Good Money Habits in 17 Minutes Per Day
By (Author) Harry N. Stout
BookBaby
BookBaby
22nd November 2021
United States
General
Non Fiction
Paperback
80
Width 152mm, Height 228mm
The pandemic has caused most households to have dramatically increased levels of stress and anxiety about money matters. A major reason contributing to this situation is that most Americans have had no formal personal finance or money management training or education to deal with their affairs. In fact, they have been mandated to take more training to get their driver's license than to manage their money. In short, most Americans suffer from financial illiteracy. They have learned what they know about money through trial and error. The root cause of their money failures is that they don't have the basic financial knowledge they need. They lack good money habits.
Research has also shown that most households only spend one hour per month or about two minutes per day on their financial affairs. At the same time most adults under age 65 spend over two hours per day on social media. It is time to correct this imbalance and devote more attention to money matters.
Good Money Habits in 17 Minutes Per Day has been written to fill in the basic money knowledge gap most people have and put them on journey of lifelong financial improvement by allocating 17 minutes per day or two hours per week to learning about and understanding money matters. The book has been designed to be read in about two hours and to serve as a continuing reference for the reader to improve their financial situations. It addresses the expected financial challenges and opportunities individuals face in life and what to expect along the way. The book covers the following subjects.
Chapter 1 The Pandemic Reset
Overview
Changes in Our Financial Lives
The New Money Principles
Why Personal Finance is More Important Than Ever Before
Chapter 2 The Three Stages of Your Financial Life
Adulting
Striving
Fulfilling
Chapter 3 The Must-Do Actions of Each Life Stage
Adulting
Striving
Fulfilling
Chapter 4 The Six Building Blocks to Financial Security
Determine Where You Stand
Rethink Your Financial Values
Improve Your Financial Knowledge
Focus Your Money Mindset
Develop Your Cash Plan
Improve Your Money Habits
Chapter 5 Determine Where You Stand
Why Create a Financial Inventory
How to Create a Financial Inventory
Chapter 6 Rethink Your Financial Values
What Are Your Financial Values
Sample Questions You Might Ask Yourself About Money
Chapter 7 Improve Your Financial Knowledge
Today's Realities
Your Imperfect Financial Education
The Annual Cost of Financial Illiteracy
What is Financial Literacy
Moneytime You Need More
Spend2 Two Hours Per Week
Resources That Can Help
Chapter 8 Focus Your Money Mindset
What is Your Money Mindset
What Has Gone Into Creating Your Money Mindset of Today
Your Money Beliefs
How to Break The Cycle of Money Mindset Negativity
Positive Thoughts Drive Action
Chapter 9 Develop Your Cash Plan
Planning
Tracking
Taking Action
Chapter 10 Improve Your Money Habits
What is a Money Habit
10 Good Money Habits for A Well-Lived Financial Life
Summary
If there is one personal finance book to read, this is it. The book identifies the good habits that need to be developed to address life's key financial issues and of
Harry N. Stout is a published author and founder of the FinancialVerse organization. The FinancialVerse books and content are dedicated to improving America's financial literacy. He is an acknowledged senior leader in the global financial services business with over two decades experience in the advice, annuity and life insurance businesses. He has held marketing, sales, product innovation, and distribution roles over his successful career. He has over 25 years of financial services industry experience in the U.S. and abroad, working in Europe, Northern Asia, Africa, New Zealand and Australia. He is a past director of the National Association for Fixed Annuities, the Financial Services Council of Australia, the Insurance Marketplace Standards Association, and the Life Insurance Marketing and Research Association. He has been a governance fellow of the National Association of Corporate Directors. His U.S. business experience includes serving as President of Voya's U.S. Retail Annuity Business Group, where he directed the fixed, indexed and variable annuity businesses. He also spent over a decade with Fidelity & Guaranty Life Insurance Company where he served as Chief Executive Officer and President as well as holding key senior leadership roles for its parent companies USF&G Corporation, Travelers Corporation and Old Mutual U.S. Holdings, Inc. He has also been a corporate officer or Board member of several insurance marketing organizations. He began his career in public accounting with KPMG where he spent 10 years working primarily with multi-national enterprises. Mr. Stout's experience includes serving as Managing Director of Investments and Insurance with Australian and New Zealand Bank (ANZ), where he was based in Sydney and ran the Australian life insurance, investment, retirement services, general insurance and advice businesses for this large regional Australasian bank. During his time in Australia, he was also Managing Director and Chief Executive Officer of ING Australia. Harry is a nationally known speaker, podcast guest and author covering annuities, life insurance and personal finance.