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Your Money Ratios: 8 Simple Tools for Financial Security #2020

Your Money Ratios: 8 Simple Tools for Financial Security By Charles Farrell Your Money Ratios Simple Tools for Financial Security 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 f
  • Title: Your Money Ratios: 8 Simple Tools for Financial Security
  • Author: Charles Farrell
  • ISBN: 9781583333631
  • Page: 492
  • Format: Hardcover
  • Your Money Ratios: 8 Simple Tools for Financial Security By Charles Farrell 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 businessesA 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.
    Your Money Ratios: 8 Simple Tools for Financial Security By Charles Farrell Your Money Ratios The Money Ratios are exceptional tools because they pack a great deal of information into a very simple format and allow you to benchmark your situation against the ratios REVIEWS are coming in Click here to see what people are saying about Your Money Ratios. Your Money Ratios Simple Tools for Financial Security 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 to get an instant picture of their savings status and overall financial health, as well as a road map for the important choices for the future. Your Money Ratios Simple Tools for 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. Your Money Ratios Simple Tools for Financial Security 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. Review Your Money Ratios The Simple Dollar Mar , Your Money Ratios succeeds in setting up a handful of numerical rules for people to simply follow and if they follow them, they will find themselves in a reasonably good financial spot In places, the book does a good job of explaining the why behind the ratio and the numbers are largely based on good principles though I think the predictions about future returns are a bit strong. Important Money Ratios to Remember Best Wallet Hacks Important Money Ratios to Remember Budgeting Ratio Put at least , towards your retirement accounts, emergency fund, or your debts Pay no X Monthly Expenses Emergency Fund Ratio How much should you have in your emergency fund The Book Your Money Ratios Your Money Ratios provides you with an incredibly practical, simple and effective tool for managing your finances The logic of the formula is quite compelling and
    • [Ý Your Money Ratios: 8 Simple Tools for Financial Security || ↠ PDF Download by ✓ Charles Farrell]
      492 Charles Farrell
    • thumbnail Title: [Ý Your Money Ratios: 8 Simple Tools for Financial Security || ↠ PDF Download by ✓ Charles Farrell]
      Posted by:Charles Farrell
      Published :2020-02-24T01:17:59+00:00

    About "Charles Farrell"

    1. Charles Farrell

      Charles Farrell Is a well-known author, some of his books are a fascination for readers like in the Your Money Ratios: 8 Simple Tools for Financial Security book, this is one of the most wanted Charles Farrell author readers around the world.

    550 Comments

    1. I want to like this book.The author has a solid grasp of safe withdrawal rates established by the Trinity study as well as realistic portfolio success rates based on historic periods However, there is very much an assumption baked in that this book is targeted at someone working to full retirement age and then living on than they were making while working That is, work until you re 65 while living on 60% of your gross salary and then you can live on 80% in retirement If your goal is to retire s [...]


    2. A well written and easy to follow book on personal finance based on a unique angle It presents 8 ratios, or rules of thumb that you can follow to know where you stand financially, and to answer questions such as Am I saving enough Is this mortgage too much for me to afford How much should I spend on disability insurance, or do I even need it The author has done a great deal of number crunching to present the ratios in the form of tables, where you simply look up your age and income to get a benc [...]


    3. Interesting book which simplifies finance Accumulate 12x of your final salary on the day you retire the ultimate goal , earn at least 8% annually over the lifetime of your investments, withdraw 5% of that every year, and live on 80% of what you earned at retirement Simple.


    4. The book describes important ratios wrt your income, savings etc and provides you a simplistic approach to manage your finances.


    5. Of all the personal finance books that I ve read, this has been one of the best The ratios described help you track your progress towards securing your financial future Elegant in their simplicity, they rely on a hundred years of financial data to provide a reality check that ensures that you ll have enough money to provide for a secure retirement Just as important, the author explains the steps you need to take to protect your financial resources through prudent investing strategies, using insu [...]


    6. He approaches personal finances like a business and using ratios as a tool to measure wealth accumulation Stresses the importance of taking emotion out of finances His basic theory is that your decisions should move you from being a laborer being paid for your work to being a capitalist being paid for your money The application is to ask Will this debt investment insurance move me from laborer to capitalist He did an excellent job explaining insurance Many people don t understand that portion of [...]


    7. I stumbled upon this book on the new books shelf at the library and I m so glad I did It gave me a whole new perspective on finances Prior to reading this book, the how to of retirement planning was a very nebulous concept in my mind But after reading the book, I feel like I now have a very good road map for approaching retirement, as well as other tools for financial security This book is very practical Farrell teaches you what you need to know about social security, investing, health insurance [...]


    8. This is a good beginning financial book for anyone who needs one, and a good check in for anyone further along in their financial life For me, I m happy that it answers two questions that always nag me do we have enough saved for retirement and how much should we save this year Farrell breaks it down into ratios you need to save x times your income to maintain a good savings rate and you need to have x amount in the bank to retire comfortably at age 65 He also explains how he obtains these numbe [...]


    9. Most personal finance is really simple, and I love to see books strip it down to the very bare bones, but here there were just too many places where there were total palm to the face errors He uses a 5.5% expected return for treasuries, yes this is what treasuries have yielded historically, but you can be assured that you re not going to earn that with treasuries that you buy in 2015 He suggests a 50 50 stock bond split for people as young as 20 years old He suggests that people not invest in an [...]


    10. I wanted to like this book, because the ratios seemed both conservative and easy to keep track of However, the advice was just way too broad and simplistic spend as little as possible on a car, for instance When the author glossed over the differences between a 401k and a Roth IRA and implied that the tax advantages for both vehicles are pretty similar over the long haul, I stopped reading but did skim the rest of the book If you re looking for a good intro to personal finance book, I d suggest [...]


    11. This book is one gigantic rule of thumb , useful for people anxious about how they re doing financially However, because it s set as a one size fits all proposition, its utility is limited for anyone who doesn t fit the mold e.g retiring early, alternative retirement lifestyles, etc Seems to set a reasonable minimum bar for people who don t want to think too much about it that s just not for me.


    12. I have read a lot of personal finance books and this book is surely unique It gives you perspective and helps you to keep the long view through out your career Keep debt in check and don t over extend yourself Just wish I would have read this book when I got out of college Highly recommended.


    13. Quickly glanced the book Capital to Income ratio, Savings ratio, and Investment ratio are recommended like it is cast in stone not that it is particularly bad It s rare that people would stick their neck out and firmly hold the magic number In any case, worth to be considered in your personal finance implementation Not keen on the insurance section.


    14. A useful introduction to all of the financial considerations e.g retirement savings, life insurance, health insurance, etc a young professional should start considering I now know what a 401 k is, and how it is different from a Roth 401 k


    15. This is one awesome book It gives a template on how to manage your financial life through simple ideas ratios The reasons for the ratios are quite good too This will be one book I will go back to from time to time.


    16. I loved it I have never seen a financial book that showed me how to balance what I might get in a pension type funds with my style of living to find out how much I should be saving each year toward retirement.


    17. A very interesting book that will add valuable insight into your financial security As the title states, the book is full of different ratios that will help you to better understand where you are, where you need to be before retirement I found it to be most helpful


    18. not recommend if you are going into business or become an investor, but it is definitely a great book for the one in employment who like to play safe and minimize the risk of their retirement.



    19. Wish I had been given this book when I graduated college Great basic rules for becoming financially a capitalist vs a laborer.




    20. Commonsense advice and easy to use tools for getting on track towards retirement For actual investment allocation, I would look to someone like Bogle.


    21. I liked how the information was presented in this book It was a very quick read that provided actionable advice to create a simple yet effective plan.



    22. Very helpful and informative book Not a one stop shop for all things financial but great overview of many topics and the ratios are great I found it as a recommendation on the forums of mint



    23. I like this for its simplicity and tables Not sophisticated and technical to take you thru the back calculations that this must take, but good for the everyday person to hold some rules of thumb



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