Financial Mastery for the Career Teacher

Gene Siciliano - Western Management Associates
Financial Mastery for the Career Teacher
April 2010 | 192 pages | Corwin
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ISBN: 9781452271552
Available from January 0001
Paperback
ISBN: 9781412975001
Available from January 0001

Description

"This book should be given to every new teacher as soon as they sign their teaching contract."
—Cathy D. Hicks, Induction Program Director
San Dieguito Union High School District, Encinitas, CA

"Siciliano's gem of a book is crammed with sage financial advice. He reminds us that we need to approach financial planning the way we approach teaching: clear-eyed, armed with facts, and with our eyes on the prize."
—Janet Carroll, District Principal of Human Resources
Chilliwack School District and CSD Mentor Program, BC, Canada

The money management book that no educator can afford to be without!

Teaching has many rewards, including the opportunity to change young people's lives and make a meaningful difference in a community every day. However, despite the important work they do, teachers often find themselves struggling to survive on a teaching salary.

Written by certified financial advisor and award-winning speaker Gene Siciliano, Financial Mastery for the Career Teacher is a comprehensive yet concise primer for educators balancing modest salaries with skyrocketing expenses in challenging economic times. The author covers the personal finance questions and concerns that all educators face, including:

  • Providing for a family on a teacher's salary
  • Making every dollar stretch
  • Buying a home
  • Managing debt
  • Planning for retirement
  • Understanding and purchasing insurance
  • Investing in the stock market or real estate
  • Taxes and tax planning

Start planning your financial future now so you can have a fulfilling career as a teacher and still come out ahead!

Contents

Acknowledgments

Acknowledgments

About the Author

  • 1. Why This Book Was Written and Why You Should Read It
  • 2. Your Personal Business Plan: The Master Road Map
  • Setting Goals
  • Creating Your Family Budget
  • 3. Managing Your Paycheck: The Source
  • Setting Up Your Payroll Deductions
  • Spending Less Than You Earn: Ideas for Stretching Your Dollars!
  • What to Do With That Annual Bonus
  • 4. Family Finances: Taking Care of the Family's Wish List
  • College Financial Planning
  • Life Insurance for the Kids?
  • Vacation Financing
  • 5. Managing Debt: When You Have Too Much of a Good Thing
  • Debt Can Stress Your Marriage to the Breaking Point
  • Credit Cards: Huge Differences Exist Just Beneath the Surface
  • Getting Help Before It's Too Late: Debt Counseling Services
  • 6. Insurance: Just in Case
  • Life Insurance
  • Health Insurance: Staying Healthy
  • Disability Insurance: In Case Something Breaks
  • Long-Term Care Insurance: For the Later Years
  • 7. Savings Accounts for Your Cash
  • The Value of Saving Early: The Power of Compound Interest
  • How Much Cash Can You Save?
  • The Rainy-Day Fund
  • Savings Accounts
  • Money Market Funds
  • Certificates of Deposit
  • 8. Buying a Home: Realizing the American Dream
  • How Much Home Can You Afford?
  • First Mortgage, Second Mortgage, Equity Credit Lines: The Language of Real Estate Finance
  • Balloon Payments: A Funny Name for a Not-So-Funny Event
  • The Home Equity Line of Credit
  • Structuring Your Payments: Taxes, Insurance, and Impounds
  • Refinancing for Cash-Out, for Lower Rates, for Better Terms
  • Teaser Rates, Interest Only, Negative Amortization, and Other Financial Land Mines
  • Final Thoughts on Home Ownership
  • 9. The Stock Market: All About Bulls and Bears
  • Risk Tolerance: Where You Are in Your Life and How Securities Fit Into It
  • How Much Pain Will You Accept Along the Way?
  • Investing Strategies Overview
  • Types of Companies You Might Choose to Invest In
  • 10. Other Ways to Own Companies (Besides Starting Your Own)
  • Other Equity Choices
  • Bonds: The Safety of Fixed Income
  • Buy, Sell, or Hold? How to Decide When and How Much
  • Your Personal Investment Policy
  • 11. Buying Investment Real Estate
  • Your Home Comes First
  • So Many Choices, So Little Time
  • The Nature of the Investment and the Returns You Might Expect
  • The Power of Leverage
  • Shared Investment Methods
  • Your Tax Dollars at Work
  • If You Want to Know More
  • 12. Taxes and Tax Planning: Keeping All You Legally Can
  • Income Taxes: Federal, State, Local
  • Tax Planning Strategies
  • Property Tax: Real and Personal
  • Filing Tax Returns: Don't Do It Yourself!
  • Getting Help: A CPA or Tax Preparer
  • Tips for Avoiding an IRS Audit
  • 13. Technology That Can Help You
  • Personal Bookkeeping Software
  • Online Banking
  • Protecting Yourself From Identity Theft
  • 14. Retirement Planning: So You Can Live Well for 100 Years
  • A Checklist for Those in Midcareer
  • Assessing Your Postretirement Needs
  • The Home Mortgage Monkey
  • When to Sign Up for Social Security
  • Getting Help: The Financial Planner
  • 15. Wills and Trusts
  • Your Will: Your Last Opportunity to Have It Your Way
  • Trusts: Making Decisions Now That Provide Long-Term Benefits
  • 16. Final Thoughts

Index

Index

Resources

Supplemental Resources Website

Once you have Financial Mastery for the Career Teacher in hand, you will gain access to Excel worksheets that automate concepts and calculations found throughout the book, using formats similar to examples in the book. You enter assumptions and the models will do the calculating to help you learn how to use the concept to make better financial decisions and plan for your future.
http://www.corwin.com/financialmastery

Description

"This book should be given to every new teacher as soon as they sign their teaching contract."
—Cathy D. Hicks, Induction Program Director
San Dieguito Union High School District, Encinitas, CA

"Siciliano's gem of a book is crammed with sage financial advice. He reminds us that we need to approach financial planning the way we approach teaching: clear-eyed, armed with facts, and with our eyes on the prize."
—Janet Carroll, District Principal of Human Resources
Chilliwack School District and CSD Mentor Program, BC, Canada

The money management book that no educator can afford to be without!

Teaching has many rewards, including the opportunity to change young people's lives and make a meaningful difference in a community every day. However, despite the important work they do, teachers often find themselves struggling to survive on a teaching salary.

Written by certified financial advisor and award-winning speaker Gene Siciliano, Financial Mastery for the Career Teacher is a comprehensive yet concise primer for educators balancing modest salaries with skyrocketing expenses in challenging economic times. The author covers the personal finance questions and concerns that all educators face, including:

  • Providing for a family on a teacher's salary
  • Making every dollar stretch
  • Buying a home
  • Managing debt
  • Planning for retirement
  • Understanding and purchasing insurance
  • Investing in the stock market or real estate
  • Taxes and tax planning

Start planning your financial future now so you can have a fulfilling career as a teacher and still come out ahead!

Contents

Acknowledgments

Acknowledgments

About the Author

  • 1. Why This Book Was Written and Why You Should Read It
  • 2. Your Personal Business Plan: The Master Road Map
  • Setting Goals
  • Creating Your Family Budget
  • 3. Managing Your Paycheck: The Source
  • Setting Up Your Payroll Deductions
  • Spending Less Than You Earn: Ideas for Stretching Your Dollars!
  • What to Do With That Annual Bonus
  • 4. Family Finances: Taking Care of the Family's Wish List
  • College Financial Planning
  • Life Insurance for the Kids?
  • Vacation Financing
  • 5. Managing Debt: When You Have Too Much of a Good Thing
  • Debt Can Stress Your Marriage to the Breaking Point
  • Credit Cards: Huge Differences Exist Just Beneath the Surface
  • Getting Help Before It's Too Late: Debt Counseling Services
  • 6. Insurance: Just in Case
  • Life Insurance
  • Health Insurance: Staying Healthy
  • Disability Insurance: In Case Something Breaks
  • Long-Term Care Insurance: For the Later Years
  • 7. Savings Accounts for Your Cash
  • The Value of Saving Early: The Power of Compound Interest
  • How Much Cash Can You Save?
  • The Rainy-Day Fund
  • Savings Accounts
  • Money Market Funds
  • Certificates of Deposit
  • 8. Buying a Home: Realizing the American Dream
  • How Much Home Can You Afford?
  • First Mortgage, Second Mortgage, Equity Credit Lines: The Language of Real Estate Finance
  • Balloon Payments: A Funny Name for a Not-So-Funny Event
  • The Home Equity Line of Credit
  • Structuring Your Payments: Taxes, Insurance, and Impounds
  • Refinancing for Cash-Out, for Lower Rates, for Better Terms
  • Teaser Rates, Interest Only, Negative Amortization, and Other Financial Land Mines
  • Final Thoughts on Home Ownership
  • 9. The Stock Market: All About Bulls and Bears
  • Risk Tolerance: Where You Are in Your Life and How Securities Fit Into It
  • How Much Pain Will You Accept Along the Way?
  • Investing Strategies Overview
  • Types of Companies You Might Choose to Invest In
  • 10. Other Ways to Own Companies (Besides Starting Your Own)
  • Other Equity Choices
  • Bonds: The Safety of Fixed Income
  • Buy, Sell, or Hold? How to Decide When and How Much
  • Your Personal Investment Policy
  • 11. Buying Investment Real Estate
  • Your Home Comes First
  • So Many Choices, So Little Time
  • The Nature of the Investment and the Returns You Might Expect
  • The Power of Leverage
  • Shared Investment Methods
  • Your Tax Dollars at Work
  • If You Want to Know More
  • 12. Taxes and Tax Planning: Keeping All You Legally Can
  • Income Taxes: Federal, State, Local
  • Tax Planning Strategies
  • Property Tax: Real and Personal
  • Filing Tax Returns: Don't Do It Yourself!
  • Getting Help: A CPA or Tax Preparer
  • Tips for Avoiding an IRS Audit
  • 13. Technology That Can Help You
  • Personal Bookkeeping Software
  • Online Banking
  • Protecting Yourself From Identity Theft
  • 14. Retirement Planning: So You Can Live Well for 100 Years
  • A Checklist for Those in Midcareer
  • Assessing Your Postretirement Needs
  • The Home Mortgage Monkey
  • When to Sign Up for Social Security
  • Getting Help: The Financial Planner
  • 15. Wills and Trusts
  • Your Will: Your Last Opportunity to Have It Your Way
  • Trusts: Making Decisions Now That Provide Long-Term Benefits
  • 16. Final Thoughts

Index

Index

Resources

Supplemental Resources Website

Once you have Financial Mastery for the Career Teacher in hand, you will gain access to Excel worksheets that automate concepts and calculations found throughout the book, using formats similar to examples in the book. You enter assumptions and the models will do the calculating to help you learn how to use the concept to make better financial decisions and plan for your future.
http://www.corwin.com/financialmastery
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Financial Mastery for the Career Teacher


April 2010 | 192 pages | Corwin

Format Published Date ISBN Price
Paperback 01/02/2026 9781412975001 $37.95
Lifetime 01/02/2026 9781452271552 $35.00

"This book should be given to every new teacher as soon as they sign their teaching contract."
—Cathy D. Hicks, Induction Program Director
San Dieguito Union High School District, Encinitas, CA

"Siciliano's gem of a book is crammed with sage financial advice. He reminds us that we need to approach financial planning the way we approach teaching: clear-eyed, armed with facts, and with our eyes on the prize."
—Janet Carroll, District Principal of Human Resources
Chilliwack School District and CSD Mentor Program, BC, Canada

The money management book that no educator can afford to be without!

Teaching has many rewards, including the opportunity to change young people's lives and make a meaningful difference in a community every day. However, despite the important work they do, teachers often find themselves struggling to survive on a teaching salary.

Written by certified financial advisor and award-winning speaker Gene Siciliano, Financial Mastery for the Career Teacher is a comprehensive yet concise primer for educators balancing modest salaries with skyrocketing expenses in challenging economic times. The author covers the personal finance questions and concerns that all educators face, including:

  • Providing for a family on a teacher's salary
  • Making every dollar stretch
  • Buying a home
  • Managing debt
  • Planning for retirement
  • Understanding and purchasing insurance
  • Investing in the stock market or real estate
  • Taxes and tax planning

Start planning your financial future now so you can have a fulfilling career as a teacher and still come out ahead!


Table Of Contents:

  • Acknowledgments
  • About the Author
  • 1. Why This Book Was Written and Why You Should Read It
  • 2. Your Personal Business Plan: The Master Road Map
  • Setting Goals
  • Creating Your Family Budget
  • 3. Managing Your Paycheck: The Source
  • Setting Up Your Payroll Deductions
  • Spending Less Than You Earn: Ideas for Stretching Your Dollars!
  • What to Do With That Annual Bonus
  • 4. Family Finances: Taking Care of the Family's Wish List
  • College Financial Planning
  • Life Insurance for the Kids?
  • Vacation Financing
  • 5. Managing Debt: When You Have Too Much of a Good Thing
  • Debt Can Stress Your Marriage to the Breaking Point
  • Credit Cards: Huge Differences Exist Just Beneath the Surface
  • Getting Help Before It's Too Late: Debt Counseling Services
  • 6. Insurance: Just in Case
  • Life Insurance
  • Health Insurance: Staying Healthy
  • Disability Insurance: In Case Something Breaks
  • Long-Term Care Insurance: For the Later Years
  • 7. Savings Accounts for Your Cash
  • The Value of Saving Early: The Power of Compound Interest
  • How Much Cash Can You Save?
  • The Rainy-Day Fund
  • Savings Accounts
  • Money Market Funds
  • Certificates of Deposit
  • 8. Buying a Home: Realizing the American Dream
  • How Much Home Can You Afford?
  • First Mortgage, Second Mortgage, Equity Credit Lines: The Language of Real Estate Finance
  • Balloon Payments: A Funny Name for a Not-So-Funny Event
  • The Home Equity Line of Credit
  • Structuring Your Payments: Taxes, Insurance, and Impounds
  • Refinancing for Cash-Out, for Lower Rates, for Better Terms
  • Teaser Rates, Interest Only, Negative Amortization, and Other Financial Land Mines
  • Final Thoughts on Home Ownership
  • 9. The Stock Market: All About Bulls and Bears
  • Risk Tolerance: Where You Are in Your Life and How Securities Fit Into It
  • How Much Pain Will You Accept Along the Way?
  • Investing Strategies Overview
  • Types of Companies You Might Choose to Invest In
  • 10. Other Ways to Own Companies (Besides Starting Your Own)
  • Other Equity Choices
  • Bonds: The Safety of Fixed Income
  • Buy, Sell, or Hold? How to Decide When and How Much
  • Your Personal Investment Policy
  • 11. Buying Investment Real Estate
  • Your Home Comes First
  • So Many Choices, So Little Time
  • The Nature of the Investment and the Returns You Might Expect
  • The Power of Leverage
  • Shared Investment Methods
  • Your Tax Dollars at Work
  • If You Want to Know More
  • 12. Taxes and Tax Planning: Keeping All You Legally Can
  • Income Taxes: Federal, State, Local
  • Tax Planning Strategies
  • Property Tax: Real and Personal
  • Filing Tax Returns: Don't Do It Yourself!
  • Getting Help: A CPA or Tax Preparer
  • Tips for Avoiding an IRS Audit
  • 13. Technology That Can Help You
  • Personal Bookkeeping Software
  • Online Banking
  • Protecting Yourself From Identity Theft
  • 14. Retirement Planning: So You Can Live Well for 100 Years
  • A Checklist for Those in Midcareer
  • Assessing Your Postretirement Needs
  • The Home Mortgage Monkey
  • When to Sign Up for Social Security
  • Getting Help: The Financial Planner
  • 15. Wills and Trusts
  • Your Will: Your Last Opportunity to Have It Your Way
  • Trusts: Making Decisions Now That Provide Long-Term Benefits
  • 16. Final Thoughts
  • Index

Recent Product Reviews:

"I wish I’d had this book when I began my teaching career many years ago. It is written in a practical, easy-to-understand format with multiple examples and recommendations. This book should be given to every new teacher as soon as they sign their teaching contract. While it is written specifically for teachers, I think everyone could benefit from the author’s knowledge."
Cathy D. Hicks, Induction Program Director, San Dieguito Union High School District, Encinitas, CA
"Siciliano’s gem of a book is crammed with sage financial advice on topics as far-ranging as budgets and financial goal setting, estate planning, and tips on playing the stock market. Siciliano really knows his stuff, and he writes with such calm, good-natured authority on the full range of financial topics, in a style that is so relaxed and easy going, that you can’t help but feel that you are getting top-notch financial advice from a favorite uncle. He reminds us that we need to approach financial planning the way we approach teaching: clear-eyed, armed with facts, and with our eyes on the prize."
Janet Carroll, District Principal of Human Resources, Chilliwack School District and CSD Mentor Program, BC, Canada

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