Book: Hardcover | 9.25 x 6.25in | 272 pages | ISBN 9781583333631 | 24 Dec 2009 | Avery | 18 - AND UP
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.
"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, $26). Why not manage your family finances as you would a business? Farrell is a money manager who makes a convincing argument for that approach. He uses rations more common in the business world, such as the debt-to-equity ratio and the capital to income ratio so that readers can figure out how they are really doing. The book is direct and numbers-focused, and offers answers to questions like "How much should I be saving?" and "How much insurance do I need?" -Reuters
"Charles Farrell, an investment adviser in Denver, has long written about financial planning. In particular, he has developed, in recent years, some of the smartest tools we've seen for gauging the health of your nest egg. Now, he has combined these calculators with additional guidelines in a new book, Your Money Ratios: Eight Simple Tools for Financial Security. Mr. Farrell uses easy-to-understand ratios to help individuals manage savings, debt, investments and insurance, all with the goal of achieving a secure retirement. In short, one of the best financial books to cross our desks this year." -Wall Street Journal
"What I like about the use of ratios is that it imposes discipline on emotional spending decisions. When you do the math based on specific goals, real household income and exact time frames related to age, it becomes crystal clear that you really can't afford to blow out the back of your home or expand the kitchen, no matter how attractive or tax-deductible the financing may be." -Laura Rowley, Yahoo Finance
"Everyone wants to know, 'Am I on the right track?' Thanks to Charlie Farrell and his delightfully simple Money Ratios, the answers are just a few pages away." -Jonathan Clements, author of The Little Book of Main Street Money
