On January 10 I greeted my spring 2017 class, teaching 169 students Personal Finance. It’s my eighth year at the University of Nebraska, and I always enjoy the first day of class because I love the positive reaction to what I propose to teach these students about money and life.
Understanding compounding is an extremely valuable concept, and these numbers stun the majority of the class. Here’s part of my story on the first day:
The Five Financial Foundations is the name of a book that I wrote for college students, young people, and “just getting started” savers and investors. If you need to get started—or know someone who needs to get started—this simple book was written with you in mind.
The “Foundations” were discovered from my multidecade unscientific observation of ordinary, everyday people who were successful in the art of steady accumulation. Though they can hardly be called a secret, it’s clear to me that most people never put these simple financial guidelines to work in their lives.
This little book is full of stories, tips, and illustrations on how to build wealth and a bigger and better future.
The Five Financial Foundations is available in paperback and ebook on this website (ebook also available in the Kindle store).
*Just to be clear, I am not guaranteeing annual investment returns of 10% and realize many savers never earn these kinds of results; however, a study of historical returns supports 10% as a reasonable assumption over 40-year periods.