What will you learn from this book
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Understanding Basic Financial Concepts: The book likely covers fundamental financial concepts such as budgeting, saving, investing, debt management, and retirement planning.
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Importance of Budgeting: Budgeting is a cornerstone of financial literacy. The book may emphasize the importance of creating and sticking to a budget to track expenses, control spending, and achieve financial goals.
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Building an Emergency Fund: Establishing an emergency fund is essential for financial stability. The book may discuss the importance of setting aside savings to cover unexpected expenses and emergencies.
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Debt Management Strategies: Debt can be a significant obstacle to financial success. The book may offer strategies for managing and reducing debt, such as prioritizing high-interest debt, consolidating loans, and negotiating repayment terms.
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Investing Basics: Investing is key to building wealth over the long term. The book may provide an overview of different investment vehicles, such as stocks, bonds, mutual funds, and real estate, and discuss basic investment principles and strategies.
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Risk Management: Investing involves risk, and understanding risk management is crucial for successful investing. The book may cover concepts such as asset allocation, diversification, and risk tolerance.
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Retirement Planning: Planning for retirement is essential for financial security in later years. The book may discuss retirement planning strategies, such as contributing to retirement accounts (e.g., 401(k), IRA), calculating retirement needs, and maximizing Social Security benefits.
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Financial Protection: Insurance plays a vital role in protecting against financial risks. The book may cover different types of insurance, such as health insurance, life insurance, disability insurance, and property insurance, and discuss how to choose appropriate coverage.
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Estate Planning: Estate planning involves preparing for the transfer of assets after death. The book may discuss the importance of creating a will, establishing trusts, and designating beneficiaries to ensure assets are distributed according to your wishes.
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Continuous Learning and Improvement: Financial literacy is an ongoing process. The book may emphasize the importance of continuous learning, staying informed about financial matters, and seeking professional advice when needed.
| Language | English |
|---|---|
| ISBN-10 | 0143461648 |
| ISBN-13 | 9780143461647 |
| No of pages | 563 |
| Font Size | Medium |
| Book Publisher | Penguin Business |
| Published Date | 25 Sep 2023 |
About Author
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If you are clueless at the end of every month about where your hard-earned money has gone and if you are ready to achieve financial success-this book is for you!
Instead of focusing on 'How big should your income be?', Money Works gives excellent tips on how to save intelligently, how you can achieve your life goals with careful financial planning, how to manage your debts and insurance, how to make your hard-earned money grow through investments and finally, how to live a happy and contented life!
Abhijeet Kolapkar, who has been in the field of finance for many years, has tried to simplify and present financial terms in a simple and interesting way. Through this book, readers will understand the basics of personal finance as well as the central role of money in their life.