Kim's Book

Overview

Becoming a Successful Investor

How to Be the Family CFO: Four simple steps to put your financial house in order

How to Be the Family CFO is meant to be an easy-to-follow, easy-to-read guidebook to financial success. I use the lessons I learned and the processes I created as I first went from financial disaster to financial success myself and then from teaching and mentoring others to do the same as the backbone of the book.

Far from being preachy or condescending —t his book is meant to feel like you are sitting down with a knowledgeable friend over coffee. This is not theory either. I did it. This is how I did it. You can do it too.

Behind the Book - Podcast
  

Long version  Long version - (mp3 - 14.3 MB - 20:34)

Short version  Short version - (mp3 - 3.1 MB - 4:21)

Table of Contents

Introduction - read the Introduction to How to be the Family CFO
Skim the book - read a few pages from each chapter

  • Chapter 1 - What is a family CFO?
  • Chapter 2 - Why should I become a capable family CFO?

Step One - Plan Prudently

  • Chapter 3 - Create personal financial statements
  • Chapter 4 - Have a plan but don't over-plan
  • Chapter 5 - Plan now for the inevitable

Step Two - Save Prodigiously

  • Chapter 6 - Create a six-month emergency fund
  • Chapter 7 - Know the difference between good debt and bad debt
  • Chapter 8 - Take full advantage of tax-deferred retirement accounts
  • Chapter 9 - Save for retirement first, then your kids' college

Step Three - Invest Wisely

  • Chapter 10 - Determine your money's higher purpose
  • Chapter 11 - Know your strengths and weaknesses
  • Chapter 12 - Start early - slow and steady wins the race
  • Chapter 13 - Invest your own money
  • Chapter 14 - Create passive income
  • Chapter 15 - Control what you can; ignore the rest
  • Chapter 16 - Don't let the tax tail wag the investment dog
  • Chapter 17 - Ignore inflation at your peril

Step Four - Manage Risk

  • Chapter 18 - Know your greatest risk
  • Chapter 19 - Stay on top of your insurance
  • Chapter 20 - Take care of healthcare
  • Chapter 21 - Protect your identity
  • Chapter 22 - Manage your credit score
  • Chapter 23 - Get Started

Back Matter—Resources include more information on books, web sites, calculators, software and organizations mentioned in the book. End notes include full citations for all sources used in the writing of the book.

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Imagine having Kim as your financial success coach