The Financial Planner: Beginner’s Edition Invest with $5 College Graduates Airbnb 6 Figure Returns 6 Figure Jobs Residual Income

By Shakil Ahmed and Jasir Jilani

The Financial Planner puts forth a manual for college students, college graduates, and just about any individual who wish to change their financial situation. The purpose of the manual is to help students earn a decent salary and invest their money with as little as five dollars. From college majors and career choices to autonomous investing and real estate ventures, the book discusses it all. It is catered for both beginners and seasoned investors who want to dip their feet into the world’s financial freedom.

• Language: English
• Publisher: Xlibris US
• Release date: Aug 13, 2018
• ISBN: 9781984545282

Shakil Ahmed

Jasir Jilani, a doctoral student of clinical psychology is an active investor and teacher within the financial realm. His goal is to empower the average student or graduate with the tools and tricks needed to find investments that yield the same success as seasoned vets. His interests outside of providing therapeutic services lie in finance, real state, technology & helping college students make sound financial choices. In his free time, he enjoys traveling with his wife, playing chess and chasing sunsets. Shakil Ahmed finished his doctoral studies in Osteopathic Medicine. His focus now has become to take complex topics and make it understandable to all. He is a educator at heart and is driven to help you learn the information that is relevant to you. He started his media company, ShakTalks to democratize content creation for the digital age. When he is not elevating his community, he enjoys spending time with his wife and children. The question that drives him through life is, why?

Book preview

THE

FINANCIAL

PLANNER

BEGINNER’S EDITION

Invest with $5

College Graduates

Airbnb 6 Figure Returns

6 Figure Jobs Residual Income

Jasir Jilani

Co-author: Shakil Ahmed

Copyright © 2018 by Jasir Jilani.

Library of Congress Control Number:     2018909248

ISBN:                 Hardcover             978-1-9845-4525-1

                           Softcover               978-1-9845-4524-4

                           eBook                   978-1-9845-4528-2

All rights reserved. No part of this book may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage and retrieval system, without permission in writing from the copyright owner.

The views expressed in this work are solely those of the author and do not necessarily reflect the views of the publisher, and the publisher hereby disclaims any responsibility for them.

Any people depicted in stock imagery provided by Getty Images are models, and such images are being used for illustrative purposes only.

Certain stock imagery © Getty Images.

Rev. date: 09/29/2018

Xlibris

1-888-795-4274

www.Xlibris.com

782016

CONTENTS

Preface

Chapter 1   Home Ownership As An Income Asset

Chapter 2     The Finances Behind Purchasing Your

First Home

Chapter 3     How To Airbnb Your Home For Steady

Income

Chapter 4     Your Fico Credit Score & It’s Importance

Chapter 5     College & Jobs!

Chapter 6     Investing & Saving 101

Chapter 7     Digital Currencies & Their Practical Use

Chapter 8     Financial Education Recap Before You Hit 30

Chapter 9     The Mind & Entrepreneurship

Chapter 10   Starting A Business A.k.a. Startups

Conclusion

References

PREFACE

Page%201%20Debt.jpg

Growing up in New York City meant being submerged into a melting pot that all tried to achieve the same thing – educational career success. Maneuvering through public schools in densely populated cities with expectations as grand as the Taj Mahal were only part of the nightmares I faced, especially in a city as big as New York. Unfortunately, our schools never empowered us with the appropriate financial education to make sound financial decisions, balance our checkbooks or learn to earn a living without breaking the bank. Like most others, I was taught that a 90 average equated to success and that all doctors and engineers earn a top-notch salary and all would be well.

What school didn’t teach me was how to pick the right college, how to pick the right career, how to balance a checkbook, how to negotiate my salary, how to buy a home or how to take the right steps to get a good credit score. Furthermore, how do I invest and where do I get started? How much do I need to save, in order to raise a child? These questions were central to my focus of interest as I didn’t want to spend decades working to achieve that ideal state we like to call financial wellness or financial freedom. Much like myself, 96.2% of college students surveyed throughout the United States shared the same experience when it came to colleges, finances, and loans.

In light of these gaping holes, we (Shakil & myself) decided to put forth an easy to understand manual that empowers the average high school student or college student/graduate to make sound choices and decisions pertaining to their financial portfolio. Make no mistake this book is for everyone —and I mean everyone…. The goal of this literature is not to disengage individuals who have no financial jargon, in fact, it’s quite the opposite. We want to show you guys that the old paradigm of college, work, retirement at 65 doesn’t work anymore. We want to help you pursue your dreams, whether its college or not, help you get a job that pays well without breaking the bank and start a residual income stream so that you can actually enjoy your time with your spouse or future children to come.

Financial freedom is the ultimate goal for each and every single individual. However, when you’re 18 or 22, the choices needed to get to that goal may not be so clear. From thinking about finding the right apartment to finding a job, these are all choices you need to be smart about. The book is divided into short narratives that discuss situations that help you find solutions to the most common problems experienced by graduates in densely populated cities. Please bear in mind that the book touches upon and highlights the roadmap to success, but doesn’t cover the detailed step by step procedural knowledge required to succeed. For that, we’ve created our online courses that are available on JasirJilani.com and Shaktalks.com. For those individuals who are visual learners, we totally get it. This book may not be for you… But… have no worries — visit us on YouTube @ShakTalks to get the condensed version.

Understanding the Book

The book is broken down into sections where either I (Jasir) or Shakil are answering questions and scenarios pertaining to the topic. {{Shakil}} indicates that the content is written by him and any questions pertaining to it should be addressed to him. Sections titled {{Jasir}} correspond to the questions and scenarios written by me and should be addressed accordingly.

CHAPTER 1

Home Ownership As An Income Asset

Page%203%20House%20for%20Sale.jpg

Thought Bubble: As Americans, we waste $1,500 a month on rent. That’s $18,000 a year…$720,000 over the course of an average lifetime. Doesn’t that sound bizarre to you? We have to pay to live somewhere and then vacate it when the owner decides it’s time for us to go? Spend $720,000 to provide a roof under your head forever? That seems pretty odd.

How to Never Truly Pay Rent

If you are like the millions of Americans who are struggling to pay rent or wondering what can be done to lower your rent, you are certainly not alone. Rent is basically a recurring payment for occupying the area that you sleep and eat in. Each year, this number goes up and eventually you’re being asked to put more and more until, well, you’re dead. Instead, think of buying— irrespective of whatever market condition you currently live in. Buying a property has an infinite list of rewards. In addition to reaping the merits of home ownership, it’s actually far more effective from a financial aspect as well. Think about it….

Every time you buy a home, there is a value to that house, let’s call it X dollars. Each time you make a mortgage payment, it chips away at the total amount you owe and by the end of the year you technically have an asset that you can sell back in the open market.