Advanced Financial Education from scratch: Learn how to manage your money to transform your life

About this book

Learning how to manage your own money is one of the things that will most and best transform your life in every way and permanent way . Financial education is one of the most important issues, yet it is ignored by most of the population. Managing money is something that absolutely everyone , without exception, will have to do throughout their lives . Not only is it impossible to live without managing money, but the way it is managed is one of the things that most determines a person's life , for better or worse, in every way. Money is not an end in itself, but a means to be able to live the life one wishes to live . No previous knowledge is necessary to understand everything I explain in the book because I detail all the concepts step by step and with explanatory examples , up to a very advanced level.Summary Table of CHAPTER 1. THE PERSONAL LIFE PROJECT IS THE ROOT OF EVERYTHINGSome examples of personal projectsAnalyze your current lifeDefine your long-term goalsMake the determination to transform your current life into the life you want to liveEveryone has more control over their lives than most people think they doIt benefits the rest of humanity if you increase your wealthLive YOUR life, not other people's livesLive like the real richWhat is financial independence?CHAPTER 2. WHAT ARE MONEY AND WEALTH?Don't think about accumulating money, but wealth or assetsMain forms or states of wealthBanknotes and coinsCurrent accountsInterest-bearing accounts and fixed-term depositsFixed-income securitiesReal estate as an investmentComparison between rents and dividendsShares listed on the stock exchangeUnlisted SharesOwn companiesArtNumismatics and PhilatelyCollectingRaw materialsPrecious metalsCHAPTER 3. INVESTING IN FIXED INCOMEThe great fixed income advantageThe big disadvantage of fixed incomeSo, is fixed income fair?What if the circumstances are not normal?Why you can't live off the fixed-income incomeAnd why does the stock market allow us to live on income?CHAPTER 4. INVESTING IN REAL ESTATEIntervention or liberalisation of the landWho benefits from land intervention?And who would benefit from land liberalisation?The real estate bubble that began to burst in 2007Example of an intervened market that was liberalised; automobilesThe role of investors in house pricesThe benefit of one generation is the detriment of the next generationHas investment in housing been as profitable in the past as is often thought?Real estate investment strategiesThe habitual residenceCHAPTER 5. INVESTING IN ARTLong-term profitability of artWhy do you always lose at the beginning when investing in art?Where to buy and sell artThe buyerr's and seller's point of viewCHAPTER 6. DEBTSGood debts and bad debtsHow to eliminate your debtsThe ruin of almost everyone who goes bankruptCHAPTER 7. THE SIMPLE KEYS TO BUILDING A PATRIMONYThe most important key of allThe power of compound interestCHAPTER 8. THINK LIKE A COMPANYKnowing, measuring and improving our situationThe balance sheetThe income statementThe budgetDetermine what your primary investment isDiversify, but know what you doThe importance of stable incomesCHAPTER 9. THE RIGHT PSYCHOLOGY IS ESSENTIALHaving the feeling of having started lateThe importance of thinking long term, because the long term always comesDon't save money for when things go badDoes he who spends the most live the best?Never making ends meetInvesting is too difficultNo matter how much you hesitate, you have to start at some pointEtc.