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More About This Title How to Speak Money: The Language and Knowledge You Need Now
English
Speaking money affects every area of your life. It’s more than simply your savings or the investments you may have. It involves the way you think about money, the way you teach your children about it, and the way you were taught about it yourself. It’s about the way you spend it, save it, invest it, use it, need it and want it. The book will:
- Shed light on the male and female spending and investing disparity
- Discuss emerging international economies
- Weigh the financial hurdle of student debt culminating in a successful job
- Explain how to budget wisely and build wealth
- Show how to plan appropriately for retirement
How to Speak Money is an easy-to-read, practical book that helps readers become fluent in the world’s most universal language.
English
ALI VELSHI is CNN's Chief Business Correspondent and host ofYour Money. His in-depth reporting on the auto industry was honored with a National Headliner Award for Business & Consumer reporting in 2010. He anchored CNN's coverage of the attempted terror attack on a flight into Detroit, for which CNN was nominated for a 2010 Emmy. He is the author of Gimme My Money Back: Your Guide to Beating the Financial Crisis.
CHRISTINE ROMANS is the host of Your Bottom Line, CNN's Saturday morning personal finance and lifestyle program and the money reporter for CNN's American Morning. Her reports are carried on CNN's platforms worldwide. Among her awards is an Emmy for her reporting on outsourcing American jobs. From Timothy Geithner and Venus Williams to Tony Hawk and Russell Simmons, Romans interviews a diverse range of public personalities on financial issues facing Americans. She is the author of Smart Is the New Rich(Wiley), based on her experience covering the financial crisis.
English
Acknowledgments xi
Introduction xiii
Chapter 1 The Big Picture 1
Money Is Everywhere 2
Understanding Money 4
Where Are You? 5
Getting to Where You Want to Go 6
Getting Started 7
The Key to Wealth: Live Below Your Means 9
Change with the Times 10
It’s Up to You 11
Different Strokes, Different Folks 12
Making Your Plan 12
Chapter 2 We Fight About Money, Too 15
A Failure to Communicate 17
How Do You Have a Difficult Conversation? 18
Chapter 3 Gendernomics 27
Shifting Roles 29
Are You Sure We’re Talking about the Same Thing? 30
Why Do Smart People Buy Stupid Things? 32
Women and Investing 33
Gendernomics in the Workplace 35
Chapter 4 Speaking Money around the World 39
A Brief History 40
Climbing Up the Ladder 42
A Fish Story 44
Globalization: Good or Bad? 45
What Goes Around Comes Around 48
Who’s Zooming Who? 49
Chapter 5 Speaking Money at Work 53
Speak STEM 55
Dirty Jobs 57
Green Jobs 58
Women and Work 60
Getting a Job 61
The Long-Term Unemployed 65
You Wanna Start Something? 67
Not-So-Happy Campers 68
Chapter 6 Speaking Money on Campus 71
High School Then, College Today 72
A College Degree Never Hurt Anyone 74
The Future Starts in Grade School 75
Education for Life 76
How Should You Look at College? 77
Thinking of Changing Fields? 81
Chapter 7 Speaking Money in the Market 87
Cash Equivalents 89
Let’s Speak Bonds 91
Price versus Yield 92
The World of Stocks 94
International Investing 95
Stepping into the Market 97
Mutual Funds 98
Index Funds 99
Exchange Traded Funds (ETFs) 102
Do Your Homework! 102
Chapter 8 Speaking Money to Investment Principles 107
Principle 1: There Is a Direct Relationship between Risk and Return 107
Principle 2: Time Is Your Friend 114
Principle 3: Diversifi cation Lowers Your Risk and Improves Your Return 114
Asset Allocation: The Key to Results 116
Chapter 9 Speaking Money in Your Own Portfolio 119
Your Investment Questionnaire 120
Your Model Portfolios 125
The Importance of Rebalancing 128
Financial Advisors—Yes or No? 129
Chapter 10 Speaking Money on the Home Front 135
Buying a Home 138
Rent versus Buy: One Man’s Story 145
What If You’re Selling? 146
When Is the Best Time to Buy? 149
Chapter 11 Speaking Money on Budget 153
Software Makes Budgeting Easier 155
Here Comes the Rain 156
What Does It Cost to Live? 157
Getting Out of Debt 160
Chapter 12 Speaking Money in Retirement 163
The Historical Perspective 164
Retirement Is Expensive 166
Programs to Fund Your Retirement 168
Play a Waiting Game 171
Social Security: The Nation’s Safety Net 173
Summing It Up 174
Living Your Golden Years 175
Afterword 177
Bibliography 179
About the Authors 181
Index 185
