Smart is the New Rich
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Оглавление
Christine Romans. Smart is the New Rich
Preface
Acknowledgments
Chapter 1. How to Think About Money: Budgeting Basics
Pay Yourself First
How Much Should You Save?
The Rainy-Day Fund
Roadblocks to Money Success
The Holiday Red Flag
Your Money Quiz
Chapter 1 Action Plan
Chapter 2. College Investment
The Million-Dollar Payoff
It's Cheaper to Save Than Borrow
Four Ways to Keep College Costs Down
What Do You Want to Be When You Grow Up?
Not All Degrees Are Equal
Chapter 2 Action Plan
Chapter 3. Managing Debt
Paying Off the Debt
Interest Rate Triage
A Safety Net for Low-Income Grads
Public Service Loan Forgiveness
Live Like a Student
Chapter 3 Action Plan
Chapter 4. Job Market Fundamentals
The Long Healing Process
Fastest-Growing States
The College Degree Advantage
Chapter 4 Action Plan
Chapter 5. Millennials at Work
Resume #fail
You've Got Two Minutes
The Hidden Jobs Market
Don't Call Them Soft Skills
Keep Your Eye on the Ball
Lean In or Lean Back
Online Tools to Help Set You Apart
Chapter 5 Action Plan
Chapter 6. House Money
Missing the Real Estate ReboundSo Far
Generation Renter
Get Ready to Buy
Mortgage Rates
Location, Location, Location
Affordability
Living at Home
Chapter 6 Action Plan
Chapter 7. Family Money
Dating and Money
The “Talk”
What Kind of Debt?
Piggy Bank Parents
Friends and Finances
Crowdfund Our Wedding
Chapter 7 Action Plan
Chapter 8. Understanding Investments
Getting Started: Tax-Advantaged Retirement Accounts
Time Is a Four-Letter Word
№ 401(K)? Invest Anyway
Building Blocks
Chapter 8 Action Plan
Chapter 9. Credit Karma
Debit Cards
Overdraft Protection
So You Want a Credit Card?
What Is the Credit Score?
Expensive Credit Monitoring
What Is the Fed?
Time to Buy a Car
Chapter 9 Action Plan
Appendix A
Appendix B
Appendix C
About the Author
Отрывок из книги
I remember the exact moment the power, influence, and potential of your generation first struck me.
It was midnight, four hours after the first polls closed in the 2012 presidential election. My colleague John King handed off CNN's “magic wall” to me and I quickly began studying the exit polling data. Surrounded by swooping cameras and a blinding grid of lighting, I stood in the CNN Election Center tapping through and cross-referencing table after table of numbers and responses from voters who had just left the voting booth.
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Some of you may want to skip ahead to the investing chapter – of all the money moves you make, investing early will have the biggest impact on where you end up. Most of your grandparents could rely on a pension for their retirement, and your parents lean on a 401(k) for life after work. But you millennials will have even fewer investment tools handed to you when it comes to securing your financial health and wealth. So it's up to you.
Consider this: If you save $5,000 a year for five years in your twenties and then never invest a dime again, you'll have more money in your retirement than someone saving $5,000 a year all through their thirties and beyond. Chapter 8 shows you the common traits of 401(k) millionaires. (Hint: Time is on your side again.)
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