100 Steps to Financial Independence: The Definitive Roadmap to Achieving Your Financial Dreams
100 Steps to Financial Independence: The Definitive Roadmap to Achieving Your Financial Dreams
by Inge Natalie Hol
12 Nov 2018 | English | ePUB | ISBN: 9788409062058 | 492 pp | 13.64 MB
Retail
by Inge Natalie Hol
12 Nov 2018 | English | ePUB | ISBN: 9788409062058 | 492 pp | 13.64 MB
Retail
Divided into 10 parts and 101 short chapters, 100 Steps to Financial Independence has a unique international perspective and is loaded with checklists, action steps, and surprisingly simple strategies to finally gain control of your financial life. Learn all you need to know about:
• Expenses – Reduce your costs and align your expenses with your goals
• Debt – Develop a strategy to pay off your loans and become debt-free
• Savings – Boost your savings with painless techniques and build a financial safety net
• Income – Increase your earnings in some or all of the seven income streams
• Retirement – Plan for a comfortable and secure retirement
• Investing – Learn to manage your own portfolio and start building your nest egg
• Financial protection – Take care of yourself and your family with the insurance you need
As well as net worth, taxes, credit scores, lifestyle inflation, and much more
For a lighter version of the book, use the suggested shortcuts to create your own fast track to Financial Independence in less than 100 steps!
Table of Contents
Before You Begin
0: Commit to Your Journey
1: Discover Your Why: Define Your FI Vision
2: Discover Your What: The Eight Stages of FI
3: Visualize Your Dreams
4: Set Your Financial Objectives
5: Create Progress Trackers
6: Celebrate Your Victories
7: Organize Your Paperwork
8: Plan Your Money Allocation Strategy
Your Starting Point
9: Track Your Expenses
10: List Your Debts
11: List Your Assets
12: Calculate Your Net Worth
13: Set a Net Worth Goal
Your Expenses
14: Categorize Your Expenses
15: Identify Your Fixed Expenses
16: Identify Your Variable Expenses
17: Identify Your Discretionary Expenses
18: Identify Your Savings Expenses
19: Calculate Your Cash Flow
20: Create Your Money Map
21: Beware Lifestyle Inflation
22: Start a Budget
23: Discuss Finances with Your Partner
24: Start a Weekly Money Moment
25: Translate Expenses into Time Costs
26: Limit One Expense
27: Set Up Your Bank Accounts
28: Start an Emergency Fund
29: Check Your Balances Daily
30: Pay Yourself First
31: Use the 50/20/30 Rule
32: Get One Month Ahead
33: Automate Your Payments
34: Make a Yearly Budget
35: Start a Monthly Finance Review
Your Debts
36: Learn about Compound Interest
37: Stop Accumulating Debt
38: Credit Cards
39: Credit Scores
40: The Impact of Extra Debt Payments
41: Start Paying Off One Debt
42: Keep 50% of Any Extra Money
43: Become Debt-Free
44: Pay Off Your Mortgage
Your Savings
45: Build a Three-Months-Expenses Fund
46: Start a Piggy Bank
47: On Inflation and Interest Rates
48: Your Savings Rate
49: Set Your Savings Goals
50: Save and Spend on YOU
Your Income
51: Multiple Income Streams
52: Income Stream 1: Earned Income
53: Income Stream 2: Profit Income
54: Income Stream 3: Interest Income
55: Income Stream 4: Capital Gains
56: Income Stream 5: Dividend Income
57: Income Stream 6: Royalties
58: Income Stream 7: Rental Income
59: Plan Your Income
Your Retirement Plan
60: An Introduction to Retirement Accounts
61: Social Security Benefits or State Pensions
62: Workplace Retirement Accounts
63: Private Retirement Accounts
64: Annuities
65: Make a Retirement Plan
Investing
66: Understanding Shares
67: To Invest or Not to Invest
68: Understanding Bonds
69: The Difference Between Stocks and Bonds
70:Â Investing by Handpicking Stocks
71:Â Investing in Mutual Funds
72: Investing in Index Funds / ETFs
73: Bull and Bear Markets
74: Dollar Cost Averaging
75: Rebalance Your Portfolio
76: Lifestyle Investment Strategy
77: Investing in Gold and Commodities
78: Investing in Real Estate
79: Investing through Crowdfunding
80: The 4% Rule
81: Sequence of Return Risk
Your Financial Protection, Taxes, and Paperwork
82: Life Insurance
83: Health Insurance
84: Disability Insurance
85: Homeowner and Renter’s Insurance
86: Car Insurance
87: Warranties and Service Contracts
88: Estate Planning
89: Protect Your Money Online
90: An Introduction to Taxes
91: Tax Planning
92: Digitize Your Documents
How to Excel at FI
93: Consider Hiring a Professional
94: Find a Coach
95: Set Aside Money for Your Children
96: Teach Your Children about Finances
97: Invest in Your Individual Capital
98: Give to Charity
99: Play the What If Game
100: Stick to Your Journey
Before You Begin
0: Commit to Your Journey
1: Discover Your Why: Define Your FI Vision
2: Discover Your What: The Eight Stages of FI
3: Visualize Your Dreams
4: Set Your Financial Objectives
5: Create Progress Trackers
6: Celebrate Your Victories
7: Organize Your Paperwork
8: Plan Your Money Allocation Strategy
Your Starting Point
9: Track Your Expenses
10: List Your Debts
11: List Your Assets
12: Calculate Your Net Worth
13: Set a Net Worth Goal
Your Expenses
14: Categorize Your Expenses
15: Identify Your Fixed Expenses
16: Identify Your Variable Expenses
17: Identify Your Discretionary Expenses
18: Identify Your Savings Expenses
19: Calculate Your Cash Flow
20: Create Your Money Map
21: Beware Lifestyle Inflation
22: Start a Budget
23: Discuss Finances with Your Partner
24: Start a Weekly Money Moment
25: Translate Expenses into Time Costs
26: Limit One Expense
27: Set Up Your Bank Accounts
28: Start an Emergency Fund
29: Check Your Balances Daily
30: Pay Yourself First
31: Use the 50/20/30 Rule
32: Get One Month Ahead
33: Automate Your Payments
34: Make a Yearly Budget
35: Start a Monthly Finance Review
Your Debts
36: Learn about Compound Interest
37: Stop Accumulating Debt
38: Credit Cards
39: Credit Scores
40: The Impact of Extra Debt Payments
41: Start Paying Off One Debt
42: Keep 50% of Any Extra Money
43: Become Debt-Free
44: Pay Off Your Mortgage
Your Savings
45: Build a Three-Months-Expenses Fund
46: Start a Piggy Bank
47: On Inflation and Interest Rates
48: Your Savings Rate
49: Set Your Savings Goals
50: Save and Spend on YOU
Your Income
51: Multiple Income Streams
52: Income Stream 1: Earned Income
53: Income Stream 2: Profit Income
54: Income Stream 3: Interest Income
55: Income Stream 4: Capital Gains
56: Income Stream 5: Dividend Income
57: Income Stream 6: Royalties
58: Income Stream 7: Rental Income
59: Plan Your Income
Your Retirement Plan
60: An Introduction to Retirement Accounts
61: Social Security Benefits or State Pensions
62: Workplace Retirement Accounts
63: Private Retirement Accounts
64: Annuities
65: Make a Retirement Plan
Investing
66: Understanding Shares
67: To Invest or Not to Invest
68: Understanding Bonds
69: The Difference Between Stocks and Bonds
70:Â Investing by Handpicking Stocks
71:Â Investing in Mutual Funds
72: Investing in Index Funds / ETFs
73: Bull and Bear Markets
74: Dollar Cost Averaging
75: Rebalance Your Portfolio
76: Lifestyle Investment Strategy
77: Investing in Gold and Commodities
78: Investing in Real Estate
79: Investing through Crowdfunding
80: The 4% Rule
81: Sequence of Return Risk
Your Financial Protection, Taxes, and Paperwork
82: Life Insurance
83: Health Insurance
84: Disability Insurance
85: Homeowner and Renter’s Insurance
86: Car Insurance
87: Warranties and Service Contracts
88: Estate Planning
89: Protect Your Money Online
90: An Introduction to Taxes
91: Tax Planning
92: Digitize Your Documents
How to Excel at FI
93: Consider Hiring a Professional
94: Find a Coach
95: Set Aside Money for Your Children
96: Teach Your Children about Finances
97: Invest in Your Individual Capital
98: Give to Charity
99: Play the What If Game
100: Stick to Your Journey