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    How to Read Your Way to Financial Wealth
    How to Read Your Way to Financial Wealth
    How to Read Your Way to Financial Wealth
    Ebook57 pages49 minutes

    How to Read Your Way to Financial Wealth

    By Dale Maley

    ()

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    About this ebook

    Although Wall Street tries to convince us that financial planning is too complicated for an ordinary Main Street citizen to understand, financial planning is not rocket science.

    This story provides a process map or flow chart for the entire financial planning process. Each process step in the flow chart then becomes a separate chapter. For each chapter, a list of the best books, best articles, and best short stories are given so you can explore each step in more detail.

    You can select the process steps that you are most interested in and then read the supporting books, articles, and short stories to quickly learn more details about those particular steps.

    The financial planning flow chart used in this short story is tailored towards retirement planning. The same basic process can also be easily modified and applied to the goal of saving adequate funds to pay for your children’s college expenses.

    LanguageEnglish
    PublisherDale Maley
    Release dateJan 17, 2011
    ISBN9781458059123
    How to Read Your Way to Financial Wealth
    Author

    Dale Maley

    Dale C. Maley is the author of the 19999 book Index Mutual Funds: How to Simplify Your Financial Life and Beat the Pros.He is also a contributing author to Chapter 18 Seeking Help from Professionals in the 2009 book The Bogleheads Guide to Retirement Planning.He is a very successful private investor who has been a student of Financial Planning and Investing for over 30 years. He was trained as an engineer at the University of Illinois and has been a practicing engineer for 32 years. His accomplishments as an engineer include the granting of 16 U.S. Patents and authorship of over 500 professional technical papers. He is also a member of the International Society of Automotive Engineers and the Society of Manufacturing Engineers.He also has earned an MBA (Masters Degree in Business Administration) degree from Illinois State University. His background in mathematics, engineering, and business provides him with the excellent basis for understanding and teaching investments and financial planning.He is also a very successful investor who has been investing in common stocks and mutual funds since 1980. He has also personally invested in both 401(K) and IRA plans, so he is familiar with participation and management of these types of investments. He has been investing in indexed common stock mutual funds since 1990.Dale became a Registered Financial Advisor in the State of Illinois in 2006 and is currently launching his business as a fee-only financial planner. He is President of Maley Financial Planning LLC.

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      Book preview

      How to Read Your Way to Financial Wealth - Dale Maley

      How to Read Your Way to Financial Wealth

      by

      Dale C. Maley

      SMASHWORDS EDITION

      PUBLISHED BY:

      Artephius Publishing on Smashwords

      How to Read Your Way to Financial Wealth

      Copyright © 2011 by Dale C. Maley

      All rights reserved. Without limiting the rights under copyright reserved above, no part of this publication may be reproduced, stored in or introduced into a retrieval system, or transmitted, in any form, or by any means (electronic, mechanical, photocopying, recording, or otherwise) without the prior written permission of both the copyright owner and the above publisher of this book.

      * * * * *

      Table of Contents

      Chapter 1

      Financial Planning Process

      Chapter 2

      Establish Adequate Insurance Coverage and Emergency Fund

      Chapter 3

      Calculate Annual Income Needed in Retirement

      Chapter 4

      Estimate Sources of Retirement Income

      Chapter 5

      Calculate Income Needed from Personal Savings

      Chapter 6

      Calculate Nest Egg Needed at Start of Retirement

      Chapter 7

      Calculate Annual Savings Rate Needed to Accumulate Retirement Nest Egg

      Chapter 8

      Choose Asset Allocation

      Chapter 9

      Select Low-Cost Index Funds per Asset Allocation

      Chapter 10

      Write Investment Policy Statement

      Chapter 11

      Live Below Your Means So You Can Use Automatic Savings and Invest per IPS and Asset Allocation

      Chapter 12

      See Attorney and Update Estate Plan every 3 years

      Chapter 13

      Stay-the-Course and Rebalance Asset Allocation Annually

      Chapter 14

      Monitor Your Progress by Tracking Your Net Worth

      Chapter 15

      Retire and Follow 4% SWR in Retirement

      Chapter 16

      Reading

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