Publisher's Synopsis
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)
