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Your Money Ratios: 8 Simple Tools for Financial Security

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: null
  • Page: 108
  • Format: Kindle Edition
  • 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 Rations 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 rations 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 Some key rations include The Capital to Income Ratio how much capital savings you should have if you plan to retire at 65 The Mortgage to Income Ratio The maximum mortgage debt you should carry and still have sufficient capital left to save and retire comfortably The Education to Average Income Ratio The amount of education related debt you can safely incur based on anticipated average earnings after obtaining your degree

    Your Money Ratios Charles Farrell is the developer of a new and unique personal finance system called Your Money Ratios.His book, Your Money Ratios Simple Tools for Financial Security was published in December It is available in major bookstores and online. Ratios Calculator Your Money Ratios Consult your individual financial advisor for advice regarding your specific circumstances The return assumptions used for the ratios are based on long term data Important Money Ratios to Remember Wallet Hacks The same can be true of money ratios These aren t naturally occurring ratios, like the golden ratio, but man made rules of thumb that can be extremely valuable starting points Budgeting RatioThe budgeting ratio says the order is important % With the X Your Current Income as a starting point and Minus Age allocation Review Your Money Ratios The Simple Dollar Your life insurance should be a term policy that pays out times your salary minus your capital to income ratio discussed earlier So, for example, if you make , a year, your total of your capital and your life insurance benefit should be , per year. Your Money Ratios Simple Tools for Financial Security Your Money Ratios is a no nonsense, comprehensive resource for those ready to grab the reins of personal finance once and for all Bookpage Your Money Ratios by Charles Farrell Avery, Why not manage your family finances as you would a business Review Your Money Ratios The White Coat Investor Review Your Money Ratios Have you ever read a book and thought not only This is a great book but I wish I d WRITTEN this book That is how I felt about reading Your Money Ratios This is a relatively quick page book on personal finance that was published in by Charles Farrell, an investment adviser in Denver. Your Money Ratios Simple Tools for Financial Security 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. Your Money Ratios Simple Tools for Financial Security Your Money Ratios is a no nonsense, comprehensive resource for those ready to grab the reins of personal finance once and for all Bookpage Your Money Ratios by Charles Farrell Avery, . Buy Your Money Ratios Microsoft Store 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 Your Money Ratios Are You Saving Enough to Retire In his new book, Your Money Ratios, MoneyWatch contributor Charlie Farrell provides a set of formulas to help readers manage their savings, debt, investment and insurance decisions And when it

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    1 thought on “Your Money Ratios: 8 Simple Tools for Financial Security

    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 more 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 r [...]

    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 [...]

    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 i [...]

    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 tha [...]

    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 in [...]

    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 n [...]

    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 [...]

    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 sug [...]

    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. Great book! Helps plan out where you should be financially at each stage so that you can retire comfortably.

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

    22. 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.

    23. 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

    24. 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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