Why Personal Finance Doesn’t Have to Be Complicated

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This is the subtitle to the new book “The Index Card,” that can help you seize control of your financial life.

The idea for this book started when a university professor wanted to make the point that Wall Street advice is too complicated. So, he grabbed an index card and jotted down nine basic financial rules that he and his wife had been living by. This was all he thought you needed to know about how to manage your money.

This book is an expansion of his original index card.

I’m always on the lookout for books that can simply explain personal finance. This is a easy-to-understand guide about everyday financial matters. It is very practical in identifying what simple steps you can take to be on the right track to meet your financial goals.

Here are the first five of the book’s nine financial rules:

1-Strive to save 10%-20% of your income.

2-Pay your credit cards off every month (and minimize other debt).

3-Maximize your 401(k) and other tax-advantaged savings accounts.

4-Never buy or sell individual stocks.

5-Buy inexpensive well-diversified indexed mutual funds and exchange-traded funds.

There’s much more.

Learning to gain control of your personal finances doesn’t happen overnight. It’s a lifetime learning process. This book can help.

Tom Copeland – www.tomcopelandblog.com

Money Management smallFor more on money management and retirement, see my book Family Child Care Money Management and Retirement Guide.

 



Categories: Money Management, Money Management & Retirement

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