Your Money Ratios: 8 Simple Tools for Financial Security at Every Stage of Life [NOOK Book]

Overview

A troubled economy calls for answers. Forget complicated, abstract philosophy—people need sound financial advice that's easy to follow and can be implemented immediately. For the first time, a leading financial adviser has developed a remarkable set of guidelines to give individuals the same kind of objective insight into their personal finances that successful businesses have. Your Money Ratios will help readers effectively manage debt, invest prudently, and develop a realistic and effective savings plan to ...
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Your Money Ratios: 8 Simple Tools for Financial Security at Every Stage of Life

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Overview

A troubled economy calls for answers. Forget complicated, abstract philosophy—people need sound financial advice that's easy to follow and can be implemented immediately. For the first time, a leading financial adviser has developed a remarkable set of guidelines to give individuals the same kind of objective insight into their personal finances that successful businesses have. Your Money Ratios will help readers effectively manage debt, invest prudently, and develop a realistic and effective savings plan to ensure both financial success and security. Readers need only plug their income and age into Farrell's ratios in order to get an instant picture of their savings status and overall financial health, as well as a roadmap for the important choices they must make in the future. Here’s what you will find in this book:

IF YOU ARE IN YOUR 20s OR 30s: Your Money Ratios will tell you how to get started and what you need to do over the next 35 years to stay on track. If you are lucky enough to read this book when you are young, you will have a clear vision for where you need to go throughout your working career. By setting yourself on the right path, you won’t have to work so hard later in life to meet your goals.

IF YOU ARE IN YOUR 40s: You can benchmark your own financial circumstances against the ratios and see how you are doing with respect to your savings, debt, investments and insurance. You have plenty of time to make adjustments if necessary and plot out your path to retirement.

IF YOU ARE IN YOUR 50s: The formula will provide you with a realistic assessment of your ability to retire. It will help you make the important decisions about how to allocate your financial resources over the next 10 to 15 years, and how to put on the final push for retirement.

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Product Details

  • ISBN-13: 9781101162903
  • Publisher: Penguin Publishing Group
  • Publication date: 12/24/2009
  • Sold by: Penguin Group
  • Format: eBook
  • Pages: 272
  • Sales rank: 278,029
  • File size: 822 KB

Meet the Author

Charles Farrell, J.D., LL.M., is an investment adviser with Northstar Investment Advisors, which has more than $300 million assets under management. His column, “Retirement Roadmap,” appears on the CBS Moneywatch site, and his research is frequently cited in The Wall Street Journal, Smart Money, the Chicago Tribune, and many other consumer and professional media outlets. He lives in Denver, Colorado.
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Table of Contents

Introduction A Simple, New Perspective 1

1 The Capital to Income Ratio 15

2 The Savings Ratio 28

3 Social Security 48

4 Where to Save Your Money 59

5 The Debt Ratios 75

6 The Investment Ratio 112

7 Stocks and Bonds 101 138

8 Ignoring Wall Street 159

9 The Disability Insurance Ratio 167

10 The Life Insurance Ratio 178

11 The Long-Term Care Insurance Ratio 188

12 Health Insurance 207

13 Getting Professional Help 221

14 Pulling It All Together 235

Appendix Special Situations 239

Acknowledgments 247

Index 249

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Sort by: Showing 1 – 6 of 3 Customer Reviews
  • Anonymous

    Posted July 14, 2012

    This book is awesome. It is very simple and straight-forward. In

    This book is awesome. It is very simple and straight-forward. In a matter of minutes you'll know if your finances are where they need to be. It answers the question: how am I doing?

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  • Anonymous

    Posted February 2, 2011

    Covers many financial areas!

    This is a great introductory book on financial many topics: from stocks to longterm care insurance. It's a simple road map to retirement, financial independence, and financial security. The debt-to-income ratios only include mortgages and student debt but I expected more on other debts (i.e. car loans, credit cards). However, the author offers a good justification for the omission.

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  • Anonymous

    Posted January 17, 2010

    No text was provided for this review.

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    Posted November 19, 2010

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  • Anonymous

    Posted January 13, 2010

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    Posted January 1, 2010

    No text was provided for this review.

Sort by: Showing 1 – 6 of 3 Customer Reviews

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