Promoting Better Lifetime Planning Through Financial Education

Author: Naoyuki Yoshino
Publisher: World Scientific
ISBN: 9814740039
Format: PDF
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' Surveys show that financial literacy levels are typically low around the world, despite the widening access to financial services and the increasing financial risks borne by households in many countries. This suggests that there will be mounting challenges for households and SMEs to invest wisely and effectively as societies age and governments shift away from defined benefit to defined contribution pension schemes. Individuals will increasingly have to make complex financial decisions to plan for their retirement and for a range of foreseen and unforeseen expenditures. All of these developments suggest that financial education should be part of a lifetime process that starts at an early age and is pursued throughout adulthood. The contributions in this book came from a symposium titled, Promoting Better Lifetime Planning through Financial Education, organized by the Asian Development Bank Institute, the Bank of Japan, the Japan Financial Services Agency, and the Organisation for Economic Co-operation and Development, held on 22–23 January 2015 in Tokyo. Amongst the topics discussed were: effective pension management, financial education curricula in schools, training for teachers of financial education, internationally comparable data on financial literacy and the evaluation of the effectiveness of financial education programs. There are also case studies on financial inclusion, regulation, and education in Indonesia, Pakistan, Philippines, Viet Nam, Thailand, and Japan. Contents: Opening Session:Welcoming Remarks (Takao Ochi and Rintaro Tamaki)Financial Education: What Can It Achieve? Research, Good Practices, and Evidence:Overview of International Good Practices and Effective Approaches to Financial Education (Flore-Anne Messy)Why is Financial Education Needed in Asia? (Naoyuki Yoshino, Peter J Morgan, and Ganeshan Wignaraja)New Zealand''s National Strategy for Financial Capability (David Boyle)Financial Education for Effective Pension Management: Challenges and Solutions:Findings from the OECD Survey on Financial Education for Retirement Saving (Adele Atkinson)Addressing the Challenges of Providing Effective Financial Education for Pension Management in the Russian Federation (Anna Zelentsova)Personal Pension Investments and the Role of Financial Literacy (Julie Agnew)The Role of Financial Education to Support Effective Pension Management in Australia (Miles Larbey)Target Audiences for Effective Financial Education:Overview of Financial Education in Japan (Ryoko Okazaki)Financial Education in Japan (Naoyuki Yoshino and Nobuyoshi Yamori)Financial Education Aimed at the Youth (College Students and Younger Employees) in Japan (Katsuyasu Suzuki)General Insurance Association of Japan (GIAJ) Financial Education Initiatives for the Younger Generation in Japan (Kazumasa Fukada)Financial Education for Elderly People in Japan (Hiroshi Ohata)Women and Financial Literacy (Miles Larbey)Financial Education in Japan: Challenges Presented by the Aging Population and Declining Birthrate (Kikuo Iwata)Financial Inclusion, Financial Regulation, and Financial Education in Asia:Financial Inclusion, Financial Regulation, and Financial Education in Asia: Case of Indonesia (Muliaman Hadad)Advancing Financial Inclusion through Financial Education in Pakistan (Saeed Ahmed)Save Now or Pay Later: A Philippine Perspective on Financial Inclusion and Education (Prudence Angelita A Kasala)Evaluation of Financial Literacy in Viet Nam and National Financial Education Program (Nguyen Vinh Hung)Promoting Access to Capital Markets by the SEC Thailand (Nichaya Kosolwongse) Readership: Intended for policy makers, financial market regulators, and academics researching financial literacy through a pedagogical pathway. Keywords:Financial Education;Financial Planning;Financial Regulation;Financial Regulation in Asia;Financial Inclusion;Financial Literacy'

A Good Financial Advisor Will Tell You

Author: Robert J. Luna
Publisher: Aviva Pub
ISBN: 9781935586494
Format: PDF, ePub, Docs
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- Have you ever wondered why investments always seem to go down after you buy them? - Are you overwhelmed by the number and complexity of investment choices? - Do you have a plan to create lifetime income from your investments, while preserving your principal? - Are you unsure how to find a good financial advisor and what to expect from one? In A Good Financial Advisor Will Tell You, authors Jeremy Kisner, CFP and Robert Luna, CIMA answer these common concerns and reveal what people really need to know to make better financial and investment decisions. Rather than write another boring book that explains stocks and mutual funds, the authors explore behavioral finance-the reasons why people make investing mistakes-and they teach readers how to avoid doing the same. Countless people amass small fortunes during their lifetimes only to squander them through inadequate planning and poor investments. We are all familiar with the celebrities who have lost it all. What is not reported in the press is how many middle class millionaires also lose it all. And an even larger number of people do not lose it all but could have left a legacy for generations if they had made better financial decisions. Most investors do not fare well precisely because they are human. Human beings are hard-wired to make decisions with their hearts or intuitions and then justify those decisions with logic. Greed and fear rule the day, but a better way exists that will allow investors to avoid mistakes and enjoy greater wealth and retirement income. After reading this book you will be a more educated investor and a better consumer of financial services.

Family Inc

Author: Douglas P. McCormick
Publisher: John Wiley & Sons
ISBN: 1119219760
Format: PDF, Docs
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Actionable, intelligent CFO training for the Chief Family Financial Officer Family Inc. is a roadmap to financial security for the family CFO. Too much personal wealth management advice essentially boils down to goal-setting, which isn't helpful or effective in terms of overall financial planning. This book takes a different track, giving you a crash course in corporate finance and the tools to apply the field's proven, time-tested principles in the context of your family's financial situation. You'll learn the key principles of wealth creation and management, and learn how to make your intellectual and real capital work for you. Your family situation is unique, and your principles must sometimes differ from the standard financial advice—and that's okay. Life is not a template, and even the best strategy must be able to adapt to real-life situations. You'll learn to chart your own path to financial security, utilizing the author's own tools that he developed over 15 years as an active board member, chairman of the board, or chief financial officer of multiple companies. Oversimplified wealth management advice does not leave you equipped to manage your real-world finances. This guide is written with intellectual rigor, but in the language of family discussion, to give you a real, practical guide to being an effective family CFO. Create your own financial prosperity and security Align financial acumen with your family's specific situation Adapt to real-world situations and make your financial advisor work for you Utilize powerful financial tools to help you build financial independence Every family needs a CFO to manage wealth, and the principles of corporate finance apply from the boardroom to the living room. Family Inc. delivers actionable advice in the form of CFO training to help you plot a real-world family financial plan.

Raising Financially Fit Kids

Author: Joline Godfrey
Publisher:
ISBN: 1607744082
Format: PDF, Mobi
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This combination parenting and personal finance book helps parents teach their children key money skills--such as saving, spending, budgeting, investing, building credit, and donating--that they'll need to become financially secure adults. Parents want their children to enjoy bright economic futures. But how do we equip the next generation with lifelong financial skills? In this updated edition of Raising Financially Fit Kids, Joline Godfrey shares knowledge gleaned from two decades of preparing children and families for financial independence and stewardship, philanthropic effectiveness, and meaningful economic lives. At the heart of the book are three big ideas: • Financial education is not just about the money; it's about building great families and raising self-confident kids who have the tools to realize their dreams. • Financial sustainability means living within one's means and acquiring skills to create and manage human and financial capital. • Giving wisely is a global citizen's responsibility. Designed for parents, grandparents, mentors, advisors, and educators, Raising Financially Fit Kids uses ten core money skills applied across five developmental life stages: children, tweens, middle schoolers, high schoolers, and twenty-somethings. Each stage includes age-appropriate activities that make financial fitness fun, from mall scavenger hunts to financial film festivals. In this global economic landscape, we all need financial fluency. Whether your child is five, fifteen, or twenty-five years old, it's never too late to teach financial literacy. Raising Financially Fit Kids prepares your children for the complexities of living in a global economy and helps your family up your game from good to great.

All Your Worth

Author: Elizabeth Warren
Publisher: Simon and Schuster
ISBN: 0743269888
Format: PDF, ePub, Mobi
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A guide to achieving financial stability and prosperity encourages new ways to think about and manage money, discussing such topics as balancing a budget, planning for entertainment, and getting out of debt.

Pound Foolish

Author: Helaine Olen
Publisher: Portfolio
ISBN: 159184679X
Format: PDF, ePub
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Describes how a financial column assignment revealed to the author the unethical machinations of the multi-billion-dollar personal finance industry and its false promises of quick and easy wealth, explaining how everyday investors are routinely misled by self-proclaimed money experts who exploit clients to increase their own wealth.

Common Financial Sense Simple Strategies for Successful 401 k 403 b Retirement Plan Investing

Author: Harris Nydick Cfp(r)
Publisher: Lioncrest Publishing
ISBN: 9781544510293
Format: PDF, Mobi
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The decisions you make about your 401(k) or 403(b) plan today will have a huge impact on your life tomorrow. Your future isn't going to pay for itself. Common Financial Sense will give you the knowledge you need to fund the retirement you deserve. Common Financial Sense helps you to better understand your 401(k) or 403(b) plan and how to save smarter for your retirement. Common Financial Sense lays out the basics of 401(k) and 403(b) planning in simple, easy to understand language. With the guidance of nationally recognized investment experts Harris Nydick and Greg Makowski, you'll learn how to: Choose the investments best suited for you Make other important choices that are appropriate to your stage of life Identify common misconceptions about retirement planning Calculate the optimum amount to save each year Be calm in the face of market fluctuations Get to retirement with a large enough nest egg When it comes to investing for your future, many people don't even know where to begin or what questions to ask. Common Financial Sense is your starting point.

MONEY Master the Game

Author: Tony Robbins
Publisher: Simon and Schuster
ISBN: 1476757879
Format: PDF, Kindle
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In his first book in two decades, Anthony Robbins turns to the topic that vexes us all: How to secure financial freedom for ourselves and for our families. “If there were a Pulitzer Prize for investment books, this one would win, hands down” (Forbes.com). Tony Robbins is one of the most revered writers and thinkers of our time. People from all over the world—from the disadvantaged to the well-heeled, from twenty-somethings to retirees—credit him for giving them the inspiration and the tools for transforming their lives. From diet and fitness, to business and leadership, to relationships and self-respect, Tony Robbins’s books have changed people in profound and lasting ways. Now, for the first time, he has assembled an invaluable “distillation of just about every good personal finance idea of the last forty years” (The New York Times). Based on extensive research and interviews with some of the most legendary investors at work today (John Bogle, Warren Buffett, Paul Tudor Jones, Ray Dalio, Carl Icahn, and many others), Tony Robbins has created a 7-step blueprint for securing financial freedom. With advice about taking control of your financial decisions, to setting up a savings and investing plan, to destroying myths about what it takes to save and invest, to setting up a “lifetime income plan,” the book brims with advice and practices for making the financial game not only winnable—but providing financial freedom for the rest of your life. “Put MONEY on your short list of new books to read…It’s that good” (Marketwatch.com).

Sudden Money

Author: Susan Bradley
Publisher: John Wiley & Sons
ISBN: 9780471380863
Format: PDF
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This informative and helpful manual outlines a complete program for successfully managing money from an unexpected windfall.