An indispensable guide for any recent graduate that provides simple, easy-to-follow rules for making smart personal finance choices during the first decade of one's career. Having graduated from college with a degree, even the luckiest newly minted professionals-those who are able to quickly find a full-time job and support themselves-are often burdened with thousands of dollars in student loan debt. Many of these young professionals grow up hearing that they should not invest until their debt is paid off. Others fall too readily for investment scams or the siren call of instant entrepreneurship. Still others don't invest at all. From financial expert Michael C. Taylor comes a proposed means by which to not only pull oneself out of debt but to start building wealth from the first day on the job: adoption of modesty, skepticism, and optimism. The Financial Rules for New College Graduates explains that by embodying modesty, the opposite of status-seeking ostentation; skepticism, the ability to recognize scams, false promises, and the hyperbole and short-sightedness of financial media; and optimism, the belief that financial security can be yours with little to no risk, anyone can attain financial security. The early chapters address the role of interest rates, compound interest, and discounted cashflows, while the remaining chapters explore each of the most consequential personal finance choices that recent graduates will make in the first ten years of their career.

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Part One What's Stopping You from Achieving Wealth? Chapter 1 You Should Be Wealthy Chapter 2 On the Financial Infotainment Industrial Complex Part Two Finance Math Concepts for Life Chapter 3 On Interest Rates Chapter 4 On Compound Interest Chapter 5 On Discounting Cashflows Part Three Just Starting Out: Getting to Surplus Chapter 6 On High-Interest Debt Chapter 7 On Saving Chapter 8 On Low-Interest Debt Chapter 9 On Retirement Accounts Chapter 10 On Taxes Chapter 11 On Cars Chapter 12 On Houses Part Four Moving Along: Now That You Have a Financial Surplus Chapter 13 On Investing: Efficient Markets Chapter 14 On Investments: Risky and Not Risky Chapter 15 On Investment Advisers Chapter 16 On Insurance Chapter 17 On Work Part Five Feeling Wealthier Chapter 18 On Retirement Chapter 19 On Estate Planning Part Six Finishing Strong: How Will You Know If You're Wealthy? Chapter 20 On Death Chapter 21 Epilogue: On Being Wealthy Glossary Selected Bibliography Index