Running the Numbers

A Step-by-Step Guide to Life’s Major Financial Decisions

By: Michael Tortorich

Narrated by: Phil Schoen

Unfortunately, in today’s school system, there is a severe lack of financial education. As a father of two young children, I decided to tackle this problem myself and set off to consolidate the lessons I wanted to teach my kids in a thoughtful and organized manner.

During the process, I realized the concepts and lessons I was trying to teach were not just crucial to my kids, but to everyone. I didn’t write book to tell you what to do; but to give you the tools to come to your own decisions. The foundation of finance is understanding how to run the numbers, and while there's nothing wrong with a rule of thumb, making an informed decision based on solid data is a guaranteed way to set yourself up for consistent success.

The chapters of the book are organized to align with the sequence of major financial decisions a typical person would encounter as he/she progresses through life. It gives real-life examples, walks you through the decision-making process, and, most importantly, shows you how to quantify your options. This book covers the following topics:

1. Time Value of Money

2. Compound Interest

3. Credit Cards

4. Purchasing a Car

5. Choosing a Career

6. Paying Off Student Loans

7. Defined Contribution Plans

8. Purchasing a House

9. Kids

10. Life Insurance

11. Investing for Retirement

Applying the concepts and techniques in this book will help you to make more informed data-driven decisions and set you on your way to financial literacy.

©2021 Michael Tortorich (P)2022 Michael Tortorich