Overview

FINANCIAL INDEPENDENCE SHOULD BE EVERY ENTREPRENEUR’S GOAL, BUT HOW DO YOU DEFINE IT – AND ACHIEVE IT? If you find it hard to make time for decisions about your personal finances while running a business or don’t know where to begin, this book will help you take control and get started today. It will enable you to: • Discover how to plan for your financial future • Calculate how much money you’ll need to become financially independent • Learn how to make better financial decisions • Understand compound returns and how to use them to your advantage • Realise how your business and personal finances must work together

Full Product Details

Author:   James Woodfall
Publisher:   Rethink Press
Imprint:   Rethink Press
Dimensions:   Width: 14.00cm , Height: 1.10cm , Length: 21.60cm
Weight:   0.255kg
ISBN:  

9781781334836

ISBN 10:   1781334838
Pages:   182
Publication Date:   05 November 2020
Audience:   General/trade ,  Professional and scholarly ,  General ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   In Print  
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Table of Contents

Introduction 1 How To Define Purpose What gives you fulfilment and meaning? Ikigai - your reason to get up in the morning Life planning 2 How Do You Think About Money? Financial Literacy How much money do you need for the rest of your life? Why financial independence should be every entrepreneur's goal 3 Starting To Plan Looking back Plans change; be flexible 4 Spend Less Than You Earn Save regularly Assets vs liabilities Plan for different phases of spending Experiences vs stuff 5 Behavioural Finance Heuristics Herd mentality Concentrations and diversification Anchoring Pound-cost averaging and value averaging 6 Compounding The rule of 72 Reinvest your dividends Remember costs and inflation Unsecured borrowing 7 How To Plan For Financial Independence Passive income The FIRE movement formula and its limitations Managing risks 8 Drawdown Strategies Setting an appropriate strategy Philanthropy 9 Selling Your Business What is your business worth? The business that runs without you Business aligned to personal goals 10 Taking Advice My approach Responsible consumption APPENDIX The Financial Plan References Acknowledgements The Author

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Author Information

James Woodfall is a successful Chartered Wealth Manager, business owner and executive coach. His holistic approach to personal financial planning is focused on enabling you to improve your own financial situation and live the life you want.

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