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Nobody cares more about your money than you do. And no one delivers financial advice in a no-nonsense, straight-to-the-point style like David Meckin. The author of Naked Finance advises a new wave of financial investors--the refugees of the great Recession who, disgruntled by the reckless advice given to them by salesmen thinly disguised in financial advisors' clothing, are cutting out the middleman and investing their money themselves. In the process they're saving money by eliminating unnecessary fees. Whether you have a large sum of money or a modest amount to allocate, taking control of your investments is not as difficult or time-consuming as some financial services companies would have you believe. But it does require a bit of practical guidance and the objective, hard-won insights of someone with a strong financial background like Meckin--himself a highly successful independent investor. How to Grow Your Own Money is an accessible guide that shows how you can get an edge on the market. It includes the four main investment opportunities available to the independent investor: savings accounts, government and corporate bonds, stocks, and real estate. You'll learn the tried and tested techniques you'll need to build the skills, confidence, and know-how to grow and maximize your returns. You'll learn Meckin's tried and tested Winning Six approach: a step-by-step methodology that can be applied to any investment opportunity. Stop dreaming about being an independent investor and start doing it today.
In the wake of banking crises and financial scandals there is now a common mistrust of financial advisers - the 'experts'. People believe that financial institutions are more interested in making money out of you through management fees than in making money for you. But now you too can manage your money and gain the confidence to make your investments work without relying on anyone else. After all, the whole point of investing is getting your money to work for you (not the other way round)! How to Grow Your Owen Money gives practical guidance from a highly successful, fellow independent investor using trusted techniques that show how you can do it too. It puts you in control of your finances and could save you a fortune in management fees. It's not as difficult or time-consuming as you think. David Meckin keeps things simple, showing you how to save money by cutting out the middleman, how to save time without cutting corners and how to maximize your returns by applying his tried and tested 6R approach: Recognize, Reward, Risk, Research, Review and Revisit to four main areas: shares, savings accounts, property and bonds.
Clearing away the technical issues surrounding financial managements, Naked Finance lays bare the practical basics needed to make sound financial decisions. By demonstrating methods for identifying financial objectives and outlining ways to control cost, sales, profit, and cash flow during long-term projects, Naked Finance can offer readers the foundation needed for a profitable business.
For most managers, the normal round of hectic schedules, tricky staff issues and impending deadlines are well within their management capabilities. It is the financial issues that give them headaches. Nobody has ever explained how to balance sales against costs, how to interpret financial reports, how to prepare a budget or even how to argue the case for the new equipment their department needs so badly. They have no idea why the company's share price keeps falling and certainly don't understand why this should result in layoffs. In fact, the whole issue of finance is a mystery. Successful management of the finances of a business requires an understanding of some key principles - and that is what NAKED FINANCE is all about. It strips away all the technical issues surrounding financial management and lays bare the principles needed to make sound financial decisions. Firstly, Meckin shows how to identify financial objectives so you know where you are going - explaining the importance of profit and cashflow, how to measure financial performance and which are the key figures to watch. He then outlines how to use financial information to understand what's going on around you, covering the format and content of financial statements and how they can be used to assess past trading performance. Finally he describes how to ensure financial control and create a financial plan so you can take control of where you are going, managing costs, sales, profit and cash flow and long-term projects. Purely and simply, NAKED FINANCE provides the skills necessary to manage a profitable business.
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