Securing Your Financial Future: Complete Personal Finance for Beginners
A Seattle-based author and father of two college-age children offers the basics of personal finance. Budgeting, borrowing, buying — it's all here "in clear, accessible, and lively language."(The Seattle Times)Beginners befuddled by the morass of available financial advice need look no further—Smith offers a thorough and straightforward approach to personal finance in this clear guide. Though his target audience is folks in their 20s and 30s, readers in all stages of life will benefit from Smith’s insights. Broken up into four sections, the author covers “The Essential Concepts,” “Building Your Foundation,” “Big-Ticket Items,” and finally, “Long-Term Investing.” In addition to explaining basics like credit scores, mortgages, and compounding interest, Smith—a former VP of finance for two of Hewlett-Packard’s global divisions—also suggests ways to work against one’s natural impulses. People often spend, and then save whatever’s left. Smith, however, encourages readers to “Pay Yourself First” (at least 10% of everything you make), and then spend the remainder. While he admits this is nothing new, his frequent insistence on time-honored wisdom backed up by the numbers makes his reasoning particularly convincing. Though highly accessible, this is still an exhaustive introduction to finance, which doesn’t exactly make for light reading; accordingly, Smith provides useful chapter summaries and a valuable index for readers looking to quickly reference specific information.(Publishers Weekly)Financial security—an impossible dream for young people today? This may be the Age of Economic Anxiety, but Chris Smith explains how making a few good early decisions and sticking to sound principles can put today’s college students on the road to financial success. Required reading for every college student and recent graduate (and for their parents, too).(Mike Veseth, Robert G. Albertson Professor, University of Puget Sound; author of Mountains of Debt)It isn't easy making financial topics fun to learn, but that's exactly what Chris did for years at HP with his creative approaches and trademark humor. Young adults everywhere: prepare to be entertained and learn how to manage your finances at the same time!(Jim Murrin, Senior Vice President and Corporate Controller, Hewlett Packard Company)Were I to recommend just one book for a young person just starting his or her financial life, Chris Smith'sSecuring Your Financial Futurewould be it. Comprehensive yet lively and easily readable, it covers everything from saving habits to a sound, stone-simple investment strategy; the chapters on the multiple facets of house buying alone are worth the price of the book. It will improve both the peace of mind and bottom lines of its recipients, and it may even make them better people.(William J. Bernstein, Author of The Four Pillars of Investing and The Investor’s Manifesto)Chris Smith's book is a must-read for all those beginning their financial lives. Indeed, this superb book has clear and compelling guidance for financial decision making throughout life.(Suzanne Nora Johnson, Former Vice Chairman, The Goldman Sachs Group; Board Member, American Red Cross, Women's World Banking)Young adults today face so many economic pitfalls, including excessive credit card bills, student loans, investing blunders and more. If you're just starting your financial life, or you know someone who is,Securing Your Financial Futurecan help you or a loved one avoid all those money-draining mistakes that we've all made—and later come to regret.Securing Your Financial Futureis truly a life-changing gift for anyone seeking long-term financial security. Best of all, it's chock-full of interesting, sound advice dispensed in a way that makes learning about money matters fun and doable.(Lynnette Khalfani-Cox, Author of the New York Times bestseller Zero Debt and co-founder of the free financial advice blog AskTheMoneyCoach.com)The majority of young adults are not taught basic money management either by parents or through school. Consequently, they receive their financial education by attending the School of Hard Knocks. It doesn't have to be that way. Chris Smith'sSecuring Your Financial Futureis the easy to understand and enjoyable primer that shows young adults how to create a strong financial foundation for, as the title says, asecure future.(Melissa Tosetti, Author of Living The Savvy Life)