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Master Your Money: A Comprehensive Guide to Financial Education by Lalit Mohanty

Master Your Money: A Comprehensive Guide to Financial Education by Lalit Mohanty

          
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About the Book

Master Your Money: A Comprehensive Guide to Financial Education by Lalit Mohanty

Chapter 1: Introduction

  • Understanding the Importance of Financial Education
  • Setting Financial Goals

Chapter 2: Building a Strong Financial Foundation

  • Budgeting Basics
  • Emergency Funds and Why They Matter
  • Managing Debt Effectively

Chapter 3: The Power of Saving

  • Different Types of Savings Accounts
  • Strategies for Successful Saving
  • Saving for Short-Term and Long-Term Goals

Chapter 4: Investing Demystified

  • Introduction to Investing
  • Types of Investments (Stocks, Bonds, Real Estate, Mutual Funds)
  • Risk and Return: Finding the Right Balance
  • Diversification and Asset Allocation

Chapter 5: The World of Credit

  • Understanding Credit Scores
  • Building and Maintaining Good Credit
  • Responsible Credit Card Usage

Chapter 6: Retirement Planning

  • Importance of Early Retirement Planning
  • Types of Retirement Accounts (401(k), IRA, Roth IRA)
  • Creating a Retirement Savings Strategy

Chapter 7: Real Estate and Homeownership

  • Renting vs. Owning
  • Steps to Homeownership
  • Managing Real Estate as an Investment

Chapter 8: Tax Planning

  • Basics of Income Tax
  • Tax-Efficient Investing
  • Maximizing Tax Deductions and Credits

Chapter 9: Entrepreneurship and Side Hustles

  • Building Additional Income Streams
  • Basics of Starting a Business
  • Financial Considerations for Entrepreneurs

Chapter 10: Protecting Your Wealth

  • Insurance Essentials (Life, Health, Property)
  • Estate Planning and Wealth Transfer
  • Strategies for Protecting Against Financial Risks

Chapter 11: Navigating Economic Challenges

  • Understanding Economic Cycles
  • Building Resilience in Financial Planning
  • Crisis Management and Financial Survival

Chapter 12: Teaching Financial Literacy to Others

  • Educating Children about Money
  • Financial Literacy in Schools
  • Community Outreach and Resources

Conclusion:

  • The Lifelong Journey of Financial Education
  • Celebrating Financial Successes
  • Continuous Learning and Adaptation

Appendix:

  • Glossary of Financial Terms
  • Recommended Reading and Resources
  • Worksheets and Tools for Financial Planning

This book aims to provide readers with a comprehensive understanding of various financial concepts, empowering them to make informed decisions and take control of their financial future. Throughout the chapters, real-life examples, case studies, and practical tips will be incorporated to make complex financial concepts accessible to readers at all levels of financial literacy.


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Product Details
  • ISBN-13: 9798871093405
  • Publisher: Amazon Digital Services LLC - Kdp
  • Publisher Imprint: Independently Published
  • Height: 229 mm
  • No of Pages: 70
  • Spine Width: 4 mm
  • Weight: 109 gr
  • ISBN-10: 8871093402
  • Publisher Date: 07 Dec 2023
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Sub Title: A Comprehensive Guide to Financial Education by Lalit Mohanty
  • Width: 152 mm


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