Financial Jiu-Jitsu A Fighter's Guide to

Financial Jiu-Jitsu is based on taking care of the basics first, using straightforward, easy-to-understand principles and strategies as a platform and springboard to future success. Of course your financial plan will adapt and evolve as economic conditions change and you move through your life - but the guiding principles will never change.Author Scott Ford is ranked in the top 1% of all financial advisors and practices Jiu Jitsu. In this book, he compares the patience and practice of the martial art to investing. In Brazilian Jiu-Jitsu, our biggest enemies are our emotions and our state of mind. In investing and personal finance, our biggest enemies are - that's right - our emotions and our state of mind. It's not the market, it's not the economy - it's us. Along the way, the book teaches you fundamental skills such as giving back, automating your savings and investments, the importance of paying yourself first, and managing credit wisely.

SCOTT FORD is President and founder of Cornerstone Wealth Management Group. Named one of 2008's "20 Rising Stars of Wealth Management" by Private Asset Management magazine, he provides proactive investment and wealth management advice based upon his trademarked system Way2Wealth to a limited number of business owners, entrepreneurs, and affluent families. Ford has been a guest on NBC and Fox affiliates and has contributed to the Today show. Additionally, he has been featured in the New York Times, Christian Science Monitor, Wall Street Journal and, InvestmentNews. Ford studies Brazilian Jiu-Jitsu at Clinch Academy in Maryland.

Foreword	p. ix
Acknowledgments	p. xiii
Introduction	p. 1
Prepare to Win-Now and Forever	p. 5
Give Back	p. 8
Pay Yourself First	p. 9
Automate!	p. 10
Maintain a Cash Safety Net	p. 11
Manage Credit Wisely	p. 12
Get Time on Your Side	p. 13
Never Procrastinate	p. 15
Make Reality Your Perception	p. 16
Follow a Simple and Comprehensive Strategy	p. 17
Balance and Base: What Is True Wealth to You?	p. 21
Forget Financial Goals (At Least for Now)	p. 22
Develop Your Vision for Your Life	p. 24
Determine Your Specific Goals	p. 29
Closing the Gap: Analyze your Current Situation	p. 33
Before You Close the Gap: Overcome Your Fear of the Unknown	p. 34
Forget about Budgets	p. 36
Make Sure You Have Positive Cash Flow	p. 36
Create a Personal Balance Sheet	p. 38
Keep in Mind the Total Financial Picture	p. 42
Family: Your Family Benchmark	p. 45
Your Family Benchmark: An Introduction	p. 46
The Family Benchmark in Action	p. 49
Time and the Power of Compounding	p. 51
Tie the Steps Together	p. 53
Starting Point	p. 54
Your Team of Advisors: Two Is Better Than One: The Power of Respect	p. 61
Types of Advisors	p. 63
All Those Initials: Professional Designations	p. 66
How Financial Professionals Earn Their Keep	p. 68
Choosing an Advisor	p. 70
Interview!	p. 74
Trust-But Verify	p. 77
Timing: What Is Your Investment Strategy?	p. 79
Build an Emergency Fund	p. 80
Own Your Home	p. 84
Take Advantage of Tax-Deferred Investments	p. 86
Max Out 401(k) Match Contributions	p. 90
Contribute to Traditional and Roth IRAs	p. 92
Determine How to Invest Your Funds	p. 96
Diversify into Other Investments	p. 103
Gain Control: Your Estate Plan	p. 107
Estate Plans: The Basics	p. 108
Revocable Living Trust	p. 109
Pourover Will	p. 111
Health-Care Power of Attorney	p. 112
HIPAA Power of Attorney	p. 113
Property Power of Attorney	p. 113
Family Retirement Preservation Trust	p. 114
Estate Planning Letter	p. 115
But Don't Simply File Your Plan Away!	p. 115
Pay Attention to Beneficiaries	p. 118
Position Before Submission: Analyze Insurance Needs	p. 121
Protect Yourself-But Not to the Extreme	p. 122
Life Insurance	p. 124
Auto Insurance	p. 131
Property Insurance	p. 133
Health Insurance	p. 135
Disability Insurance	p. 135
Attitude: Life in Retirement	p. 139
How Much Money Will You Need?	p. 141
Current Spending Estimate	p. 141
10-10-4 Rule	p. 144
Leverage: Establish Your Tax Plan	p. 147
Tax Savings: Homeowners	p. 149
Tax Savings: Students and Their Parents	p. 150
Tax Savings: Retirement	p. 154
Love, Discipline, and Dedication: Have Your Plan Updated	p. 157
Conclusion	p. 161
Afterword	p. 163
Appendix	p. 169
About the Author	p. 183
Index	p. 185
Table of Contents provided by Ingram. All Rights Reserved.

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Financial Jiu-Jitsu A Fighter's Guide to Conquering Your Finances

Summary

Author Biography

Table of Contents

Supplemental Materials