Last step in your personal financial security formula

Last step in your personal financial security formula

Last step in your personal financial security formula

Jody Tallal Jr. is a man of many talents and interests. He is the author of the just released “Billionaire Cab Driver: Timeless Lessons for Financial Success.” A personal financial manager to wealthy professionals, Tallal became one of the first fee-only … Continue reading at

7 Surefire Strategies To Build Massive Wealth According to the Top 7 Finance Books

A coworker of mine tapped me on the shoulder, and asked me what I was reading. I showed him it was a personal finance book. "Is that for school or something?" he asked quizzically. I shook my head. "Nope. It's just for me," I grinned. He stepped … Continue reading at

5 Personal Finance Tips From Billionaires

Most people don’t associate billionaires with penny-pinching, but that’s how famed investor and billionaire Warren Buffett approaches his personal finances. Buffet bought a relatively modest house back in 1958 for just $ 31,000, which was around $ 275,000 in … Continue reading at

Personal Finance

Redtail Technology Launches Text Messaging Platform For Financial Advisors

Redtail Speak -- a communications platform announced Thursday by the firm Redtail Technology -- allows financial advisors to securely text their clients. The platform complies with federal regulations, which include a FINRA rule that texts must be … Continue reading at

6 Ways to Make Sure Your Personal Finances Are Safe Before Starting a Business

The secret to starting a business and ensuring your personal finances are safe is simple: plan. According to Matt Murawksi, a financial planner at Goodstein Wealth Management, following these key steps can protect any entrepreneur from any situation and … Continue reading at

Personal Finance (Mcgraw-Hill/Irwin Series in Finance, Insurance and Real Estate)
Your journey to financial freedom starts here! Kapoor/Dlabay/Hughes' market-leading Personal Finance provides practical guidance…

Personal Finance
PERSONAL FINANCE 13E offers a practical, student-friendly introduction to personal financial management. This book offers normativ…

Get a Financial Life: Personal Finance in Your Twenties and Thirties
A completely revised and updated fourth edition of the New York Times bestseller, designed to guide younger adults through the wor…

Personal Finance (6th Edition) (Pearson Series in Finance)
For courses in Personal Finance. A Hands-On Approach to Financial Planning The main feature of Personal Finance is its ha…

Personal Finance

Payback: Online Game by McKinney for Next Gen Personal Finance Helps College-bound Students Manage College Debt

DURHAM, N.C., Oct. 3, 2017 -- PAYBACK, an immersive online experience that educates students to make wise decisions on how they'll pay for college, launched today. Created by advertising agency McKinney -- makers of the online game SPENT, which … Continue reading at

I’m a Financial Advisor -- and I Rent My Home and Lease My Car

As a successful woman in my 30s, people are often surprised to learn that my car is leased and my home is rented -- especially when they find out I’m a professional financial advisor. I am very open with my personal philosophies and my own personal … Continue reading at

Personal finance links: stop thinking about money

Wednesday is all about personal finance here at Abnormal Returns. You can check out last week's links embracing a look at why you need an investor policy statement. “What many people really want from money is the ability to stop thinking about money. Continue reading at

World Financial Planning Day: 5 Resolutions You Should Make

While you don’t need to become a master of all things personal finance, you should aim to build at least a cursory level of awareness of what’s going on in the global and local financial markets, and of the nuances of the various financial products … Continue reading at

Equifax Update: 4 Safeguards For Your Personal Data

At least you can partially block access to your personal information, although for most of those … While most of these are legitimate, you can do all of this yourself. The Consumer Financial Protection Bureau recommends you keep a close eye on your … Continue reading at

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Investing is not something I spent a lot of time on for most of my life for one simple reason — I did not have much money to invest!

As you will hear me explain, it wasn’t until 2007, a full eight years after starting my first online business, did I make enough money to invest in my first property, which wasn’t just an investment, it was where I lived for the next three years as well.

As my business income grew, I started to think about how I could save for my future and for fun too. That’s when I started to educate myself about investment options and experiment with opportunities.

In this podcast, you’re going to hear about my first forays into tech stock investing during the first dot-com bubble, including how I invested in an online shopping mall that was eventually bought out by a mining company(huh?).

I also talk about my more recent experiences investing in startups, big tech stocks, and cryptocurrencies Bitcoin and Ethereum.

I also explain how Tony Robbins books influenced my decision to invest in low-fee index funds as a long-term safety net.

Show notes and downloads available here:

Enjoy the podcast,

Yaro Starak

Personal Finance

Money Management for Seniors: A Financial Planning Workshop

Money Management for Seniors: A Financial Planning Workshop

Money Management for Seniors: A Financial Planning Workshop

Please join us for a presentation on the basics of wealth management in retirement. In this interactive workshop the presenter will answer your questions on managing money during retirement; planning for retirement; estate planning; Social Security and … Continue reading at

Are Americans finally getting smarter about money?

Over the past decade, Americans got a crash course in money management. The financial crisis and the great recession offered a ton of lessons-the dangers of debt being a big one-while making it impossible to ignore the topic of finance. That’s still the … Continue reading at

LA, Minneapolis best cities for money management skills

Consumers in Los Angeles manage their money better than their peers in other big U.S. cities, a study by found, while Baltimore residents fared the worst. The study compared average credit scores in the 25 most populous metropolitan areas … Continue reading at

Money Management

Early money management is key to plugging millennial savings gap

It is a common catchphrase many UAE-based expatriates hear on repeat from their friends and family at home: "You must be saving a fortune out there!" The truth of the matter is, when millennial expatriates arrive in the UAE, it is somewhere between … Continue reading at

Centra combines money management with family bike ride

COLUMBUS - Centra Foundation will host its "Smart Money Family Fun Bike Ride" Saturday, Aug. 6. The ride will start and finish at the Columbus Municipal Airport. The morning event, however, is more than just a bike ride, information from Lyn Morgan … Continue reading at

Budgeting: Saving Money: Learn How To Budget (Money Management Credit Repair Financial Planning) (Debt Free Budgeting Self Discipline)
LIMITED TIME BONUS INCLUDED: FREE BOOK Debt Free Living: The Ultimate Guide to Get Out of Debt Now and Be Debt Free for Life


Money Management: Budgeting Secrets When Your Broke: Little Known Strategies That Could Change Your Life (Wealth Creation Book 1)
Wake up and stop wasting your money NOW!

Have you struggled with debt troubles? Do you constantly find yourself worrying about mo…

Money Management

15 Money Tips You Should Ignore

Don’t ever go into debt. Conventional wisdom says debt is always bad, but it can be useful for some money management strategies. “Some people don’t want any debt, and there are others who are totally comfortable leveraging debt,” says Margaret Paddock … Continue reading at

Learn Year-Round Money Management Habits for Smooth Sailing on Tax Day

You're a #girlboss who has started her first creative business. We all know that successfully navigating through the early years of entrepreneurship are crucial. Which is why we've created a business track of online classes. Taught by some of the best … Continue reading at

People in This City Are Best at Managing Their Money

You also might have better money management skills than many of your urban counterparts around the country. That's according to a report released Thursday by, which ranked the residents of the City of Angels top in the nation at managing … Continue reading at

Use This Easy Trick to Manage Your Money Without Doing Any Math

Even if you have enough cash, disorganization makes money management tough. And, frankly, just thinking about it makes me anxious. Read Jim Wang's description from Wallet Hacks, for example: "After a few years, I had a dozen checking accounts. Continue reading at

Sorry, Dallas-Fort Worth: We’re bad at managing money, and have terrible credit scores

DFW comes in as 7th worst for money management, according to On top of that, people in San Antonio and Houston are (slightly) better at managing money than DFW residents. The study looked at average credit scores and adjusted for … Continue reading at

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Financial Planning for Beginners Video

Personal finance covers a wide variety of money topics including budgeting, expenses, debt, saving, retirement and insurance among others. Understanding how each of these topics work together and affect each other is important for laying the groundwork for a solid financial foundation for you and your family.


At the very basic level of personal finance you are dealing with a budget; you make money and then you spend that money. Even if you haven't created a detailed and written budget you continue to budget on a daily basis. When you are faced with spending money on something you think about it and realize that by spending that money you will not be able to spend that same money on something else.

Cutting Expenses

After you have created a budget you can begin to see where expenses may need to be reduced in order to meet your goals. For some people this means eating out less and for others it could mean getting rid of that extra vehicle. Whatever the case may be, everyone has an area or two where money can be saved by reducing some basic expenses.

Getting Out of Debt

Even after creating a sound budget and cutting unnecessary expenses you may still find yourself with lingering debt to get rid of. Financial leverage, or using credit and taking on debt by itself isn't necessarily a bad thing but there are two kinds of debt: good debt and bad debt.

When you borrow money to purchase a home you are taking on a lot of debt, but lower interest rates and the purchase of an asset that can increase in value is an acceptable form of debt. On the other hand when you go to the mall and have yourself a shopping spree using your credit card with a 24% annual interest rate without paying it off in full right away is bad debt.

Getting out of debt doesn't have to be difficult but it is essential in reaching a state of financial independence. The first thing to do when you find yourself in debt is to pay more than the minimum monthly payment. If you only pay the minimum each month it will often take decades to repay the debt and cost a small fortune in interest. Once you are paying more than the minimum you should look to lower your interest rate. High interest rates will make getting out from under the debt even more difficult.

Saving for Retirement

With fewer companies offering full pension plans and the uncertainty of Social Security it has become more important than ever to save and plan for your own retirement. Unfortunately many people feel that they simply don't have enough money left over each month to save.

Retirement savings needs to become a priority instead of an afterthought. The Internal Revenue Service has made saving for retirement even more attractive with special tax-advantaged accounts such as employer 401(k) plans, individual retirement accounts and special retirement accounts for the self-employed. These allow for tax deductions, credits and even tax free earnings on retirement savings.

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Money Management

ASK A FINANCIAL PLANNER: ‘What’s the difference between an ETF and index fund?’

ASK A FINANCIAL PLANNER: 'What's the difference between an ETF and index fund?'

ASK A FINANCIAL PLANNER: ‘What’s the difference between an ETF and index fund?’

Certified financial planner Sophia Bera answers: What’s the difference between an ETF and index fund, and which is better? Great question. Before I delve into the specifics, let me give a little context as to why both can be good additions to an investment … Continue reading at

Two Direxion Currency Hedged Leveraged ETFs to Close

While the exchange-traded fund (ETF) boom has been great in expanding the number of tools that investors have to build their portfolios, not every ETF can be a hit. In fact, many new ETFs fail to catch on and reach the critical mass needed to be a viable fund. Continue reading at

Russia ETFs Reward, but Caution is Required

Previously moribund Russian stocks and the corresponding U.S.-listed exchange traded funds (ETFs) have been among this year's most pleasant surprises in what has been a broad emerging markets rally. For example, the VanEck Vectors Russia ETF (RSX … Continue reading at

Mutual Funds

Gold ETF Traders Should Keep These 5 Factors in Mind

As the gold market makes an impressive bull run this year, precious metals exchange traded fund (ETF) investors will have to watch a handful of factors to gauge how far the rally can keep going. Comex gold futures were hovering at around $ 1,287.8 per ounce … Continue reading at

Japan ETFs Try To Get It Together

a performance that easily makes it one of the best-performing exchange traded funds tracking a developed market currency. Predictably, this isn’t good news for equity-based Japan ETFs. To this point in the year, it’s a matter of bad and worse for Japan ETFs. Continue reading at

Mutual Funds For Dummies, 5th edition
This book provides expanded coverage of ETFs, fund alternatives, and Internet research. Cash in on the latest wealth-building tech…

Mutual Funds for Beginners: How to Invest in Mutual Funds for Safe Investing and Great Profits
Many people are looking for a way to make their money grow. Investing is a great method of leveraging your money out to do all the…

Mutual Funds: Portfolio Structures, Analysis, Management, and Stewardship
An authoritative, must-read guide to making more informed decisions about mutual funds Providing a balance of theory and applicati…

Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor
NATIONAL BESTSELLER! “Cogent, honest, and hard-hitting-a must read for every investor.” -Warren E. Buffett Praise for Common Sense…

Mutual Funds

First Trust Morningstar Divid Ledr (ETF) (FDL) Short Interest Down 47.1% in April

BB&T Securities increased its position in First Trust Morningstar Divid Ledr (ETF) (NYSE:FDL) by 5.6% during the fourth quarter, Holdings Channel reports. The fund owned 32,035 shares of the company's stock after buying an additional 1,694 shares during … Continue reading at

This Emerging Market ETF May Be Popular, but at a Price

Would you pay $ 1,000 for the original iPhone? Of course you wouldn’t. But that’s basically what some institutional investors do all the time when they use exchange traded funds--and why retail investors may be ahead of the curve. Nowhere is this on … Continue reading at

REX Shares Joins Bats Exchange, Launches 2 ETFs

REX Shares became a new issuer to the Bats Exchange on Tuesday with the launch of two new exchange traded funds (ETFs). The pair of ETFs are the REX VolMAXX Long VIX Weekly Futures Strategy ETF (BATS: VMAX) and the REX VolMAXX Inverse VIX Weekly Futures … Continue reading at

How One Manager Is Using ETFs To Dodge Falling Apple Shares

Questions about the tech giant's future earnings loom large, and some investors are reshuffling their exchange-traded fund positions to minimize exposure to Apple. The stock is down 13.5% over the past month amid concerns that slumping iPhone sales will … Continue reading at

Accessing Japan with ETFs - Part 1

The first two months of the year saw total net inflows to Japan-listed exchange traded funds and exchange traded products hit a record $ 9.24bn, according to data from consultancy ETFGI. However, while these domestic Japanese equity ETFs/ETPs have … Continue reading at

* Ron Delegge talks with Rick Ferri (Founder, Portfolio Solutions) about mutual fund vs. ETFs. ETFs are a newer and hotter product on the market. Should you sell all your mutual funds in favor of ETFs? Rick gives some advice that may surprise you.

Mutual Funds

Top 10 Financial Ratios for Successful Dividend Investing

Top 10 Financial Ratios for Successful Dividend Investing

Top 10 Financial Ratios for Successful Dividend Investing

Dividend investing is part art, part science. Financial ratios make up most of the science behind investing. What exactly are financial ratios? For the purposes of this article, we define financial ratios as any number or calculation used by dividend … Continue reading at

Ex-Dividend Reminder: Discover Financial Services, Macerich and Opus Bank Irvine

Looking at the universe of stocks we cover at Dividend Channel, on 5/3/16, Discover Financial Services (NYSE: DFS), Macerich Co. (NYSE: MAC), and Opus Bank Irvine (NASD: OPB) will all trade ex-dividend for their respective upcoming dividends. Discover … Continue reading at

Dividend Watch: 3 Stocks Going Ex-Dividend Monday: IID, FIF, CNNX

Monday, Monday, May 02, 2016, 22 U.S. common stocks are scheduled to go ex-dividend. The dividend yields on these stocks range from 0.5% to 13.8%. All of these stocks can be found on our stocks going ex-dividend section of our dividend calendar … Continue reading at

Stock Market Investing

3 Attractive Income Stocks Whose Dividends Could Double

Dividend stocks can be the foundation of a great retirement portfolio. Not only do the payments put money in your pocket, which can help hedge against any dips in the stock market, but they’re usually a sign of a financially sound company. Dividends also … Continue reading at

Ex-Dividend Reminder: KKR & Company, First Niagara Financial Group and S & T Bancorp

Looking at the universe of stocks we cover at Dividend Channel, on 5/3/16, KKR & Company LP (Symbol: KKR), First Niagara Financial Group, Inc. (Symbol: FNFG), and S & T Bancorp Inc (Symbol: STBA) will all trade ex-dividend for their respective upcoming … Continue reading at

Stock Market Investing for Beginners: How Anyone Can Have a Wealthy Retirement by Ignoring Much of the Standard Advice and Without Wasting Time or Getting Scammed
Stock Market Investing to Build Wealth, a Worry-Free Retirement, and Financial Independence Want to get started investing in the s…

The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns
"There are a few investment managers, of course, who are very good - though in the short run, it's difficult to determine wh…

Investing: Stocks, Options, Gold & Silver – Your Path to Wealth in a Bull or Bear Stock Market (Investing, Stocks, Day Trading)
Grow Your Investment Portfolio in any Market! Is it time to put your money to work for you? Would you like to understand the sto…

Stock Market Investing

4 Safe Dividend Stocks to Buy Now, Even as the Market Gets Extended

The way 2016 started off, it looked like we were in for a very dreary year. By mid-February the market had dropped a stunning 11.4% in six short weeks. The second market correction in six months and the kind of market volatility and action that brings all … Continue reading at

Stocks Going Ex-Dividend The First Week Of May

The additional ex-dividend stocks can be found at (If you have been to the website before, and the latest link doesn’t show up, you may have to empty your cache.) Disclosure: Author did not own any of the above at the time the article was written. Continue reading at

Dividend stocks are the new safety net from negative interest rates

Interest rates are barely above zero in the US, but that may not last for long as the list of developed countries that are now at negative interest rates is growing. The Bank of Japan joined the NIRP club in late January, and the outlook for income … Continue reading at

Strategist: Keep buying dividend stocks for the sideways year ahead

Investors should keep buying dividend stocks, especially ones with a history of increasing payouts, strategists at BMO Capital Markets told clients on Thursday. “Our work shows that dividend growth strategies are well-suited for range-bound market periods … Continue reading at

United Technologies Stands out From 112 Stocks That Increased Dividends

… increased their dividends this week and more than 40 companies that decreased their dividends. Find a complete list of stocks that increased/decreased/suspended/initiated their payouts last week in our Dividend Payout Changes and Announcement Tool Continue reading at

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Last week, the Dow Jones Industrial Average fell more than 1,000 points, its worst weekly performance in approximately four years. On Monday, the index plunged by over 1,000 points early – and closed the day down 588 points. In terms of the number of points lost, Monday August 24th, 2015 was the eighth-worst single-day loss in the index's history.

A third of S&P 500 companies have declined over 20% from their peaks and many retain high valuations despite disappointing earnings numbers. The United States Dollar Index dropped the most it has in over 5 months today to seven month lows – losing against the Euro and Yen. Oil prices plunged, with the U.S. oil benchmark settling down 5.5% at .24 a barrel, its first close below a barrel since February 2009.

Some analysis are blaming the China currency devaluation and the drop in the Shanghai Stock Exchange Composite Index - but what is really going on?

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These were the Dow's 10 worst single-day losses ever

Effective Federal Funds Rate

Major Stock Indexes vs. Federal Reserve Interest Rate

Quantitative Easing

Federal Reserve: Total Assets

Major Stock Indexes vs. Federal Reserve Assets

Stock Market Investing

Personal finance: College financial aid shifting toward the affluent, study says

Personal finance: College financial aid shifting toward the affluent, study says

If you come from a relatively low-income family, there's a strong chance you are. In fact, you may be subsidizing the education of a student from an affluent family. Why? Because many colleges, with limited pots of financial aid money, are cutting off … Continue reading at

High school students get grilled on personal finance

Money Smart Week launches personal finance challenge for high school students. (Photo: Susan Tompor) We’re a month away from Money Smart Week in Michigan but high school math and economics teachers are being encouraged to gear up now when it comes to a … Continue reading at

A Conversation with Entrepreneur and Consumer Finance Advocate Howard Dvorkin

Recently, I spoke with personal finance expert and consumer advocate Howard Dvorkin. Dvorkin is a true financial education pioneer. Over two decades ago, he quit his job at an accounting firm to start his own business dedicated to helping the average … Continue reading at

Personal Finance

Personal Finance: Why it is important for creditors to help debtors

The ultimate outcome when a creditor fully supports a debtor is they not only save their organisation, but their jobs and the economy get to benefit and grow, too. But tell me how many creditors even realise this outcome when they are seated in positions … Continue reading at

CSU presidents can avoid disclosing personal financial details

President Alexander Gonzalez checked only one box on his personal economic disclosure forms for 11 of his 12 years at Sacramento State: "No reportable interests on any schedule." Gonzalez, who was paid $ 370,000 as university president in 2014, claimed … Continue reading at

Personal Finance
PERSONAL FINANCE offers a practical, reader-friendly introduction to personal financial management. Using a structured, step-by-st…

Personal Finance
Kapoor/Dlabay/Hughes' Personal Finance is the #1 market-leading Personal Finance text. It provides comprehensive coverage of pe…

Personal Finance in Your 20s For Dummies
The easy way to avoid early pitfalls on the road to financial success A little money and a little time is all that’s needed to lay…

Personal Finance

Prepare With A Prenuptial Agreement To Avoid Financial Disaster

As someone in a marriage or who will be getting married, you probably already know that personal financial issues can put a strain on your relationship. Sometimes, financial problems can make a couple grow together and become stronger, but other times … Continue reading at

Personal Finance Corner: Pharma funds with Dhirendra Kr

In the latest episode of Personal Finance Corner, see Dhirendra Kumar, CEO, Value Research, talking about the pharma funds. Continue reading at

6 Questions to Ask Before Hiring a Financial Advisor

such as the CFP (Certified Financial Planner) or the PFS (Personal Financial Specialist), which is a designation bestowed upon some CPAs (Certified Public Accountants). Both designations require that the advisor have a certain level of experience in the … Continue reading at

SMEs increasingly dependent on personal finances

"Personal finance may appeal from a convenience, speed and accessibility perspective - the downside is that higher-than-necessary funding costs cut directly into margin, and personal financing can impact on lifestyle and leave owners open to family … Continue reading at

Personal Finance