10 Steps to Financial Success: A Beginner's Guide to Saving and Investing [Paperback]

W. Patrick Naylor (Author)

Book Description

Publication Date: March 10, 1997 | ISBN-10: 0471175331 | ISBN-13: 978-0471175339 | Edition: 1

How to save and invest today for a secure financial tomorrow

A sound financial plan is absolutely essential for reaching your long-term goals, whether you want to purchase a new home, pay for a child's college education, or create a retirement nest egg. In this invaluable new guide, investment advisor W. Patrick Naylor provides a 10-step, easy-to-follow savings and investing program that will help you build a secure financial future. A flexible system that can be tailored to your income and risk tolerance levels, this proven strategy shows how to:
* Set short-, intermediate-, and long-term financial goals
* Establish a budget based on fixed and variable expenses
* Organize your banking for maximum benefit
* Create a separate fund for unforeseen emergencies
* Develop a 3-tiered investment strategy that includes mutual funds, dividend reinvestment programs (DRIPs), and individual growth stocks
* Monitor your investments regularly by determining your net asset value (NAV)

Editorial Reviews

From the Publisher

This 10-step, easy-to-follow guide provides novice investors with an understanding of sound money management and investing techniques. Describes how to select investments that are appropriate for you and the best ways to put money aside on a regular basis. Packed with examples which illustrate how mutual funds, dividend reinvestment program (DRIP) stocks, and individual growth stocks can perform over long periods of time--in some cases, examples span a 10-year period to demonstrate the benefits of long-term investing. Contains financial planning for anyone--even those who can spare only $25.00 a month.

From the Back Cover

How to save and invest today for a secure financial tomorrow

A sound financial plan is absolutely essential for reaching your long-term goals, whether you want to purchase a new home, pay for a child's college education, or create a retirement nest egg. In this invaluable new guide, investment advisor W. Patrick Naylor provides a 10-step, easy-to-follow savings and investing program that will help you build a secure financial future. A flexible system that can be tailored to your income and risk tolerance levels, this proven strategy shows how to:

• Set short-, intermediate-, and long-term financial goals
• Establish a budget based on fixed and variable expenses
• Organize your banking for maximum benefit
• Create a separate fund for unforeseen emergencies
• Develop a 3-tiered investment strategy that includes mutual funds, dividend reinvestment programs (DRIPs), and individual growth stocks
• Monitor your investments regularly by determining your net asset value (NAV)

See all Editorial Reviews

Product Details

• Paperback: 272 pages
• Publisher: Wiley; 1 edition (March 10, 1997)
• Language: English
• ISBN-10: 0471175331
• ISBN-13: 978-0471175339
• Product Dimensions: 9.1 x 7.4 x 0.6 inches
• Shipping Weight: 1.1 pounds (View shipping rates and policies)
• Average Customer Review: 4.2 out of 5 stars  See all reviews (5 customer reviews)
• Amazon Best Sellers Rank: #1,260,773 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

56 of 56 people found the following review helpful:

4.0 out of 5 stars Clear, concise financial information and stratagies, December 5, 1998

By A Customer

This review is from: 10 Steps to Financial Success: A Beginner's Guide to Saving and Investing (Paperback)

Mr. Naylor strikes a chord with the financial novice. 10 Steps to Financial Success provides clear, concise explanations of financial investment vehicles available to investors in every income range. In addition to the expected discussion of these investment options, there is also a wealth of common sense stratagies that can be implemented by virtually everyone to organize monthly income and expenses.

When followed faithfully, these techniques can help the reader develop an accurate financial profile. This in turn, supports realistic goal setting and ultimately promotes optimal financial growth.

Inspite of the fairly dry nature of financial topics, Mr. Naylor does an admirable job of presenting the information in a vibrant manner. Complex issues are discussed in 'plain-english' and each chapter includes a review section that summarizes key learning points.

There is quite possibly a better introductory financial text somewhere, but I haven't read it.

16 of 16 people found the following review helpful:

5.0 out of 5 stars An excellent first step to financial freedom, June 16, 2000

By 

"kingsransom" - See all my reviews

This review is from: 10 Steps to Financial Success: A Beginner's Guide to Saving and Investing (Paperback)

This book provides the basic groundwork needed in order for almost anyone, regardless of financial circumstances, to begin formulating a serious saving and investment strategy. This book is highly suitable to the absolute beginner, educating readers on some of the best ways to begin participating in the market, such as DRIP programs, mutual funds and "buy and hold" strategies.

This book will help readers quickly accumulate sound investment knowledge and well prepare them for future study.

This book should be required reading for anyone seeking to increase financial security through investing.

2 of 2 people found the following review helpful:

5.0 out of 5 stars Formula for Financial Indepencence, October 14, 2001

By A Customer

This review is from: 10 Steps to Financial Success: A Beginner's Guide to Saving and Investing (Paperback)

Following Dr. Naylor's step-by-step formula provides a solid foundation and framework for the creation of a sound lifelong financial plan. Written expressly for the uninitiated, this book will expand your personal finance knowledege base in hours! Unincombered with minimal technical jargon, this book cuts to the chase. Recommended without reservation!