Loans, Personal |2 fast | |
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| 776 | 0 | 8 | |i Print version: |a Anderson, Thomas J. (Certified investment management analyst). |t Value of debt in building wealth. |d Hoboken : Wiley, 2017 |z 9781119049296 |w (DLC) 2016046388 |
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