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Introduction to Personal Finance Beginning Your Financial Journey 1st Eddition By John Grable, Lance Palmer

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Pages
623
File size
14.38 MB
Format
Digital PDF
Course
Business
Category
eBook[PDF]
About this ebook
The Introduction to Personal Finance: Beginning Your Financial Journey" (1st Edition) by John E. Grable and Lance Palmer covers fundamental money management concepts using a highly visual, modular framework. The textbook is structured into 10 primary chapters that take readers from behavioral finance basics to advanced wealth protection and retirement planning.

📌 Core Topics Covered by Chapter
  • Chapter 1: Beginning Your Financial Journey
    Focuses on the "interior finance" perspective. Covers personal financial values, risk tolerance, and setting SMART goals.
  • Chapter 2: Tools for Your Financial Journey
    Introduces critical functional tools. Covers basic financial statements, budgeting strategies, and the Time Value of Money (TVM).
  • Chapter 3: Earnings and Income
    Explores the foundations of building wealth. Highlights human capital, job benefits, and self-employment income.
  • Chapter 4: Personal Taxation
    Breaks down the fundamentals of the tax system. Teaches readers how taxes impact take-home pay and overall financial decisions.
  • Chapter 5: Checking Accounts, Credit Scores, and Credit Cards
    Addresses everyday banking and consumer credit. Explains credit health metrics and how to manage revolving credit responsibly.
  • Chapter 6: Loans and Housing Decisions
    Deals with major consumer borrowing decisions. Guides readers through vehicle loans, student debt, and evaluating rent-versus-buy housing choices.
  • Chapter 7: The Foundation of Savings
    Emphasizes building reliable liquidity. Highlights short-term safety nets, cash management vehicles, and emergency funds.
  • Chapter 8: Investments
    Demystifies active wealth accumulation. Teaches asset classes like stocks and bonds, market volatility, and long-term diversification.
  • Chapter 9: Risk Management: The Role of Insurance
    Focuses on asset protection. Covers the mechanics of health, auto, home, and life insurance policies.
  • Chapter 10: Planning for the Long-Term Future
    Concludes with wealth preservation and longevity. Explores tax-advantaged retirement accounts and end-of-life directives.

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