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Life of Fred: Financial Choices

Life of Fred: Financial Choices

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If you want wear clothes or eat or live indoors, this book may help you accomplish those goals.

Health is much more important than making a pile of money. Having a loving and caring family life is more precious than mansions and yachts. But having a decent amount of money can add a lot of pleasure in life. Being able to give things to your loved ones (and to yourself) is the ultimate reason to acquire wealth. Having wealth can subtract a lot of pain. This book contains important skills to learn!

Hardcover textbook containing 176 pages, for 10th grade through adults. This book is not consumable: all answers are written on separate paper or in a notebook. 34 lessons to help you become finance savvy!

In this book you will find:
• Three reasons to use a credit card
• The ultimate use of money
• The five places to invest
• How to retire in 24 years (Nothing financial is 100% certain—but this comes close.)
• Five suggestions for choosing a good spouse
• Insurance—what to buy and what not to buy
• Taxes—the seven categories
• Personal habits that will help make you successful
• Real estate—what to buy and when to buy
• Stocks, bonds, mortgages, REITS, certificates of deposit, mutual funds
• How Kingie made his fortune.

• What Jane Austen Said about a Single Man with a Good Fortune
• The Difference Between Income and Assets
• The Difference Between Expenses and Liabilities
• Two Ways to Compute Your Financial Health
• Budgeting vs. Net Worth
• Needs vs. Wants

• Three Arguments Against Overspending
• Which Assets Lose Value Quickly
• Fiat Currency
• Figuring Future Value under Compound Interest
• Figuring How Long to Pay off a $5,000 Loan at 18% Interest with Payments of $80/month (Most College Graduates with Science Majors Don’t Know How to Compute That)
• Setting Goals for Your Life
• Financial
• Physical
• Family
• Spiritual
• Mental

•  in Deciding Where to Live — 16 Questions to Help Decide
• Detailed Guide to the Five Asset Classes
• Real Estate
• Education
• Paper
• Things
• and a Business That You Own

• Buying Furniture, Clothes, and Cars
• Buying vs. Renting a Place to Live
• How to Decide How Much to Spend—Fancy or Cheap?
• How to Retire in 24 Years
• Rule of 72
• Investing in Real Estate—What to Buy and What Price to Pay
• The Use of Leverage
• Investing in Education — the Seven Advantages of College and Also Reasons Not to Go
• Paper Investments
• Stocks
• Bonds
• Mortgages
• REITS
• Certificates of Deposits
• Mutual Funds

• Investing in Things You Can Touch
• Art
• Baseball Cards
• Rare Books
• Gems, Gold and Silver

• Owing Your Own Business
• The Story of Inflation in Germany in the 1920s
• One Key to Business Success
• When to Hire—the Seven-times Rule
• Arguments for Being Employed/Going on Welfare/Owning a Business
• What It Means to Take an Oath
• How to Choose Which Business to Own
• When to Choose Which Business You Want to Be In
• The First Step after Choosing Your Business
• Reinventing Who You Are in 5,000 Hours
• How to Keep Your Drive Alive
• Money vs. Happiness
• Seven Ways to Get Startup Capital
• Dealing with Failure
• Dealing with Age/Height/Being in Prison/Ill Health
• Five Suggestions for Finding a Supportive Spouse
• Dealing with Procrastination/ Windfalls/Falling in Love/It’s-free Offers
• What Not to Talk about When You First Meet a Potential Spouse
• What to Disclose on the Third Date
• Checklist of Personal Habits for Success
• How to Dress
• How to Talk on the Phone
• How to Make Eye Contact
• How to Shake Hands

• Learning Skills in Negotiating
• Insurance—What to Buy and What Not to Buy
• The Hard Task of Making Decisions That Close off Alternatives in Your Life
• Leading a Balanced Life and Still Retiring in 24 Years
• Nine Barriers to Financial Success
• How Wealth in a Society Is Created
• Overcoming the Psychological Barriers to Sunk Costs—Deciding Not to Continue Being a Dentist.