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    Taking The First Step To Financial Security
    Taking The First Step To Financial Security
    Taking The First Step To Financial Security
    Ebook78 pages42 minutes

    Taking The First Step To Financial Security

    By KEN MOLLAN

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    About this ebook

    Welcome to 'Taking the first step to Financial Security. A Primer on Financial Literacy.' In this book, we'll explore the essentials of financial literacy, guiding you through the complex world of finances. From insurance basics to stocks, bonds, and even Investing in precious metals, we provide the knowl

    LanguageEnglish
    PublisherBook Publishers USA
    Release dateFeb 1, 2024
    ISBN9798869167538
    Taking The First Step To Financial Security

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      Book preview

      Taking The First Step To Financial Security - KEN MOLLAN

      TAKING THE FIRST STEP TO FINANCIAL SECURITY

      A PRIMER ON FINANCIAL LITERCY

      BY

      KEN MOLLAN

      COPYRIGHT

      All rights reserved. No part of this publication may be reproduced, distributed, or transmitted in any form or by any means without the prior written permission of the author.

      ISBN:

      978-1962224871 (Paperback)

      978-1962224888 (Hardback)

      TABLE OF CONTENTS

      DEDICATION

      ABOUT THE AUTHOR

      FOREWORD

      MANAGING YOUR CHECKBOOK REGISTER

      CREDIT CARDS VS. DEBIT CARDS

      RULE OF 72:

      NET WORTH

      OBTAINING A RESIDENTIAL APPRAISAL FOR ESTATE PLANNING

      ESTATE PLANNING

      FICO SCORE

      HOMEOWNERS’ INSURANCE

      LIFE INSURANCE

      AUTOMOBILE INSURANCE

      SECURING A HOME LOAN OR MORTGAGE

      STOCKS

      MUTUAL FUNDS AND ETF’S

      BONDS

      ANNUITIES

      CREDIT UNION AN ALTERNATIVE TO BANKS

      CRYPTOCURRENCY

      401(K) RETIREMENT SAVINGS ACCOUNT:

      INDIVIDUAL RETIREMENT ACCOUNT(S)

      REAL ESTATE

      INVESTING IN GOLD AND SILVER

      THE POWER OF GOAL SETTING

      CLOSING PROMOTION

      DEFINITIONS

      RECOMMENDED READING

      DISCLAIMER OF LIABILITY

      DEDICATION

      This book is dedicated to my loving wife, Linda, and my two daughters, Melissa and Jessica. If not for their love and support, I would not be the man that I am. It is their love and support where my true wealth lies.

      ABOUT THE AUTHOR

      Kenneth A. Mollan (Ken) has taken a non-linear career path, which has led him to a diversified life experience. After graduating from Northern Illinois University DeKalb, IL, with a degree in Marketing/Finance, he went to work for the Hartford Insurance Company as an all-lines investigative insurance adjuster. There, he handled claims ranging from property losses, medical malpractice, auto, surety-bond, and worker’s comp to general liability.

      He left that position to be the claims manager for a former legacy trucking company; that opportunity led to a 25-year career in transportation logistics. However, while working in the logistics industry, he obtained his series 6 and 63 Licenses and later went on to obtain his life and health license and his property and casualty license.

      In 1995, he was the co-founder and President of Ear-Clear, Inc., a manufacturer of the Sta-Put pet station, a pet feeding system. The introduction into the marketplace was on QVC, and since then, the Sta-Put Pet station has sold worldwide through being carried by Sharper Image, Orvis, Hammacher-Schlemmer, Sky Mall and others. The product currently has been licensed to Flipo Group and is again available through QVC and Amazon. Ken is an inventor and holder of two patents.

      In the spring of 2000, he founded Seventh Wave Investments, a real estate and asset portfolio company; this is a privately held equity group.

      In January 2004, Ken obtained his real estate license, and in October of 2005 obtained his Real Estate Appraiser License, and in November 2006, he became a Certified Residential Appraiser; after working for another appraisal firm for several years, Ken opened up his own appraisal firm, Greater Midwest Appraisals, LLC in 2013, which he currently operates with a staff of five appraisers, they perform both residential, commercial appraisals and consultations. Ken is a Certified Residential Appraiser in both Illinois and Colorado.

      In January 2008, Ken founded First Step Financial Educators, the precursor to this book. Ken is a serial entrepreneur, having founded several companies, including Peddle Power Promotions, an eco-friendly bicycle-powered advertising and promotions company. BEYOND Home Performance, a company that performed an audit on a person's home sustainability and energy efficiency. He founded Starved Rock Pedi-Cab and Steamboat Basin Livery. Both these companies operate as interpretive eco-tours along the Illinois–Michigan Canal in North Central Illinois. The tours detail the importance of the Illinois-Michigan Canal, and how the canal served as a linchpin for world trade from New Orleans to the eastern seaboard. There have been several more businesses that were less successful but provided invaluable learning experiences.

      Ken is married and lives with

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