Sign-In
Cart
A Common Sense Guide to Financial Independence Financial Wisdom for My Children
Paperback
Please select the version of book you would like to purchase.
ISBN10: 9672684401
ISBN13: 9789672684404
Publisher: Lightning Source Inc
Published: Feb 17 2022
Pages: 176
Weight: 0.54
Height: 0.38 Width: 6.00 Depth: 9.00
Language: English
ISBN13: 9789672684404
Publisher: Lightning Source Inc
Published: Feb 17 2022
Pages: 176
Weight: 0.54
Height: 0.38 Width: 6.00 Depth: 9.00
Language: English
I wrote this book for my children who are now young adults, but I also thought about the many who could be helped. It will. This is likely one of your most important books. Everyone needs to be educated on financial literacy. It could mean financial salvation in a world of uncertainties. It attempts to capture the important aspects of personal financial management. These are the chapters: 1. The Foundations - live a simple life, stay healthy and invest in yourself
2. Start financial literacy early
3. Start investing early
4. Earn more than you spend
5. Think twice before taking on debts
6. The significance of investment as a second income stream
7. Max out subsidized retirement schemes
8. Take advantage of employee stock purchase plans
9. To buy or not to buy your own home
10. The effect of compounding
11. Understanding major investment types
12. Managing risks
13. Diversification
14. Sound portfolio management
15. Dollar-cost averaging
16. Expenses matter
17. Tax matters
18. The macro picture
19. The art and science of stock picking
20. Be very disciplined in your approach
21. Common sense is not beyond you
22. Setting goals and monitoring progress
23. Making sense of financial statements
24. Brokerage/Trading platforms
25. Professional advisors and asset management services
26. Have adequate insurance coverage
27. With my best wishes These good practices in the book are proven and espoused by many professionals. With financial literacy comes financial wisdom. With financial wisdom, we have a good chance of achieving financial freedom sooner. I set out the compelling reasons, by putting them down in numbers and putting forward the arguments with practical examples, for the actions required. Downloadable financial templates are also made accessible so everyone can create scenarios that better match theirs. There are specific steps we can take to change our fate in life, so that we do not leave it to chance to make it happen. There are people we know, people we came across, people who are close to us, people who are related to us, that we feel for, care for. They need help, but we have limited means. Our resources, no matter how well-off we are, are finite. But knowledge can be shared, infinitely. I hope this book helps them to help themselves. If you have $5000, or, if you are starting to have regular savings of $100/ month, what do you do with it? The takeaway, after reading and assimilating the essence of the book, you should have a good idea of where and how to start. It should enrich you.
About the Author A professional Accountant and a father of two young adults. I grew up in Malaysia and have lived and worked in Malaysia, Singapore, New Zealand and China. An avid traveler, I have traveled to all the continents except Antarctica. An eyewitness of too many people stuck hopelessly in a financial swamp, unable to extricate themselves. I have bought stocks, I have also bought bond and mutual funds, and ETFs. I have done it myself and I have also engaged the service of asset managers. I have used different brokerage platforms to trade myself, and I have placed trades through intermediaries. I have gone through different boom-bust cycles. I have seen a portfolio sink by 30% or more, and portfolios remain stagnant for years. I have bought funds on the recommendations of the fund brokers that are still losing money after more than a decade. I have lived in different countries that do well and others that do not. A financial independent.
3. Start investing early
4. Earn more than you spend
5. Think twice before taking on debts
6. The significance of investment as a second income stream
7. Max out subsidized retirement schemes
8. Take advantage of employee stock purchase plans
9. To buy or not to buy your own home
10. The effect of compounding
11. Understanding major investment types
12. Managing risks
13. Diversification
14. Sound portfolio management
15. Dollar-cost averaging
16. Expenses matter
17. Tax matters
18. The macro picture
19. The art and science of stock picking
20. Be very disciplined in your approach
21. Common sense is not beyond you
22. Setting goals and monitoring progress
23. Making sense of financial statements
24. Brokerage/Trading platforms
25. Professional advisors and asset management services
26. Have adequate insurance coverage
27. With my best wishes These good practices in the book are proven and espoused by many professionals. With financial literacy comes financial wisdom. With financial wisdom, we have a good chance of achieving financial freedom sooner. I set out the compelling reasons, by putting them down in numbers and putting forward the arguments with practical examples, for the actions required. Downloadable financial templates are also made accessible so everyone can create scenarios that better match theirs. There are specific steps we can take to change our fate in life, so that we do not leave it to chance to make it happen. There are people we know, people we came across, people who are close to us, people who are related to us, that we feel for, care for. They need help, but we have limited means. Our resources, no matter how well-off we are, are finite. But knowledge can be shared, infinitely. I hope this book helps them to help themselves. If you have $5000, or, if you are starting to have regular savings of $100/ month, what do you do with it? The takeaway, after reading and assimilating the essence of the book, you should have a good idea of where and how to start. It should enrich you.
About the Author A professional Accountant and a father of two young adults. I grew up in Malaysia and have lived and worked in Malaysia, Singapore, New Zealand and China. An avid traveler, I have traveled to all the continents except Antarctica. An eyewitness of too many people stuck hopelessly in a financial swamp, unable to extricate themselves. I have bought stocks, I have also bought bond and mutual funds, and ETFs. I have done it myself and I have also engaged the service of asset managers. I have used different brokerage platforms to trade myself, and I have placed trades through intermediaries. I have gone through different boom-bust cycles. I have seen a portfolio sink by 30% or more, and portfolios remain stagnant for years. I have bought funds on the recommendations of the fund brokers that are still losing money after more than a decade. I have lived in different countries that do well and others that do not. A financial independent.
Also in
Personal Finance
How to Invest $50-$5,000: The Small Investor's Step-By-Step Plan for Low-Risk Investing in Today's Economy
Dunnan, Nancy
Paperback
$18.99
Think and Grow Rich: The Landmark Bestseller Now Revised and Updated for the 21st Century
Hill, Napoleon
Paperback
From $7.99
Planet Money: A Guide to the Economic Forces That Shape Your Life
Mayyasi, Alex
Hosts of Npr's Planet Money
Hardcover
$26.99
The Retire Sooner Method: The 5 Secrets Behind America's Happiest (and Unhappiest) Retirees
Moss, Wes
Hardcover
$21.80
How to Be a Rich Old Lady: Your Guide to Easy Investing, Building Wealth, and Creating the Wild, Beautiful Life You Want
Holden, Amanda
Hardcover
$27.00
Rich Dad Poor Dad: What the Rich Teach Their Kids about Money That the Poor and Middle Class Do Not!
Kiyosaki, Robert T.
Paperback
$9.49
Money Unlocked: How to Make It, Keep It and Multiply It: The New York Times Bestseller
Lee, John
Paperback
$18.04
The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life
Collins, J. L.
Hardcover
$27.00
The Forever Paycheck: The New Retirement Strategy to Spend More, Worry Less, and Never Run Out of Money
Chatzky, Jean
Hardcover
$28.80
The Millionaire Master Plan: Your Personalized Path to Financial Success
Hamilton, Roger James
Hardcover
$36.00
The Millionaire Next Door: The Surprising Secrets of America's Wealthy
Danko, William D., PH. D.
Stanley, Thomas J., PH. D.
Paperback
From $11.99
I Will Teach You to Be Rich: No Guilt. No Excuses. Just a 6-Week Program That Works (Second Edition)
Sethi, Ramit
Paperback
From $11.99
Rich Dad Poor Dad: What the Rich Teach Their Kids about Money That the Poor and Middle Class Do Not!
Kiyosaki, Robert T.
Paperback
$18.00
The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness
Ramsey, Dave
Hardcover
$12.99
J.K. Lasser's Your Income Tax 2027: For Preparing Your 2026 Tax Return
J K Lasser Institute
Paperback
$25.65
Stop Living Paycheck to Paycheck: The Proven Path to Break Free from Debt, Build Real Wealth, and Live Free on Any Income
O'Neal, Anthony
Hardcover
$28.49
Always Have Enough: How to Build Wealth When You Don't Come from Money--Featuring a 6-Week Kickstart Plan
Melchor, Maria
Hardcover
$27.55
How to Get Rich in American History: 300 Years of Financial Advice That Worked (& Didn't)
Moore Phd, Joseph S.
Hardcover
$28.80
Nolo's Guide to Social Security Disability: Getting & Keeping Your Benefits
Morton III, David A.
Paperback
$37.99
Social Security, Medicare & Government Pensions: Get the Most Out of Your Retirement and Medical Benefits
Matthews, Joseph
Paperback
$28.49
The Wisdom and Wealth Solution: Unlocking the Secrets of Happiness, Purpose, and Financial Security with Living360
Ansari, Feroz
Hardcover
$28.45
The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime!
DeMarco, M. J.
Paperback
$21.80
Medicare 101: From Your Initial Enrollment Period to Parts A, B, C, and D, an Essential Primer on the Government Healthcare Program
Lankford, Kimberly
Hardcover
$16.15
J.K. Lasser's Your Income Tax 2026: For Preparing Your 2025 Tax Return
J K Lasser Institute
Paperback
$25.60
The Joy of Money: How to Do More with and Feel Better about Your Money--No Matter How Much You Have
Grimes, Carrie Joy
Hardcover
$28.50
How to Invest in Gold and Silver: A Complete Guide with a Focus on Mining Stocks
Durrett, Don
Paperback
$22.75
The Investor's Odyssey: Resisting the Sirens and Playing the Long Game
Mayer, Christopher W.
Hardcover
$23.70
The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns
Bogle, John C.
Hardcover
From $14.99
A Random Walk Down Wall Street: The Best Investment Guide That Money Can Buy
Malkiel, Burton G.
Paperback
$20.89
My Parents Are Dead: What Now?: A Panic-Free Guide to the Practicalities of Death
Robison, Becky
Paperback
$18.04
The Art of Frugal Hedonism: A Guide to Spending Less While Enjoying Everything More
Grubb, Adam
Raser-Rowland, Annie
Paperback
$22.46
Financial Feminist: Overcome the Patriarchy's Bullsh*t to Master Your Money and Build a Life You Love
Dunlap, Tori
Hardcover
From $11.99
La Psicología del Dinero: 18 Claves Imperecederas Sobre Riqueza Y Felicidad / The Psychology of Money
Housel, Morgan
Paperback
$16.10
The Total Money Makeover Updated and Expanded: A Proven Plan for Financial Peace
Ramsey, Dave
Hardcover
$28.49
The Automatic Millionaire, 20th Anniversary Edition: A Powerful One-Step Plan to Live and Finish Rich
Bach, David
Hardcover
$30.40
How to Make Money in Stocks: A Winning System in Good Times and Bad, Fourth Edition
O'Neil, William J.
Paperback
$22.80
Think and Grow Rich(r): The Original, an Official Publication of the Napoleon Hill Foundation(r)
Hill, Napoleon
Paperback
$17.05
The Intelligent Investor Third Edition: The Definitive Book on Value Investing
Graham, Benjamin
Zweig, Jason
Paperback
$24.69
The Making of a Permabear: The Perils of Long-Term Investing in a Short-Term World
Grantham, Jeremy
Hardcover
$28.50
A Beginner's Guide to the Stock Market: Everything You Need to Start Making Money Today
Kratter, Matthew R.
Paperback
$8.39
How to Write a Winning Scholarship Essay: 30 Essays That Won Over $3 Million in Scholarships
Tanabe, Gen
Tanabe, Kelly
Paperback
$18.99
A Happy Pocket Full of Money, Expanded Study Edition: Infinite Wealth and Abundance in the Here and Now
Gikandi, David Cameron
Paperback
$18.00
Trading: Technical Analysis Masterclass: Master the financial markets
Czubatinski, Moritz
Schlotmann, Rolf
Paperback
$9.07
Generation F*cked: How Millennials and Gen Z Were Robbed of the American Dream and How We Can Fix Our Futures
Smith, Freddie
Paperback
$20.85
Retirement Planning Guidebook: Navigating the Important Decisions for Retirement Success
Pfau, Wade
Paperback
$23.75
Parent Like a Millionaire (Without Being One): Outsmart Big Baby, Save on Childcare, and Secure Your Family's Financial Future
Leung, Bryce
Shen, Kristy
Paperback
$19.00
The Trustee's Legal Companion: A Step-By-Step Guide to Administering a Living Trust
Buckley, Shaila
Hanks, Liza
Zolla, Carol Elias
Paperback
$37.99
El Inversor Inteligente: Un Libro de Asesoramiento Práctico = The Intelligent Investor
Graham, Benjamin
Paperback
$22.79
The Richest Man in Babylon: The Success Secrets of the Ancients--The Most Inspiring Book on Wealth Ever Written
Clason, George S.
Paperback
$10.44
The Coffee Can Investor: A Stock-Picker's Journey to Build Generational Wealth
Khemlani, Neeraj
Hardcover
$26.55
One Up on Wall Street: How to Use What You Already Know to Make Money in the Market
Lynch, Peter
Paperback
$18.05
Money for Couples: No More Stress. No More Fights. Just a 10-Step Plan to Create Your Rich Life Together.
Sethi, Ramit
Paperback
$18.99
The Intelligent Investor, 3rd Ed.: The Definitive Book on Value Investing
Zweig, Jason
Graham, Benjamin
Hardcover
$35.63
What No One Tells You about Money: The Real Key to Getting Unstuck from Someone Who's Been There
Warshaw, Jade
Hardcover
$23.74
Quality Investing: Owning the Best Companies for the Long Term
Cunningham, Lawrence a.
Eide, Torkell T.
Hargreaves, Patrick
Hardcover
$65.99
Your Retirement Sketchbook: 125 Retirement Planning Lessons from Financial Experts
Hopkins, Jamie P.
Treichel, Bonnie
Paperback
$18.99
Friends That Invest: Your Guide to Financial Independence Through Shares and Stocks
Kaur, Simran
Paperback
$20.85
Get Good with Money: 10 Simple Steps to Becoming Financially Whole
Tiffany the Budgetnista Aliche
Paperback
$17.10
Trading in the Zone: Master the Market with Confidence, Discipline, and a Winning Attitude
Douglas, Mark
Hardcover
$61.75
Understanding Living Trusts(R): How You Can Avoid Probate, Keep Control, Save Taxes, and Enjoy Peace of Mind
Schumacher, Vickie
Paperback
$28.45
Iras, 401(k)S & Other Retirement Plans: Strategies for Taking Your Money Out
Slesnick, Twila
Shea, Tracy
Paperback
$32.39
The New Money Strategy: The Modern Guide to Rational, Long-Term Investing
Van Der Kolk, Brandon
Hardcover
$26.60
J.K. Lasser's 1001 Deductions and Tax Breaks 2027: Your Complete Guide to Everything Deductible
Weltman, Barbara
Paperback
$23.75
The 7 Habits of Financially Healthy Women: How to Stop Stressing, Begin Where You Are, and Build the Future You Want
Paine, Crystal
Paperback
$18.99
Baby Steps Millionaires: How Ordinary People Built Extraordinary Wealth--And How You Can Too
Ramsey, Dave
Hardcover
$30.39
Maximize Your Retirement: The Only Book You'll Ever Need to Retire Prosperous and Worry-Free
Oh, Jae
Paperback
$18.99
Investing 101: From Stocks and Bonds to Etfs and Ipos, an Essential Primer on Building a Profitable Portfolio
Cagan, Michele
Hardcover
$16.14
The Millionaire Next Door: The Surprising Secrets of America's Wealthy
Danko, William D.
Stanley, Thomas J.
Hardcover
$21.80
J.K. Lasser's 1001 Deductions and Tax Breaks 2026: Your Complete Guide to Everything Deductible
Weltman, Barbara
Paperback
$23.75
Cultura and Cash: Lessons from the First Gen Mentor for Managing Finances and Cultural Expectations
González, Giovanna
Paperback
$18.00
Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence: Fully Revised and Updated for 2018
Dominguez, Joe
Robin, Vicki
Paperback
From $10.99
The Most Important Thing Illuminated: Uncommon Sense for the Thoughtful Investor
Marks, Howard
Hardcover
$28.45
Rich Family Smart Family: Raise Your Family's Financial IQ and Take Control of Your Future
Kiyosaki, Robert
Paperback
$21.80
Profitable Properties: Airbnb Insider Secrets to Find, Optimize, Price, & Book Direct any Short-Term Rental Investment for Year-Round Occupancy
Rusteen, Daniel Vroman
Paperback
$39.99
Stop Making Stupid Investments: 7 Rules to Avoid the Hype and Build Real Wealth
Leiter, David
Hardcover
$26.60
Trade Like a Stock Market Wizard: How to Achieve Superperformance in Stocks in Any Market
Minervini, Mark
Hardcover
$30.40
The Complete Turtletrader: How 23 Novice Investors Became Overnight Millionaires
Covel, Michael W.
Paperback
$19.95
The Tax and Legal Playbook: Game-Changing Solutions to Your Small Business Questions
Kohler, Mark
Paperback
$21.84
Save Yourself: A New Approach to Thinking about Money and Taking Control of Your Financial Future
Keehn, Kelley
Paperback
$18.00
The Richest Man in Babylon - The Original 1926 Classic (Reader's Library Classics)
Clason, George S.
Paperback
$9.99
Worthy of the Gift: Equipping Your Organization to Secure a Transformational Gift
Taylor, Bryan
Paperback
$24.99
The Infographic Guide to Personal Finance: A Visual Reference for Everything You Need to Know
Lariviere, Elisabeth
Cagan, Michele
Paperback
$17.09
How to Get $1M in Credit and Keep It: Secrets of Long-Term Credit Growth and Control
Correa, Joe
Paperback
$23.74
Hide Your Assets and Disappear: A Step-By-Step Guide to Vanishing Without a Trace
Pankau, Edmund
Paperback
$18.99
Money Proud: The Queer Guide to Generate Wealth, Slay Debt, and Build Good Habits to Secure Your Future
Wolny, Nick
Hardcover
$22.80
Get Good with Money: Ten Simple Steps to Becoming Financially Whole
Tiffany the Budgetnista Aliche
Hardcover
$28.50
SEVENTEEN TO MILLIONAIRE You're Seventeen. You're Canadian. You wanna be rich. Let's do this.
Price, Douglas
Paperback
$24.64
El folleto del Millonario desde Cero: Cómo ganar más dinero, ahorrar con criterio y construir patrimonio desde cero
Salazar, Mateo
Paperback
$19.19
J.K. Lasser's Small Business Taxes 2027: Your Complete Guide to a Better Bottom Line
Weltman, Barbara
Paperback
$23.75
Every Californian's Guide to Estate Planning: Wills, Trust & Everything Else
Hanks, Liza W.
Paperback
$28.49
The Black Girl's Guide to Financial Freedom: Build Wealth, Retire Early, and Live the Life of Your Dreams
Woods, Paris
Paperback
$22.80
Special Needs Trusts: Protect Your Child's Financial Future
Urbatsch, Kevin
Farinas Jones, Jessica
Paperback
$34.19
Why a Students Work for C Students and Why B Students Work for the Government: Rich Dad's Guide to Financial Education for Parents
Kiyosaki, Robert T.
Paperback
$16.10
Main Street Millionaire: How to Make Extraordinary Wealth Buying Ordinary Businesses
Sanchez, Codie
Hardcover
$28.50
Layered Money: From Gold and Dollars to Bitcoin and Central Bank Digital Currencies
Bhatia, Nik
Paperback
$18.04
Money and Me: How to Make Your Finances Work Harder for You and Your Family
Clements, Jonathan
Paperback
$17.99
J.K. Lasser's Small Business Taxes 2026: Your Complete Guide to a Better Bottom Line
Weltman, Barbara
Paperback
$23.75