Money Mentor: What You Should Know About Money
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About this ebook
Money Mentor contains the important information many young people were never taught about money. It is a book ideal for parents to give to graduates, or even to use to improve their own money habits.
Readers learn about how to earn, save, spend and invest money to their advantage. This book is for all parents and children who want to understand how money can work to their benefit. It explains money relationships, budgeting, and about bills and creditors, how to fix money problems and deal with debt.
This eBook contains a comprehensive and detailed look at money and how to better use it. No matter how hard things are financially, it is never too late to learn and never too late to start over. Now, adult children have a comprehensive reference for answers about all they feel they never were taught about money.
Nothing is worse for a parent than to have an adult child complain they were never taught about money when they get stuck in financial difficulties. This eBook includes a broad look at money and how to earn it, save it, spend it and invest it. It is basic but thorough information written in a friendly and understandable manner.
The author composed this eBook for her own children and grandchildren to use, in hopes they will learn better money management skills than she herself had learned. It contains information gathered over a lifetime of spending, running up debt, bankruptcy and recovery.
This eBook can be marketed as an ideal graduation gift for any high school or college student. At the same time, parents who are struggling will also find the information useful.
Linda Carol Everett
Linda Carol Everett has been a professional copywriter for over four decades. She has worked in media sales, writing and photography at radio, tv stations and at advertising agencies, in addition to running several websites. She has been successfully writing online web content for many years, including SEO projects for clients worldwide. She is a certified Paralegal.Her article writing can be viewed at: http://www.grandmaslittleblackbook.com.In past years, Linda was writer/photographer for two versions of Windsor Publications Newcomers Guide to Ingham, Eaton, and Clinton Counties. For ad agencies, she has contributed writing and photographic skllls to a variety of client orders, for national companies as well as local businesses. One of her first radio copywriting jobs was for a then fledgling pizza business in East Lansing, MI, Domino's Pizza.Most recently, Linda has been writing web content articles for several online text service companies. She has successfully sold over 10,000 web content articles in the past four years, and sells eBooks for freelancers and others on her website. She has 23 eBooks for sale online.Linda graduated from Michigan State University with a B.A. in Communication Arts, in 1972. She completed certification as a Paralegal in 2004.
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Money Mentor - Linda Carol Everett
Money Mentor-Money Management
Smashwords Edition, License Notes
This ebook is licensed for your personal enjoyment only. This ebook may not be re-sold or given away to other people. If you would like to share this book with another person, please purchase an additional copy for each recipient. If you’re reading this book and did not purchase it, or it was not purchased for your use only, then please return to Smashwords.com and purchase your own copy. Thank you for respecting the hard work of this author.
No man's credit is ever as good as his money
- Edgar Watson Howe
-*-
Money Mentor- Money Management eBook – 2012
By Linda Carol Everett
Nothing hurts a parent’s pride more than having an adult son or daughter complain that you never taught them about money. Now that they are in financial difficulty, the chickens are home to roost. Perhaps they are in over their head on many debts, or even to the sad point of declaring bankruptcy.
No matter how hard things are financially, it is never too late to learn and never too late to start over. Now, adult children have this eBook as a comprehensive reference for answers about all they feel they never were taught about money. There no longer is any excuse to claim you do not understand money, how to use money or how to save money.
Parents should read this eBook and pass it along to their children so they can also learn. Children, you might even want to recommend this eBook to your parents; it is never too late to learn about money and how to use it.
Money, properly earned, saved, invested and used can be a source of financial peace of mind. This is especially important today, as economic worries mount and the future looks dismal for many. It may seem that the old ways no longer work, but actually they still are the best chance for securing a financial future and having peace of mind today. Living debt free is an amazing and worthy goal; only a few accomplish it, but that should be one of the top goals set out on any financial plan for any age person.
Look over the table of contents and find what interests you most. Read that section first, or go through everything step by step. Be sure to read all the information and, by the time you finish this eBook, you should have a firm grasp on knowledge about money and how to use it. Read it all!
Children and young adults – This is the knowledge you need but may not have been taught yet.
Parents – This is the knowledge you should be passing along to your children, and please, use it yourself.
Thomas Tusser (1524 – 3 May 1580) was an English poet and farmer, best known for his instructional poem Five Hundred Points of Good Husbandry, published in 1557. It contains the lines
A foole and his monie be soone at debate,
which after with sorrow repents him too late.
That is an early version of the proverb: A fool and his money are soon parted.
-*-
TABLE OF CONTENTS:
PART ONE
Things you never were taught about money and how to use it - Definitions
Earning Money
Saving Money
Goal Setting
Investment
Company/Business
Property
Financial
Stocks, Bonds, Mutual Funds, ETFs
Protection
Growth
Interest
Direct Income
Residual income
Barter
Buying
Discounts
Banking & Accounting
Inheritance (Trusts, Funds, Other People’s Money)
Trouble – Solutions
Recovery from Mistakes
Taxes
PART TWO
What most parents teach their kids about money – Zero
PART THREE
What children should know about money relationships
Money & Work
Money & Savings
Money and Bills
Money & Interest
Money & Relationships
PART FOUR
What young children need to know about money
What older children need to know about money
What adult children need to know about money
Mom & Dad’s $$$ - & more
What parents should know about their children and money
Role Model
Behavior reinforcement
Budgeting
Responsibilities (bills)
PART FIVE
What parents should teach their children
How to Get Money
How to Budget, Plan and Set Goals
How to Save Money
How to Use Savings to Purchase Big Ticket Items
Gifts to others
Sharing/Donating
How Savings Grow with Compound Interest
Borrowing Pros and Cons
Banking functions:
Safe place for $$
Grow Savings
Loans
Interest
Checking Accounts
Saving Accounts
Stocks/Bonds
Long Term Planning
Value of Money
Purchasing
Security
Self-Image
Stability
Economy
Alternatives to Money
Investments
Financial
Education
Personal
Real Estate
Insurance
Safe Places to Keep Money
Money Market Accounts
Stocks/Bonds
Banks
Credit Unions
Savings & Loans
Precious Metals
Foreign Currency
Saving/Making Money
Discounts
Coupons
Trade/Barter
Online Money Making
Auctions
Lists
Freelance Income
Websites
Direct Deposit/Withdrawal
Identity Theft
Safeguarding Information
Protecting Social Security Number
Internet Use
Bankruptcy
Collections
Debt Management
Debt Reorganization/Renegotiation
Payday Loans
Bills
Due Dates
Interest
Payments
Credit
Credit Records
Credit History
Credit Score
Credit Reporting Agencies
Free Credit Reports
Credit Repair
Consolidation
Debt Management Programs and Companies
Creditors
Collection
Harassment
Protection by Law
Legal Alternatives
Attorneys
Small Claims
Lawsuits
PART SIX
Tips/Conclusion
It’s Only Money
Money People
Reference Books & Websites
Scams
Common Sense
Brother Edward’s Smart Shopping Tips
Final Thoughts - Quotes
We are what we repeatedly do. Excellence, then, is not an act but a habit.
- Aristotle