Personal Finance: Turning Money into Wealth / Edition 7

by Arthur Keown

Overview

For introductory Personal Finance courses.

A Blueprint for Securing Your Financial Future

Personal Finance: Turning Money into Wealth empowers students to successfully make and carry out a plan for their financial future. By introducing the ten fundamental principles of personal finance in a way that leaves a lasting impression, this text offers students lifelong tools that will help them effectively cope with an ever-changing financial environment. The Seventh Edition has beenupdated to reflect recent changes in the world of personal finance, including new tax laws, the recent economic downturn, weakness in the labor markets, the introduction of the Affordable Care Act, the explosion of student loans, and the rise of credit card debt.

NOTE: You are purchasing a standalone product; MyFinanceLab does not come packaged with this content. If you would like to purchase both the physical text and MyFinanceLab search for 0133973425 / 9780133973426Personal Finance: Turning Money into Wealth Plus MyFinanceLab with Pearson eText — Access Card Package, 7/e

Package consists of:

• 0133856437 / 9780133856439 Personal Finance: Turning Money into Wealth, 7/e
• 0133877728 / 9780133877724 MyFinanceLab with Pearson eText — Access Card —for Personal Finance: Turning Money into Wealth, 7/e

MyFinanceLab should only be purchased when required by an instructor.

Product Details

ISBN-13:	9780133856439
Publisher:	Pearson Education
Publication date:	12/30/2014
Edition description:	Older Edition
Pages:	656
Product dimensions:	8.60(w) x 10.90(h) x 1.20(d)
Lexile:	1270L (what's this?)

About the Author

Arthur J. Keown is the R. B. Pamplin Professor of Finance at Virginia Polytechnic Institute and State University. He received his bachelor’s degree from Ohio Wesleyan University, his MBA from the University of Michigan, and his doctorate from Indiana University. An award-winning teacher, he is a member of the Academy of Teaching Excellence at Virginia Tech, he has received five Certificates of Teaching Excellence, the W. E. Wine Award for Teaching Excellence, and the Alumni Teaching Excellence Award, and in 1999 he received the Outstanding Faculty Award from the State of Virginia. Professor Keown is widely published in academic journals. His work has appeared in Journal of Finance, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Journal of Financial Research, Journal of Banking and Finance, Financial Management, Journal of Portfolio Management, and many others. Two of his books are widely used in college finance classes all over the country – Financial Management and Foundations of Finance: The Logic and Practice of Financial Management. Professor Keown is a Fellow of Decision Sciences Institute and served as Department Head for twelve years. In addition, he has served as the co-editor of both the Journal of Financial Research and the Financial Management Association’s Survey and Synthesis Series. He was recently inducted into Ohio Wesleyan’s Athletic Hall of Fame for wrestling. His daughter and son are both married and live in Madison, Wisconsin, and Denver, Colorado, while he and his wife live in Blacksburg, Virginia, where he collects original art from Mad magazine.

Table of Contents

Preface


Part 1: Financial Planning
1. The Financial Planning Process
2. Measuring Your Financial Health and Making a Plan
3. Understanding and Appreciating the Time Value of Money
4. Tax Planning and Strategies


Part 2: Managing Your Money
5. Cash or Liquid Asset Management
6. Using Credit Cards: The Role of Open Credit
7. Student and Consumer Loans: The Role of Planned Borrowing
8. The Home and Automobile Decision


Part 3: Protecting Yourself with Insurance
9. Life and Health Insurance
10. Property and Liability Insurance


Part 4: Managing Your Investments
11. Investment Basics
12. Investing in Stocks
13. Investing in Bonds and Other Alternatives
14. Mutual Funds: An Easy Way to Diversify


Part 5: Life Cycle Issues
15. Retirement Planning
16. Estate Planning: Saving Your Heirs Money and Headaches
17. Financial Life Events—Fitting the Pieces Together


Appendix A: Compound Sum of $1 598
Appendix B: Present Value of $1 600
Appendix C: Compound Sum of an Annuity of $1 for n Periods

Appendix D: Present Value of an Annuity of $1 for n Periods

Appendix E: Monthly Installment Loan Tables