It's time to throw away all your old notions of what financial advice should look like. Because if you're looking for a book to put you on an austerity savings plan that has you giving up vacations and lattes, you're out of luck. Read more...
It's time to throw away all your old notions of what financial advice should look like. Because if you're looking for a book to put you on an austerity savings plan that has you giving up vacations and lattes, you're out of luck. But if you're looking to get your finances in rock-hard shape - in less time than it takes to finish a workout - then Alexa von Tobel, Founder and CEO of LearnVest, has your back.
How? Through the LearnVest Program. First, you'll take stock of where you stand today. Then, you'll create your customized 50/20/30 plan. 50/20/30 simply refers to the percentage breakdown of how to spend your take-home pay each month. The 50 gets the essentials out of the way so you don't have to stress about them. The 20 sets your foundation for the future, then the 30 is left to spend on the things that bring happiness to your life.
By the time you're finished reading this book, you'll walk away with a financial game plan tailored to your priorities, your hopes and dreams, and your lifestyle. And, because von Tobel and the team at LearnVest are experts at financial planning in the online era, you'll also learn how to integrate your financial plan into your mobile, social, digital life. Like your own personal financial planner between two covers, this book will set you up for a secure, worry-free money future, without having to give up things you love.
So toss those old-school financial guides out the window, and get ready to start living your richest life.
Publishers Weekly® Reviews
- Reviewed in: Publishers Weekly, page .
- Review Date: 2013-10-28
- Reviewer: Staff
This pragmatic and holistic guide from Von Tobel, founder and CEO of financial planning site LearnVest.com, shows readers how to get out of financial holes and set up a secure financial future. Von Tobel’s simple plan for taking control of personal finances has the same brisk, straightforward tone that made the Web site successful, and doesn’t get bogged down in details; this is a survey-level course in financial literacy. Her budgeting formula—50 percent of take-home pay for essentials, 20 for savings, 30 for lifestyle—is a savior for those who find nitpicky budgets too onerous to deal with. Peppered with worksheets and tips, she covers topics such as planning for your future; your credit score; student loans; mortgages; helping aging parents; insurance; and drafting a pre-nup. There’s some discussion of the emotional side of money, and of corralling fears and shame, and a helpful list of “bad money habits,” but the book is mainly a get-down-to-business game plan. Most importantly, the author encourages readers to talk to each other about money, and even to form a Financially Fearless Club to share tips. Better than most books of its kind, this is a solid boot camp for the financially fearful. Agent: Andy McNicol, William Morris. (Dec.)