Summary: Financial Self-Defense - BusinessNews Publishing - ebook

Summary: Financial Self-Defense ebook

BusinessNews Publishing

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Opis

The must-read summary of Charles J. Givens' book: "Financial Self-Defense: How to Win the Fight for Financial Freedom". This complete summary of the ideas from Charles J. Givens' book "Financial Self-Defense" shows that anyone can become a professional at the wealth-building process, simply by applying the correct strategies at every decision-making point - again and again. In his book, the author highlights that financial self-defense means to take charge of your financial future. Most people have an opportunity to create more wealth and subsequent financial security for themselves by using the money they earn more effectively rather than trying to make more money. It simply requires the identification and adoption of wealth building and expenditure allocation strategies that are effective and viable. This summary shows the reader how to avoid expensive traps. Added-value of this summary: • Save time• Understand key concepts • Increase your business knowledge To learn more, read "Financial Self-Defense" and discover concrete advice on developing a safe and solid financial plan from a self-made millionaire. 

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Liczba stron: 33




Book Presentation:Financial Self – Defense by Charles J. Givens

Book Abstract

Important Note About This Ebook

Summary of Financial Self – Defense (Charles J. Givens)

1. Taking Charge of Your Financial Future

Strategy #1 – Records Management System

Strategy #2 – Automobiles

Strategy #3 – Insurance

Strategy #4 – Banks

Strategy #5 – Mortgages

Strategy #6 – Tax Tactics

Book Presentation:Financial Self – Defense by Charles J. Givens

Book Abstract

Main Idea

The biggest problem with earning money is that it doesn’t come with an instruction book. Even the person who has been very successful in accumulating wealth doesn’t automatically understand the principles of effective personal financial management.

Financial self-defense means to take charge of your financial future. Most people have an opportunity to create more wealth and subsequent financial security for themselves by using the money they earn more effectively rather than trying to make more money. It simply requires the identification and adoption of wealth building and expenditure allocation strategies that are effective and viable. Financial self-defense also requires the development of a dynamic plan to take a person wherever they want to go financially in the shortest possible time and with the minimum amount of sacrifice along the way.

The strategies of financial self-defense present a plan of action for an integrated approach to creating the lifestyle the person wants in the present combined with having sufficient funds available at retirement. True financial freedom does not require the accumulation of any pre-set amount of capital - instead, financial freedom comes with having sufficient money to do whatever is desired with enjoyment.

Important Note About This Ebook

This is a summary and not a critique or a review of the book. It does not offer judgment or opinion on the content of the book. This summary may not be organized chapter-wise but is an overview of the main ideas, viewpoints and arguments from the book as a whole. This means that the organization of this summary is not a representation of the book.

Summary of Financial Self – Defense (Charles J. Givens)

1. Taking Charge of Your Financial Future

Main Idea

Taking control of your financial future means to create a dynamic plan to achieve what you desire in the minimum time with the maximum amount of pleasure along the way.

Every person needs to create their own financial blueprint to provide financial control, direction and security. An effective and complete financial blueprint is made up of a set of four lists:

Dreams list – what you would do if you had unlimited money, time and energy.Values list – the principles of life you consider to be most important.Goals list – the specific objectives you want to accomplish (including assets you’d like to accumulate).Strategies list – knowledge, information and actions you will use to achieve your financial goals and dreams.

All four lists are interrelated. Dreams are the destinations you seek whereas goals are stepping stones or milestones along the way. A person’s values reflect the time and effort they allocate to wealth building while strategies dictate the speed at which goals can be achieved.

The greatest progress is made when there’s an alignment of all four lists.

Supporting Ideas

Most people are losing an average of $10,000 to $20,000 per year – not to thieves or con artists but to perfectly legal schemes dreamed up by bankers, car dealers, insurance companies, mortgage lenders, credit card companies and the government. By using better financial strategies, these losses can be reduced and hopefully eliminated.

The average family makes two or three money management decisions every month. Financial power in making these decisions rests in being armed with sufficient knowledge and a financial plan.

The objectives of a rational financial plan are:

To build and maintain a reasonable lifestyle in the present without sacrificing the future.To build a financially sound future without making the present uncomfortable.