“The future comes sooner than you might think. Reading What’s Your Future Worth? is a great way to prepare.”
—Steve Vernon, FSA, author of Money for Life
“Provides a great deal of important insight into the intractability of the future, the idiosyncratic nature of how humans perceive the passage of time, and how best to approach the many decisions that all of us face on a day-to-day basis.”
—Eric Baum, PhD, computer scientist and expert on artificial intelligence; CEO, Azure Sky Research; and author of What Is Thought?
“A must-read for professionals and the general public alike. If only bankers had had this book in the early 2000s, we might have been spared the Great Recession!”
—James Kenney, FSA, EA, President and CEO, Kenney Consulting LLC
“Makes Present Value compelling, interesting, and accessible; it’s a concept for us all to embrace in making important life or financial decisions for the short term, long term, and even the very distant future as our legacies.”
—Jennifer S. Gorovitz, estate planning and nonprofit attorney, Manatt, Phelps & Phillips, LLP, and former CEO, Jewish Community Federation and Endowment Fund of San Francisco
Introduction: Thinking about the Future in a Systematic Way
1. Mordecai’s Proposition–A Question of Present Value
2. Present Value in the Day-to-Day World
3. Making Big Decisions
4. The Mechanics of Present Value–What Is a Discount Rate?
5. Step 1–Clarify the Choice
6. Step 2–Imagine the Future
7. Step 3–Evaluate the Possibilities
8. Step 4–Weigh the Now and the Later
9. Step 5–"Do the Numbers"
10. Present Value for Organizations and Communities
11. When Money Doesn't Matter
12. Present Value and the Distant Future–Planting Trees and Leaving a Legacy
13. The Value of the Actuarial Perspective and "The Rest of Your Life"
Notes and References
About the Author