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- Herausgeber: John Wiley & Sons
- Kategorie: Fachliteratur
- Sprache: Englisch
Just 77 days to a happier, more prosperous life! From Here to Financial Happiness is the day-by-day guide for anyone dreaming of a better life. Whether you're dealing with debt, uncertain about retirement or simply want to get a grip on your finances, this book can put you on the road to happiness with a simple 11-week journey. Just 5-10 minutes a day to think about money, your habits, your goals, and your dreams. What steps can you take today to get your finances on track? What bad habits, bad investments, and misconceptions should you let go of? This book is packed with 77 days' worth of real, actionable guidance for getting your money right--for good. It's not an investment scheme, not extreme couponing, not something else to add to your daily to-do list. Instead, it's about changing you--and the way you handle and think about money--so you can start building the life of your dreams. The next 11 weeks will be a revelation: Some days you'll learn about finance, other days you'll learn about yourself. Many days, you will be given a concrete list of things to do--right at that moment--to start steering your financial situation onto the right path. * Learn how to stack the financial odds in your favor * Amass savings for retirement, the children's college or that next financial emergency * Change your perspective on money and its role in your life * Get your financial house in order--and keep it that way A better life is possible. You do have the power to change things for the better. From Here to Financial Happiness is your personal roadmap to financial freedom.
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Seitenzahl: 144
Veröffentlichungsjahr: 2018
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Table of Contents
Cover
Day One: Start Here, Go Anywhere
Day Two: Failure Is Not an Option
Day Three: Dream a Little
Day Four: Embrace Humility
Day Five: Twin Wins
Day Six: Piling It On
Day Seven: Everything's a Tradeoff
Day Eight: How Happy?
Day Nine: Running the Treadmill
Day Ten: What – Me Worry?
Day Eleven: Lending a Hand
Day Twelve: Looking Back
Day Thirteen: Control What You Can
Day Fourteen: Keep It Simple
Day Fifteen: Happy Days
Day Sixteen: Older and Wiser
Day Seventeen: Life Support
Day Eighteen: Desperately Seeking Solvency
Day Nineteen: Sleeping Better
Day Twenty: Home Schooling
Day Twenty One: True Believers
Day Twenty Two: Hunting but Not Gathering
Day Twenty Three: Fixing to Win
Day Twenty Four: What It Takes
Day Twenty Five: Be Kind to Your Future Self
Day Twenty Six: Ups and Downs
Day Twenty Seven: Enjoying Your Dollars
Day Twenty Eight: The Human Touch
Day Twenty Nine: Taking Charge
Day Thirty: Everybody in the Pool
Day Thirty One: Cover Me
Day Thirty Two: Just in Case
Day Thirty Three: Hits and Misses
Day Thirty Four: Wishes Come True (Maybe)
Day Thirty Five: Peering Forward, Glancing Back
Day Thirty Six: Driving Yourself Crazy
Day Thirty Seven: Wheeling Dealing
Day Thirty Eight: Taking Credit
Day Thirty Nine: Running Up the Score
Day Forty: Automate It
Day Forty One: Added Interest
Day Forty Two: Clearing the Hurdle
Day Forty Three: Be an Owner
Day Forty Four: All You Are
Day Forty Five: Riding the Life Cycle
Day Forty Six: Taking Aim
Day Forty Seven: The Last Shall Be First
Day Forty Eight: Marking Time
Day Forty Nine: Calling It Quits
Day Fifty: Needs First, Wants Second
Day Fifty One: Getting Real about Real Estate
Day Fifty Two: Homeward Bound
Day Fifty Three: The Kids Are All Right
Day Fifty Four: Compounding for Life
Day Fifty Five: History Lesson
Day Fifty Six: Fear Factor
Day Fifty Seven: It's All in the Mix
Day Fifty Eight: Spreading Your Bets
Day Fifty Nine: Reducing Drag
Day Sixty: Cutting Taxes
Day Sixty One: Worth the Wait
Day Sixty Two: Everything in Its Place
Day Sixty Three: Unbeatable
Day Sixty Four: Matching the Market
Day Sixty Five: One‐Stop Shopping
Day Sixty Six: Coping with Crazy Markets
Day Sixty Seven: Keeping Your Balance
Day Sixty Eight: Negative Bonds
Day Sixty Nine: Borrowed Time
Day Seventy: Imposing Order
Day Seventy One: Playing Favorites
Day Seventy Two: Moving On
Day Seventy Three: Cents and Sensibilities
Day Seventy Four: Hiring Help
Day Seventy Five: The Virtuous Cycle
Day Seventy Six: What Money Buys
Day Seventy Seven: Final Wishes
Acknowledgments
About the Author
End User License Agreement
Guide
Cover
Table of Contents
Begin Reading
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E1
From Here to Financial Happiness
ENRICH YOUR LIFE IN JUST 77 DAYS
Jonathan Clements
Copyright © 2018 by Jonathan Clements. All rights reserved.
Published by John Wiley & Sons, Inc., Hoboken, New Jersey.
Published simultaneously in Canada.
No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per‐copy fee to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, (978) 750–8400, fax (978) 646–8600, or on the Web at www.copyright.com. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, (201) 748–6011, fax (201) 748–6008, or online at www.wiley.com/go/permissions.
Limit of Liability/Disclaimer of Warranty: While the publisher and author have used their best efforts in preparing this book, they make no representations or warranties with respect to the accuracy or completeness of the contents of this book and specifically disclaim any implied warranties of merchantability or fitness for a particular purpose. No warranty may be created or extended by sales representatives or written sales materials. The advice and strategies contained herein may not be suitable for your situation. You should consult with a professional where appropriate. Neither the publisher nor author shall be liable for any loss of profit or any other commercial damages, including but not limited to special, incidental, consequential, or other damages.
For general information on our other products and services or for technical support, please contact our Customer Care Department within the United States at (800) 762–2974, outside the United States at (317) 572–3993, or fax (317) 572–4002.
Wiley publishes in a variety of print and electronic formats and by print‐on‐demand. Some material included with standard print versions of this book may not be included in e‐books or in print‐on‐demand. If this book refers to media such as a CD or DVD that is not included in the version you purchased, you may download this material at http://booksupport.wiley.com. For more information about Wiley products, visit www.wiley.com.
Library of Congress Cataloging‐in‐Publication Data
Names: Clements, Jonathan, author.
Title: From here to financial happiness : enrich your life in just 77 days / Jonathan Clements.
Description: Hoboken, New Jersey : John Wiley & Sons, Inc., [2018] | Identifiers: LCCN 2018019715 (print) | LCCN 2018020980 (ebook) | ISBN 9781119510949 (Adobe PDF) | ISBN 9781119510987 (ePub) | ISBN 9781119510963 (hardcover)
Subjects: LCSH: Finance, Personal.
Classification: LCC HG179 (ebook) | LCC HG179 .C65125 2018 (print) | DDC 332.024—dc23
LC record available at https://lccn.loc.gov/2018019715
Cover Design: Wiley
Cover Image: © pbombaert/Getty Images
For June, Joan, and Jerry
Day OneStart Here, Go Anywhere
Want to build a happier, more prosperous financial life? All I ask is 5 or 10 minutes a day for the next 77 days. Some days, I'll offer a brief financial lesson. Some days, you'll learn about yourself. And some days, I'll suggest a few simple steps for you to take.
Think of this book as a conversation. It's between you and me – though you should also invite your spouse or partner, if you have one. Have you ever had a conversation where the other people blather on endlessly about themselves while you struggle to get in a single word? It happens all the time, right? I may have written this book, but you'll get to do a fair amount of the talking.
With that in mind, keep a pencil handy. By the time we're done, I hope you'll have scribbled all over this book – and then erased and revised what you earlier wrote. In the coming days and weeks, we'll work to figure out what you want from your financial life, probe your money beliefs, gather information, and take the necessary steps toward a better life.
Along the way, you'll come to understand some of the key ideas needed to be a prudent manager of your own money. Those notions aren't just about dollars and cents. Instead, we'll devote a fair amount of time to the human side of money – why we do what we do and what money can do for us. My fondest hope: By day 77, you'll be thinking of money not as a burden, but rather, as something that's integral to your life and that, with a little effort, can make it so much richer.
The goal isn't to beat the market, prove how clever we are, or become the wealthiest family in town. Rather, the goal is to have enough to lead the life we want.
Day TwoFailure Is Not an Option
We all get just one shot at making the financial journey from here to retirement, and we can't afford to fail. Even if we want to work for the rest of our lives, that simply isn't realistic: One day, our employer or our aging body will force us out of the workforce – and at that point, we'll need a hefty pile of savings.
How can we stack the odds in our favor, so we have a high likelihood of amassing that decent‐size nest egg? In the days ahead, we'll focus on some simple, no‐nonsense strategies:
Save diligently.
Keep debt to a minimum.
Insure against major financial threats.
Prepare for unemployment.
Hold down investment costs.
Minimize taxes.
Avoid unnecessarily risky investments.
This stuff isn't all that exciting, though the results will be: You'll set yourself on a course that not only brings financial peace of mind today but also ensures a much more prosperous tomorrow.
“But I don't want to be prosperous,” you might respond. “I want to be rich.”
Depending on how you define rich, that could happen over time, but it won't happen quickly.
“But what if I started day‐trading stocks, or borrowed a bunch of money to buy rental properties, or invested in a franchise?”
Yes, those are all potentially faster roads to riches – but they could also be shortcuts to the poorhouse. Never forget that risk and potential reward are inextricably linked. If a strategy holds out the possibility of tremendous wealth, it also runs the risk of terrible failure – and, with the riskiest strategies, terrible failure is the more likely outcome. Our goal: Get you safely and happily from here to retirement.
Life shouldn't be an impulse purchase. We may fall short of our financial plans, but that's better than having no plan at all.
Day ThreeDream a Little
If money were no object, what would you change about your life? What possessions would you buy? What things would you do? Would you continue with your current job, change careers, or retire? Let your mind wander, conjuring up dreams big and small, and then list them below. These things don't necessarily have to involve money, though there's a good chance that dollars and cents are somehow involved.
I'm not promising you'll be able to turn every wish into reality. But this is your chance to articulate what you want – a crucial first step in figuring out how best to handle your money, while also motivating yourself to make the necessary short‐term sacrifices. If we're to say “no” to today's many temptations to spend, we need to make our longer‐term goals even more tantalizing.
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In the coming weeks, we'll take the aspirations you have sketched out here and we'll think about them in three broad buckets: daily spending, large purchases, and major life goals. The objective: Fine‐tune your list and introduce a dose of reality, so you focus on the dreams that are within reach – and that matter most to you.
Humans can't sit quietly: We're always fretting, always dissatisfied, always trying to make progress, always trying to divine the future.
Day FourEmbrace Humility
We tend to be a self‐confident lot, which is a helpful trait. Those who are self‐confident tend to be happier, be more resilient, and enjoy greater career success. But self‐confidence isn't nearly so helpful when it comes to managing money. Want to avoid major financial mistakes? We should start by acknowledging five key failings.
First, we don't necessarily know what we want from our lives. We settle on a career and then realize it isn't for us. We buy a house and find it makes our lives harder, not happier. We lust after a luxury car and finally manage to buy it, only to discover it isn't nearly as life‐enhancing as we imagined. So what do we want from our lives? It takes a lot of thought, which is why we'll tackle the topic multiple times in the weeks ahead.
Second, we don't know what the future will bring. We imagine tomorrow will look like today. But our lives can be turned upside down in the blink of an eye. We might lose our job, fall seriously ill, meet our future spouse, suffer a death in the family, get divorced, stumble upon the home of our dreams, have a child. Most of us have an astonishing ability to cope with change, and we adapt with surprising speed. As you'll learn in the days that follow, that's both good and bad.
Third, we expect too much from money. Yes, a bigger paycheck and greater wealth can enhance our lives. But blindly pursuing wealth and indiscriminately spending money don't guarantee happiness, and they could backfire. If we devote too many hours to getting ahead in our careers, we'll have less time for friends and family – a crucial contributor to happiness. If we spend without thought, we might accumulate possessions that involve constant upkeep and that prove more of a burden than a blessing.
Fourth, we lack discipline. Given a choice between spending today and saving for tomorrow, we're quick to sacrifice the future. Indeed, many folks seem to engage in magical thinking, imagining that their financial future will be bailed out by high investment returns, a rich aunt's bequest, or the next lottery ticket purchase. But none of these things will likely come to pass. Want to grow wealthy? For most of us, the road to riches lies in diligently socking away dollars for three or four decades.
Finally, we overestimate our investment prowess. We almost certainly won't pick stocks that beat the market – and it's highly unlikely we'll find someone who can do so on our behalf. We probably won't grow wealthy by flipping homes, trading options, or investing in our sister‐in‐law's startup. In short, we won't get rich quick, but, with patience and tenacity, we could amass more than enough to live comfortably.
The meek may not inherit the earth. But they are far more likely to retire in comfort.
Day FiveTwin Wins
Talk to financial advisors and they'll tell you that everybody's financial situation is different, so there are no one‐size‐fits‐all solutions. That's largely true. Still, there are two pieces of advice that apply to everybody – and, if you aren't following them, it's time to start.
