Your Money Milestones: A Guide to Making the 9 Most Important Financial Decision

The Nile on eBay   Your Money Milestones by Moshe Milevsky, PH.D., Moshe Milevsky

This book offers a complete framework for thinking about money. Drawing on research into psychology and personal finance, Milevsky helps you identify the true value all of your resources; budget for hidden liabilities in your future; plan to spend your total resources smoothly over time; and prepare for unexpected events that could upend even the most careful planning. You'll discover why: children are short-term investment liabilities but may be long-term pension assets; winning the lottery may increase your chances of going bankrupt; and giving up control of your retirement nest egg might actually make you happier. The insights are fascinating and useful throughout your life whether you're deciding what to study; contemplating your first home purchase; deciding whether to keep contributing to your 401(k); or considering when and whether to retire.

FORMATPaperback LANGUAGEEnglish CONDITIONBrand New Author Biography

Moshe A. Milevsky, Ph.D. is a tenured finance professor at the Schulich School of Business at York University in Toronto, Canada, and the executive director of the nonprofit IFID Centre. He is also the president and CEO of The QWeMA Group, a software company that develops intellectual property and numerical algorithms for the financial services industry. He also writes a monthly column for Research Magazine that is read by financial advisors and planners in North America. Moshe is a well-known public speaker and has delivered keynote lectures and seminars in Europe, South America, the Far East, and the UK. In June 2009, he was a main platform speaker for MDRT's annual meeting. He has consulted for global insurance companies and pension funds including the Florida State Board of Administration's (FSBA) retirement plan. He is currently a member of a variety of corporate advisory councils. To date he has published multiple books, more than 50 peer-reviewed research papers, and more than 100 personal finance articles on the topic of insurance, investments, pensions, retirement, and annuities.

Table of Contents

AcknowledgmentsAbout the AuthorPrologue: Financial DecideIntroduction: Human Capital: Your Greatest AssetChapter 1: Is the Long-Term Value of an Education Worth the Short-Term Cost?Chapter 2: What Is the Point of Saving Money Forever?Chapter 3: How Much Debt Is Too Much and How Much Is Too Little?Chapter 4: Are Kids Investments and Can Marriages Diversify?Chapter 5: Government Tax Authorities: Partners, Adversaries, or Bazaar Merchants?Chapter 6: Can You Eat Your House or Will It Ever Pay Dividends?Chapter 7: Insurance Salesmen and Warranty Peddlers: Are They Smooth Enough?Chapter 8: Portfolio Construction: What Asset Class Do You Belong To?Chapter 9: Retirement: When Is It Time to Shutter the Well and Close the Mine?Conclusion: Four Principles to Guide All Financial Decisions and Money MilestonesReferencesIndex

Review

800 CEO Read Bestseller, March 2010.   Recommended in "5 Money Books Worth Every Penny," by Liz Pulliam Weston, MSN Money.   "Your Money Milestones refutes mainstream financial rules." USA Today, March 12, 2010.    

Long Description

A Whole New Way to Look at Your Money...and Make It Grow! "Here is a lively new guide that offers fresh and actionable ways to approach everyday financial problems. Whether you're rich or just getting by, starting your career or winding down, you'll benefit from the author's insightful observations and suggestions--all delivered with warmth and wit." --Evan Cooper, Deputy Editor, InvestmentNews "The author's unique gift is to make complex ideas from the world of high finance simple to understand, and his new book gently coaches readers in how to think about their personal finances. Best of all, readers can use Milevsky's financial calculators online to test these ideas, so they can make choices with confidence. Investing in this book might be the wisest financial decision you make this year." --Gil Weinreich, Editor, Research Magazine "The author has accomplished the near impossible. He has made the complicated, confusing, and often contradictory world of personal financial planning easy to understand. More importantly, he's made it easy to act on his ground-breaking advice and guidance and has made it easy for readers to address their most important financial decisions in a thoughtful, practical, and painless manner." -- Robert Powell, Editor, Retirement Weekly and Retirement Columnist, "What are the nine crucial financial decisions every person must make over the course of a lifetime? If you don't know, read this book. The author's nine choices revolve around his core concept of human capital and how it must be gradually converted to financial capital to achieve a successful retirement." --Jonathan Chevreau, National Post Columnist and Author of Findependence Day " Your Money Milestones helps just about anyone see life's most important money decisions in a fresh and completely rational light. If you want a smart, practical roadmap to a financially sound future, you need this book." --Eric Schurenberg, Editor-in-Chief, BNET Your Money Milestones illustrates how four principles inspired by basic arithmetic can be applied to manage the most important financial decisions (money milestones) people face over their entire financial lifecycles. Addition : Identify the true value all of your financial resources. Subtraction : Budget for the hidden liabilities in your future. Division : Spend your total resources evenly over time. Multiplication : Prepare for many alternative and unexpected universes. This book offers a complete framework for thinking about money that's every bit as provocative as Freakonomics . Drawing on the newest research into psychology and personal finance, Milevsky helps you identify the true value all of your resources; budget for hidden liabilities in your future; plan to spend your total resources smoothly over time; and prepare for unexpected events that could upend even the most careful planning. You'll discover why children are short-term investment liabilities but may be long-term pension assets, why winning the lottery may increase your chances of going bankrupt, and why giving up control of your retirement nest egg might actually make you happier. The insights are fascinating and useful throughout your life whether you're deciding what to study, contemplating your first home purchase, deciding whether to keep contributing to your 401(k), or considering when and whether to retire.

Review Text

800 CEO Read Bestseller , March 2010. Recommended in " 5 Money Books Worth Every Penny," by Liz Pulliam Weston, MSN Money . "Your Money Milestones refutes mainstream financial rules." USA Today , March 12, 2010.

Review Quote

800 CEO Read

Feature

Shows how just four simple principles you learned in grade school can be used to manage the most critical money milestones in your life. A whole new way to think about your money, drawing on the latest research in psychology, behavioral finance, and personal money management. Make better decisions about college, homebuying, retirement, insurance, and even kids! Each chapter will direct readers to an online calculator website that will allow the reader to experiment and play with the various concepts, themselves.

Description for Sales People

This book illustrates how FOUR principles inspired by basic arithmetic can be applied to manage the most important financial decisions (money milestones) people face over their entire financial lifecycle. They are Identify the true value all of your financial resources ( ADDITION ). Budget for the hidden liabilities in your future ( SUBTRACTION ). Spend your total resources evenly over time ( DIVISION ). Prepare for many alternative and unexpected universes ( MULTIPLICATION ). This book offers a complete framework for thinking about money that's every bit as provocative as Freakonomics. Drawing on the newest research into psychology and personal finance, Milevsky helps you identify the true value all of your resources; budget for hidden liabilities in your future; plan to spend your total resources smoothly over time; and prepare for unexpected events that could upend even the most careful planning. You'll discover why: children are short-term investment liabilities but may be long-term pension assets; winning the lottery may increase your chances of going bankrupt; and giving up control of your retirement nest egg might actually make you happier. The insights are fascinating and useful throughout your life whether you're deciding what to study; contemplating your first home purchase; deciding whether to keep contributing to your 401(k); or considering when and whether to retire.

Details ISBN0133831868 Short Title YOUR MONEY MILESTONES Pages 224 Language English ISBN-10 0133831868 ISBN-13 9780133831863 Media Book Format Paperback DEWEY 332.024 Country of Publication United States Subtitle A Guide to Making the 9 Most Important Financial Decisions of Your Life Imprint Addison Wesley Place of Publication Boston AU Release Date 2014-03-11 NZ Release Date 2014-03-11 US Release Date 2014-03-11 Year 2014 Publication Date 2014-03-11 UK Release Date 2014-03-11 Author Moshe Milevsky Publisher Pearson Education (US) Replaces 9780137029105 Audience Tertiary & Higher Education We've got this

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