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Seven Financial Books Nike Employees Must Read

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Healthcare Provider Update: Healthcare Provider for Nike For its employees, Nike primarily collaborates with UnitedHealthcare as its healthcare provider. This partnership facilitates access to a range of insurance plans that cater to the health needs of its workforce. --- Healthcare Cost Increases for Nike in 2026 In 2026, Nike employees may face significant increases in healthcare costs, as the Affordable Care Act (ACA) marketplace anticipates sharp premium hikes across the country. With some states projected to see premium increases exceeding 60%, Nike may adjust its benefits in response to soaring medical expenses. Factors such as the expiration of enhanced federal subsidies and ongoing medical cost inflation could force Nike to pass more expenses onto employees, making it crucial for workers to review their health plans and financial strategies ahead of these changes. As employers like Nike navigate these economic pressures, employees are urged to stay informed about potential impacts on out-of-pocket costs and consider their options thoughtfully. Click here to learn more

Navigating the multitude of options available to secure a financially stable future can often feel overwhelming when it comes to personal finance. There are many options and complicated advice available when deciding whether to concentrate on paying off debt, making prudent investments, or increasing income. However, it is possible to become financially independent, as many professionals who have written enlightening books to assist people in this process have attested.

In an effort to simplify this extensive collection of resources, the esteemed Kiplinger Advisor Collective—one of the top organizations in the personal finance space—has selected seven exceptional books that offer priceless financial management guidance.  These choices are tools for changing your financial perspective and behavior, not just books.

Napoleon Hill's 'Think and Grow Rich'

'Think and Grow Rich,' a famous book by Napoleon Hill, is highly regarded as a success guide. It shows that financial success is achievable with a strong belief in one's objectives, a well-thought-out plan, unrelenting pursuit, and teamwork. Dennis Futch of The Tax Shop said that one of the main tenets of Hill's teachings is this idea of self-belief and perseverance, citing the book as a crucial resource from his high school years. Nike employees can find great value in Hill's principles, applying them to both personal and professional goals.

William D. Danko and Thomas J. Stanley's 'The Millionaire Next Door'

This book explores the behaviors of those who have subtly amassed riches. It highlights ideas like the importance of compound interest and living within or below one's means. According to Dennis McNamara of wHealth Advisors, the book changed his perspective on wealth and gave hope that anyone from a low-income background might achieve the dream of becoming a millionaire. Nike employees can draw inspiration from these strategies to enhance their financial stability.

'Your Money Vehicle: How to Begin Driving to Financial Freedom!' by Collins Jedidiah

The work of Jedidiah Collins focuses on financial literacy, an important but sometimes disregarded facet of education. The goal of his book and the instructional program that goes along with it, Money Vehicle, which has been embraced by schools in more than 20 states, is to give young people the fundamental money skills they will need as adults. Lifestyle Investor Justin Donald supports this strategy, emphasizing its immediate advantages and useful uses. Nike employees, particularly those with children, can benefit from the principles taught in this book.

George S. Clason's 'The Richest Man in Babylon'

The everlasting financial lessons found in George S. Clason's book are told through ancient Babylonian parables. It is praised for its simple financial guidance that holds true both now and in the past. This book, according to Wasabi Technologies' Amrita Choudhary, has had a significant influence. She notes that its ideas may be immediately implemented to achieve wealth and financial stability on an individual basis. Nike employees can utilize these timeless principles to secure their financial futures.

Dave Ramsey's 'The Total Money Makeover'

Dave Ramsey's strategy starts with debt removal and consists of a number of doable actions leading up to financial recovery. 'The Total Money Makeover' presents a methodical approach to financial planning that prioritizes behavioral modification above intricate financial strategies. This book is recommended by Black Briar Advisors' Stephen Nalley for individuals looking for a disciplined route to financial freedom. Nike employees looking to eliminate debt and achieve financial independence will find this book particularly useful.

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Richard Carlson's 'Don't Sweat the Small Stuff...and It's All Small Stuff'

Richard Carlson's book conveys a philosophy that can have a significant influence on financial decision-making, even if it is not solely about money. It shows how important it is to keep your attention on the important things and not get too worked up over little things. Bob Chitrathorn, of Simplified Wealth Management's Wealth Planning division, values the life lessons that extend to personal money. Nike employees can benefit from Carlson's advice to maintain focus on their long-term financial goals.

Robert Kiyosaki's 'Rich Dad Poor Dad'

In his books, Robert Kiyosaki promotes financial wisdom and the purchase of income-producing assets rather than frivolous expenditures. Even if he doesn't share all of Kiyosaki's viewpoints, Zain Jaffer of Zain Ventures values his honest analysis on the responsible use of debt. Nike employees can apply Kiyosaki's lessons on investing and asset management to grow their wealth.

From strategic planning and investment to comprehending the psychological aspects of money management, each of these books presents a different perspective on personal finance. These books offer a strong basis for anyone, including Nike employees, wishing to improve their financial plan to build a thorough understanding of how to obtain and preserve financial independence.

The significance of estate planning in financial literacy is growing, according to recent studies, especially for people who are nearing or have already reached retirement. In 2022, the American Association of Retired Persons (AARP) conducted a survey which revealed that while more than 60% of Americans over 50 acknowledge the need of estate planning, fewer than half have revised their wills or estate plans during the previous five years. This highlights a significant void in financial literacy, which these suggested books somewhat fill by encouraging an all-encompassing method of shielding and preserving one's financial legacy.

It would be as difficult to navigate a wide ocean without a chart or compass as it would be to manage your financial destiny without assistance. Like diverse navigational instruments on a ship, the books suggested by the Kiplinger Advisor Collective serve as your navigational tools, each providing unique insights and techniques. With 'Think and Grow Rich' acting as your sextant, helping you visualize and work toward your goals, and 'The Total Money Makeover' acting as your solid helm, guiding you through the rough seas of debt, these books provide you the tools you need to set a course for prosperity and financial security when you're retired.

Nike employees can greatly benefit from the wisdom contained in these books. By integrating their insights into your financial planning, you can steer your financial ship towards a secure and prosperous future. Whether you're just starting your career at Nike or approaching retirement, these resources will help you navigate your financial journey with confidence and clarity.

What type of retirement savings plan does Nike offer to its employees?

Nike offers a 401(k) retirement savings plan to help employees save for their future.

Does Nike provide a company match for contributions made to the 401(k) plan?

Yes, Nike provides a company match on employee contributions to the 401(k) plan, which helps boost retirement savings.

What is the eligibility requirement for Nike employees to participate in the 401(k) plan?

Nike employees are generally eligible to participate in the 401(k) plan after completing a specified period of service, typically within the first year of employment.

Can Nike employees choose how their 401(k) contributions are invested?

Yes, Nike employees have the option to choose from a variety of investment options within the 401(k) plan, allowing them to tailor their investment strategy.

What is the maximum contribution limit for Nike employees participating in the 401(k) plan?

The maximum contribution limit for Nike employees is set by the IRS and may change annually; employees should check the latest guidelines for the current limit.

Are there any fees associated with Nike's 401(k) plan?

Yes, like most 401(k) plans, Nike's plan may have administrative fees and investment-related fees, which are disclosed in the plan documents.

Does Nike allow employees to take loans against their 401(k) savings?

Yes, Nike allows eligible employees to take loans against their 401(k) savings, subject to specific terms and conditions outlined in the plan.

What happens to my 401(k) savings if I leave Nike?

If you leave Nike, you can choose to roll over your 401(k) savings into another retirement account, cash out, or leave it in the Nike plan if allowed.

How can Nike employees access their 401(k) account information?

Nike employees can access their 401(k) account information through the company’s designated retirement plan website or by contacting the plan administrator.

Does Nike offer any educational resources to help employees understand their 401(k) options?

Yes, Nike provides educational resources and tools to help employees understand their 401(k) options and make informed investment decisions.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Nike offers a defined contribution 401(k) plan with company matching contributions. Employees can contribute pre-tax or Roth (after-tax) dollars, and Nike matches 100% of the first 5% of eligible compensation. The plan includes various investment options, such as target-date funds, mutual funds, and a self-directed brokerage account. Nike also provides an Employee Stock Purchase Plan (ESPP) with a discount on company stock. Financial planning resources and tools are available to help employees manage their retirement savings.
Nike offers RSUs that vest over time, providing shares upon vesting. Stock options are also part of their compensation plan, allowing employees to purchase shares at a set price.
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