Financial Literacy for Millennials

Review Financial Literacy for Millennials: A Practical Guide to Managing Your Financial Life for Teens, College Students, and Young Adults

by ANDREW SMITH

Description

Personal money management is for the age group 15-30 years old is the offering the book Financial Literacy for Millennials. Andrew Smith has this personal mission to teach the younger generation of becoming financially literate and responsible. The book touches details and practical insights to responsible financial management among the youth. 

Smith gives an updated version of the conventional personal fiancé practices, which include budgeting, debt, credit, savings, investment, etc. He also delves into important financial decisions and personal growth practices like career planning, starting a business, internet fraud, and financial scams. The book goes beyond financial issues and also picks on basic taxing principles, avoiding bankruptcy, and legal issues millennials are confronted with.  

If you are a millennial, improve your knowledge about your privileges, responsibilities, and financial accountabilities by reading this book. 

About the Author

Andrew Smith is a multi-faceted individual serving as a financial advisor, trustee, and a licensed attorney who has served several financial firms like trust funds, estates, investment partnerships, insurance trusts, and private individuals. 

Table of Contents

One: Financial Planning

Money, Inflation, Personal Responsibility, Life Goals

Two: Careers

Career Paths, Human Capital, Education, and Training

Three: Business and Entrepreneurship

Business Organization, The Language of Business, Startups, Franchises, Side Business, Real Estate

Four: Saving and Banking

Why Save? How To Save. Banking Basics. Bank Accounts. Automated Teller Machines.

Five: Budgeting and Spending

How To Budget. Everyday Spending. Savings and Emergencies. Sample Budget.

Six: Credit and Debt

Loans. Time Value of Money. Collateral and Repayment. Mortgages. Interest Rates

Seven: Bankruptcy

Why Bankruptcy? Types of Bankruptcy. Exempt Property.

Eight: Investments

Compounding. Understanding Risk. The Stock Market. Mutual Funds.

Nine: Avoiding Financial Scams

Pyramid Schemes. Other Investment Frauds. Identity Theft.

Ten: Insurance

How Insurance Works. Property Insurance. Title Insurance. 

Eleven: Taxes

How Taxes Work. What Taxes Support. Sales Taxes. Income Taxes

Twelve: Government Benefits

Social Security. Medicare. Poverty. 

Thirteen: Legal Issues

Contracts. Prenuptial Agreements. Liability. Property.

Fourteen: Growing Older Retirement Plans. Pensions. How Much Do You Need?