Meet the authors
We know the Yins and Yangs of personal finance
Try a sample of Your Total Wealth
We’ve put together a little preview of our book. Enjoy reading through the Table of Contents, Introduction, a sample Yin-Yang, and a small Conclusion.
Copyright © 2021 by HSF Publishing LLC, Dover, Delaware.
Note: This material is for review only, and not for distribution
Chapter 1
- Finance
- Balance sheet
- Assets
- Liabilities
- Income statement
- Depreciation
- Cash flow
- Central bank
- The SEC
- Stock exchanges
- Inflation/deflation
- Recession
- Time value of money
- Compound interest
- Rate of return
- Behavioral finance
- Agency problem
- Capital 101
- Efficiency
- Liquidity
- Opportunity cost
- Sunk costs
Yin and Yang of Personal Finance
Success is getting what you want. Happiness is wanting what you get. – Dale Carnegie
Imagine for a moment that you are in a large room filled with financial planners. They are not like your Uncle Harry or Cousin Sally, who pride themselves on being financially savvy, periodically giving you hot stock tips and advice on managing your credit cards.
No, these are professional planners, who devote 40-60 hours a week to clients willing and able to pay for advice on managing wealth and creating financial peace of mind. Many are professionally credentialed financial advisors.
Dividends
Many stocks pay dividends, which are periodic (usually quarterly) cash flows to stockholders. Dividends are declared by firms’ boards of directors. Dividends can increase over time, decrease or be eliminated.
Firms pay dividends when they have reasonably high profits and cash flow, and they don’t need the money to invest in new businesses, products or plants and equipment. Rapidly growing firms tend not to pay dividends or at least very low ones. Profitable firms with fewer growth prospects tend to pay higher dividends.
As of July 2020, there were 66 “dividend aristocrats” in the S&P 500 Index – 66 companies that have paid increasing dividends every year for at least 25 years.
Wealth is the ability to fully experience life. – Henry David Thoreau
When you die, the final test of how you lived your life will not be the size of your financial portfolio. It will be the legacy you created while you lived – the innumerable decisions resulting in that priceless portfolio.
Your legacy will be the memories your family and friends will have for the rest of their lives, memories about you and your relationship with them.
Life is short, but legacies endure. We wish you wisdom and compassion in creating those memories and that legacy – a legacy that defines you as one who balanced financial wealth with heart and soul.
Endorsing Your Total Wealth
Top Reviews From Amazon Readers
For some down-to-earth, basic advice on money and life, I have a book to recommend: “Your Total Wealth: The Heart and Soul of Financial Literacy.”
“For anyone starting out in life, Your Total Wealth is the ideal read. It is the most unique and accessible financial advice resource I’ve ever seen and goes well beyond how to make money.”
The authors give us a window into what “total wealth” means, how to achieve it, and demonstrate that it is much more than mere numbers. Total wealth is greater than the “stuff” we own or the balance in an investment account.
“I wish that I had this book years ago!”
“Your Total Wealth is filled with insights …. financial terms and life lessons that get you thinking about living a richer life.”
“Giving a copy to young, new clients, would be a great way for a financial adviser to begin a professional relationship.”