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Personal Finance Essentials You Always Wanted to Know

Personal Finance Essentials You Always Wanted to Know

Name: Personal Finance Essentials You Always Wanted to Know
SKU: 9781636511849
Price: 490.00 INR
Availability: InStock
Rating: 4.69 (26 reviews)

A Practical Guide to Budgeting, Investing, Retirement Planning, Home Ownership, and Taxation

★★★★★ (4.8/5) Rated by 1,200+ Readers

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Description

Personal Finance Essentials You Always Wanted to Know is a guide that will help you understand money and manage it like a pro.

Do you break out into a sweat at the mention of the word ‘financial planning?’ Do you often struggle with meeting your expenses? Do you worry about the future and ensuring your financial stability? And is the time for filing tax returns stressful for you?

Countless others go through the same experience, but it need not be this way.

This book answers all your pressing questions about finance and many more. It makes an effort to remove the fear that is often associated with the subject of finance by offering all the essentials in a conversational manner to engage the readers. Packed with fun facts and quizzes, it tackles subjects that constitute the world of personal finance which everyone has to deal with, whether we like it or not. With the help of this book, you will:

Learn how to budget, save, and invest for your future.
Get an overview of home ownership, taxation, insurance, and retirement planning.
Calculate your income, expenses, and budget using practical templates.
Become better at managing your finances.

Personal Finance Essentials is a ready reckoner for individuals who would like to know more but do not know where to start. It could be you and me, or students beginning a course in Finance, or youngsters exploring different lines of education and career. It could also be an organization attempting to help employees understand money management. This book has something for everyone.

It is a part of the Self-Learning Management Series designed to help students, managers, career switchers, and entrepreneurs learn essential management lessons.

Bibliographic Details

Pages : 222 pages

Paperback (ISBN): 9781636511849

Hardback (Color): 9781636511863

Trim Size: 5.5” x 8.5”

Category: Business & Economics

Author: Ankur Mithal, Vibrant Publishers

Table of Contents

1. Introduction to Personal Finance

1.1 Introduction to Finance

1.2 What is Money?

1.3 History of Money

1.4 The Value of Money

1.5 Currency/Foreign Currency

1.6 Personal Finance, Corporate Finance, and Public
Finance

1.7 Factors That Affect Personal Financial Concerns

Quiz

Chapter Summary

2. Important Financial Concepts

2.1 Income and Expense

2.2 Income and Expense Statement

2.3 Cash Flow Statement

2.4 Asset and Liability

2.5 Net Worth

2.6 Time Value of Money

2.7 Compounding

Quiz

Chapter Summary

3. Budgeting

3.1 The Importance of Planning

3.2 Introduction to a Budget

3.3 Principles of Good Budgeting

3.4 Common Budgeting Methods

3.5 Creating a Budget

3.6 Contingency Planning

Quiz

Chapter Summary

4. Banking

4.1 Introduction to Banking

4.2 Types of Banks

4.3 Types of Accounts

4.4 Lending Facilities

4.5 Other Banking Services

Quiz

Chapter Summary

5. Borrowing

5.1 Introduction to Borrowing

5.2 Credit Risk

5.3 Consumer Reporting Agencies

5.4 Credit Score

5.5 Why Should You Check Your Credit Report?

5.6 Types of Borrowing

5.7 Protection and Safeguards for Borrowers

Quiz

Chapter Summary

6. Home Ownership

6.1 The Importance of a Home

6.2 Buy or Rent

6.3 Mortgage Loans

6.4 Types of Mortgage Loans

6.5 The Mortgage Loan Process

6.6 Mortgage Calculator

6.7 Factors Affecting Interest Rate

Quiz

Chapter Summary

7. Investing

7.1 Introduction to Investing

7.2 Investing Fundamentals

7.3 Common Financial Investment Avenues

Quiz

Chapter Summary

8. Insurance

8.1 Introduction to Insurance

8.2 Principles Underlying Insurance Contracts

8.3 Types of Insurance

8.4 Pricing of Insurance

Quiz

Chapter Summary

9. Taxation

9.1 The Case for Taxation

9.2 Income Tax

9.3 Other Major Taxes

Quiz

Chapter Summary

10. Retirement Planning

10.1 Historical Perspective On Retirement

10.2 Retirement and Life Expectancy

10.3 The Sources of Retirement Security

10.4 Estate Planning and Creating a Will

10.5 Planning for Retirement

Quiz

Chapter Summary

Author

Ankur Mithal is a widely experienced business professional. In over 15 years with Standard Chartered Bank, he worked in Sales, Project Management as well as Operations, operating out of Kolkata, Delhi, Hong Kong, Mumbai, and Singapore. He was involved in a number of improvement interventions in the BPO industry that straddled the disciplines of Organizational Development as well as Quality which created interest and enabled him to learn about them. He is also the author of Organizational Development Essentials by Vibrant Publishers.

Vibrant Publishers is focused on presenting the best texts for learning about technology and business as well as books for test preparation. Categories include programming, operating systems and other texts focused on IT. In addition, a series of books helps professionals in their own disciplines learn the business skills needed in their professional growth.

Vibrant Publishers has a standardized test preparation series covering the GMAT, GRE and SAT, providing ample study and practice material in a simple and well organized format, helping students get closer to their dream universities.

Series

The Self-Learning Management Series is designed to help students, new managers, career switchers, and entrepreneurs learn essential management lessons and covers every aspect of business, from HR to Finance to Marketing to Operations across any and every industry. Each book includes basic fundamentals, important concepts, and standard and well-known principles as well as practical ways of application of the subject matter.

Editorial Reviews

Personal Finance Essentials You Always Wanted To Know is an introductory source for those wanting to learn basic personal finance concepts. I often find that personal finance books either over-complicate or over-promise the benefits to the reader. However, this work does an effective job of bridging the gap between practice and theory by only emphasizing the essential components of both. By exposing the reader to a broad range of important concepts, this book is an appropriate starting point for those needing a framework to understand the importance and application of personal finance concepts within their own life.
-- James Meersman, Assistant Professor, Juniata College

Ankur Mithal's Personal Finance Essentials You Always Wanted to Know provides a thorough overview of personal finance topics for the novice and others who want to backfill holes in their knowledge.

I'm pretty savvy on many of the topics discussed in this book, but still, Mithal managed to surprise me with facts I didn't know. The book is written in layperson language, making it easy to understand and consume. I didn’t have to look up words or memorize ideas to figure out what Mithal was saying. He kept it so simple that each topic organically grew from prior ones. Each chapter includes a chapter summary and a quick quiz to review essential topics and remind readers of the important elements. I’m not a fan of quizzes but in this case, it serves the serious student well to confirm their knowledge base for the upcoming chapters.

Overall, this is recommended to those with an interest in money and personal finance who might consider these topics too complicated."
-- Jacqui M, Author and Adjunct Professor, California State University and University of California San Diego

Personal Finance Essentials is a comprehensive guide that provides readers with a solid foundation in the realm of personal finance. The book's structure is well thought out, making it accessible to individuals at various stages of their financial journey, from beginners to seasoned practitioners.

What sets this book apart is its ability to break down the often intimidating world of taxes, helping readers understand the distinctions between different tax types and their respective responsibilities. One of the book's highlights is its treatment of retirement planning, a subject that holds immense significance for many readers. Each chapter's conclusion is marked by a well-crafted summary that elegantly ties together the key points discussed, serving as a valuable reference for readers. Additionally, the inclusion of quizzes at the end of each chapter enhances the learning experience, ensuring that readers absorb and retain the material effectively.

In sum, this book is a must-read for anyone seeking to navigate the complex world of personal finance. Written by an experienced professional, it caters to a broad audience, making it equally beneficial for those taking their first steps in financial planning and those looking to refine their existing knowledge and skills.
-- Arkadiusz Mironko, Associate Professor of Management and Entrepreneurship Indiana University East

I received a complimentary copy from the publisher and all opinions expressed are my own.

This is a personal finance book and ideal for beginners it tackles budgeting, saving and investments, Some of the things written in the book did not relate to me but it was quite an interesting read. The author included templates that made the book quite an interesting read.
-- Ancillar Grace
Net galley reviewer

Supplemental Resources

Online Resources

Instructor Resources

"Personal Finance Essentials You Always Wanted to Know" by Ankur Mithal is a comprehensive guide to managing personal finances effectively.

The book is divided into 10 sections, covering a wide range of topics including an introduction to personal finance and financial concepts, budgeting, banking, borrowing, home ownership, investing, savings, insurance, taxation, retirement planning, and more.

This book aims to educate readers about personal finance and raise awareness about the various financial opportunities available.

To enhance understanding, the book includes examples, tables, and quizzes with answer keys, making each concept easier to grasp. Additionally, a summary is provided at the end of each chapter. The language used is simple and accessible, ensuring that readers can easily comprehend the concepts.

It is highly recommended for anyone interested in learning about personal finance, especially students looking to strengthen their understanding and clear their concepts.

Good guide for perosnal finance.

This book is a must-read for anyone interested in mastering personal finance. The clear explanations and practical tips make it an invaluable resource for managing money effectively. It covers a wide range of topics, from budgeting to investing, and is written in an engaging and accessible style.

This book is an excellent resource for understanding and improving personal finance management. The authors approach is straightforward and practical, making complex financial topics easy to grasp. Its a valuable guide for anyone aiming to enhance their financial literacy.

Personal Finance Essentials You Always Wanted to Know provides a thorough overview of personal finance principles. The book is well-organized and includes practical advice that is easy to implement. Its a great tool for both beginners and those looking to refine their financial strategies.

Personal Finance Essentials You Always Wanted to Know is an informative and practical guide for managing personal finances. The book covers essential topics with clarity and provides actionable advice that is easy to follow. Its an essential read for anyone looking to make better financial decisions.

Personal Finance Essentials You Always Wanted to Know is a comprehensive guide that breaks down financial concepts into easy-to-understand terms. Whether you're new to managing finances or looking to improve your financial habits, this book offers practical advice and actionable steps. Highly recommended for anyone wanting to take control of their financial future.

Personal Finance Essentials is a very informative book. The content is well-organized and covers all the key aspects of personal finance. It's a great reference for making better financial decisions.

This book is a must-read for anyone wanting to get a grip on their personal finances. The explanations are clear and the tips are very practical. It's been a valuable resource for me.

Personal Finance Essentials is a fantastic guide for managing personal finances. The content is clear, practical, and very easy to follow. It has helped me a lot in organizing my finances.

I found Personal Finance Essentials to be extremely useful. The real-life examples and practical advice make it easy to apply the concepts to everyday financial decisions. Highly recommended!

This book offers comprehensive insights into personal finance. It breaks down complex concepts into simple, actionable steps. A great resource for anyone looking to improve their financial literacy.

Complex financial info made simple. Pick this up ASAP!

Book title and author: Personal Finance Essentials You Always Wanted to Know (Self-Learning Management Series) by Ankur Mithal reviewed 3-27-24

Why I picked this book up: I won this in the LT, January 2024 early review batch. It allowed for 8 weeks to get the electronic book sent to me. I had difficulty opening to read and Vibrant Publishers helped me get access to this wonderful book.

Thoughts: as a child I was taught to go to school, get a good job, put money in the bank,not to spend more than I make, take fun vacations and provide for my family without much more than those. Reading this book slapped me across the face and I now see I miss out on vital information.

This amazing, simple, concise book covers:
- Personal finance basics - such as income and expense, asset and liability, and financial statements
- Budgeting and making a financial plan for the future
- Banking - types of accounts and facilities
- Investment choices and fundamentals of investing
- Borrowing - types of credit, credit risk, credit score
- Home - buy or rent decision, mortgage loans
- Insurance - life, car, home, health
- Taxation - income, property, sales, etc.
- Retirement and estate planning

Chapter 2:
This chapter will explain some of the key concepts in finance, an understanding of which helps in understanding and managing it better.
- Income and expense
- Income statement
- Cash flow statement
Every subject has a language that is unique to it in many ways. There are words and phrases that hold a defined meaning and relevance when used in the context of ublishersLLC
the subject. An understanding of the commonly used terms and phrases becomes a prerequisite in ensuring that readers or review purpos
of a text reach similar understanding and conclusions. Finance is no different.
This chapter will explain some of the key concepts in finance, an understanding of which helps in understanding and managing it better.
The concepts covered are:
Personal Finance Essentials You Always Wanted To Know
- Asset and liability
- Net worth
- Time value of money
- Compounding

Chapter 3: Budgeting and planning
Chapter 4: Banking
Chapter 5: Borrowing
Chapter 6: Home Ownership
Chapter 7: Investing
Chapter 8: Insurance
Chapter 9: Taxation
Chapter 10: Retirement Planning

Why I finished this read: From page one, this great Self-Learning Management Series designed to help students, managers, career switchers, and entrepreneurs learn essential management lessons was top of rate. It had a lot of learning with fantastic and realistic ways of teaching complex financial basics broken down into very simple ways.

Stars rating: 5 of 5 stars! I highly recommend buying this book! I am learning to teach my offspring this important information.

Good financial basics in layspeak

Ankur Mithal's Personal Finance Essentials You Always Wanted to Know (Vibrant Publishers 2023) provides a thorough overview of personal finance topics for the novice and others who want to backfill holes in their knowledge. Topics include:

Important Financial Concepts
Budgeting
Banking\Borrowing
Home Ownership
Investing
Insurance
Taxation
Retirement Planning

I'm pretty savvy on many of these topics, but still, Mithal managed to surprise me with a facts I didn't know--

"Fun fact Well-known investor Warren Buffet is understood to have started his investing journey at the age of 11 when he bought 6 shares of Cities Service preferred stock-three each for his sister Doris and himself, at $38 per share, eventually selling them for $40. When asked if he had any regrets about having started out at the age of 11, Buffet's response was that he wished he had started out earlier, presumably hinting at the time value of money and the opportunity he lost by not having done so."

The book is written in layperson language making it easy to understand and consume. I didn't have to look up words or memorize ideas to figure out what Mithal was saying. He kept it simple enough that each topic organically grew from prior ones. Chapters are delineated into essential items, key principles, and topics readers should expect to understand by the time they finish the book. Each chapter includes a chapter summary and a quick quiz to review essential topics and remind readers of the important elements. I'm not a fan of quizzes but in this case, it serves the serious student well to confirm their knowledge base for the upcoming chapters.

Overall, this is recommended to those with an interest in money and personal finance who might consider those topics too complicated or over their heads. With this book in hand, they aren't.

Overview of personal finance topics

Firstly, thanks to the publisher for delivering the book with amazing packaging.

This book is really good for beginners who want to learn basics of personal finance. The concepts covered in the book are really wholesome and to the point.

Recommended ?

Must Read

Personal Finance Essentials is a well-written book with an intention to guide and familiarise readers with different levels of authority, leadership effectiveness, managerial effectiveness, decision making and many more. Divided into eighteen chapters, this book serves as a most valuable resource that makes complex financial concepts easy to understand. The author did a remarkable job by covering a wide array of topics which includes - management types, planning, leading, managerial traits, leader traits, types of budgets and many more. This book is a game changer, designed to empower individuals to master personal finance. Each chapter is quite informative and engaging, making it a valuable resource for anyone who want to transform their financial habits. Overall, it is a kind of well researched book for anyone looking to build financial literacy.