{"product_id":"the-value-of-debt-in-building-wealth-9781119049296","title":"The Value of Debt in Building Wealth","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eThe book of financial wisdom that your future self will thank you for reading\u003c\/b\u003e \u003cp\u003eFor many adults under 40, ''debt'' is a four-letter wordsomething that should be avoided but is all too often unavoidable. In \u003ci\u003eThe Value of Debt in Building Wealth\u003c\/i\u003e, bestselling author Thomas J. Anderson encourages you to rethink that. You''ll walk away from this book with an understanding of how you can use debt wisely to secure the financial future you envision for yourself and your family. Student loans, mortgages, lines of credit, and other forms of debt are all discussed in detail, with a focus on smart planning for those who are accumulating assetsand debtnow. \u003c\/p\u003e\u003cp\u003eShould you rent or buy? How important is liquidity? What is good versus bad debt? How much debt should you have? What debt-to-income and debt-to-asset ratios should you aim for? Fixed debt or floating debt? What''s the best way of saving for college and retirement? These are big questions that deserve thorough answers because the\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eForeword xi\u003c\/p\u003e \u003cp\u003eAcknowledgments xv\u003c\/p\u003e \u003cp\u003eAbout the Author xix\u003c\/p\u003e \u003cp\u003eIntroduction xxiii\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1: The Traditional Glide Path 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIn a Perfect World, No Debt! But Our World Isn’t Perfect 2\u003c\/p\u003e \u003cp\u003eYou Owe a Debt to Your Future Self 3\u003c\/p\u003e \u003cp\u003eBreak the Paycheck-to-Paycheck Cycle 4\u003c\/p\u003e \u003cp\u003eCompanies Embrace Balance 5\u003c\/p\u003e \u003cp\u003eThe Power of Savings 6\u003c\/p\u003e \u003cp\u003eA New Glide Path: Debt Adds Value 8\u003c\/p\u003e \u003cp\u003eFinding Your Glide Path 11\u003c\/p\u003e \u003cp\u003eThe Need for Specific, Actionable Advice 12\u003c\/p\u003e \u003cp\u003eEndnotes 14\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2: Foundational Facts 17\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAll Debt Is Not Equal: Oppressive, Working, and Enriching Debt 18\u003c\/p\u003e \u003cp\u003ePaying Down Debt Gives You a Return Equal to Your After-Tax Cost of That Debt 20\u003c\/p\u003e \u003cp\u003eSh∗t Happens—Value Liquidity 20\u003c\/p\u003e \u003cp\u003eYes, You Can—Save 24\u003c\/p\u003e \u003cp\u003eCompounding Matters—For the Upside and the Downside 26\u003c\/p\u003e \u003cp\u003eThe Past Is the Past; Focus on the Future 29\u003c\/p\u003e \u003cp\u003eBehavioral Economics Matters 30\u003c\/p\u003e \u003cp\u003eEndnotes 31\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3: A Balanced Path to L.I.F.E. 33\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePhase 1: Launch! 37\u003c\/p\u003e \u003cp\u003ePhase 2: Independence 51\u003c\/p\u003e \u003cp\u003eEndnotes 62\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4: Freedom and Equilibrium 65\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePhase 3: Freedom 66\u003c\/p\u003e \u003cp\u003ePhase 4: Equilibrium 76\u003c\/p\u003e \u003cp\u003eBonus Phase: No Debt! 80\u003c\/p\u003e \u003cp\u003eEndnotes 82\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5: The Other Side of the Balance Sheet 85\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Probability of an 8 Percent Rate of Return Is Zero 86\u003c\/p\u003e \u003cp\u003eRisk, Return, and Diversification 87\u003c\/p\u003e \u003cp\u003eWhat about Interest Rates and Cost of Debt? 95\u003c\/p\u003e \u003cp\u003eWhat about One of Your Biggest Assets? Your House 97\u003c\/p\u003e \u003cp\u003eThree Buckets of Money 99\u003c\/p\u003e \u003cp\u003eRisk Matters—The Risk of Time 105\u003c\/p\u003e \u003cp\u003eFactoring Leverage into Returns 107\u003c\/p\u003e \u003cp\u003eDebt as an Integrated Part of Your Investment Philosophy 109\u003c\/p\u003e \u003cp\u003eEndnotes 110\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6: Proof of the Value of Debt 113\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Big Picture—Debt Can Be Valuable 115\u003c\/p\u003e \u003cp\u003eChildren and College Savings 127\u003c\/p\u003e \u003cp\u003eInterest Rates and Debt Service Coverage Ratios 128\u003c\/p\u003e \u003cp\u003eEndnotes 128\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7: Conclusion 131\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTaking a Stand Against Conventional Wisdom 132\u003c\/p\u003e \u003cp\u003eEndnotes 137\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix A: Phi Phound Me 139\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eInspiration Arrived 140\u003c\/p\u003e \u003cp\u003eNot Perfect Makes Perfect 142\u003c\/p\u003e \u003cp\u003eApplying the Fibonacci Sequence 142\u003c\/p\u003e \u003cp\u003eFrom 13 to 8 148\u003c\/p\u003e \u003cp\u003eFrom 8 to 5 150\u003c\/p\u003e \u003cp\u003eSuper Cool Math 151\u003c\/p\u003e \u003cp\u003eEndnotes 154\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix B: Understanding the Power of Securities-Based Lending 155\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCase Study 156\u003c\/p\u003e \u003cp\u003eThe Power of Securities-Based Lending 159\u003c\/p\u003e \u003cp\u003eFirst Bank of Mom and Dad 162\u003c\/p\u003e \u003cp\u003eEndnotes 163\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix C: Home Purchase and Financing Considerations 165\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDon’t Rush to Buy a House 166\u003c\/p\u003e \u003cp\u003eWhen Home Ownership Can Go Wrong 168\u003c\/p\u003e \u003cp\u003eSave Yourself the Anguish 169\u003c\/p\u003e \u003cp\u003eBe Careful! 170\u003c\/p\u003e \u003cp\u003eAll Mortgages Are Not Created Equal 171\u003c\/p\u003e \u003cp\u003eOwning Can Be Great 175\u003c\/p\u003e \u003cp\u003eEndnotes 176\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix D: The Millennial’s Guide to Debt and Getting Started 179\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSaddled by Student Loans 180\u003c\/p\u003e \u003cp\u003eThe Best Budget: Spend Less Than You Make 182\u003c\/p\u003e \u003cp\u003eDebt-to-Income Ratios 185\u003c\/p\u003e \u003cp\u003ePulling These Concepts Together 188\u003c\/p\u003e \u003cp\u003eEndnotes 188\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix E: The Math Behind the Examples 191\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 1: The Nadas, Steadys, and Radicals 193\u003c\/p\u003e \u003cp\u003eChapters 3 and 4: Brandon and Teresa 199\u003c\/p\u003e \u003cp\u003eHigher Income 210\u003c\/p\u003e \u003cp\u003eEndnotes 216\u003c\/p\u003e \u003cp\u003eGlossary 219\u003c\/p\u003e \u003cp\u003eResource Guide 225\u003c\/p\u003e \u003cp\u003eBibliography 231\u003c\/p\u003e \u003cp\u003eSuggested Reading 233\u003c\/p\u003e \u003cp\u003eIndex 235\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":48866384937303,"sku":"9781119049296","price":20.4,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781119049296.jpg?v=1722278396","url":"https:\/\/bookcurl.com\/products\/the-value-of-debt-in-building-wealth-9781119049296","provider":"Book Curl","version":"1.0","type":"link"}