P.O. Box 6287, Grand Rapids, MI 49516-6287
All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any meansfor example, electronic, photocopy, recordingwithout the prior written permission of the publisher. The only exception is brief quotations in printed reviews.
Library of Congress Cataloging-in-Publication Data is on file at the Library of Congress, Washington, DC.
Author is represented by WordServe Literary Group, www.wordserveliterary.com.
Some names and details have been changed to protect the privacy of the individuals.
Endorsements
The problem with so much personal finance advice is that its unnecessarily complicated, often with the goal of selling you things you dont need. Tim Maurer never plays that game. His straightforward, candid, andyessimple prescriptions are always right on target.
Jean Chatzky , financial editor of NBCs Today Show
Finally, a personal finance book that isnt only about how to improve your financial situation for the sake of just making more money; instead, Simple Money is ultimately about how to live a more fulfilling life, and provides the financial education, along with simple (and practical!) money tools and techniques you can use to help you get there.
Michael Kitces , director of financial planning at Pinnacle Advisory Group; publisher of Nerds Eye View financial planning industry blog
Amen! Amen! Amen! Simplicity is a gift... and this book offers it by the truckload!
Carl Richards , New York Times columnist; author of The One- Page Financial Plan; director of investor education at the BAM Alliance
Once again, Tim takes us by the hand and leads us through the complicated world of personal finance. Reading this book is like having your own personal financial advisora great onesitting on your shoulder, helping you make difficult decisions. From setting goals to investing to preparing for retirement, Tim shows us the way to financial prosperity.
Kimberly Palmer , senior money editor at U.S. News & World Report ; author of The Economy of You
Some books teach you about money, and others help you find your purpose. Simple Money is the rare, honest book that tackles the intersection between them. You cant manage your money without thinking about your lifeand the system that Tim proposes can make a radical difference in both.
Chris Guillebeau , New York Times bestselling author of The $ Startup and The Happiness of Pursuit
If youve ever had the urge to throw up your hands and yell Enough! when thinking about your finances, you are on to something, and Simple Money will help you find it.
In Simple Money , financial expert Tim Maurer teaches us how to literally redefine wealth in a way that will both honor your life values and priorities while simultaneously reducing your stress. Maurers innovative Enough Index helps you identify where you are today, financially speaking, while also giving you a clear framework for knowing what needs to change to nourish your financial life going forward.
By the time you finish reading Simple Money you will know how to serve as your households CFO. Whether its maximizing current cash flow, investing hard-earned savings, planning for educational expenses or retirement, crafting your estate plan, or protecting your household with appropriate insurance, Maurer tells you not only what to do but why it will improve your life.
And for those of us who love to be given clear, concise checklists, Simple Money contains a powerful top-ten list of what to do with incremental discretionary income to get yourself and your family on solid financial footing. This delightful guide will leave you with fresh financial insights, clear action steps, and a refreshingly frank discussing of how to find just the right financial professional to assist you in making the most of your hard-earned money.
Simple Money provides a unique, heartfelt road map to understanding what Enough means in your financial life and shows you how to build a life of contentment and financial security around that blissful feeling.
Manisha Thakor , CFA, director of Wealth Strategies for Women; writer for The Wall Street Journal
Throughout Simple Money , author Tim Maurer reminds us that personal finance is more personal than it is finance. His easy-to-understand guidebook not only explains how to strengthen all aspects of our financial lives, but wisely insists that the place to start is by reflecting on and clarifying what is truly most important in our lives. As he explains, Understanding what you value most will help simplify even the most complex financial decisions. As a result, I highly recommend Simple Money as a tool for increasing both financial success and life satisfaction.
Carol Anderson , Money Quotient
The desire to live simply and fulfilled is the key to a life well lived. Tim Maurer brings inspiration and clarity to the concept of identifying core life goals and structuring the simplest and best financial architecture to accomplish them. His edict that finance is personal is spot on. If you do the hard but gratifying work of truly knowing yourself, your financial decisions will be informed and sensible. There is also a wealth of practical how-to steps on choosing simple, appropriate investment vehicles to support the life of ones dreams.
George Kinder , author of Life Planning for You
Dedication
For my sons, Kieran and ConnorI hope the many financial decisions that await you will be made simple because your paths in life have been made clear.
Contents
Cover
Title Page
Copyright Page
Endorsements
Dedication
START HERE
Part 1: Planning for Life
1. Enough: Redeeming Wealth
2. Values: Three Questions to Guide You
3. Riding the Elephant: Unconventional Goal Setting
4. Calling: Finding Life-Giving Work
5. Time: Investing Your Most Precious Commodity
Part 2: Planning for Today
6. Perspective: Where Do You Stand?
7. Essentials: Straight Talk on Savings and Debt
8. Financial Statements: Introducing Your New CFO
Part 3: Planning for the Inevitable
9. Investing: A Simple Portfolio Thats Beaten the Pros
10. Education: Getting Schooled
11. Retirement: The Wobbly Three-Legged Stool
13. Estate and Legacy: Cheating Death
Part 4: Planning for the Unexpected
14. Insurance: WARNING!
15. Life: Harder Than It Needs to Be
16. Disability Income: Protecting Your Largest Asset
17. Long-Term Care: When Im Sixty-Four
18. Home and Auto: Dont Overpay to Be Underinsured
Part 5: Planning for Action
19. The Top 10: Your Next Dollars Home
20. Behavior Management: Working with an Advisor
21. Simplicity: The One-Page Financial Plan
Acknowledgments
Notes
About the Author
Back Ads
Back Cover
Part 1
Planning for Life
Personal finance is more personal than it is finance.
Part 2
Planning for Today
The most important elements of personal finance are, thankfully, the simplestbut theyre not easy.
Part 3
Planning for the Inevitable
Planning for the future is made simpler by bringing it into the present.