What will I learn about: how the power of compound interest and employer-matched retirement contributions can rapidly accelerate your long-term wealth?

Discover how the power of compound interest and employer-matched retirement contributions can rapidly accelerate your long-term wealth.

What will I learn about: Learn why completely paying off your credit card balance every month is essential to avoid losing money to exorbitant interest rates?

Learn why completely paying off your credit card balance every month is essential to avoid losing money to exorbitant interest rates.

What will I learn about: how to build a reliable financial safety net of three to six months' living expenses by using automatic transfers?

Understand how to build a reliable financial safety net of three to six months' living expenses by using automatic transfers.

What will I learn about: why ancient evolutionary survival instincts trigger modern-day impulse shopping, and learn how to counter these ingrained habits?

Find out why ancient evolutionary survival instincts trigger modern-day impulse shopping, and learn how to counter these ingrained habits.

What will I learn about: your monthly budget by ensuring your fixed expenses stay below 50 percent of your pretax income while dedicating at least 12 percent to retirement?

Master your monthly budget by ensuring your fixed expenses stay below 50 percent of your pretax income while dedicating at least 12 percent to retirement.

From Here to Financial Happiness

Enrich Your Life in Just 77 Days

Jonathan Clements

★ 4.0 / 5(122 ratings)

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Categories:

Money & Investments

If You're Curious About These Questions...

You should listen to this audiobook

💡What if you could replace your financial anxiety with a clear, step-by-step roadmap to lifelong security in just 77 days?
💡Have you ever wondered why some people with modest incomes retire wealthy while high earners often struggle—and what secret strategy sets them apart?
💡Are you curious about how to align your daily spending with your deepest values so that every dollar you spend actually makes you happier?

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Key Takeaways from From Here to Financial Happiness

✓Discover how the power of compound interest and employer-matched retirement contributions can rapidly accelerate your long-term wealth.
✓Learn why completely paying off your credit card balance every month is essential to avoid losing money to exorbitant interest rates.
✓Understand how to build a reliable financial safety net of three to six months' living expenses by using automatic transfers.
✓Find out why ancient evolutionary survival instincts trigger modern-day impulse shopping, and learn how to counter these ingrained habits.
✓Master your monthly budget by ensuring your fixed expenses stay below 50 percent of your pretax income while dedicating at least 12 percent to retirement.

Learning Tools

Reinforce what you learned from From Here to Financial Happiness

Mind Map

From Here to Financial Happiness

The Basics of Saving+

Emergency Funds+

Overcoming Evolutionary Instincts+

Frugality and Health+

Smart Insurance Choices+

Managing Car Expenses+

Everyday Prudence & Investing+

Retirement Planning+

Automation+

Quiz — Test Your Understanding

Question 1 of 10

What is the first basic rule the book suggests for employees looking to improve their financial health?

A. Avoid using credit cards completely to prevent debt.
B. Maximize the benefits of your employer’s retirement savings plan match.
C. Invest at least half of your salary into high-yield stocks.
D. Open an emergency fund with at least one year of living expenses.

Question 2 of 10

Why might a specialized professional, such as an executive, need a larger emergency fund compared to a waiter?

A. Executives typically have significantly higher monthly discretionary expenses.
B. Executives are usually not eligible for standard government unemployment benefits.
C. Specialized roles take longer to find, extending the period of unemployment.
D. Waiters can easily rely on cash tips during periods of unemployment.

Question 3 of 10

According to the author, how do our ancestors' survival instincts negatively impact our modern financial decision-making?

A. They make us overly fearful of taking calculated investment risks.
B. They lead us to hoard cash instead of investing it in the stock market.
C. They encourage us to rely too heavily on community resources and loans.
D. They cause us to overindulge and make poor investments out of over-enthusiasm.

Question 4 of 10

What is the maximum percentage of your pre-tax income that should go toward fixed monthly expenses like rent, a mortgage, and utilities?

A. 12 percent
B. 16 percent
C. 33 percent
D. 50 percent

Question 5 of 10

How does the author primarily connect financial frugality to improved physical health?

A. Cooking at home is always healthier than eating at expensive restaurants.
B. Poor spending habits are often tied to costly, unhealthy addictions like smoking or drinking.
C. Saving money reduces financial stress, which directly lowers blood pressure.
D. Frugal people walk or cycle more often to save money on transportation.

Question 6 of 10

Under what circumstance does the author suggest that paying for life insurance makes no sense?

A. When you are a 40-year-old professional with a spouse and young children.
B. When you are a young professional without employer-provided disability coverage.
C. When you have reached retirement age and your children are all grown up.
D. When you have less than three months of living expenses in an emergency fund.

Question 7 of 10

To avoid overspending on transportation, the author recommends that the total annual cost of your car should NOT exceed what percentage of your yearly income?

A. 12 percent
B. 15 percent
C. 16 percent
D. 33 percent

Question 8 of 10

What prerequisite does the author insist upon before you start buying individual company stock?

A. You should have already paid off your home mortgage in full.
B. You must have a robust safety net, including a healthy pension and emergency fund.
C. You need to have maximized the cashback rewards on all your credit cards.
D. You should wait until you are nearing retirement age to minimize market risk.

Question 9 of 10

Why does the author advise starting to practice your retirement hobbies years before you actually retire?

A. It allows you to monetize your hobbies and supplement your retirement income early.
B. Hobbies are cheaper to learn when you are younger and have a steady income.
C. It prevents the frustration of learning a new skill at an advanced age and helps avoid retirement depression.
D. It proves to your employer that you are ready to transition into part-time work.

Question 10 of 10

What is the primary benefit of automating your monthly payments, according to the book's final actionable advice?

A. It forces realism about your finances and protects your credit score by preventing missed payments.
B. It eliminates the need to track your daily discretionary spending.
C. It automatically redirects 12 percent of your income into an emergency fund.
D. It allows you to negotiate lower interest rates with your credit card company.

From Here to Financial Happiness — Full Chapter Overview

1Recommendation
21 — Simple paths to healthier finances start with understanding saving.
32 — Build a financial safety net in case you lose your job.
43 — Deep-rooted evolutionary behavior can lead to poor money decisions, but better habits can overcome it.
54 — Frugality leads to stronger finances and better health.
65 — Insurance can be valuable, but it isn’t always needed.
76 — Cars can drain your money, but there are ways to limit the damage.
87 — Grow your wealth through everyday prudence and careful company stock purchases.
98 — Retirement planning means saving now while preparing for the future.
109 — Final summary

From Here to Financial Happiness Summary & Overview

From Here to Financial Happiness (2018) presents you with simple tools to help overcome anxiety about your finances, showing you how best to put aside enough money to lead a comfortable life and for retirement.

Who Should Listen to From Here to Financial Happiness?

Financial advisors
Millennials who want to save some money
Credit card holders and anyone with debt

About the Author: Jonathan Clements

Jonathan Clements is a financial planner who was previously a financial consultant at Citigroup, the global investment bank. He has been a frequent contributor to the Wall Street Journal and is the author of several other books, including How to Think About Money (2016). He is also the founder of HumbleDollar.com, a financial guidance website.

© Jonathan Clements: From Here to Financial Happiness copyright 2018, John Wiley & Sons Inc. Used by permission of John Wiley & Sons Inc. and shall not be made available to any unauthorized third parties.

From Here to Financial Happiness

If You're Curious About These Questions...

Listen to From Here to Financial Happiness — Free Audiobook

Key Takeaways from From Here to Financial Happiness

Learning Tools

Mind Map

Quiz — Test Your Understanding

From Here to Financial Happiness — Full Chapter Overview

From Here to Financial Happiness Summary & Overview

Who Should Listen to From Here to Financial Happiness?

About the Author: Jonathan Clements

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