Simple Money: A No-Nonsense Guide to Personal Finance

Simple Money: A No-Nonsense Guide to Personal Finance

by Tim Maurer

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Overview

Simple Money: A No-Nonsense Guide to Personal Finance by Tim Maurer

When it comes to money management, most of us take a hands-off approach because we're just not confident that we have the know-how needed. But personal finance is actually more personal than it is finance. Tim Maurer has made a career out of distilling complex financial concepts into understandable, doable actions. In this eminently practical book, he shows readers how to

- better understand their values and goals in order to simplify their money decisions
- budget major expenses intelligently
- reduce and eliminate debt
- make vital decisions on home, auto, and life insurance
- establish a world-class investment portfolio
- craft a workable retirement plan
- and more

Readers will be relieved to see that managing their money is actually not as complicated as they thought—and that they can take control of their financial future starting today.

Product Details

ISBN-13: 9780801018862
Publisher: Baker Publishing Group
Publication date: 03/01/2016
Pages: 288
Sales rank: 573,046
Product dimensions: 5.50(w) x 8.40(h) x 0.80(d)

About the Author

Tim Maurer is a speaker, blogger, author, and financial advisor. As director of personal finance for the BAM Alliance, a collective of over 140 financial advisory firms serving over 19,000 individuals throughout the United States, he serves as an industry thought leader to the media and educator to both consumers and financial advisors. He is a regular contributor to CNBC, Forbes, Time/Money, and Forbes.com, and on his own website, www.timmaurer.com. He is the coauthor with Jim Stovall of The Ultimate Financial Plan and was recently chosen as one of only twenty financial advisors nationwide to sit on CNBC's Financial Advisor Council. He makes regular television appearances on Power Lunch, Street Signs, On the Money, and PBS's Nightly Business Report and has been heard on NPR's The Diane Rehm Show, Morning Edition, and Marketplace. He has been quoted in the Wall Street Journal, the Washington Post, the New York Times, the Baltimore Sun, Kiplinger's Personal Finance, U.S. News & World Report, and Money magazine, among others. Tim and his wife, Andrea, are the proud parents of two boys and live in South Carolina.

Table of Contents

Start Here 11

Part 1 Planning for Life

1 Enough: Redeeming Wealth 19

2 Values: Three Questions to Guide You 31

3 Riding the Elephant: Unconventional Goal Setting 40

4 Calling: Finding Life-Giving Work 57

5 Time: Investing Your Most Precious Commodity 66

Part 2 Planning for Today

6 Perspective: Where Do You Stand' 77

7 Essentials: Straight Talk on Savings and Debt 90

8 Financial Statements: Introducing Your New CFO 108

Part 3 Planning for the Inevitable

9 Investing: A Simple Portfolio That's Beaten the Pros 141

10 Education: Getting Schooled 144

11 Retirement: The Wobbly Three-Legged Stool 157

12 Financial Independence: The New Retirement 175

13 Estate and Legacy; Cheating Death 192

Part 4 Planning for the Unexpected

14 Insurance: WARNING! 209

15 Life: Harder Than It Needs to Be 214

16 Disability Income: Protecting Your Largest Asset 229

17 Long-Term Care: When I'm Sixty-Four 237

18 Home and Auto: Don't Overpay to Be Underinsured 247

Part 5 Planning for Action

19 The Top 10: Yew Next Dollars Home 257

20 Behavior Management: Working with an Advisor 263

21 Simplicity: The One-Page Financial Plan 270

Acknowledgments 275

Notes 277

About the Author 283

Customer Reviews

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Simple Money: A No-Nonsense Guide to Personal Finance 5 out of 5 based on 0 ratings. 5 reviews.
Mariposalibre More than 1 year ago
I have followed Tim's advice on financial planning through his weekly e-mails, Forbes and Twitter and saw improvements to my finances throughout. His book Simple Money has given me further insight into how to really understand what financial planning is and how it involves more than just finances. It can be understood by the novice and appreciated by the most knowledgeable financial planners. I love the analogies throughout the book which help me to visualize the concept he is explaining and I'm ready to embark on my road to Enough. A must read.
Morrie More than 1 year ago
3 thoughts regarding Simple Money: 1.  Simple, but not shallow - this book runs deep.  Tim deftly illuminates concepts and principles that will change your life in significant ways if you have the desire and courage to implement them.  Promise! 2.  If you breeze through this book, you will have missed the point(s).  I urge you to consume it in relatively small bites over the course of several days.  Warning! - there's thinking and reflection involved if you're looking for  maximum value. 3.  Speaking of value, I have to say that chapter 1, entitled "Enough", is worth the price of the book.  Chapter 2, regarding Values, is also worth the price of the book.  Chapter 3... yup, you guessed it - Tim's thoughts concerning unconventional goal setting are worth the price of the book.  That's as far as I've read so far, but suffice to say, you will get your money's worth, and then some.  Only 3 chapters in, and this book has already altered my thinking in multiple ways.  I appreciate Tim's willingness to challenge some commonly held, but erroneous ideas, and then offer an alternative path. I could go on, but chapter 4 awaits, and I'd much rather be reading that.
PC-S More than 1 year ago
Simple Money – it’s not just about the money – it’s about your personal goals, values, and your legacy I have enjoyed and learned from Tim Maurer’s weekly emails, articles and previous book so was pleased to learn he had a new book. His writing is about not only money concepts but about balance in life and determining what is important. Simple Money is a book that covers the range of personal finance areas but does so in a way to highlight what is most important. Each chapter covers important concepts and then at the end has as summary and a “call to action” for you to apply the concepts as appropriate for you. What is particularly refreshing is the concept of “enough”. This is not about getting rich – it is about making life choices to ensure you can live comfortably, prepare for the unexpected, and plan for the future. Your personal values and goals become the driving factors in your financial planning. There are sections on values, goals, work, time, savings, debt, financial statements, investing, education, retirement, estate planning, all types of insurance, and planning for action. The book is a manageable size so it is not overwhelming. It is filled with practical how-to steps and many illustrated examples. Simple but not simplistic is a theme and so the information is at an appropriate level for those of us that are not finance wizards and could use guidance for financial decisions. I found it thought provoking and educational and will be reading it a second time to determine my action plan. I think anyone will gain insight and knowledge from this book and find important areas in their lives to make changes and more informed decisions for a better future.
LLang More than 1 year ago
From the beginning, it's clear how much time and thought Tim Maurer put into creating a personal finance book with not only practical advice but actions to take to help you stick with managing your money. His guidance in education planning is a topic every parent and high school student should read. The greatest thing about this book is, he's made it easy to understand all the financial talk. I enjoyed this book and would recommend it to anyone.
Ron67 More than 1 year ago
Tim Maurer has done an excellent job of covering all of the bases of personal finance with his recent book “Simple Money”. He dispenses sound advice on personal values, what it means to have Enough, evaluating one's current financial situation, straight talk on savings and debt, constructing a simple investment portfolio that will work in the long run, the amount you need to be saving/investing each month to reach your goal, the basics of estate planning, and planning for the unexpected with the types of insurance that one needs for current and long term protection. His Tenet #1: “Personal Finance is More Personal Than it is Financial” is so very true. As he points out, Tenet #1 is the reason why people who make a million dollars a year live paycheck to paycheck, and why underpaid teachers retire with a million dollars in savings. Baby Boomer parents and grandparents should seriously consider buying copies of “Simple Money” and give one to each of their children and grandchildren. It will be money well spent!!