Оглавление
Stephanie W. Mackara. Money Minded Families
Table of Contents
Guide
Pages
Money Minded Families. How to Raise Financially Well Children
Acknowledgments
Introduction
1 Background: A Little Bit of “Retirement” History
2 The Current State of “Retirement”
3 Financial Socialization: Creating Spending, Budgeting, and Saving Habits
Money-Minded Motivation
4 Our Money Personalities
1901–24: The Greatest Generation
1925–40: The Silent Generation
1940–60: The Boomers
1961–81: Generation X
1982–2004: The Millennials
Born after 2005: Generation Z
Money-Minded Motivation
5 Gaining a Healthy Perspective on Money
Money
Money, Money, Money
For the Love of Money
Money-Minded Motivation
6 Your Baseline Values and Goals
Eight Steps Toward Goal Planning with Purpose
Hunter S. Thompson on Finding Your Path
Money-Minded Motivation
7 Principles of Money Management: Save
How to Save
Saving for College
Debt
Student Loan Debt—Good or Bad?
A Simple Exercise (Example):
Money-Minded Motivation
8 Principles of Money Management: Spend
The Ins and Outs of Budgeting
How Much Should I Save If I Want $1 Million?
Credit Cards
Cars
Buying a House
How Long?
What Can I Afford?
Renting a House. What Can I Afford?
Evaluating Renting versus Buying
Skin in the Game
Earning Money
Taxes
Federal Taxes
State Taxes
Medicare Taxes
Social Security Taxes
Money-Minded Motivation
9 Principles of Money Management: Share
The Giraffe and the Monkeys
Money-Minded Motivation
10 Principles of Money Management: Invest
How the Stock Market Came to Be
Stock Market Basics
Reading Your Investment Account Statements
Time In the Market, Not Market Timing
The Planning Process
Why Am I Investing?
How Much Do I Need to Invest?
How Much Risk Should I Take?
What Should I Invest In?
The Psychology of Investing
Insurance
Money-Minded Motivation
11 The Bucket Approach: Putting It All Together
Buckets
A Note About Our Girls
12 What Does a Good Financial Advisor Do?
13 Last Thoughts
Money-Minded Motivation
14 Family Mission Statement
Mackara Family
Our Family Mission Statement:
Conclusion
The Mexican Fisherman
15 Let's Recap
Additional Resources. Books. Elementary School
Middle School
High School
Toy Learning
Apps. Elementary
Middle School and Older
Index
WILEY END USER LICENSE AGREEMENT
Отрывок из книги
Stephanie W. Mackara
I'm eternally grateful to all of amazing colleagues I have the pleasure of calling my friends over my career who have led, empowered and showed me that anything is possible. I learned so much about business, leadership and grace from each of you.
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Feeding all of your child's financial wants day in and day out can create a cycle of dependency and a lack of resourcefulness on the part of your child. I hope after reading this book you can teach your children how to feed their own financial needs and wants and ultimately set them on a successful path toward their own financial wellbeing. I also hope this book will help adults who may not have a healthy relationship with money to reflect on the reasons behind their own financial habits and begin to live a life of financial wellness.
I'd like this book to be used as a tool to help you guide your children, and to be shared with your children. The goal is to help raise strong, educated people who have the know-how and desire to set and achieve financial goals for themselves, save and spend with clarity, and understand the value and purpose of their work and of material things. We do this by understanding and perhaps redefining our own money personalities and working to create positive financial socialization for our children.
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