What's Your Future Worth?: Using Present Value to Make Better Decisions
| Author | : | |
| Rating | : | 4.72 (565 Votes) |
| Asin | : | 1626563012 |
| Format Type | : | paperback |
| Number of Pages | : | 216 Pages |
| Publish Date | : | 2017-01-16 |
| Language | : | English |
DESCRIPTION:
Reading What's Your Future Worth? is a great way to prepare.”—Steve Vernon, FSA, author of Money for Life“Provides a great deal of important insight into the intractability of the future, the idiosyncratic nature of how humans perceive the passage of time, and how best to approach the many decisions that all of us face on a day-to-day basis.” —Eric Baum, PhD, computer scientist and expert on artificial intelligence; CEO, Azure Sky Research; and author of What Is Thought?“A must-read for professionals and the general public alike.
This book will be indispensable for anyone who has ever had to figure out whether to stick with an awful job or follow his or her bliss, fix that old car or buy a new one, increase 401(k) contributions or keep the same take-home pay, and a thousand other decisions.. But when it comes to figuring that out, we mostly make the process up as we go along. We weigh every significant decision based on how it will affect our future. While financial professional Peter Neuwirth can't help you actually predict the future, he can offer a simple, systematic way to make much better guesses about it—and so make better decisions.Neuwirth offers an accessible, step-by-step guide to using the powerful concept of Present Value—which allows you to determine the value today of something that might happen in the future—to evaluate allof the outcomes that might arise from choosing one path as opposed to another. Your old refrigerator doesn't work as well as it used to—should you buy a new one right away or muddle through for a while? You're offered a great discount on a service you don't need at the moment but eventually will—buy the service now or wait?
He is a fellow of the Society of Actuaries, a member of the American Academy of Actuaries, and an enrolled actuary. . Peter Neuwirth has over thirty years of actuarial experience. He is currently a senior consultant with Towers Watson and is one of its subject matter experts. In his personal life, Peter has used Present Value to decide if he should take a time-share company up
Lara Heller said Better Decision Making is in your Future. What’s Your Future Worth articulates a process of decision-making that is thoughtful, deliberate and accesible. Neuwirth distills a few decades of experience as an actuary, where he honed his skills and developed his vision on how to better make decisions based on their near- and long-term impact. The book lays out a clear five-step process for considering a wide range of decisions – small to large, minor to life-changing – in a way that is quite approachable (and doesn’t require any math!).However, for me the value of. The book is too simplistic, and i find it Amazon Customer The book is too simplistic, and i find it does not provide an actionable concept to assess your present value. Its more conceptual and abstract.. "Great practical guide on decision making" according to Todd W. Jones. A great quick read for anyone without formal mathematical training. Certainly the section on financial decision making is of huge value to anyone close to retirement.