Personal Finance: An Encyclopedia of Modern Money Management: An Encyclopedia of Modern Money Management

The ideal roadmap to 21st-century financial literacy, this layman's encyclopedia discusses ideas, concepts, events, and people that inform money management and personal finance. It explains the intricacies of things like investing, saving, debt, credit, and mortgages, and it drills down into complexities like the difference between 401(k) and 403(b) retirement plans. Entries invite the reader to explore common financial topics, such as seeking credit counseling, using credit cards, buying a home, and choosing insurance. Issues such as identity theft, derivatives, and taxes are explored as well.

The unique work is topically organized with contributions from both academics and financial professionals. Entries are augmented by entertaining sidebar anecdotes and a glossary, and there is a useful feature that connects readers to online sources, enabling them to keep up with this fast-changing field. A one-stop resource ideal for individuals seeking to understand personal finance, this book will also prove valuable to students taking courses in finance and economics. All readers will come away better equipped to profit from money management and more skilled at making smart financial decisions.

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Personal Finance: An Encyclopedia of Modern Money Management: An Encyclopedia of Modern Money Management

The ideal roadmap to 21st-century financial literacy, this layman's encyclopedia discusses ideas, concepts, events, and people that inform money management and personal finance. It explains the intricacies of things like investing, saving, debt, credit, and mortgages, and it drills down into complexities like the difference between 401(k) and 403(b) retirement plans. Entries invite the reader to explore common financial topics, such as seeking credit counseling, using credit cards, buying a home, and choosing insurance. Issues such as identity theft, derivatives, and taxes are explored as well.

The unique work is topically organized with contributions from both academics and financial professionals. Entries are augmented by entertaining sidebar anecdotes and a glossary, and there is a useful feature that connects readers to online sources, enabling them to keep up with this fast-changing field. A one-stop resource ideal for individuals seeking to understand personal finance, this book will also prove valuable to students taking courses in finance and economics. All readers will come away better equipped to profit from money management and more skilled at making smart financial decisions.

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Personal Finance: An Encyclopedia of Modern Money Management: An Encyclopedia of Modern Money Management

Personal Finance: An Encyclopedia of Modern Money Management: An Encyclopedia of Modern Money Management

by Barbara Friedberg (Editor)
Personal Finance: An Encyclopedia of Modern Money Management: An Encyclopedia of Modern Money Management

Personal Finance: An Encyclopedia of Modern Money Management: An Encyclopedia of Modern Money Management

by Barbara Friedberg (Editor)

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Overview

The ideal roadmap to 21st-century financial literacy, this layman's encyclopedia discusses ideas, concepts, events, and people that inform money management and personal finance. It explains the intricacies of things like investing, saving, debt, credit, and mortgages, and it drills down into complexities like the difference between 401(k) and 403(b) retirement plans. Entries invite the reader to explore common financial topics, such as seeking credit counseling, using credit cards, buying a home, and choosing insurance. Issues such as identity theft, derivatives, and taxes are explored as well.

The unique work is topically organized with contributions from both academics and financial professionals. Entries are augmented by entertaining sidebar anecdotes and a glossary, and there is a useful feature that connects readers to online sources, enabling them to keep up with this fast-changing field. A one-stop resource ideal for individuals seeking to understand personal finance, this book will also prove valuable to students taking courses in finance and economics. All readers will come away better equipped to profit from money management and more skilled at making smart financial decisions.


Product Details

ISBN-13: 9781440830327
Publisher: ABC-CLIO, Incorporated
Publication date: 04/14/2015
Sold by: Barnes & Noble
Format: eBook
Pages: 403
File size: 921 KB

About the Author

Barbara Friedberg, MS, MBA, is CEO and editor of BarbaraFriedbergPersonalFinance.com, an investment education website. She was formerly a finance instructor at Santa Clara University and Lebanon Valley College and the former CFO and CIO at Cadco Realty, Inc., Cincinnati, OH.

Table of Contents

Guide to Related Topics xi

Preface xxi

Introduction xxv

Ideas and Concepts

Accountant 1

Affordable Care Act 4

Alimony 8

Annuity 11

Asset Allocation 14

Banking 18

Bankruptcy 21

Behavioral Finance 23

Bonds 26

Budget 28

Capital Gains and Capital Losses 31

Capitalism 33

Cash 36

Certificate of Deposit 39

Checking Account 41

Commodities 44

Compound Interest/Return 47

Condominium 49

Consumer Credit/Debt 52

Credit Card 53

Credit (or Bond) Rating Agency 55

Credit Report and Reporting Agencies 59

Credit Score 62

Credit Union 65

Currency 67

Debt 70

Debt Collection 74

Debt/Credit Counseling 76

Deficit 78

Deflation 81

Delinquency 83

Derivatives 86

Digital Currency 89

Disability Insurance 92

Discount Rate 95

Dividend Income 98

Estate Planning 100

Federal Reserve Bank 103

Financial Advisor 106

Flexible Saving Account 108

Gross Domestic Product (GDP) and Gross National Product (GNP) 111

Health Insurance 113

Hedge Funds 117

Homeowner's and Renter's Insurance 119

Human Capital 122

Identity Theft 125

Index Mutual Funds 127

Inflation 130

Inflation-Protected Investments 133

Interest Income and Payments 136

Interest Rates 138

Investing 140

Liabilities 143

Life Insurance 145

Liquidity 149

Loans 152

Margin 155

Medicaid 157

Medicare 160

Money Market Account 162

Mortgage 165

Mutual Funds and Exchange-Traded Funds (ETFs) 168

Net Worth 171

Online Personal Finance 173

Opportunity Cost 176

Pension Plans 179

Portfolio Management 182

Power of Attorney 185

Probate 187

Real Estate 190

Real Estate Investment Trust (REIT) 193

Rent to Own 195

Retirement 198

Retirement Accounts 201

Risk 204

Risk Premium 207

Savings Account 208

Social Lending or Peer-to-Peer Lending 211

Social Security 213

Stock Market 217

Stocks 219

Systematic Market Risk 222

Tax Deferral 224

Tax Return, Federal 227

Time Value of Money 229

Treasury Securities 233

Umbrella Insurance 235

Unemployment 238

U.S. Federal Tax System Overview 241

Wills and Trusts 245

Events

Year 1930s: The Great Depression 249

Year 1944: Creation of the International Monetary Fund and the World Bank at the Bretton Woods International Conference 252

Year 1970s to 1980s: Economic Problems and the United States 256

Year 1987: Stock Market Crash 259

Year 1989-1991: U.S. Savings and Loan Crisis 262

Year 1994; North American Free Trade Agreement between Mexico, Canada, and the United States (NAFTA) 264

Year 1997-1998: Asian Financial Crisis 268

Year 1999: Introduction of the Euro to World Financial Markets 271

Year 2000: Bursting of the Dot-Com Technology Bubble 275

Year 2001: Enron, the Failure of Corporate Finance and Governance 278

Year 2002: Sarbanes-Oxley Act 280

Year 2003-2011: Iraq War's Impact on the U.S. Economy 283

Year 2005: Growth of China and India as World Economic Powers 285

Year 2007-2008: Subprime Housing Crisis and Mortgage Meltdown 288

Year 2007-2009: Global Recession and Breakdown of Major Wall Street Institutions 292

Year 2010: Dodd-Frank Wall Street Reform and Consumer Protection Act 296

Year 2011-20(2: European Debt Crisis 299

People

Bernankc, Ben S., 14th Chair of the U.S. Federal Reserve Board 303

Bloomberg, Michael R., American Politician and Businessperson 305

Bogle, John, Founder of The Vanguard Group 307

Buffett, Warren, Owner of Berkshire Hathaway Inc. 309

Bush, George W., 43rd President of the United States 311

Clinton, William, 42nd President of the United States 313

Geithner, Timothy R, 75th Secretary of the U.S. Treasury 315

Greenspan, Alan, 13th Chair of the U.S. Federal Reserve Board 317

Lagarde. Christine, Managing Director, International Monetary Fund 319

Markowitz, Harry M., Father of Modern Investment Portfolio Theory 321

Obama, Barack, President of the United States 324

Paulson Jr., Henry M., 74th U.S. Secretary of the Treasury 326

Rubin, Robert j., 70th U.S. Secretary of the Treasury 328

Schapiro, Mary, 29th Chair of the U.S. Securities and Exchange Commission 331

Shi Her, Robert J., 2013 Nobel Laureate in Economics 333

Siebert, Muriel, First Woman to Own a Seal on the New York Stock Exchange 336

Volcker, Paul A., 12th Chair of the U.S. Federal Reserve Board 338

Warren, Elizabeth, Former Special Advisor for the Consumer Financial Protection Bureau 340

Yellen, Janet, 15th Chair of the U.S. Federal Reserve Board 343

Glossary 347

Bibliography 371

About the Editor and Contributors 377

Index 381

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