Personal finance is the financial management which an individual or a family unit performs to budget, save, and spend monetary resources over time, taking into account various financial risks and future life events.
Rich Dad Poor Dad is a 1997 book written by Robert T. Kiyosaki and Sharon Lechter. It advocates the importance of financial literacy, financial independence and building wealth through investing in assets, real estate investing, starting and owning businesses, as well as increasing one's financial intelligence.
Refinancing is the replacement of an existing debt obligation with another debt obligation under a different term and interest rate. The terms and conditions of refinancing may vary widely by country, province, or state, based on several economic factors such as inherent risk, projected risk, political stability of a nation, currency stability, banking regulations, borrower's credit worthiness, and credit rating of a nation. In many industrialized nations, common forms of refinancing include primary residence mortgages and car loans.
Credit card debt results when a client of a credit card company purchases an item or service through the card system. Debt grows through the accrual of interest and penalties when the consumer fails to repay the company for the money they have spent.
The debt snowball method is a debt-reduction strategy, whereby one who owes on more than one account pays off the accounts starting with the smallest balances first, while paying the minimum payment on larger debts. Once the smallest debt is paid off, one proceeds to the next larger debt, and so forth, proceeding to the largest ones last. This method is sometimes contrasted with the debt stacking method, also called the debt avalanche method, where one pays off accounts on the highest interest rate first.
Payment protection insurance (PPI), also known as credit insurance, credit protection insurance, or loan repayment insurance, is an insurance product that enables consumers to ensure repayment of credit if the borrower dies, becomes ill or disabled, loses a job, or faces other circumstances that may prevent them from earning income to service the debt. It is not to be confused with income protection insurance, which is not specific to a debt but covers any income. PPI was widely sold by banks and other credit providers as an add-on to the loan or overdraft product.
The debt diet refers to a debt management plan made popular by a multipart series for The Oprah Winfrey Show, first airing on February 17, 2006. In the series, Oprah Winfrey teamed up with financial experts Jean Chatzky, Glinda Bridgforth and David Bach to create a step-by-step plan demonstrating how to get out of debt.
The Wealthy Barber, full title is a financial planning book franchise by Canadian author David Chilton. The first book in the series was in the business fable genre, using the story of fictional characters to convey financial advice.
Jean Sherman Chatzky is an American journalist, a personal finance columnist, financial editor of NBC’s TODAY show, AARP’s personal finance ambassador, and the founder and CEO of the multimedia company HerMoney.
David Lawrence Ramsey III is an American personal finance personality, radio show host, author, and businessman. An evangelical Christian, he hosts the nationally syndicated radio program The Ramsey Show. Ramsey has written several books, including The New York Times bestsellerThe Total Money Makeover, and hosted a television show on Fox Business from 2007 to 2010.
Bankrate, LLC is a consumer financial services company based in New York City. Bankrate.com, perhaps its best-known brand, is a personal finance website. As of November 8, 2017, it became a subsidiary of Red Ventures through an acquisition.
The Ramsey Show is a three-hour self-syndicated radio program and podcast, hosted by the eponymous finance author and speaker Dave Ramsey, that airs Monday through Friday from 2-5 PM ET. It is broadcast from Franklin, Tennessee.
Rich Dad is a brand established by Robert Kiyosaki for a series of educational books and games about personal finance.
SoFi Technologies, Inc. is an American online personal finance company and online bank. Based in San Francisco, SoFi provides financial products including student and auto loan refinancing, mortgages, personal loans, credit card, investing, and banking through both mobile app and desktop interfaces.
Lesley-Anne Scorgie is a Canadian author, speaker and personal finance consultant based in Calgary, Alberta. She published her first book titled Rich by Thirty: A Young Adult’s Guide to Financial Success in 2007 followed by a second book in 2010. Scorgie released her latest book titled Well-Heeled: The Smart Girl’s Guide to Getting Rich in 2014.
Howard Dvorkin is a CPA, author, national columnist, philanthropist, and founder of the nation's fourth-largest credit counseling agency. The chairman of Debt.com, he has advocated a cash-only lifestyle without credit cards.
Rachel Cruze is an American author who specializes on the subject of personal finance. Her book Smart Money Smart Kids, co-authored with her father, Dave Ramsey, reached number one on The New York Times Best Seller list in 2014. Her second book Love Your Life, Not Theirs: 7 Money Habits for Living the Life You Want was published in 2016.
Money Under 30 is a personal finance website specializing in financial advice for young adults.
Tori Dunlap is an American investor, feminist, entrepreneur, and social media personality. She is the founder of 'Her First $100K', which is a financial education company.
Russia defaulted on part of its foreign currency denominated debt on June 27, 2022, its first such default since 1918. Before that, on 2 June, Russia defaulted on the 30-day interest, incorrectly not counting interest for the grace period.
