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Brent Everett

Your Money Ratios; 8 Simple Tools for Financial Security

Posted by Brent Everett
Brent Everett
Brent Everett founded Profisys, LLC, a fee-only Registered Investment Advisor, in 1998. While acting as Manag...
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on Friday, May 06, 2011 in Unconventional Wisdom · 0 Comments

Dave Smith recently read this book and thought that it was quite worthwhile.  The author, Charles Farrell, is an attorney and investment advisor who has written for CBS Moneywatch and Investment News. 

The book presents a series of simple formulas for managing most important aspects of your personal finances by calculating ratios related to savings, debt, investments, and insurance.  Following this methodology provides an objective view of the health of a financial plan.  The Wall Street Journal described these formulas as "some of the best tools we have seen for gauging where you stand."

The author also understands investing and wisely suggests ignoring Wall Street, the financial press and commissioned salesmen.  There is a well written chapter that discusses what to look for in a financial advisor, the "alphabet soup" of designations in the financial world, and the importance of working with a fiduciary.

The book is written in an approachable and easy to read style that is appropriate for most individuals. 

Tags: capital markets, debt, insurance, planning, savings
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