Financial Jiu-Jitsu: A Fighter's Guide to Conquering Your Finances
Trading either commodities or foreign currencies might sound exciting. But if you haven't mastered even the basics of money management—establishing an emergency fund, maintaining a budget, and setting money aside for your children's education and your retirement—can you honestly say you're on the path to perfecting the art of personal finance?In Financial Jiu-Jitsu: A Fighter's Guide to Conquering Your Finances, financial advisor and Jiu-Jitsu enthusiast Scott Ford shows how mastering your finances—like mastering a martial art—has nothing to do with perfecting thousands of exotic, technically challenging moves. Rather, mastery is as simple as performing a handful of basic moves thousands of times. These basic financial moves include:Prepare to Win: Paying yourself first, maintaining a cash safety net, managing credit wisely, and never procrastinatingBalance and Base: Determining your specific financial goals, and developing a vision for your lifeClosing the Gap: Overcoming your fear of the unknown by creating a personal balance sheet and using it to analyze your current financial situationThe Power of Respect: Choosing and working with a financial advisorTiming: Taking advantage of tax-deferred investments, maxing out 401(k) contributions, and contributing to IRAsGain Control: The basics of an estate plan, living trust, pourover will, and power of attorneyPosition Before Submission: Protecting yourself with insuranceAttitude: Planning for your retirementLearning Jiu-Jitsu taught Scott Ford to face both personal and professional challenges head on—to anticipate problems, to be open to new ideas, and to seize opportunities. Now, in Financial Jiu-Jitsu, he teaches you how to use the guiding principles of finance to build a solid financial foundation that can then be leveraged to help you achieve your long-term financial goals, while building lasting wealth for you and your family.You can't plan for everything life and the economy might throw at you. But after reading Financial Jiu-Jitsu, you'll be prepared for almost anything.