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Money Mentor: What You Should Know About Money
Money Mentor: What You Should Know About Money
Money Mentor: What You Should Know About Money
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Money Mentor: What You Should Know About Money

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About this ebook

Money Mentor contains the important information many young people were never taught about money. It is a book ideal for parents to give to graduates, or even to use to improve their own money habits.

Readers learn about how to earn, save, spend and invest money to their advantage. This book is for all parents and children who want to understand how money can work to their benefit. It explains money relationships, budgeting, and about bills and creditors, how to fix money problems and deal with debt.

This eBook contains a comprehensive and detailed look at money and how to better use it. No matter how hard things are financially, it is never too late to learn and never too late to start over. Now, adult children have a comprehensive reference for answers about all they feel they never were taught about money.

Nothing is worse for a parent than to have an adult child complain they were never taught about money when they get stuck in financial difficulties. This eBook includes a broad look at money and how to earn it, save it, spend it and invest it. It is basic but thorough information written in a friendly and understandable manner.

The author composed this eBook for her own children and grandchildren to use, in hopes they will learn better money management skills than she herself had learned. It contains information gathered over a lifetime of spending, running up debt, bankruptcy and recovery.

This eBook can be marketed as an ideal graduation gift for any high school or college student. At the same time, parents who are struggling will also find the information useful.

LanguageEnglish
Release dateMay 31, 2012
ISBN9781476099507
Money Mentor: What You Should Know About Money
Author

Linda Carol Everett

Linda Carol Everett has been a professional copywriter for over four decades. She has worked in media sales, writing and photography at radio, tv stations and at advertising agencies, in addition to running several websites. She has been successfully writing online web content for many years, including SEO projects for clients worldwide. She is a certified Paralegal.Her article writing can be viewed at: http://www.grandmaslittleblackbook.com.In past years, Linda was writer/photographer for two versions of Windsor Publications Newcomers Guide to Ingham, Eaton, and Clinton Counties. For ad agencies, she has contributed writing and photographic skllls to a variety of client orders, for national companies as well as local businesses. One of her first radio copywriting jobs was for a then fledgling pizza business in East Lansing, MI, Domino's Pizza.Most recently, Linda has been writing web content articles for several online text service companies. She has successfully sold over 10,000 web content articles in the past four years, and sells eBooks for freelancers and others on her website. She has 23 eBooks for sale online.Linda graduated from Michigan State University with a B.A. in Communication Arts, in 1972. She completed certification as a Paralegal in 2004.

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    Book preview

    Money Mentor - Linda Carol Everett

    Money Mentor-Money Management

    Smashwords Edition, License Notes

    This ebook is licensed for your personal enjoyment only. This ebook may not be re-sold or given away to other people. If you would like to share this book with another person, please purchase an additional copy for each recipient. If you’re reading this book and did not purchase it, or it was not purchased for your use only, then please return to Smashwords.com and purchase your own copy. Thank you for respecting the hard work of this author.

    No man's credit is ever as good as his money - Edgar Watson Howe

    -*-

    Money Mentor- Money Management eBook – 2012

    By Linda Carol Everett

    Nothing hurts a parent’s pride more than having an adult son or daughter complain that you never taught them about money. Now that they are in financial difficulty, the chickens are home to roost. Perhaps they are in over their head on many debts, or even to the sad point of declaring bankruptcy.

    No matter how hard things are financially, it is never too late to learn and never too late to start over. Now, adult children have this eBook as a comprehensive reference for answers about all they feel they never were taught about money. There no longer is any excuse to claim you do not understand money, how to use money or how to save money.

    Parents should read this eBook and pass it along to their children so they can also learn. Children, you might even want to recommend this eBook to your parents; it is never too late to learn about money and how to use it.

    Money, properly earned, saved, invested and used can be a source of financial peace of mind. This is especially important today, as economic worries mount and the future looks dismal for many. It may seem that the old ways no longer work, but actually they still are the best chance for securing a financial future and having peace of mind today. Living debt free is an amazing and worthy goal; only a few accomplish it, but that should be one of the top goals set out on any financial plan for any age person.

    Look over the table of contents and find what interests you most. Read that section first, or go through everything step by step. Be sure to read all the information and, by the time you finish this eBook, you should have a firm grasp on knowledge about money and how to use it. Read it all!

    Children and young adults This is the knowledge you need but may not have been taught yet.

    Parents This is the knowledge you should be passing along to your children, and please, use it yourself.

    Thomas Tusser (1524 – 3 May 1580) was an English poet and farmer, best known for his instructional poem Five Hundred Points of Good Husbandry, published in 1557. It contains the lines

    A foole and his monie be soone at debate,

    which after with sorrow repents him too late.

    That is an early version of the proverb: A fool and his money are soon parted.

    -*-

    TABLE OF CONTENTS:

    PART ONE

    Things you never were taught about money and how to use it - Definitions

    Earning Money

    Saving Money

    Goal Setting

    Investment

    Company/Business

    Property

    Financial

    Stocks, Bonds, Mutual Funds, ETFs

    Protection

    Growth

    Interest

    Direct Income

    Residual income

    Barter

    Buying

    Discounts

    Banking & Accounting

    Inheritance (Trusts, Funds, Other People’s Money)

    Trouble – Solutions

    Recovery from Mistakes

    Taxes

    PART TWO

    What most parents teach their kids about money – Zero

    PART THREE

    What children should know about money relationships

    Money & Work

    Money & Savings

    Money and Bills

    Money & Interest

    Money & Relationships

    PART FOUR

    What young children need to know about money

    What older children need to know about money

    What adult children need to know about money

    Mom & Dad’s $$$ - & more

    What parents should know about their children and money

    Role Model

    Behavior reinforcement

    Budgeting

    Responsibilities (bills)

    PART FIVE

    What parents should teach their children

    How to Get Money

    How to Budget, Plan and Set Goals

    How to Save Money

    How to Use Savings to Purchase Big Ticket Items

    Gifts to others

    Sharing/Donating

    How Savings Grow with Compound Interest

    Borrowing Pros and Cons

    Banking functions:

    Safe place for $$

    Grow Savings

    Loans

    Interest

    Checking Accounts

    Saving Accounts

    Stocks/Bonds

    Long Term Planning

    Value of Money

    Purchasing

    Security

    Self-Image

    Stability

    Economy

    Alternatives to Money

    Investments

    Financial

    Education

    Personal

    Real Estate

    Insurance

    Safe Places to Keep Money

    Money Market Accounts

    Stocks/Bonds

    Banks

    Credit Unions

    Savings & Loans

    Precious Metals

    Foreign Currency

    Saving/Making Money

    Discounts

    Coupons

    Trade/Barter

    Online Money Making

    Auctions

    Lists

    Freelance Income

    Websites

    Direct Deposit/Withdrawal

    Identity Theft

    Safeguarding Information

    Protecting Social Security Number

    Internet Use

    Bankruptcy

    Collections

    Debt Management

    Debt Reorganization/Renegotiation

    Payday Loans

    Bills

    Due Dates

    Interest

    Payments

    Credit

    Credit Records

    Credit History

    Credit Score

    Credit Reporting Agencies

    Free Credit Reports

    Credit Repair

    Consolidation

    Debt Management Programs and Companies

    Creditors

    Collection

    Harassment

    Protection by Law

    Legal Alternatives

    Attorneys

    Small Claims

    Lawsuits

    PART SIX

    Tips/Conclusion

    It’s Only Money

    Money People

    Reference Books & Websites

    Scams

    Common Sense

    Brother Edward’s Smart Shopping Tips

    Final Thoughts - Quotes

    We are what we repeatedly do. Excellence, then, is not an act but a habit. - Aristotle

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