The Value of Debt in Building Wealth, First Edition, Creating Your Glide Path to a Healthy Financial L.I.F.E. by Anderson, Thomas J. -- Read -- Imperial Library of Trantor

Index

Cover Title Page Copyright Dedication Table of Contents Foreword Acknowledgments About the Author

About Supernova Companies

Introduction

Endnotes

Chapter 1: The Traditional Glide Path

In a Perfect World, No Debt! But Our World Isn't Perfect You Owe a Debt to Your Future Self Break the Paycheck-to-Paycheck Cycle Companies Embrace Balance The Power of Savings A New Glide Path: Debt Adds Value Finding Your Glide Path The Need for Specific, Actionable Advice Endnotes

Chapter 2: Foundational Facts

All Debt Is Not Equal: Oppressive, Working, and Enriching Debt Paying Down Debt Gives You a Return Equal to Your After-Tax Cost of That Debt Sh*t Happens—Value Liquidity Yes, You Can—Save Compounding Matters—For the Upside and the Downside The Past Is the Past; Focus on the Future Behavioral Economics Matters Endnotes

Chapter 3: A Balanced Path to L.I.F.E

Phase 1: Launch! Phase 2: Independence Endnotes

Chapter 4: Freedom and Equilibrium

Phase 3: Freedom Phase 4: Equilibrium Bonus Phase: No Debt! Endnotes

Chapter 5: The Other Side of the Balance Sheet

The Probability of an 8 Percent Rate of Return Is Zero Risk, Return, and Diversification What about Interest Rates and Cost of Debt? What about One of Your Biggest Assets? Your House Three Buckets of Money Risk Matters—The Risk of Time Factoring Leverage into Returns Debt as an Integrated Part of Your Investment Philosophy Endnotes

Chapter 6: Proof of the Value of Debt

The Big Picture—Debt Can Be Valuable Children and College Savings Interest Rates and Debt Service Coverage Ratios Endnotes

Chapter 7: Conclusion

Taking a Stand Against Conventional Wisdom Endnotes

Appendix A: Phi Phound Me

Inspiration Arrived Not Perfect Makes Perfect Applying the Fibonacci Sequence From 13 to 8 From 8 to 5 Super Cool Math Endnotes

Appendix B: Understanding the Power of Securities-Based Lending

Case Study The Power of Securities-Based Lending First Bank of Mom and Dad Endnotes

Appendix C: Home Purchase and Financing Considerations

Don't Rush to Buy a House When Home Ownership Can Go Wrong Save Yourself the Anguish Be Careful! All Mortgages Are Not Created Equal Owning Can Be Great Endnotes

Appendix D: The Millennial's Guide to Debt and Getting Started

Saddled by Student Loans The Best Budget: Spend Less Than You Make Debt-to-Income Ratios Pulling These Concepts Together Endnotes

Appendix E: The Math Behind the Examples

Chapter 1: The Nadas, Steadys, and Radicals Chapters 3 and 4: Brandon and Teresa Higher Income Endnotes

Glossary Resource Guide

Basic Information Inflation, Interest Rates, and Compound Interest Housing Introduction to Stocks and Bonds Investment Vehicles Credit Score Calculators Endnotes

Bibliography

Books Text Books Nobel Prize–Winning Theories Articles