This is a must read for any young professional. The book is built around four core areas of personal finance: Savings, debt ,investment, and insurance. Charles Farrell J.D. is an attorney who specializes in taxation and as a financial advisor.
8 Ratios are evaluated. The capital to income ratio lets you know where you stand at any age in your journey toward retirement at age 65. By the age 65 you should have accumulated 12 times your income to live on 80% of your pre-retirement income. You will learn your savings ratio, your debt ratios, mortgage ratios ,and investment ratios. Insurance ratios are discussed for life disability , and long term care.
This book has been required reading for my young adult children. It is one of the BEST books out there. Purchase it on Amazon today!
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