NEW YORK TIMES BESTSELLER * From the bestselling author of I Will Teach You to Be Rich, go from financial frustration to joy with the aid of this book about navigating money while in a relationship.
Personal finance juggernaut Ramit Sethi's program addresses the most common money issues in relationships without using boring budgets or restricting plans. Discover your Rich Life by learning to: -Stop fighting over money.** 10th ANNIVERSARY EDITION; CRYPTO, INFLATION, PANDEMICS, MORE!** TRANSLATED IN OVER 25 LANGUAGES WORLDWIDE!
Is the financial plan of mediocrity -- a dream-stealing, soul-sucking dogma known as The Slowlane your plan for creating wealth? You know how it goes; it sounds like this:
Go to school, get a good job, save 10% of your paycheck, buy a used car, cancel the movie channels, quit drinking expensive Starbucks lattes, save and penny-pinch your life away, trust your life-savings to Wall Street, preferably a low cost indexed-fund, and then one day, when you are oh, say, 65 years old, you can retire rich.
The mainstream financial gurus have sold you blindly down the river to a great financial gamble: You've been hoodwinked to believe that wealth can be created by recklessly trusting in the uncontrollable and unpredictable markets: the stock market, the job market, and the housing market. This impotent financial gamble dubiously promises wealth in a wheelchair -- sacrifice your youth for a financial plan that reaps dividends in life's twilight.
Accept the Slowlane as your blueprint for wealth and your financial future will drift carelessly on a sailboat of HOPE: HOPE you can find a job and keep it, HOPE the stock market doesn't tank, HOPE the economy rebounds, HOPE, HOPE, and HOPE. Do you really want HOPE to be the centerpiece for your family's financial plan?
Drive the Slowlane and life will deteriorate into a miserable exhibition about what you cannot do, versus what you can. For those who don't want a lifetime subscription to mediocrity and a lottery-sized chance of elderly riches, there is an alternative; an expressway to extraordinary wealth that can burn a trail to financial independence faster than any road out there.
When it comes to estate planning and the effective transfer of wealth, most discussions involving the terms wealth and money use those terms interchangeably. Although the two are not the same, most estate planners today do not even broach this concept with their clients or include the less-tangible aspects of wealth as they draft an estate plan. They simply develop an estate plan that prepares the family's financial assets to be dumped, divided, deferred, and dissipated among the members of the next generation. These estate plans typically reflect a very linear way of thinking. In other words, if transferring some amount of financial wealth is good, then transferring more financial wealth is better. Not only is this approach is myopic and simplistic, but it's ultimately destructive because it focuses on the fire (the result) and not on the flint and kindling (the tools and resources that produce the result).
Entrusted lays out the foundations of Entrusted Planning process, which aligns the principles and values of a family with their tangible assets and prepares future generations to build a true and lasting legacy. It's a process that draws from the very origins of estate law, which placed the highest value on who was involved--on who was entrusted. Entrusted Planning goes back to preparing beneficiaries for wealth beyond just the legal concept of a trust and takes into account the relational maturation of the person or persons being entrusted as stewards of resources, not just consumers and users of it. Entrusted Planning is about transferring opportunities instead of just assets and doing so over multiple generations.
By focusing on the means to an end (education, personal character, home ownership, entrepreneurship, charitable service) as opposed to the end (stocks, bonds, real estate, and businesses), Entrusted Planning has the greatest potential to do the maximum amount of multigenerational good with the least amount of collateral damage. Entrusted families have goals that are both deep and broad. They're less interested in preparing their families to be rich and more interested in preparing them to manage, sustain, and carry on a rich legacy.
Entrusted outlines seven core disciplines that can be found across a multitude of successful high-net-worth families going back hundreds of years. These are not hypothetical or idealistic disciplines. These disciplines are real and permeate through the families who have embraced these concepts.
Discipline 1. Entrusted families know who they are and what they believe.
Discipline 2. Entrusted families prepare the family for the wealth and not just the wealth for the family.
Discipline 3. Entrusted families maximize the positive benefits of wealth and minimize the negative effects.
Discipline 4. Entrusted families focus on flint and kindling and not on the fire.
Discipline 5. Entrusted families are generous.
Discipline 6. Entrusted families preserve and protect wealth.
Discipline 7. Entrusted families design and implement dynamic governance.
When a family gets to the point where they are putting their wealth behind a statement such as We are the Smiths. This is what we believe in, this is what we value, and this is what we do to impact the world, they will produce successive generations who can be Entrusted.
Money Lessons from the First Gen Mentor
Cultura and Cash is a practical and jargon-free money guide to help you tackle your finances as a First Gen Latina. In this valuable book, The First Gen Mentor, Giovanna Gigi González, uncovers cultural and systemic barriers First Gen face in their financial journey and provides actionable solutions on how to overcome them. Through storytelling and real-life examples, she'll go into depth and explain best practices for creating a solid financial foundation through emergency funds, credit building, budgeting, debt payoff, and investing.
This book will improve your money mindset and give you the information you need to create financial success on your terms with family in mind. You will learn how to balance family expectations while prioritizing your own financial wellness and that money does not control you and limit you. Instead, it's a powerful self-care tool you use to your advantage to support you and those you care about. Read this book and you will be empowered to take action and start designing a life you love.
This is the perfect guide for readers ready to move from balancing their checkbook to investing in the stock market and themselves... Highly recommended. - Library Journal
Realize financial stability and investing confidence with this one-of-a-kind resource by renowned money expert Nicole Lapin.
New York Times bestselling author of Rich Bitch Nicole Lapin gives you the skinny on how financial markets and common investing strategies work to build your understanding and gain confidence. The Money School is divided into courses (of course), four of them, with three levels each, totaling 12 lessons all together. The first course focuses on the stock market, where you'll learn all about one of the most potent and accessible forces in our financial system. The second zooms into debt (the good kind!), where you own debt, not owe it via CDs and treasury bonds. The third course steps it up with more exotic or advanced securities like commodities, currencies, and derivatives. The final part wraps it all up with how you can make a portfolio to help you reach your own financial success as you define it.
Once you have completed the courses, turn to the end of the book for self-assessment quizzes and a full dictionary of key financial terms to keep on hand as a resource. Class is in session!
Reviews
This! This is what I needed when I was in high school. It is also what I needed when I was in college, and when I bought my first car, and when I bought my first house, and when I opened my first credit card. Every high school student in America should have to pass a class that uses this book. The real-world examples are relatable and make the reader feel like they are armed with the knowledge they need. It doesn't just make you book smart. It makes you street smart. -Stuart Draper
In How to Adult, Jake Cousineau engages readers using a blend of storytelling, analogies, charts and research to deliver key financial lessons. Whether it's comparing index funds to sports teams or interest to pineapple on pizza, Jake has a gift in delivering financial advice in a way that will educate adults, you and old alike! -NGPF Personal FinanceThis work has been selected by scholars as being culturally important and is part of the knowledge base of civilization as we know it.
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