Creating Your Glide Path to a Healthy Financial L.I.F.E.
Omschrijving
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. 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. Foreword
Acknowledgments
About the Author
Introduction
Chapter 1: The Traditional Glide Path
The Need for Specific, Actionable Advice
Chapter 2: Foundational Facts
All Debt is Not Equal: Oppressive, Working, and Enriching Debt
Paying Down Debt Gives You a Return Equal to Your After-Tax Cost of That Debt
Sh*t Happens Value Liquidity
Yes, You Can Save
Compounding Matters For the Upside and the Downside
The Past is the Past; Focus on the Future
Behavioral Economics Matters
Chapter 3: A Balanced Path to L.I.F.E.
Phase 1: Launch!
Phase 2: Independence
Chapter 4: Freedom and Equilibrium
Phase 3: Freedom
Phase 4: Equilibrium
Bonus Phase: No Debt!
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
Risk Matters The Risk of Time
Factoring Leverage into Returns
Debt as an Integrated Part of Your Investment Philosophy
Chapter 6: Proof of the Value of Debt
The Big Picture Debt Can Be Valuable
Children and College Savings
Interest Rates and Debt Service Coverage Ratios
Chapter 7: Conclusion
Taking a Stand Against Conventional Wisdom
Appendix A: Phi Phound Me
Inspiration Arrived
Not Perfect Makes Perfect
Applying The Fibonacci Sequence
From 13 to 8
From 8 to 5
Super Cool Math
Appendix B: Understanding The Power of Securities-Based Lending
Case Study
The Power of Securities-Based Lending
First Bank of Mom and Dad
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
Owning Can Be Great
Appendix D: The Millennial s Guide To Debt and Getting Started
Saddled by Student Loans
The Best Budget: Spend Less Than You Make
Debt to Income Ratios
Pulling These Concepts Together
Appendix E: The Math Behind the Examples
Chapter 1: The Nadas, Steadys and Radicals
Chapter 3 and 4: Brandon and Teresa
Higher Income
Glossary
Resource Guide
Bibliography
Suggested Reading
Index
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