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by Thomas J. Anderson
The Value of Debt in Building Wealth
Cover
Title Page
Copyright
Dedication
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
Suggested Reading
Endnotes
Index
End User License Agreement
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Copyright
The Value of Debt in Building Wealth
Creating Your Glide Path to a Healthy Financial L.I.F.E.
Thomas J. Anderson
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