10 Steps to Financial Success: A Beginner's Guide to Saving and Investing

by W. Patrick Naylor

Book Overview

How to save and invest today for a secure financial tomorrow A sound financial plan is absolutely essential for reaching your long-term goals, whether you want to purchase a new home, pay for a child's college education, or create a retirement nest egg. In this invaluable new guide, investment advisor W. Patrick Naylor provides a 10-step, easy-to-follow savings and investing program that will help you build a secure financial future. A flexible system that can be tailored to your income and risk tolerance levels, this proven strategy shows how to: * Set short-, intermediate-, and long-term financial goals * Establish a budget based on fixed and variable expenses * Organize your banking for maximum benefit * Create a separate fund for unforeseen emergencies * Develop a 3-tiered investment strategy that includes mutual funds, dividend reinvestment programs (DRIPs), and individual growth stocks * Monitor your investments regularly by determining your net asset value (NAV)

• Format: Paperback
• Language: English
• ISBN: 0471175331
• ISBN13: 9780471175339
• Release Date: February 1997
• Publisher: Wiley
• Length: 272 Pages
• Weight: 1.10 lbs.
• Dimensions: 0.6" x 7.4" x 9.1"

Customer Reviews

Formula for Financial Indepencence

Following Dr. Naylor's step-by-step formula provides a solid foundation and framework for the creation of a sound lifelong financial plan. Written expressly for the uninitiated, this book will expand your personal finance knowledege base in hours! Unincombered with minimal technical jargon, this book cuts to the chase. Recommended without reservation!

Safe financial planning

This book delievers a sound financial plan. It's steps are concise and obtainable goals that will help to secure a firm financial base. It also has indexes that include companys with DRIP programs and others that you can buy directly from. It's definetly worth the price.

An excellent first step to financial freedom

This book provides the basic groundwork needed in order for almost anyone, regardless of financial circumstances, to begin formulating a serious saving and investment strategy. This book is highly suitable to the absolute beginner, educating readers on some of the best ways to begin participating in the market, such as DRIP programs, mutual funds and "buy and hold" strategies. This book will help readers quickly accumulate sound investment knowledge and well prepare them for future study.This book should be required reading for anyone seeking to increase financial security through investing.

Clear, concise financial information and stratagies

Mr. Naylor strikes a chord with the financial novice. 10 Steps to Financial Success provides clear, concise explanations of financial investment vehicles available to investors in every income range. In addition to the expected discussion of these investment options, there is also a wealth of common sense stratagies that can be implemented by virtually everyone to organize monthly income and expenses.When followed faithfully, these techniques can help the reader develop an accurate financial profile. This in turn, supports realistic goal setting and ultimately promotes optimal financial growth.Inspite of the fairly dry nature of financial topics, Mr. Naylor does an admirable job of presenting the information in a vibrant manner. Complex issues are discussed in 'plain-english' and each chapter includes a review section that summarizes key learning points.There is quite possibly a better introductory financial text somewhere, but I haven't read it.